Canada Announces Retaliatory Tariffs on US Imports
Summary
Canada will impose dollar-for-dollar retaliatory tariffs on a range of US goods after Washington applied a 50 percent tariff on about $20 billion worth of Canadian imports. Prime Minister Mark Carney said the US demands were economically impractical and unfair, while trade tensions between the two countries continue to escalate.
Key Points
- Canada says its retaliatory tariffs will take effect on September 8 and target goods including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.
- Prime Minister Mark Carney said the US conditions for a trade deal were unfair and offered too little in return.
- The United States had earlier delayed its tariff implementation by three days after trade talks failed to produce an agreement.
- US Trade Representative Jamison Greer accused Canada of backing away from previously agreed terms and said Washington will take further steps in response.
