Canada to hit US with retaliatory tariffs as trade war escalates
Canadian Prime Minister Mark Carney announced retaliatory tariffs on US steel, electronics, and dairy products starting September 8. This move follows Washington's imposition of a 50 percent levy on $20bn worth of Canadian goods.
Why it matters
The escalating trade war between the US and Canada threatens to disrupt North American supply chains and impact economic relations between the two allies.
Mark Carney says Canada will impose tariffs starting September 8 on imports of US steel, electronics and other products.
x whatsapp-stroke copylink google Add Al Jazeera on Google info play video play video Video Duration 01 minutes 54 seconds play-arrow 01:54 Carney says Canada won't compromise sovereignty in tariff standoff
Canada’s Prime Minister Mark Carney has announced retaliatory tariffs on the United States after Washington imposed a 50 percent levy on $20bn worth of Canadian goods.
Carney, speaking in Ottawa on Saturday, said the new Canadian tariffs would target US steel, dairy and electronics industries, among others, and take effect on September 8.
“Canada will match Washington’s new tariffs dollar for dollar in order to protect Canadian workers, farmers, families, and businesses,” Carney told reporters.
The announcement came after days of intense negotiations broke down late on Friday, worsening a delicate relationship between the longtime trade partners and allies.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in