In the News Today: Trade War Escalates, Trump Targets Bombardier, Yacht Rescue
The levies affect American goods worth up to 50 per cent as Ottawa responds to U.S. tariffs after trade talks broke down, officials said.
- On Tuesday, Canada's retaliatory tariffs on United States goods took effect, intensifying an 18-month trade war and targeting $27.6 billion in American imports to match tariffs imposed by President Donald Trump.
- President Donald Trump imposed a 50% tariff on Canadian goods on Aug. 22 after negotiations collapsed, with the White House claiming Canada was "ripping off the United States for decades" and "ending Canada's free ride."
- Disputing the allegations, Canadian Prime Minister Mark Carney said Canada "walked away from a bad deal." He noted the trade "climate" with the United States has changed, prompting his country to pursue new "trading relationships abroad."
- Depending on the product, Canadian tariffs range from 15% to 50%, covering agricultural equipment, aluminum, and dairy. Items such as air conditioners and cheese face a 25% levy, while others receive 50%.
- Despite the tensions, the countries remain economically intertwined. Canada supplies 99% of American natural gas imports, 85% of electricity imports, and 60% of crude oil imports, essential to sustaining American growth.
36 Articles
36 Articles
The customs dispute in North America is entering the next phase: Canada now imposes counter-tariff duties on certain US imports. US President Trump, meanwhile, threatened Canadian aircraft manufacturer Bombardier.
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As the trade war between Canada and the United States escalates, retaliatory tariffs imposed by Ottawa on billions of dollars worth of goods from the United States went into effect on Tuesday.
By Elisabeth Buchwald and John Liu, CNN - President Donald Trump threatened Monday to ban the sale of Canadian-made Bombardier jets if they are not manufactured in the United States, hours before Canada imposed retaliatory tariffs worth $20 billion on U.S. goods, which took effect at 12:01 a.m. Tuesday (Miami time). Canadian Prime Minister Mark Carney has stood firm on the country's countermeasures and has indicated that it will respond in kind …
Canada's retaliatory measures against US tariffs come into effect this Tuesday. New tariffs, ranging from 15% to 50%, will be imposed by the Mark Carney administration on a wider range of US products, including steel, dairy products, agricultural equipment, paper products, electronics, and household appliances.
Canadian tariffs on billions of dollars of US goods and products go into effect
Retaliatory tariffs imposed by Canada on the United States took effect at 12:01 a.m. on Tuesday. ET in the latest escalation of the trade war between the two countries. Canada’s tariffs were in response to the decision by President Donald Trump on Aug. 22 to impose a 50% tariff on Canadian goods after negotiations between […]
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