Canada Announces Retaliatory Tariffs On US Steel, Dairy As Trade War With Washington Escalates
OTTAWA — Canadian Prime Minister Mark Carney announced Saturday that Canada will impose retaliatory tariffs on the United States, matching Washington's newly imposed 50% levy on $20 billion worth of Canadian goods dollar for dollar, after days of intense trade negotiations between the two longtime allies collapsed late Friday.
Speaking to reporters in Ottawa, Carney said the new Canadian tariffs will target U.S. steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, along with certain other products previously targeted by U.S. tariffs against Canada. The measures are set to take effect Sept. 8. "Canada will match Washington's new tariffs dollar for dollar in order to protect Canadian workers, farmers, families, and businesses," Carney said.
The breakdown in talks came after the Trump administration imposed new 50% tariffs covering roughly $20 billion in Canadian goods, or approximately 5.5% of Canada's total exports to the United States, affecting sectors including wine, furniture, dairy products, cement, clothing, fishing rods and hockey equipment. President Donald Trump responded to Carney's retaliation announcement in a post on Truth Social, writing, "Canada wants the benefits of being a State, without being one!!!" Trump also claimed Canada has charged U.S. farmers "massive amounts" of tariffs for years, adding, "No more!!!"
Carney said the negotiations broke down after the United States proposed conditions his government found unacceptable, despite what he described as positive momentum in earlier talks. "In recent days, the United States proposed new terms that were uneconomic, unfair and undermined the net benefits for Canada, and........
