Ottawa Sets New Tariff Response After Canada U.S. Talks Break Down
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New 50 per cent U.S. tariffs on roughly C$28 billion worth of Canadian goods took effect Saturday, while Prime Minister Mark Carney announced that Canada will impose matching counter tariffs beginning September 8, marking a new escalation in the trade dispute between the two countries.
The move followed Ottawa's decision to suspend trade negotiations and recall its negotiating team from Washington. Carney said the United States introduced new terms in recent days that Canada considered unfair and uneconomic, adding that his government would not accept concessions affecting Canadian sovereignty or key industries.
Carney said the Canadian measures will focus on sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. Full details are expected in the coming days. He also acknowledged that the counter tariffs could raise costs and reduce choices for Canadian consumers.
Carney met virtually with provincial and territorial premiers Saturday to discuss support for workers and businesses affected by the U.S. tariffs, as well as efforts to accelerate major Canadian projects, diversify export markets and reduce Canada's economic dependence on the United States.
Washington had delayed the tariffs for three days, from August 19 to August 22, to allow additional time for negotiations after both sides reported progress. The talks ultimately ended without an agreement.
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Tahani Elghazaly5332 Posts
