Today's Edition
OTTAWA (AFP)
Canadian Prime Minister Mark Carney announced retaliatory tariffs on the United States on Saturday, after walking away from a "bad deal" on trade in a deepening rift between the longtime allies.
Negotiations between the neighbouring countries broke down Friday in Washington, putting into force new 50-percent US tariffs impacting about $20 billion worth of goods, or 5.5 percent of Canadian exports to the United States.
Impacted products range from hockey sticks to cement.
New Canadian tariffs will notably target the US steel and dairy industries and take effect on September 8. More details would come next week, Carney said.
Canada has been seeking relief from Trump's tariffs on autos, steel, and aluminum, which have battered the country's economy, forced job losses, and strained what was once an iron-clad trade relationship.
The White House had alleged "discriminatory treatment" by Canada against US alcohol, automobile, and dairy products in introducing the duties. They were originally set to take effect on Wednesday, before Trump issued a three-day reprieve citing progress in talks.
Beyond the latest tariffs, the US and Canada still have to agree on revisions to the North American free trade agreement, USMCA, which Trump declined to renew in its current form.
