Carney calls Trump's fresh tariffs a 'miscalculation' after trade talks collapse
Canadian Prime Minister Mark Carney has labeled new US tariffs a 'miscalculation' and announced retaliatory measures following the collapse of trade negotiations. The breakdown occurred after both sides accused each other of making unfair, last-minute changes to the proposed deal.
Why it matters
The escalation of trade tensions between the US and Canada threatens to disrupt cross-border supply chains and increase costs for consumers.
US asked too much and offered too little,' says Canada's PM Mark Carney
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 collapsed late on Friday.
Carney said he walked away from a deal because he was not prepared to "compromise Canada's sovereignty", adding he felt the country was being "attacked" by the US.
"They asked too much and they offered too little," Carney told Canadians on Saturday morning.
The prime minister confirmed he would match US tariffs "dollar-for-dollar" from 8 September, including levies on steel, dairy, appliances and electronics.
US President Donald Trump has yet to comment.
Both countries were optimistic of a deal earlier in the week, but talks fell apart after both sides accused the other of making last-minute changes.
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