- Canada will impose new tariffs on US imports from September 8
- Mark Carney said the move responds to Trump’s 50% tariffs
- The measures target several major US export sectors
Canada will introduce new tariffs on a range of goods imported from the United States beginning September 8, Prime Minister Mark Carney has announced.
Eko Hot Blog gathered that the move comes in response to President Donald Trump’s latest 50 per cent tariffs on Canadian products, which took effect at midnight.
Carney made the announcement on Saturday after several days of negotiations between Ottawa and Washington ended without a trade agreement.
The failed talks have further strained relations between the two long-standing trade partners and raised fresh concerns about the future of the United States-Mexico-Canada Agreement.
Trump’s tariffs affect several Canadian export sectors, including wine, furniture, dairy products, cement, clothing, fishing equipment and hockey gear. The measures cover an estimated $20 billion worth of Canadian goods shipped to the US.
The new US duties also remove exemptions previously enjoyed by Canadian products under the USMCA, which had protected most Canadian exports from additional tariffs over the past 18 months.
Carney said Canada would respond by matching the US tariffs on a dollar-for-dollar basis to protect Canadian workers, farmers, families and businesses.
The Canadian countermeasures will target products from sectors including steel, dairy, household appliances, agricultural machinery, pulp and paper, and electronics.
According to Carney, the retaliatory measures will also apply to goods already affected by what Canada considers unjustified tariffs imposed under US trade provisions.
Speaking at a news conference in Ottawa, the prime minister said Canada could not accept the terms presented by Washington during the negotiations.
The escalating tariff dispute threatens to place additional pressure on economic ties between the neighbouring countries, whose economies have long been closely integrated through cross-border trade.
