US Imposes 50% Tariffs on Canadian Goods as Trade Talks Fail, Canada Vows Retaliation
Canada will retaliate dollar for dollar after the U.S. said the duties cover about $20 billion in goods and could hit 5% of its exports.
- 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.
221 Articles
221 Articles
Canada ends trade talks over 'last-minute US demands'
The United States and Canada have failed to reach a trade deal, and Washington said it would impose 50 percent tariffs on some imports from Canada, an escalation of tensions between the two longtime allies. A senior Trump administration official said late on Friday that section 338 tariffs on about US$20 billion worth of Canadian goods would go into effect just after midnight on Saturday. Canada's Prime Minister Mark Carney said he had suspende…
Despite the final negotiations, Donald Trump's new 50% customs duties against a number of Canadian products came into effect on Saturday. Ottawa announced that it will impose surcharges on the United States for the same amount.In the last minute agreement, Donald Trump's new 50% customs duties against a number of Canadian products came into effect on Saturday, Ottawa promising a "near dollar" response.The two neighbours, whose relations have det…
Canada, which refused to accept the conditions imposed by Washington in order to avoid the entry into force on Saturday of punitive tariffs, will impose in the United States surcharges of the same amount "to the nearest dollar", announced its Prime Minister Mark Carney. ...
The extension of the deadline has done nothing: the US and Canada cannot agree in the customs dispute – with significant consequences for the economy.In the US-Canada customs dispute, despite feverish negotiations, both sides were unable to reach an agreement – accordingly, new US tariffs on Canadian products came into force at night. US Trade Commissioner Jamieson Greer announced the failure of the negotiations immediately before the expiry of …
The US-Canada trade negotiations have failed this Friday at the last minute, after hours earlier, the US representative held Canada accountable. Learn more: Canada changes plans: avoids the US and China and finances joint investigations with Europe
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