Will match tariffs dollar for dollar: Canada’s Carney as trade talks with US fail
The US and Canada failed to reach a trade deal after three days of talks, prompting Washington to impose 50% tariffs on about $20 billion worth of Canadian goods. Canada suspended negotiations and vowed dollar-for-dollar retaliation.
A senior Trump administration official said the Section 338 tariffs, covering around $20 billion worth of Canadian goods, would take effect shortly after midnight on Saturday.
Canadian Prime Minister Mark Carney said Ottawa had suspended trade negotiations and would respond with dollar-for-dollar retaliatory tariffs.
The breakdown followed talks between Canada’s minister for trade with the US, Dominic LeBlanc, and US Trade Representative Jamieson Greer.
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