Canadian countertariffs take effect on $28-billion of U.S. imports
Canada has implemented retaliatory tariffs on $28-billion worth of U.S. goods following a 50-percent tariff imposed by President Donald Trump. The move marks an escalation in the trade war between the two nations after failed negotiations.
Why it matters
This trade dispute has significant economic implications for North American supply chains, businesses, and consumer prices.
A truck crosses into the United States on the Gordie Howe International Bridge, connecting Windsor, Ont., and Detroit. Canada's countertariffs are in response to 50-per-cent tariffs that President Donald Trump levelled against Canada on Aug. 22. JEFF KOWALSKY/AFP/Getty Images
Canada’s retaliatory tariffs on $28-billion worth of U.S. imports took effect early Tuesday, as Prime Minister Mark Carney fired back at President Donald Trump’s trade war and braced for an expected counterpunch from Washington.
Mr. Carney’s office said Monday that there had been no eleventh-hour talks to prevent Canada from imposing the countertariffs.
Instead of negotiations over the weekend, Mr. Trump made a steady stream of derisive and insulting social media posts about Canada and floated a ban on Canadian luxury-jet maker Bombardier.
The attack on the prominent Canadian company was made only on social media, with no formal policy announcement from the White House.
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