Canada has announced it will match new US tariffs “dollar for dollar” after trade negotiations with the United States failed to reach an agreement over proposed levies on Canadian imports.
Prime Minister Mark Carney said talks were suspended following “last-minute changes” that Ottawa considered unfair, while US Trade Representative Jamieson Greer said Canada had rejected an offer involving tariff reductions in key sectors.
Key developments:
- The US is set to impose 50% tariffs on around $20bn of Canadian goods.
- Canada said it would introduce equivalent measures to protect workers and businesses.
- Negotiations covered sectors including steel, aluminium, vehicles and lumber.
- The dispute comes amid wider uncertainty over North American trade relations.
The breakdown presents a major economic and diplomatic challenge for both governments as they seek to manage their trade relationship.
Follow on social media TikTok@tut0ughInstagram@tut0ugh Threads@tut0ugh X@tut0ugh YouTube@tut0ugh
