Canadian PM calls Trump's fresh tariffs a 'miscalculation' after trade talks collapse
Canadian Prime Minister Mark Carney has declared a breakdown in trade talks with the US, labeling new American tariffs a 'miscalculation' and promising dollar-for-dollar retaliation. The collapse follows accusations from both sides regarding unfair demands and shifting terms.
Why it matters
Signals a significant escalation in trade tensions between North American neighbors with potential impacts on global supply chains.
By Nadine Yousif Senior Canada reporter Published 7 minutes ago Canada's Prime Minister Mark Carney has said a fresh wave of US tariffs on Canada is a "miscalculation" designed to "hurt and divide us", after trade talks broke down late on Friday.
Carney said he walked away from a deal because he was not prepared to "compromise Canada's sovereignty".
"They asked too much and they offered too little," Carney said in a speech to Canadians on Saturday morning.
The prime minister added that Canada will match US tariffs "dollar-for-dollar" from 8 September, including levies on steel, dairy, appliances and electronics. Donald Trump has yet to comment.
Both countries were optimistic of a deal earlier in the week, but talks collapsed on Friday night after both sides accused the other of making last-minute changes.
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