Canada's Prime Minister Mark Carney announced Saturday that the country will impose reciprocal tariffs on a broad range of American goods beginning September 8, following the US implementation of 50% tariffs on Canadian imports.
Canada will begin imposing retaliatory tariffs on American imports across multiple sectors starting September 8, Prime Minister Mark Carney announced on Saturday. The move comes after the United States implemented 50% tariffs on Canadian goods that took effect from midnight, and represents an escalation in trade tensions between the two neighboring nations.
The announcement followed failed negotiations between Ottawa and Washington that stretched into late Friday. Carney stated from Parliament in Ottawa that Canada could not accept the American offer and would not concede to US demands. The decision marks a significant strain on the relationship between the two long-standing trade partners and allies, with potential implications for the US-Mexico-Canada Agreement, the continental free trade pact that has underpinned trade relations between the nations.
Canada's retaliatory tariffs will target numerous American sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. The measures will also encompass products currently affected by what Canada characterizes as unjustified Section 232 and 338 tariffs imposed by the United States. The scope of the Canadian response reflects the broad impact of the American tariff action on multiple industries north of the border.
