Canada says it will match US tariffs 'dollar for dollar' as trade talks break down
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A fresh wave of US tariffs on a wide array of Canadian goods has come into effect as of midnight on Saturday after a last minute break down in trade talks.
Announcing the suspension of negotiations shortly before the Friday night deadline, Canadian Prime Minister Mark Carney said he would impose reciprocal tariffs on US goods "dollar for dollar".
Carney said "last-minute changes in the US proposed terms were unfair, uneconomic, and called into question the reliability of any deal".
Confirmed
A fresh wave of US tariffs on a wide array of Canadian goods has come into effect as of midnight on Saturday after a last minute break down in trade talks.
Announcing the suspension of negotiations shortly before the Friday night deadline, Canadian Prime Minister Mark Carney said he would impose reciprocal tariffs on US goods "dollar for dollar".
Carney said "last-minute changes in the US proposed terms were unfair, uneconomic, and called into question the reliability of any deal".