Canada says it will match US tariffs 'dollar for dollar' as trade talks break down
- 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".
Sources: Al Jazeera, BBC News