US Imposes 50% Tariffs on Canadian Goods as Trade Talks Fail, Canada Vows Retaliation
The tariffs cover about $20 billion in Canadian goods and are expected to deepen the trade fight as Ottawa plans dollar-for-dollar retaliation.
- The United States imposed 50% tariffs on about $20 billion in Canadian goods on Saturday after last-ditch negotiations failed, with duties taking effect at 12:01 a.m. EDT.
- Prime Minister Mark Carney suspended trade negotiations Friday, calling last-minute U.S. changes "unfair, uneconomic, and called into question the reliability of any deal." The U.S. blamed Canada, terming it "a missed opportunity for Canada to partner with the United States."
- Canada will retaliate against the new levies "dollar for dollar" to protect workers and businesses, amid a trade relationship worth $880 billion in annual goods and services.
- With tariffs now in effect, Carney directed negotiators to return to Ottawa and pledged new government measures to support Canadian workers and industries facing the trade dispute.
- The tariffs could thwart Canada's fragile economic recovery and reshape bilateral engagement in coming months, marking an extraordinary departure from the traditionally cooperative relationship between the historic allies.
320 Articles
320 Articles
Canada and Trump trade frosty midnight statements over who killed deal
The U.S. and Canada pointed fingers at each other after trade talks collapsed, triggering 50 percent tariffs and mutual accusations.Prime Minister Mark Carney announced late Friday that he had suspended trade negotiations with the United States and pulled his team home minutes before a midnight deadline. It set in motion steep new tariffs on Canadian exports."As a result, this evening I have decided to suspend trade negotiations with the U.S. an…
The US imposed fines of 50 percent on certain imports from Canada.
U.S. trade representative holds Canada responsible for the collapse of the talks. Still, the Academic Federation of the Port considers that the increase of places comes to increase the responsibility.
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