Carney: Canada will enact retaliatory US tariffs starting September 8

Canadian Prime Minister Mark Carney has promised to issue retaliatory, “dollar-for-dollar” tariffs after the United States enacted steep new duties on the country.Carney addressed Canadians on Saturday, just hours after the US imposed 50 percent tariffs on nearly $20bn worth of the country’s goods.Recommended Stories list of 3 itemslist 1 of 3US, Canada negotiators race to ink a deal as Trump’s tariff deadline loomslist 2 of 3US imposes 50 percent tariffs on $20bn in Canadian goods after talks faillist 3 of 3How will Trump’s tariffs affect Canada’s economy?end of listThe prime minister promised a “focused response”, beginning September 8, that would level tariffs on US imports like steel, dairy, appliances, agricultural equipment, paper and electronics.“We pursued every opportunity to reach an agreement that protects Canadian workers and their families, that strengthens our economy and that respects Canadian sovereignty,” Carney said. “We take this step reluctantly.”Carney’s remarks come after weeks of uncertainty over whether the tariffs would take effect. The newest import taxes were first announced in July, as part of an ongoing back-and-forth over trade between the two countrie...