US imposes 50% tariffs on $20bn worth of Canadian goods after talks fail

2 hours ago 6

Canadian Prime Minister vows retaliatory tariffs “dollar for dollar” following failure to secure a US trade agreement.Published On 22 Aug 202622 Aug 2026The United States has put 50-percent tariffs on about $20bn worth of Canadian goods after trade negotiators from the two countries failed to finalise a trade deal, despite three days of talks in Washington DC.With a deadline imposed by US President Donald Trump expiring at 12:01am Eastern Time (0401 GMT) on Saturday, US and Canadian officials made clear that an agreement had not been reached.Recommended Stories list of 3 itemslist 1 of 3Can China’s new Arctic sea route to Europe replace Middle East chokepoints?list 2 of 3Quebec separatist says no independence referendum while Trump in officelist 3 of 3Canada boosts Lebanon aid to $50m and condemns Israeli ‘unlawful invasion’end of listCanadian Prime Minister Mark Carney said that his country would match the new tariffs “dollar for dollar”.“In recent weeks, we made important progress towards improving Canada’s position as having the best deal in the world with the US,” said Carney in a statement. “However, that progress has not been enough to meet our objectives for Canadians.”Carne...

Read Entire Article






<