Trump Imposes 50% Tariffs on $20 Billion of Canadian Goods as Ottawa Vows Dollar-for-Dollar Response
Updated
Updated · CNN · Aug 23
Trump Imposes 50% Tariffs on $20 Billion of Canadian Goods as Ottawa Vows Dollar-for-Dollar Response
3 articles · Updated · CNN · Aug 23
Summary
50% US tariffs on $20 billion of Canadian goods are moving ahead after last-minute trade talks collapsed, with Trump signaling no retreat in his first public comments since the breakdown.
Trump said Canada wanted the benefits of being a US state without being one, while Carney said Washington “asked too much and offered too little” in the negotiations.
September 8 is when Canada plans to begin matching the US tariffs dollar for dollar, extending the dispute into a full retaliatory trade fight.
1989 to 1998 trade deals had dismantled nearly all tariff and quota barriers in Canada-US agricultural trade, making the new measures a sharp break from decades of relatively open terms.