Canada fires back at Trump’s 50% tariffs

The US president imposed unprecedented duties on Canadian goods after Washington and Ottawa failed to reach a deal Ottawa will introduce reciprocal “dollar-for-dollar” measures in response to the 50% tariffs the US has imposed on Canadian goods, Prime Minister Mark Carney said in a statement on Friday, after trade talks with Washington broke down.The latest round of intense negotiations lasted three days and was aimed at wrapping up months of talks between Washington and Ottawa, with mutual tariffs threatening to escalate into an all-out trade war.“Canada will match those tariffs dollar for dollar to protect our workers and businesses,” the statement reads.The prime minister stressed that “last-minute changes in the US-proposed terms were unfair, uneconomic, and called into question the reliability of any deal.”Earlier in the day, the Trump administration invoked Section 338 of the Tariff Act of 1930, a rarely used provision that allows the head of state to impose duties of up to 50% on imports from countries deemed to have subjected US commerce to unequal or discriminatory treatment.The tariffs, which came into effect just after midnight on Saturday and cover about 5% of Canada’s ...