US Imposes 50% Tariffs on Canadian Goods as Trade Talks Fail, Canada Vows Retaliation
Canada said it will match the tariffs dollar for dollar after talks collapsed and U.S. officials invoked a Depression-era law to target about $28 billion in goods.
- 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.
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Last-Minute Trade Talks Falter as Canada-U.S. Tariffs Kick In
After a lot of speculation that a trade deal between Canada and the United States was near, it all fell through at the last minute. That means the tariffs are on and Canada will impose matching tariffs. Prime Minister Mark Carney is expected to have more to say on the matter in the next day or two, but he says government will introduce additional measures to support Canadian workers and businesses, building on the nearly $25 billion in support p…
The US government did not want to respond to Canada's demands. A trade deal has thus failed. Canadian products such as wine and hockey bats are now subject to tariffs of 50 percent.
The 50 percent punishments announced by the White House for Canadian products came into effect at midnight on Friday.
Declaring the unfair conditions imposed by Washington, the Canadian Prime Minister assures that he will impose equivalent taxes, "to the nearest dollar," in the United States.
ROME (ITALPRESS) In force today the US duties to 50% towards Canada. Despite the negotiations until the last minute between Washington and Ottawa, there was no agreement and, after the three days of extension decided by Donald Trump to treat, start the new commercial tariffs on a series of Canadian products, from hockey clubs to cement. From Ottawa similar measures.
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