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Carney calls U.S. tariffs a trade ‘war’; Canada details Sept. 8 retaliation
Confirmed
We got attacked," Mr Carney told reporters this afternoon after the US said it would impose 50% tariffs on some imports from Canada. Mr Carney said that he had suspended the trade negotiations and would retaliate dollar for dollar, with Canadian tariffs taking effect on 8 September. "In recent days, the U.S. proposed new terms that were uneconomic, unfair, and undermined the net benefits to Canada, calling into question the reliability of any deal," he said, adding these demands included curtailing Canada's ability to forge new trade deals. Canada will impose tariffs on U.S. steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, along with some products the U.S. previously targeted in Canada, Carney said from Ottawa's Parliament building. “In recent weeks, we made important progress toward improving Canada’s position as having the best deal in the world with the US,” said Carney in a statement.
Ottawa prepares new levies on steel, dairy, electronics and other sectors America on Jan. 22 imposed 50% tariffs on some $20 billion of Canadian goods, marking an increase in tensions between U.S. President Donald Trump and Canadian Prime Minister Mark Carney, © Reuters OTTAWA (Reuters) -- Prime Minister Mark Carney said on Saturday that Canada would impose tariffs starting Sept. 8 on imports of U.S. steel, electronics and other products in retaliation for President Donald Trump's 50% tariffs that took effect at midnight. After days of intense negotiations, the two countries did not reach a trade deal late Friday, worsening a delicate relationship between the longtime trade partners and alli
Getty Canadian Prime Minister Mark Carney today slammed what he called a trade "war" launched by the United States after the neighbours failed to reach an agreement, leading to the imposition of stiff US tariffs. "You're at war when you get attacked. We got attacked," Mr Carney told reporters this afternoon after the US said it would impose 50% tariffs on some imports from Canada. A senior US administration official said Section 338 tariffs on about $20 billion (€17bn) worth of Canadian goods would go into effect just after midnight (5am Irish time). Mr Carney said that he had suspended the trade negotiations and would retaliate dollar for dollar, with Canadian tariffs taking effect on 8 Se
What's confirmed
- Canada will impose tariffs on U.S. steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, along with some products the U.S. previously targeted in Canada, Carney said from Ottawa's…
- But Carney said the U.S. administration's last-minute demands halted progress.
- "In recent days, the U.S. proposed new terms that were uneconomic, unfair, and undermined the net benefits to Canada, calling into question the reliability of any deal," he said, adding these demands included…
- We got attacked," Mr Carney told reporters this afternoon after the US said it would impose 50% tariffs on some imports from Canada.
- Mr Carney said that he had suspended the trade negotiations and would retaliate dollar for dollar, with Canadian tariffs taking effect on 8 September.
- Canadian Prime Minister Mark Carney said his country would match the new tariffs “dollar for dollar”.
- “In recent weeks, we made important progress toward improving Canada’s position as having the best deal in the world with the US,” said Carney in a statement.
- “Canada declined to finalise the trade deal under the terms agreed earlier this week,” Greer said.
What's still developing
- Further court action and how much of the order can take effect remain open.
Sources
- Associated Press — U.S. 50% tariffs on about $20 billion in Canadian goods; Canada retaliation from Sept. 8 link
- Reuters via Nikkei Asia — Carney Saturday presser: dollar-for-dollar list, “We got attacked,” Greer says no new talks link
- RTÉ — Carney Saturday trade “war” framing and suspended negotiations link
- Al Jazeera — Overnight tariff entry into force and Canadian retaliation outline link