Canada announces retaliatory tariffs to match US 50% levies after talks collapse

Trump Signs Memo To Remove Canadian Goods From US Federal Procurement Authored by Jason G. Antonio via The Epoch Times, U.S. President Donald Trump has signed a memorandum directing the removal of Canadian-origin goods from the federal civil procurement system, following through on a commitment he made earlier this month. President Donald Trump in the Oval Office of the White House in Washington, DC, on July 21, 2026. Saul Loeb / AFP via Getty Images The Sept. 16 memo authorizes the director of the Office of Management and Budget, the United States Trade Representative, and the Federal Acquisition Regulatory Council to "identify and take all steps toward removing or otherwise making non-available for purchase Canadian-origin items in the federal civil procurement system." The memo also directs U.S. Trade Representative Jamieson Greer to monitor "Canada's continued treatment of U.S. origin goods in Canadian government procurement." The action follows Trump's Sept. 8 directive to the General Services Administration (GSA) to remove Canadian-origin products from its Multiple Award Schedules, a government-wide contracting program that manages more than US$50 billion in federal procurement. The GSA schedules give federal agencies access to millions of commercial products and services. "Everyone knows that Canada doesn't let our Great Dairy Farmers sell into the Canadian Market, and that the only reason Canada makes Autos is because of previous disastrous Trade Agreements while other Presidents were in Office," Trump said on social media after issuing the GSA directive. Trump also said Canadian governments, including provincial governments, have "banned American Small Businesses and Companies from selling into their Government Procurement Markets." The procurement measures come amid an escalating trade dispute between the two countries. Canada imposed new counter-tariffs on Sept. 8 covering about US$20 billion in U.S. imports, with rates of 15, 25, and 50 percent. The tariffs target products including steel and aluminum, dairy, appliances, agricultural equipment, pulp and paper, plastics and electronics. The Canadian measures matched U.S. tariffs of 50 percent on about the same value of Canadian products imposed under Section 338 of the Tariff Act of 1930, effective Aug. 22. Canada has also implemented a "Buy Canadian" policy, while all provinces except Alberta have restricted or prohibited the sale of U.S. alcoholic products, or imposed tariffs on them, and have also enacted measures to prioritize Canadian suppliers for government contracts. Since Canada first announced its intention to impose counter-tariffs in response to the new U.S. tariffs that went into force on Aug. 22, Trump also announced new 50 percent tariffs on Canadian vehicles and auto parts beginning in 2027. He also said he would ban the sale of products made by Canadian aviation giant Bombardier in the United States unless they are made in America, and announced new import bans on certain Canadian goods beginning on Sept. 29. Some of the Canadian products banned for U.S. import include most alcoholic products, certain dairy products, and motorcycles. Trump said while visiting Ireland on Sept. 12 that the two countries could have a trade deal "fairly soon," while repeating his criticism of Canada's trade practices. "We actually have a good [relationship] with Canada, but the United States has been ripped off for 50 years by Canada," Trump said. Carney said on Sept. 14 that he welcomes the president's comments that a deal could be reached soon. "We're ready to sit down and negotiate that and move it forward," Carney told Bloomberg. Carney has said that diversifying away from the United States is a priority for his government. "We are building our strength at home and diversifying our partnerships abroad," he said in a speech on Sept. 15. Tyler Durden Fri, 09/18/2026 - 20:55

Manufacturers Set To Move Production Out Of Canada As US Tariffs Hit Hard The circumstances of US/Canadian trade should be common knowledge by now, but the details often get mired in the swamp of political rhetoric.  When Canadian Prime Minister Mark Carney describes the tariff issue as the US "waging war" on Canada, he knows exactly what he's doing.  Carney has turned a simple trade issue over reasonable 10% tariffs into an existential crisis, an invasion, an ethnic cleansing, a last stand against "evil" imperialists.   But getting the Canadian public riled up with delusions that they are underdog insurgents will not help them keep manufacturing companies or domestic jobs.  There is no reason to "endure" a trade war involving 50% tariffs that can be easily solved by simply taking the sweetheart deal that was offered to them.  Carney could easily wait Trump out and try to renegotiate once a new president is elected.  Unless, there's an alternative agenda at play for Carney. Estimates in July on manufacturing losses indicated that 42% of Canadian companies (and some US companies) would be moving at least a portion of their operations to the US to avoid the debilitating tariffs.  Some will be shutting down entirely.  With Carney asserting that negotiations are off the table, this leaves no room for speculation.  Businesses are adjusting operations for the long haul which means skyrocketing job losses for Canada. The latest manufacturers to make announcements are: Aeris Protective Packaging in Montreal: The company says it is opening a U.S. plant after 50% U.S. tariffs on paper and packing containers. About 70% of its customers are in the U.S. It plans to keep some manufacturing in Quebec and Ontario for Canadian, European, and Mexican customers. Sapporo/Sleeman Breweries:  Sapporo says it will move production of beer made in Canada for the U.S. market to the United States by the first half of 2027, citing 50% tariffs on Canadian beer. Sleeman later said the move is “not finalized”. Most beer sold in Canada would still be brewed in Canada.    RYAM (Rayonier Advanced Materials) in Témiscaming, Quebec:  The US-owned paperboard mill announced an indefinite temporary shutdown, blaming 50% U.S. tariffs. About 400–425 workers were affected. The stop was first set for mid-September, then postponed to October 3rd after new Canadian orders. The company has not given a restart date.  Stellantis - Brampton Assembly (Ontario):   In mid-August 2026 the company told Unifor it was opening talks on a possible sale of the idle Brampton plant (idled since late 2023 after Jeep Compass production was moved to the U.S.). Stellantis had plans to reopen the mothballed site, but they backed out after the trade war with the US went parabolic.   Northern Cable (Brockville, Ontario):  An August 2026 report says the firm is considering a U.S. factory if 50% tariffs on electric cable take effect, because half of the company's business is in the United States.   Some companies have already move production to the US, including Crown Royale which moved its bottling plant to Alabama in April. A Reuters/LSEG poll of economists originally predicted Canada would add 15,000 jobs in August 2026.  Instead, the country lost 42,000 jobs; that's a 57,000 job disparity.  Canadian economists are treating the forecast miss as an anomaly, however, it is likely that the decline in jobs will escalate through the end of the year unless a deal between the US and Canada is struck.   If Carney's intention is to use economic hysteria as a tool to help Democrats win during the US midterm elections, then there's no chance of a deal before the end of the year.  Canadians will continue into winter with the threat of rising unemployment and much higher prices.  Canada relies on the US for 78% of all export sales and there are no practical trade alternatives.  A similar but smarter base case is Mexico, which sells around 84% of all their exports to American markets.  The difference?  The Mexican government has avoided arrogant jousting with the US and is engaging in fair negotiations (so far).  They are also showing more cooperation to meet the Trump Administration's demands on securing the southern border.  In other words, they didn't abandon negotiations at the last minute like Carney, and this has helped Mexico to avoid punishing tariffs and job losses.  Whatever Carney's intentions, it's clear that average Canadians will be paying the price for the Prime Minister's lack of diplomacy.   Tyler Durden Tue, 09/15/2026 - 15:40

US President Donald Trump on Saturday said Canada was keen to strike a trade deal with Washington and that an agreement could come “fairly soon”, even as the trade conflict has pushed Canadian consumers and retailers to actively reduce their dependence on American products.“Canada wants to make a deal very badly,” Trump told reporters after a meeting with Irish Prime Minister Micheál Martin in Dublin.He reiterated his complaints over Canada's treatment of US farmers, saying Ottawa would have to remove tariffs. “Canada has to treat our farmers better. They can't charge our farmers tariffs,” he said, adding: “You'll probably see a deal with Canada fairly soon.”The comments come at a particularly sensitive moment in the economic relationship between the two neighbours. A prolonged trade war has begun reshaping not just bilateral trade flows but consumer behaviour and supply chains inside Canada, where a growing “Buy Canadian” movement has prompted shoppers to boycott U.S. goods and supermarkets to make country-of-origin labels more prominent.Trump’s suggestion of a possible breakthrough in negotiations comes after weeks of sensitive trade ties that have begun to leave a more lasting mark on Canada's consumer market. Even if a deal eases tariffs, Canadian grocers and suppliers are increasingly building alternatives to U.S. products, potentially making some of the trade shifts harder to reverse.The consumer backlash has become increasingly visible in Canadian supermarkets.In Ontario, Giancarlo Trimarchi, president of independent grocer Vince's Market, said his four stores in the Greater Toronto Area now source about 90% of their produce from Canada after customers expressed anger over the presence of American products.The grocer has begun sourcing strawberries from Quebec instead of the U.S., although the shift has increased pressure on operating costs and forced cuts in its advertising budget.“We were always put in a position where you had to balance quality versus price. Now it's quality versus price versus country of origin,” Trimarchi said.The “Buy Canadian” movement began gaining momentum after Trump imposed tariffs on Canadian goods early last year. The sentiment intensified in recent weeks after trade talks broke down and Trump signed an executive order renaming Lake Ontario as Lake America.Trade negotiations between the two countries broke down on August 21, triggering another round of tariffs and counter-tariffs.(With inputs from Reuters)

US President Donald Trump on Tuesday escalated his trade war against Canada, banning imports of alcohol and various products and raising tariffs on others, with the conflict showing no sign of abating. Canadian Prime Minister Mark Carney stood firm, acknowledging that reducing economic ties with the United States would come at a cost but saying the benefits would outweigh the pain. A range of Canadian products, from mattresses to motorboats and golf carts, will be subject to a 50 per cent surcharge beginning September 15, according to Trump’s executive order issued late on Tuesday. The import ban, which targets various alcoholic beverages as well as some dairy products like whey, will come into effect on September 29, according to other executive orders issued at the same time. Canada’s retaliatory tariffs came into effect earlier on Tuesday, applying to $20 billion in US imports, including steel and aluminium products and dairy goods such as cheese, in response to duties announced by Washington on August 22. Canada has “everything we need to pivot and prosper”, Carney said in a video address. “That pivot will come at a cost. There’s always a cost to action. But it doesn’t come close to the cost of standing still.” ‘Discriminatory treatment’ Responding to the latest Canadian levies, Trump pledged to restrict Canadian companies from securing US government contracts. In a social media post earlier on Tuesday, Trump said he was directing officials “to remove Canadian-origin products from GSA’s Multiple Award Schedules,” referring to a General Services Administration program for long-term contracts. — Screengrab via Truth Social Contracts through such schedules account for more than $50 billion a year, Trump added. On Monday, Trump threatened to try to block sales of Canada’s Bombardier Aviation unless the Quebec-based plane maker moves manufacturing to the United States. In response, the aerospace company pointed to its creation of tens of thousands of jobs across the United States, with direct employment in more than 20 states, including Kansas, Texas, Arizona, and California. The two Republican senators representing Kansas said they had conveyed their concerns to the White House. “I’m going to fight to keep Bombardier’s more than 1,200 Kansas jobs. I’ve already taken that concern inside the Oval Office,” Senator Roger Marshall posted on X, with similar comments posted by Senator Jerry Moran. US tariffs pose a modestly negative risk to Canada’s overall economy, but analysts note that they have a sharper impact on central Canada’s manufacturing sector. ‘Lake America’ “I don’t believe in escalating the conflict. That’s not constructive,” Carney said in his video statement on Tuesday. “But our tariffs are necessary to protect our workers, protect our companies, and protect our communities. “This is about who we are as Canadians.” Reacting to Trump’s move, Canada’s minister in charge of trade with the United States, Dominic LeBlanc, said late on Tuesday that Ottawa was “assessing the latest tariff measures”. Negotiations between the two sides broke down on August 21 after days of meetings in Washington. At the time, Carney said US negotiators had introduced restrictions on Canadian trade deals with other countries at the eleventh hour, as well as unacceptable “threats” to the French language and “Quebec culture”. Ottawa and Washington have not resumed talks since. On Sunday, Trump posted an illustration of himself towering over Carney as they played ice hockey, with Trump saying, “Get up, governor,” a reference to his determination to turn Canada into another US state. Trump also signed an order in August to rename Lake Ontario, on the border with Canada, as “Lake America,” sparking fury in Canada amid a broader wave of patriotism triggered by the US president’s hostility. Although Carney is backed by Canadian public opinion, his country remains reliant on its neighbour. Nearly 60pc of Canada’s imports come from the United States, and about 70pc of its exports go to the US market. To help businesses and workers, Canada’s government has unveiled an aid package worth $5.4bn.

Canada's Counter-Tariffs Take Effect As Trump Targets Bombardier And Midterm Battlegrounds Canada's retaliatory tariffs on U.S. goods took effect at 12:01 a.m. Tuesday - raising duties of 15%, 25%, and 50% on hundreds of American products after last month's collapse of bilateral talks. Ottawa says the package matches the United States "dollar for dollar, rate for rate." Finance Canada values the covered U.S. imports at $27.6 billion; some U.S. accounts put the figure nearer $20 billion. Either way, it is a small share of total two-way trade - and a large share of the political risk. GEOFF ROBINS/AFP/Getty Images The list is drawn from goods already hit by U.S. Section 338 and Section 232 tariffs. Section 338, a long-dormant provision of the Tariff Act of 1930, had not previously been used by a president to impose duties; Trump invoked it in July to levy 50% on selected Canadian goods after talks failed, and those U.S. duties took effect August 22. Canada's matching rates now apply as follows: 50% on most steel and aluminum products (up from an earlier 25% Canadian counter-duty), plus furniture and clothing; 25% on appliances, dairy including cheese, and some metal derivatives; 15% on selected electronics, tools, and machinery. Goods already in transit when the rules took effect are exempt. The surtaxes apply to U.S.-origin goods under Canadian marking rules, not merely to shipments that happen to cross the border. Seafood and fish were on Ottawa's original list at 25% but were pulled on August 27 after warnings from Canada's Atlantic processors and Maine's lobster industry. About half of Maine's fall catch is processed in New Brunswick; a tariff on those lobsters would have hit both sides. Finance Canada called the change "select adjustments... based on feedback" while adding other items, including copper wire and charcoal, to keep the dollar-for-dollar total. Sen. Susan Collins (R-ME) applauded the retreat - evidence that the targeting was political, and that it can be walked back when the politics cut the wrong way. Prime Minister Mark Carney has framed the response as measured but non-negotiable. Canadian officials have described the country as under economic assault and have pledged not to match every rhetorical escalation. The practical strategy is twofold: impose a politically targeted list at home, and shop for other markets abroad. Why Michigan and Ohio matter more than the headline total Heading into November midterms, Canada's new tariffs are designed to land in states that do a high volume of business with Canada, and which have competitive races. Ohio shipped the largest dollar volume of newly covered goods. Michigan, Indiana, Pennsylvania, and Wisconsin follow close behind. Michigan sends roughly a third of its merchandise exports to Canada; auto parts often cross the Detroit-Windsor corridor more than once before a vehicle is finished. The new Gordie Howe International Bridge was meant to ease that flow. It now sits at the center of a fight over who pays the tariff. Those same industrial states host competitive House and Senate races. Michigan's Senate contest between Republican Mike Rogers and Democrat Abdul El-Sayed is one of several Great Lakes races that will test whether tariff costs show up at the ballot box; it is not the only possible pivot for Senate control. Ohio's Republican-held Senate seat is also in play. Canadian ministers have said openly that the product list was chosen to concentrate pressure where U.S. politics would feel it. Industry Minister Mélanie Joly, at the August announcement, said Canada was "targeting products that will target states in the U.S." and added: "we're being wise and strategic to put political pressure. And that's why we think it's the right thing to do right now." Trade groups on both sides warn that the first-round dollar amounts understate the damage. Integrated supply chains mean a duty on steel, parts, or appliances shows up as higher costs for factories and households on both sides of the border. Brad Wood, senior director for trade and innovation at the National Foreign Trade Council, called the cycle "bad for Canadian businesses and consumers, and bad for American businesses and consumers," and said each new layer is another barrier the two governments will eventually have to unwind. Trump's next pressure points: autos, Bombardier, and Lake America Washington has not treated Canada's move as the last word. President Trump has already threatened higher auto tariffs in 2027 and, last week, floated cutting off bilateral trade altogether. On Sunday he attacked what he called Canada's "dollar imbalance." Hours before the Canadian tariffs took effect, Trump turned to Bombardier. In a Truth Social post he declared "NO MORE SELLING BOMBARDIER IN THE UNITED STATES," called the company's products "not good enough," and said that if it wants the U.S. market it "must build here." He closed with a list of commands: buy American, fly American airliners, drink American liquor, and "SAIL ON LAKE AMERICA." Bombardier did not answer the president by name. It noted that aerospace is a major U.S. export industry, that it builds wings and other components in California and Texas, and that it supports tens of thousands of American jobs through plants and a supply chain spanning dozens of states. About 55% of its 2025 revenue came from U.S. customers. The White House has not said how a sales ban would be enforced on aircraft already certified by the FAA. The Bombardier fight is not new. Trump threatened decertification and a 50% aircraft tariff earlier this year over Gulfstream certification in Canada. Ottawa later certified several Gulfstream models. In 2018 a first-term Commerce Department case against Bombardier airliners produced a huge preliminary duty that the U.S. International Trade Commission later rejected. Trump has also rewritten the map. On August 27 he signed an executive order directing the Interior Department to update geographic systems immediately from Lake Ontario to Lake America; Great Lakes placards went up in the Oval Office.  Carney hit back, saying "We know that America is changing. Their trading relationships, their foreign policies, their national monuments, their hydronyms. Canadians also know that naming reality means calling it Lake Ontario - then, now and always." Supreme Tariff Tiff Canada aside - on February 20, the Supreme Court ruled 6-3 that Trump could not use the International Emergency Economic Powers Act (IEEPA) to impose his sweeping "reciprocal" and emergency tariffs. Chief Justice John Roberts wrote that IEEPA contains no reference to tariffs and that no prior president had read such a power into the statute. Section 232 metal tariffs were left standing. The administration has since rebuilt parts of the program under other authorities, including Section 338 for Canada and a forthcoming roster of duties against other countries accused of "excess capacity" and persistent surpluses with the United States. Trump has also threatened to block trade with countries that export more to the United States than they import. A consumer-price report due this week will test how much earlier tariff rounds have already fed inflation. Ottawa's hedge: Europe, and a quiet channel to Beijing Carney will attend Ursula von der Leyen's State of the Union address in Strasbourg on September 16 and speak to the European Parliament on September 17 - the first foreign head of government invited into that ritual. He has said Canada will open "intense discussions" this fall on a deeper economic and security partnership with the EU, already its second-largest trading partner under CETA. In parallel, Canadian and Chinese defence officials held a coordination dialogue on September 4, the first such formal talks in more than eight years. Beijing announced the meeting; Ottawa later confirmed working-level military-to-military contact. The optics - reopening a channel closed after the 2018 detentions of two Canadians, while NATO and EU ties remain the stated priority - have already drawn criticism at home. The immediate economic hit from Tuesday's list is limited by design. The larger question is whether a two-month window before U.S. midterms produces a deal or another round. Tyler Durden Tue, 09/08/2026 - 10:30

Canada has imposed tariffs of 15% to 50% on hundreds of products from the US on Tuesday, as Prime Minister Mark Carney bets that standing up to President Donald Trump will eventually help Ottawa's negotiating position with its biggest trading partner. Carney's government increased the import tax on many US steel items to 50% from 25%, and applied tariffs to a range of consumer goods including motorcycles, cosmetics and cheese. The measure will hit US exporters particularly hard in states such as Michigan and Ohio that do a lot business with Canada and host heated races in November's midterm elections. Our Trade Tsar Brendan Murray joins Stephen Carroll and Caroline Hepker on Bloomberg Radio to discuss. (Source: Bloomberg)

Canada’s retaliatory tariffs on US goods took effect just after midnight on Tuesday as Prime Minister Mark Carney increased economic pressure on his country’s biggest trading partner after negotiations collapsed last month, intensifying an 18-month-old trade war. The counter-tariffs cover $20 billion of US goods, with duties ranging from 15 per cent to 50pc across products from steel and furniture to clothing and electronics. The dollar-for-dollar retaliation marks an escalation in the dispute between the neighbouring countries, and US and Canadian officials have traded blame for scuttling a deal that seemed close to fruition two weeks ago. The rising tensions create uncertainty about the broader US-Mexico-Canada free trade agreement, which is up for annual reviews after US President Donald Trump declined to extend it for another decade. “What we are worried about is an escalatory spiral,” said Michael Harvey, executive director of the Canadian Agri-Food Trade Alliance and a member of Carney’s advisory committee on bilateral US economic relations. “But at the same time, we totally understand that the prime minister needs to find areas of leverage,” Harvey said. US tariffs hit Canadian wine, furniture, dairy Trump’s tariffs implemented last month hit sectors including wine, furniture, dairy products, cement, clothing, fishing rods and hockey equipment, covering $20 billion, or 5pc, of Canadian exports to the US. According to Canadian and US government data, Canada has shipped almost 68pc of total exports to the US this year, out of which roughly 80pc moved duty-free due to exemptions under the USMCA pact. Protections under the agreement have provided the domestic economy some resilience. The new tariffs, imposed under a Depression-era US law, do not allow Ottawa to exercise USMCA exemptions. Concerns about the USMCA’s future have fuelled uncertainty about investment and growth, as Canada wages a trade war against an economy 13 times its size. Polls show Carney has broad support from Canadians, but it could disappear within months as the consequences of the trade war sink in, according to political analysts. Just 20pc of Americans approved of Trump’s tariffs on Canadian goods, a Reuters/Ipsos poll found. Carney said last week his government was ready to sign a trade deal that benefits both countries. Trump threatened last month to raise US tariffs on all cars, trucks and automotive parts from Canada to 50pc starting January 1, and signed an executive order renaming Lake Ontario as Lake America. A government source said there are currently no talks between the two sides among ministers or government officials. “The Canadian government needs to keep channels open to the United States and not go overboard in terms of rhetoric and reacting to the rhetoric from the American side, while waiting for the American decision-making process to come back to economics,” Harvey said.

TORONTO — Canada struck back at U.S. President Donald Trump on Tuesday with tariffs on about $20 billion worth of U.S. goods, in response to the latest round of tariffs on Canada. The outcome could resonate far beyond Canada, showing other governments whether a smaller U.S. ally can withstand Trump’s economic pressure. Canadian Prime Minister Mark Carney says U.S. demands could hollow out key Canadian industries and limit the country’s independence, while Trump’s threats to Canadian sovereignty have rallied the public behind him. “Carney and Canada have become symbolic of resistance to him,” Canadian historian Robert Bothwell said. “And what he’ll want to do is make an example of Carney and Canada and theoretically terrify everybody else while in fact showing them that they need to remove themselves even further from the United States.” The tariffs hit hundreds of American products, including steel, aluminum, cheese, appliances, clothing, cosmetics and farm equipment, at rates of 15 percent, 25 percent or 50 percent. Here’s what to know. Canada retaliates with tariffs o

Canada's Tariff Strategy Designed To Interfere With U.S. Midterm Elections Late last month, Canadian Prime Minister Mark Carney walked away from a trade deal with the United States. According to Treasury Secretary Scott Bessent, Canada was "offered the best trade deal of any country on the globe," but Carney abandoned the deal "at the last minute." According to the White House, "the U.S. offered Canada the most preferential market access of any country on Earth, with deep cuts on steel, aluminum, autos, lumber, and more. Instead of partnership, Canada chose unreasonable demands, walk-backs, and flat-out rejection." Canada responded with retaliation rather than negotiation, becoming the only other country besides China to do so. And the reason is that Canada is trying to influence the 2026 midterm elections in the United States. After the trade negotiations failed, Canadian officials announced that tariffs of up to 50% will hit roughly 700 American products starting September 8, covering close to $20 billion in goods, about 7% of everything Canada imports from the United States. The rates range from 15% to 50%, and tariffs on American steel and aluminum will double from 25% to 50%. This was a targeted economic strike meant to hit key states before the midterm elections. Ottawa has barely bothered to deny it. Canadian Industry Minister Mélanie Joly said the tariffs were built to apply political pressure on specific states, telling reporters: "We are also targeting products that can target specific states in the United States. We are being smart and strategic in order to apply political pressure, and I think it's the right thing to do right now." Asked directly about the political intent by the Canadian Broadcasting Corp., Joly did not walk it back: "We are putting pressure clearly on different states and different people. We don't want to do that. We don't want this trade war. We didn't start it." The target list reads like a midterm map. Cheese products from Wisconsin. Washers and dryers from Kentucky, where GE Appliances is a major employer. Steel, aluminum and auto parts from Michigan. The Wall Street Journal reported that Canadian officials designed the package to protect domestic industry and to "sting President Trump and his Republican Party" heading into November. "The states that are most reliant on Canada as an export market are often the northern-tier states - Maine, Michigan, Minnesota, Wisconsin, New Hampshire," Ed Gresser told the Wall Street Journal. He argued that Canada is "trying to show the Republican party that there's a systemic cost to doing this sort of thing." Trade consultant Eric Miller, who heads the Washington-based Rideau Potomac Strategy Group, said Canada picked targets with available substitutes, either domestic production or imports from Mexico and China, items like air conditioners and appliances, while simultaneously hitting producers in swing states and reliably Republican territory. Nowhere was the targeting clearer than Maine, and nowhere did it collapse faster. Ottawa's original list carried a 25% tariff on American lobster, set to bite during the fall season when roughly half of Maine's catch goes to Canadian processors. Sen. Susan Collins (R-ME), facing re-election in November, had already warned that the trade war would hurt her state. The Maine Lobstermen's Association warned on Aug. 26 that the duty would land at the worst possible moment for an industry running on thin margins. One day later, Canada removed seafood and fish products from the list entirely, citing "select adjustments" made "based on feedback" while insisting it was maintaining a dollar-for-dollar response. Collins applauded the reversal. Ottawa aimed at a vulnerable Republican senator's most iconic industry, took one day of political heat from that state, and backed off - which tells you the aim was never really about lobster. The rest of the list is still standing. Desjardins Capital Markets economist Royce Mendes estimates that the tariffs could add about 0.2 percentage points to Canadian inflation, already near 3%. The central bank is already managing higher energy costs and the risk of a slowdown, which makes this move extremely complicated for Canada, and, according to Corpay chief market strategist Karl Schamotta, Canada's strategy may backfire. "An intensified trade war will hurt the country more than the U.S.," Schamotta explained. "Countertariffs will not help. In Canada, just as in the U.S., they are effectively taxes on domestic consumption. They raise the cost of living while doing little to shift trade balances or improve overall economic welfare." Tyler Durden Mon, 09/07/2026 - 16:30

Canada is poised to impose tariffs of 15 per cent to 50 per cent on hundreds of products from the US on Tuesday, as Prime Minister Mark Carney bets that standing up to US President Donald Trump will eventually help Ottawa’s negotiating position with its biggest trading partner. Barring a last-minute reprieve, Carney’s government will increase the import tax on many US steel items to 50 per cent from 25 per cent and apply tariffs to a range of consumer items – motorcycles, cosmetics, cheese and...

Monday is the last day before Canada's "dollar for dollar" retaliatory tariffs are set to go into effect, two weeks after President Trump put 50 percent levies on $27.6 billion worth of Canadian products. There have not been reports of renewed negotiations between the two countries. “Canada’s Dollar imbalance with the U.S. is unacceptable,” Trump...

The US and Canada appear to be headed for a prolonged trade standoff, with no current negotiations and Canadian officials expecting serious talks may not resume until after the US midterm elections. Bloomberg News White House Correspondent Jeff Mason and Bloomberg News Executive Editor for Canada Derek Decloet are on Bloomberg This Weekend with Christina Ruffini and Bailey Lipschultz to discuss the economic pain on both sides of the border, Canada’s push to diversify its trade and whether Prime Minister Mark Carney’s resistance to President Donald Trump could influence how other US allies respond. (Source: Bloomberg)

TOPSHOT - Canadian Prime Minister Mark Carney speaks at a press conference in Ottawa, Ontario, on Aug. 22, 2026, after trade talks with the U.S. collapsed. Carney said his country could not accept U.S. terms for a trade deal, and would slap retaliatory tariffs on steel and dairy products in response to heavy duties imposed by Washington. "We cannot accept what they've offered, and we will not give what they've asked," Carney said in remarks on the failed negotiations, adding that Ottawa's new trade measures would take effect on Sept. 8.Six months after starting a real war he cannot figure out how to get out of, President Donald Trump has started another, potentially equally disastrous conflict: a trade war with America’s neighbour and second-largest partner.And just as Iran is showing little interest in helping Trump out of his bind by agreeing to a face-saving deal that would let him claim victory, Canadian Prime Minister Mark Carney is uninterested in letting Trump back away from the fight he began within weeks of returning to office.Indeed, when Trump declared that he would impose even more tariffs on Canadian goods starting in January – two months after the midterm elections – Carney upped the ante and said no: His retaliatory tariffs would begin the day after Labor Day, the traditional start of the fall election campaign season.“You’re at war when you’re attacked, and we got attacked,” Carney said in a weekend press conference explaining why he broke off trade negotiations.He then said out loud what many US allies have believed for two years: that the United States under Trump is no longer a trustworthy partner. “We recognise that sometimes its signature was written in pencil.”Trump’s new tariffs on a hodgepodge of goods from Canada will raise prices for US consumers even further in the run-up to the November elections, while Canadian tariffs will hurt US exporters who count on that business. Trump has also upped his volume of insults against Canada, claiming, for example, that he will rename Lake Ontario as Lake America.Scott Lincicome, a trade analyst at the Cato Institute, said Trump chose to tangle with someone whose country is fully behind him.“He’s a smart guy and it helps a lot that Canadians overwhelmingly hate Trump and will endure significant trade war pain to fight him,” he said.Carney is not the first leader to say no to Trump. Mexican president Claudia Sheinbaum has rejected Trump’s demand to let him use US troops against suspected drug dealers in Mexico, criticised the weapons pipeline that sees high-powered guns enter her nation illegally from the US and stood up for Cuba as Trump effectively imposed a blockade — but has done these things relatively quietly.Danish prime minister Mette Frederiksen has similarly refused to countenance Trump’s demand that her nation turn over Greenland.Italian prime minister Giorgia Meloni essentially called Trump a liar when he claimed she had begged to be photographed with him, while French president Emmanuel Macron chastised Trump for constantly saying contradictory things about Iran, even advising him to remain silent once in a while.Carney ― whose doctorate in economics and former directorship at two central banks stand in stark contrast with Trump’s casino-bankrupting history in business ― is the first leader of a close ally to confront Trump head-on in a major dispute.At that press conference, he pointed out a fact that has gotten glossed over in virtually all discussion of Trump’s tariffs against Canada since he retook office: they violate the 2020 congressionally-approved free trade update that Trump continually boasted about at the time.“That’s the thing: We have a deal with the Americans. It’s called CUSMA,” he said, referring to what the US calls the United States-Mexico-Canada Agreement, essentially a renaming of the 1994 North American Free Trade Agreement.“We have side letters that clarify behaviour in steel, in aluminum, in autos. All of those are being violated, day in, day out.”Trump does not, in his public comments, explain how Canada is cheating the United States under a trade agreement that he himself negotiated and signed. His White House press office said he is permitted under the agreement to impose tariffs on Canada to address emergencies and national security concerns, although it is unclear how Canada is causing either.As with so many other things, Trump’s decision to act against Canada is rooted in his profound ignorance, in this case his longstanding inability to understand how international trade works.For decades, Trump has claimed, falsely, that countries that sell more products to the United States than buy from the US are “ripping off” Americans. He further conflates trade deficits with the US budget deficit.Trump’s first-term national security adviser, John Bolton, who, like many of Trump’s critics, has been criminally prosecuted by Trump’s Department of Justice, said the true workings of trade and tariffs were explained to Trump by experts in his own administration. “Many times,” he said.Trump nevertheless repeated his falsehood again on Wednesday in a podcast appearance.“We lose $60 billion a year, and really more than that, $60 billion a year with Canada,” he told former Fox News host Glenn Beck.That view ignores the reality that Americans use and benefit from lumber, aluminium, maple syrup and other products they pay for. The trade imbalance, according to economists, is as meaningful as a typical family’s “trade deficit” each year with their neighbourhood grocery store.Carney, in his news conference, told reporters that even by that metric, Trump is wrong because he fails to include services provided to Canadians by US companies that generate a net trade surplus for the United States. He further pointed out that much of the imports coming from Canada are natural gas, electricity and the heavy crude needed by many Texas refineries.“I don’t think they want us to stop sending any of that energy,” he said.That Carney has emerged as Trump’s biggest antagonist among traditional allies is perhaps unsurprising, given that his Liberal Party unexpectedly retained power in 2025 thanks to anti-Trump backlash among the Canadian populace after he returned to office and began talking about annexing Canada as the 51st state.Carney provided a hint of where he stood in his speech at the World Economic Forum in Davos, Switzerland, early this year.“If great powers abandon even the pretense of rules and values for the unhindered pursuit of their power and interests, the gains from transactionalism will become harder to replicate,” he warned, clearly referring to the United States without ever mentioning Trump by name. “Hegemons cannot continually monetize their relationships.”The end result of Trump’s tariff attacks and Carney’s retaliation is that residents in both countries will suffer, Bolton said.“This is just going to hurt both economies. Trump raises taxes on Americans and Carney retaliates by raising taxes on Canadians,” he said.

WASHINGTON: US President Donald Trump said ​on Wednesday that it was "time ​to teach Canada you can't do this anymore," just ​days after trade talks between the neighboring countries broke down."I had a deal, that was a pretty good deal, you know, quite good," Trump told Glenn Beck in an interview. "They ‌don't have ⁠anything ⁠that we have to have, okay, we can get by. I mean, there are a ​couple of things that would make it a little inconvenient, but we can get them ​elsewhere. And it's time to teach Canada you can't do this anymore."Trump imposed new 50% tariffs on $20 billion of Canadian imports on Saturday after talks between ​the two countries collapsed.Canada hit back on Tuesday ⁠with retaliatory ‌tariffs on about $20 billion worth of U.S. annual imports ​and rolled ​out aid for businesses and workers, matching Washington's latest duties ⁠dollar for dollar. They take effect on September 8.Trump ​also announced 50% tariffs on Canadian autos and parts ​that will take effect on January 1. Canada has said that the U.S. refused to extend tariff relief to medium- and heavy-duty vehicles as one reason it did not reach an agreement.The Canadian Embassy in Washington did not immediately comment on Wednesday.White House adviser Peter Navarro predicted on Wednesday ‌that the deal Canada will ultimately strike with the U.S. will be worse than what was offered last week."It just ​is not ​going to end well ⁠for Canada and I predict that the deal you got, that you turned your nose up, you're never going to get that deal again," Navarro said ​on C-SPAN. "Whatever you get is going to be less than that."Navarro added that the U.S. deal offered to Canada "made me uncomfortable" given how advantageous he thought it was for the U.S.' northern neighbor."There's no way economically they should have turned it down," Navarro said.

WASHINGTON — U.S. President Donald Trump said on Wednesday that it was "time to teach Canada you can't do this anymore," just days after trade talks between the neighboring countries broke down. "I had a deal, that was a pretty good deal, you know, quite good," Trump told Glenn Beck in an interview. "They don't have anything that we have to have, okay, we can get by. I mean, there are a couple of things that would make it a little inconvenient, but we can get them elsewhere. And it's time to teach Canada you can't do this anymore." Trump imposed new 50 percent tariffs on $20 billion of Canadian imports on Saturday after talks between the two countries collapsed. Canada hit back on Tuesday with retaliatory tariffs on about $20 billion worth of U.S. annual imports and rolled out aid for businesses and workers, matching Washington's latest duties dollar for dollar. They take effect on September 8. Trump also announced 50 percent tariffs on Canadian autos and parts that will take effect on January 1. Canada has said that the U.S. refused to extend tariff relief to medium- and heavy-duty v

The US is considering further trade measures against Canada after Prime Minister Mark Carney announced retaliatory tariffs matching the value of new American duties, escalating an already tense relationship between the two countries.According to a report by Bloomberg citing a White House official, the administration was examining additional tariffs and other trade actions in response to Canada’s latest measures. The official said an administration response was expected.President Donald Trump has already threatened to raise tariffs on Canadian automobiles to 50% and impose duties on auto parts from January 1. The latest escalation follows the collapse of trade discussions between Trump and Carney late last week.Canada Hits Back At Trump With Up To 50% Retaliatory Tariffs On 700+ US Goods Worth CAD 27.6 Billion | Video The US subsequently imposed 50% tariffs on around $20 billion worth of Canadian goods under Section 338 of the 1930 Tariff Act, a provision that had not previously been used.Canada announces matching counter-tariffsCanada responded by announcing 50% tariffs on US steel and aluminium, along with duties on American milk, furniture, clothing, video-game consoles, smartphones and other electronic products. The measures, scheduled to begin on September 8, will cover approximately $20 billion of annual US exports to Canada.The move represents a major shift in Carney’s strategy. Unlike his predecessor Justin Trudeau, who quickly introduced broad counter-tariffs during the earlier trade dispute, Carney had previously removed several retaliatory measures and made concessions in an effort to improve relations with Washington.The latest Canadian tariffs could disproportionately affect exports from Ohio, Illinois, Pennsylvania, Michigan and California. This could create a political challenge for Trump and Republicans, particularly in Michigan and Pennsylvania, where Democrats are seeking gains in the upcoming midterm elections.The escalating dispute also risks increasing costs for businesses and consumers on both sides of the border, while further straining one of the world's most integrated trading relationships.

Ottawa: Canada has announced retaliatory tariffs on more than 700 US goods worth CAD 27.6 billion (about USD 20 billion), matching the US' 50 per cent tariff on Canadian goods that took effect on August 22, Francois-Philippe Champagne, the Minister of Industry and Minister said on Tuesday (local time).❗Canada FIRES BACK at US with +$27B in TARIFFS on American Goods'Effective Sept 8th, Canada will impose counter-tariffs of up to 15%, 25% or 50% on $27.6 billion of imports from the US' — Canadian Fin Min Champagne pic.twitter.com/auY8mkM1oC— RT Intl (@RT_on_X) August 25, 2026 According to Canada's Finance Ministry, "Goods subject to 25 per cent tariffs include appliances, dairy products, such as cheese, fish and seafood, and certain steel and aluminum derivative products."Also, the 50 per cent counter tariffs apply to steel and aluminium products that were previously subject to a 25 per cent tariff, as well as furniture, clothing and apparel."Effective September 8, Canada will impose counter-tariffs of 15, 25 and 50 per cent on products drawn from those targeted by U.S. Section 338 and Section 232 tariffs, with the rate for each product matching the corresponding U.S. rate," the statement reads.$7.5 billion in new support for Canadian workers and businesses hit by U.S. tariffs. Liquidity for businesses. Support for affected sectors. Income support and retraining for workers. We are protecting Canadians today and building a stronger, more diversified economy for… pic.twitter.com/UJh5YQiBGz— François-Philippe Champagne (FPC) (@FP_Champagne) August 25, 2026 The United States imposed tariffs on about USD 20 billion worth of Canadian imports following the failure of trade talks, affecting around five per cent of Canada's exports to the US.US President Donald Trump further escalated the trade dispute on Monday (local time), announcing that tariffs on Canadian cars, trucks, automotive parts and steel imports would rise to 50 per cent from January 2027.LIVE: Tariff response • EN DIRECT : Réponse aux droits de douane https://t.co/SnPqfMUDgJ— François-Philippe Champagne (FPC) (@FP_Champagne) August 25, 2026 In response, the Canadian federal government announced retaliatory tariffs on US goods, along with a CAD 7.5-billion assistance package for domestic businesses and workers. As per the release, the assistance package includes CAD 1.5 billion for small and medium-sized businesses through the Regional Tariff Response Initiative, CAD 500 million in new liquidity support under the Business Development Bank of Canada's Pivot to Grow programme, and CAD 2 billion through the Canada Strong Diversification Fund for tariff-affected businesses.It also provides CAD 3.5 billion in rapid-response support for workers and employers.In addition to the announced counter tariffs, the government is also introducing a $7.5 billion package of new and enhanced measures to support Canadian workers and businesses impacted by U.S. tariffs.Details: https://t.co/sMhLf6ZJsJ pic.twitter.com/yjWenkJCQ0— Finance Canada (@FinanceCanada) August 25, 2026 As per Canadian Finance Minister Francois-Philippe Champagne, the reciprocal tariffs and multi-billion-dollar support package would help protect workers, farmers, families and businesses."US proposed new terms that were not in Canada's best interest, basically, asking too much of Canada, and offering too little in return. Canada therefore suspended negotiations rather than accepting a bad deal that would undermine Canadian workers, businesses, strategic sectors, and our national interest," Canada's Department of Finance said in a release.(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

Trade talks between the US and Canada came to a halt over the weekend with new US tariffs going into effect. Now Canada has responded with counter-tariffs. Mathieu Dion explains what this all means (Source: Bloomberg)

Toronto: Canada struck back at the United States on Tuesday with retaliatory tariffs on about USD 20 billion worth of American goods, including steel, dairy products, appliances and farm equipment, as the trade war between the once-friendly neighbours escalated sharply.The tension threatened one of the world's largest trading relationships. The new tariffs extended well beyond industrial goods, hitting everyday purchases such as seafood, cheese, clothing, cosmetics and toilet paper, with some facing duties as high as 50 per cent.Canada Retaliates Against USCanada's retaliation came after the Trump administration imposed 50 per cent tariffs over the weekend on Canadian goods following the collapse of trade negotiations.Canadian Prime Minister Mark Carney accused Washington of trying to subordinate Canada and said US demands during the failed talks showed that Americans wanted to “destroy our major industries".Ukraine Opens Its 'Avengers' AI Battlefield Database To UK Amid War With RussiaPresident Donald Trump intensified the confrontation Monday, telling Canadian leaders to “fall in line” or face consequences “far WORSE” than existing tariffs and threatening new 50 per cent tariffs on Canadian vehicles, auto parts and steel.Trump added another provocation Tuesday, saying the United States was giving “serious consideration” to renaming Lake Ontario “Lake America” in a feud with Ontario Premier Doug Ford. Such a change would be reminiscent of the Republican president's unilateral action last year by executive order to rename the Gulf of Mexico to the Gulf of America.Tariffs To Take Effect From Sep 8The tariffs will take effect Sept 8 at rates of 15 per cent, 25 per cent and 50 per cent, with Canada matching the corresponding US tariff rate on more than 700 products such as pulp and paper and electronics.The tariffs on many American products would double from 25 per cent to 50 per cent, with the largest share of the new measures affecting steel and aluminum.Trump:Canada has been “Ripping Off” the U.S.A. for decades. They have been charging our Farmers 400% Tariffs, and more. They have driven many wonderful U.S. companies out of business. For 10 years they wouldn’t certify Gulfstream Jets, until I got involved. They wanted 100%… pic.twitter.com/Eic4vZ9LFP— Clash Report (@clashreport) August 25, 2026 US Air Force C-17 Military Plane Lands In Moscow From Riga; Kremlin Says 'No Information'Canadian officials said the goal is not to raise revenue but to protect Canadian companies and reduce US imports.US steel imports, for example, have already fallen 30 per cent since Canada imposed a 25 per cent tariff, and the new 50 per cent rate is expected to cut them further, Canadian officials said.Goods facing 50 per cent tariffs include some steel and aluminum products, furniture and clothing. Appliances, dairy products including cheese, fish and seafood, and certain steel and aluminum derivatives will face 25 per cent tariffs. Existing Canadian countertariffs on US autos will remain in place.Canada also announced a support package for workers and businesses affected by the dispute worth 7.5 billion in Canadian dollars (USD 5.4 billion).Canadian officials acknowledged the counter tariffs will raise costs for some businesses and consumers but said they expect the overall economic effects to be moderate.François-Philippe Champagne: "Canada is going through a trade dispute that we did not choose, but we do have to face it, and we will face it with determination and commitment. This is a unprecedented challenge imposed on Canada. But Canada will meet the moment. Canadians will… pic.twitter.com/c92bKNsZqZ— Scott Robertson (@sarobertson_) August 25, 2026 US Secret Service Aware Of Iran TV Threat Against Barron Trump They said the government has provided more than 30 billion Canadian dollars (USD 21.7 billion) in tariff-related support since the beginning of 2025 — far more than it has collected in retaliatory duties — as it tries to cushion the blow from the trade fight.Canada and the United States have deeply integrated supply chains across autos, energy, agriculture and manufacturing, making a prolonged trade fight potentially costly for businesses and workers on both sides of the border.Businesses and consumers are caught in the middle, facing uncertainty about how much prices may increase.Michael Howard II, owner of a furniture business in Warren, Michigan, outside Detroit, said the tariffs will hamper the “ability for us to put food on the table for our family" and affect "the ability for us to give back to our community”.Howard and his wife started their business a decade ago. They make and sell everything from dining room tables to bookcases.'Where To Kill Barron Trump': Iran State TV Airs Threat, Announces $10 Million Bounty “To say that we don't need Canada is just disingenuous,” he said. “It's dishonest. And it's just absolutely not truthful. We need our neighbour, but also they need us.” Carney said Monday that Canada may need to move away from matching US tariffs dollar for dollar and instead use more targeted retaliation aimed at protecting Canadian workers and businesses.“An attitude at the negotiation table that Canada is a subsidiary of the United States” is “not something we're going to accept,” Carney said.Carney was even more blunt in French.“We learned during the negotiations that the Americans want to destroy our major industries, including autos, steel and aluminum,” Carney said. “That was one of the main reasons we said no. It was a bad deal.” On Monday, Carney said US negotiators had raised the discoverability of French-language content on streaming platforms, along with French-language labelling rules, as trade irritants.US Sanctions China, Hong Kong Firms In Fresh Iran Crackdown, Avoids Major Chinese Banks He rejected the idea that those protections were negotiable, saying in French: “For the Americans, questions about the French language, Quebec culture, francophone culture and Canadian culture are irritants. Here in Quebec, here in Canada, they are rights." In a social media post early Tuesday, Trump wrote: “I would never interfere with Canadians speaking French! In fact, I have never even thought of doing such a stupid thing. This lie was made up by a weak and ineffective Prime Minister in an attempt to gain political support, which he has totally lost, from the people of Quebec. I love French Canadians!” (Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

Ottawa’s ‘focused response’ to levies imposed by Donald Trump on Canadian products comes after trade talks collapsed last weekUS politics live – latest updatesCanada has announced it will impose tariffs on a wide range of key American industries including cosmetics, dairy, wood products and outdoor equipment in the coming weeks, as it retaliates roughly “dollar for dollar” against levies imposed by the US.In a strong Canadian countermove to tariffs levied by Donald Trump, which took effect on Saturday after trade talks collapsed the day before, Canada’s finance and industry ministers on Tuesday called the measure a “focused response” to what they see as unfair trade practices. Continue reading...

Canada Retaliates, Slaps $20 Billion In Tariffs On 700 US Goods Days after the US hit Canada with a 50% tariff on $20 billion worth of Canadian goods amid a collapse in trade talks - and a Monday threat to include cars, trucks, auto parts and steel, Canada hit back on Tuesday - announcing retaliatory tariffs as high as 50% on $20 billion worth of American products.  Canada will begin collecting tariffs of 50, 25, and 15 percent on roughly 700 products beginning on Sept. 8. Most notably is the doubling of tariffs on American steel and aluminum to 50%. In addition to tit-for-tat tariffs on things like tools, clothing and forestry products, Canada is also targeting consumer products like home appliances.  The retaliation was expected following warnings by Prime Minister Mark Carney - a former central banker, who said that Canada would match US tariffs "dollar for dollar," though he admitted that the move "will raise costs and reduce choice for Canadians," NYT reports. One of the major sources of tension in the trade negotiations was the United States’ 25 percent tariff on automobiles, a major export for Canada, introduced about 18 months ago. On Tuesday Canada said it would keep its retaliatory tariff on American-made cars at 25 percent and maintain a system that allows companies that build cars in Canada to continue to import them from the U.S. tariff-free, within limits. Canadians buy more cars from the United States that they ship there. -NYT Canada imports around $272 billion in US goods annually - while Carney's government says it will spend far more on keeping Canadian exporters solvent than it will bring in from the tariff, so ouch.  Or as the NYT frames it; "because Canada’s economy is about one-twelfth the size of the U.S. economy, its retaliatory tariffs will have the effect of a pea shooter in a gun battle."  Tyler Durden Tue, 08/25/2026 - 12:15

Canada has hit back at the United States, announcing retaliatory tariffs up to 50 percent on $20 billion worth of American goods, most notably aluminum, steel, and fish. Trump announced 50 percent tariffs on Canada last month, and threatened to levy even more this week.Canada’s tariffs will affect a wide variety of U.S. goods beginning September 8, including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.Canadian Prime Minister Mark Carney suspended trade talks with Trump last Friday after the U.S. demanded last-minute concessions regarding Quebec law requiring the U.S. to print manuals and packaging in French—a seemingly minute detail to make a dealbreaker. This of course led Canada to exit talks, as they took it as an attack on their culture and sovereignty.  Now U.S. consumers will pay for the perceived slight. “Canada must respond, and today we are—in a proportionate, targeted, and strategic way. Today, I am announcing that Canada will match the United States tariffs dollar for dollar, rate for rate. Effective September 8, Canada will impose counter tariffs of up to 15, 25, or 50 percent on 27.6 billion in imports from the United States of America,” Canadian Finance Minister François-Philippe Champagne said on Tuesday. “For each product, our tariff would match the American tariff on the same type of Canadian goods. Those tariffs will have real consequences for Canadian workers, businesses, and communities across our nation. Canada must respond, and today we are in a proportionate, targeted, and strategic way.”Canadian Finance Minister François-Philippe Champagne: "Canada will match the US tariffs dollar for dollar, rate for rate. Effective Sept 8, Canada will impose counter-tariffs of up to 15, 25, or 50 percent on $27.6 billion of imports from the US." pic.twitter.com/RQuxm9Td7j— Aaron Rupar (@atrupar) August 25, 2026These tariffs from Canada will inevitably make it more difficult for U.S. companies that do business with Canada to compete in the near future—and cause prices on those aforementioned key goods to rise. And more than anything, Trump’s chaotic, greedy, vindictiveness has cost us a good relationship with perhaps our closest ally in the world. 

Canada is preparing to announce retaliatory tariffs against the United States as tensions between the two countries escalate following the breakdown of trade negotiations with the Trump administration.According to a report by The Associated Press, an official familiar with the plans said that Canada would unveil the measures on Tuesday. Canada prepares targeted retaliationPrime Minister Mark Carney said Ottawa may move away from matching US tariffs dollar-for-dollar and instead impose targeted measures designed to protect Canadian workers and businesses. Canada To Match US Tariffs 'Dollar For Dollar' After Trade Talks Collapse; Carney Blames Unfair Last-Minute TermsThe move follows President Donald Trump's decision to threaten additional 50% tariffs on Canadian vehicles, auto parts and steel. Trump has also warned Canada against resisting US demands, saying it could face consequences worse than the tariffs already imposed.Carney has strongly rejected the US approach, arguing that Washington's demands could undermine key Canadian industries. He said Canada would not accept being treated as a subsidiary of the United States.The dispute intensified after Carney ended trade negotiations with the Trump administration late Friday. Trump subsequently threatened tariffs on around $20 billion worth of Canadian goods. Auto industry becomes key flashpointCanada's automotive sector has emerged as one of the biggest areas of concern. Carney warned that US proposals could gradually weaken Canada's deeply integrated auto manufacturing industry.Ontario Premier Doug Ford has also backed a tougher response, saying Canadians are prepared to withstand economic pressure rather than accept US demands. He described the situation as an "economic war" and said Canada was ready to defend its interests.Trump has responded with personal criticism of both Carney and Ford, further deepening tensions.Despite political differences between Carney's Liberal government and Ford's Progressive Conservative administration, the trade dispute has generated broad support in Canada for resisting US pressure.

Tariffs of 50% on Canadian goods came into effect after trade talks collapsed. US President Trump has warned Ottawa to "fall in line," but Canadian Prime Minister Mark Carney has refused to accept a "bad deal."

TORONTO — Canada will announce retaliatory tariffs against the United States on Tuesday after relations deteriorated sharply Monday, with President Donald Trump telling Canadian leaders to “fall in line” or face consequences “far WORSE” than existing tariffs and Prime Minister Mark Carney accusing Washington of trying to subordinate Canada. Trump also threatened new 50 percent tariffs on Canadian vehicles, auto parts and steel, while Carney said U.S. trade demands showed Washington wanted to “destroy our major industries,” including autos, steel and aluminum. Finance Minister François-Philippe Champagne and three other Cabinet ministers are also expected Tuesday morning to share details of supports for workers affected by tariffs. Carney said earlier Monday that Canada may need to move away from matching U.S. tariffs dollar for dollar and instead use more targeted retaliation aimed at protecting Canadian workers and businesses. “An attitude at the negotiation table that Canada is a subsidiary of the United States” is “not something we’re going to accept,” Carney

Toronto: Canada will announce retaliatory tariffs against the United States on Tuesday after relations deteriorated sharply Monday, with President Donald Trump telling Canadian leaders to "fall in line" or face consequences "far WORSE" than existing tariffs and Prime Minister Mark Carney accusing Washington of trying to subordinate Canada.Trump also threatened new 50% tariffs on Canadian vehicles, auto parts and steel, while Carney said U.S. trade demands showed Washington wanted to "destroy our major industries," including autos, steel and aluminum.Also read: Canada rejected US tariff deal. Now comes the economic costFinance Minister Francois-Philippe Champagne and three other Cabinet ministers are scheduled to unveil Canada's response Tuesday morning. Carney said earlier Monday that Canada may need to move away from matching U.S. tariffs dollar for dollar and instead use more targeted retaliation aimed at protecting Canadian workers and businesses."An attitude at the negotiation table that Canada is a subsidiary of the United States" is "not something we're going to accept," Carney said.Carney was even more blunt in French."We learned during the negotiations that the Americans want to destroy our major industries, including autos, steel and aluminum," Carney said. "That was one of the main reasons we said no. It was a bad deal."The fiery words from both sides show how U.S.-Canada relations have deteriorated since Carney walked away from trade negotiations with the Trump administration late Friday, triggering the president's threatened 50% tariffs the next day on about $20 billion worth of Canadian goods.Canada and the United States share one of the world's largest trading relationships, with deeply integrated supply chains across autos, energy, agriculture and manufacturing, making a prolonged trade fight potentially costly for businesses and workers on both sides of the border.Carney cast doubt on the U.S.'s dependability, saying Canada was finding reliable partners "everywhere in the world, except in the United States. Except in the United States. And Russia."Trump unleashes personal attacks on Canadian leadersOn Monday, Trump came back with further tariffs, warning that he would impose them on Canada's auto industry beginning next year."Canada has been ripping off the United States of America for years," Trump wrote on social media, criticizing what he called the country's "ridiculously high tariffs" on American farmers.Carney said Washington's auto-sector proposals would gradually have the effect of dismantling Canadian production."This is the most successful automotive partnership in history," Carney said, referring to the deeply integrated Canada-U.S. industry.Meanwhile, Ontario Premier Doug Ford unleashed his own tirade. In an interview with The Associated Press, he said Trump had underestimated Canadians' willingness to endure economic pain rather than give in to U.S. pressure."We're all in," Ford said. "Up here, we're at a fever pitch; everyone's in for an economic war. They know they're going to have to sacrifice."Trump responded in a social media post by attacking Ford personally, calling him "the less charismatic, intelligent, and overall unimpressive brother of the late, great, Rob Ford," and once again referring to Canada's prime minister as "Governor Carney."Ford dismissed the insults: "If you think an insult from him hurts me? Well, bring it on, buddy, I'm ready."Ford is a Progressive Conservative whose party differs from that of Carney, a Liberal, but the two underscore broad political unity in Canada over the trade fight with Trump.Ford threatens critical minerals and electricityFord said "everything is on the table" if the dispute worsens, including cutting off electricity and critical minerals from Ontario.Critical minerals are increasingly important to U.S. national security and manufacturing. The Pentagon has sought more secure supplies of minerals used in military aircraft, missiles, munitions and electronics as Washington tries to reduce reliance on China, which dominates the mining or processing of several strategically important minerals.Ford said Canada should also consider increasingly severe retaliation if Trump continues targeting Canadian industries, including oil and potash, while Ontario could raise electricity prices or stop sending power south."We power 1.5 million homes and businesses," Ford said. "Everything's on the table. I'll do whatever it takes."Also read: Trump threatens 50% tariffs on Canadian cars, trucks and steel from January 2027Ford has used electricity as leverage before. During an earlier phase of the dispute, Ontario imposed a 25% surcharge on electricity exported to Michigan, Minnesota and New York. Trump responded by threatening to double tariffs on Canadian steel and aluminum before both sides backed away.Auto industry becomes a central battlegroundFord accused Trump of not simply seeking a better trade deal but aiming to hollow out Canadian industries and move production south.Ford said Trump wants to make Canada a vassal state."He wants to bleed out every single sector and bring them down to the U.S.," Ford said.The auto sector is especially important to Ontario, the center of Canada's vehicle manufacturing industry. Plants and suppliers in Ontario are tightly integrated with factories in Michigan and other U.S. states, with parts routinely crossing the border multiple times during production.Automakers including Ford, General Motors and Stellantis operate major assembly plants in Ontario, and the wider supply chain supports tens of thousands of jobs. Trump's new threat of a 50% tariff on Canadian vehicles and parts puts that sector directly at the center of the escalating dispute.U.S. Trade Representative Jamieson Greer said Monday that "the only reason Canada has auto production in the first place" was because of the 1960s Auto Pact, under which Canada used access to its market to encourage vehicle production north of the border.Ford says he opposed preliminary dealFord also disclosed that he had opposed the preliminary agreement Carney was considering before Canada walked away from negotiations, and that he was unwilling to restore American liquor to Ontario store shelves as part of an agreement."I wasn't going to put the booze back on the shelves," Ford said. "I was ready to go out there and call a press conference ... and say I'm not buckling over."Ford said he understood Washington had sought language late in the negotiations that would have restricted Canada's ability to negotiate trade agreements with other countries without U.S. approval. Carney has called that demand unacceptable and a question of Canadian sovereignty.Carney said the dispute also exposed a deeper divide over language and culture, saying protections for French and Canadian culture that Washington views as trade irritants are considered fundamental rights in Canada."Who does he think he is?" Ford said of Trump. "You gotta be kidding."

President Trump on Monday escalated the trade battle against Canada after its prime minister, Mark Carney, said the two countries were at “war.” “Canada has been ripping off the United States of America for years. Their ridiculously high tariffs on our Farmers and farm products has made life impossible for these great American Patriots, and...

Canadians wanted their prime minister to stand tough and not sign a bad trade deal with the US. But the collapse of talks, and the escalation of the tariff war, will come at a price. The US implemented a new 50% tax on imports of hundreds of Canadian items including furniture, plastics, plywood and electrical equipment on Saturday. It’s such a high rate that it may cut off the world’s biggest market for some Canadian enterprises.University of Calgary economics professor Trevor Tombe estimated that 90,000 jobs — about 0.4% of Canada’s labor force — may be lost if the new tariffs persist. Markets are responding: The Canadian dollar fell sharply against the US dollar when Asia trading opened Monday.Also Read| ‘We got attacked’: Mark Carney claims Canada is ‘at war’ with US as Trump’s 50% tariffs trigger trade showdownMany small Canadian manufacturers were previously shielded from early rounds of US tariffs, such as the initial so-called IEEPA tariffs, because the US exempted goods compliant with the US-Mexico-Canada Agreement that President Donald Trump signed in his first term.But the new 50% levy, ordered by Trump under never-before-used provisions of the 1930 Tariff Act, ignores that trade deal. And Canada is likely to feel the effects of the dispute sooner than the US.Carney’s government has pledged financial help for businesses caught in the crossfire. That may prove more complicated than previous aid packages for industries like steel that have been facing US tariffs for more than a year. The new tariffs are “very diffuse, and they hit, in particular, small and many medium enterprises in various parts of the country and in radically different supply chains,” said Matthew Holmes, chief of public policy at the Canadian Chamber of Commerce. “Very difficult for the federal government especially to create a package of supports for them.”Prime Minister Mark Carney announced Canada will respond with counter-tariffs on $20 billion of US steel, dairy, appliances, electronics and other products from Sept. 8. He didn’t shy away from acknowledging the trade war will hurt the economy, but emphasized that Canada didn’t start it.“You’re at war when you get attacked. We got attacked,” Carney said during a 50-minute press conference in Ottawa, less than 12 hours after negotiations were officially called off. Three in four Canadians endorse Carney’s decision to walk away from talks, according to an online poll taken by the Angus Reid Institute since negotiations collapsed. But 38% of those in the workforce are also worried the fight will affect their job, and 89% worry it will worsen the cost of living. The breakdown in talks reflects a permanent shift in American trade posture, Mary Ng, former Canadian trade minister, said in a Bloomberg Television interview. “We don’t see the United States valuing the integration of our markets that we have developed for decades,” she said, noting that Canada is the top export customer for at least 25 US states and among the top three customers for more than 40 states.The defiant sentiment remains even after some parts of the economy, like Ontario’s auto plants and steel mills, have already faced significant pain and layoffs as a result of the sectoral tariffs that Trump ordered last year. Also Read| Trump's trade war with Canada: A timeline of how Ottawa-Washington relations evolved“We have seen the Canadian public ready to respond, not wanting to give in to what they perceive as bullying. And so this is going to hurt a little bit before it gets better,” Holmes said. Carney’s government sees little chance of resuming negotiations before the US midterm elections in November, according to people familiar with the matter.The Canadian leader is designing measures aimed at helping businesses hurt by US tariffs so they can ride out the balance of Trump’s term if necessary, added the people, who were granted anonymity to discuss sensitive deliberations.Some of the people cautioned the situation remains fluid and the US has not ruled out a restart of negotiations.Carney said the USMCA deal had been “violated day in, day out” during Trump’s second term and that US commitments are sometimes “written in pencil.” “We cannot accept what they’ve offered and we will not give what they’ve asked,” said the prime minister, 61. The provinces of British Columbia, Ontario and Quebec are particularly exposed to the new tariffs. Randall Bartlett, deputy chief economist at Desjardins, warned of a “substantial” fallout that would carve another 0.2 and 0.3 percentage points from Canada’s growth rate this year and next, respectively. “Unfortunately, this breakdown comes just as growth looked to be finding better momentum,” Robert Kavcic, a Bank of Montreal economist, wrote in a report to investors.Political PressureThere’s still a chance the escalation can be averted. Canada’s counter-tariffs don’t start until Sept. 8, creating another short window to restart negotiations.Much is at stake for both nations. Canada exported $454 billion worth of goods and services to the US last year — a large majority of its exports — while importing $426 billion, according to US Commerce Department data. Carney’s government has set a goal of rapidly growing business in other markets, but that takes time.“We’re going to need a suite of programs, probably not unlike we did through the Covid era, to support working people and the industries that they depend on,” said Lana Payne, national president of Unifor, which represents workers in the automotive and other sectors. Escalation of the trade fight also makes things more complicated for the Bank of Canada: US tariffs hit sales and weaken growth, while retaliatory duties fuel inflation at home.The central bank’s research suggests Canadian consumers will bear much of the cost of tariffs, while facing fewer choices. That’s one reason why, a year ago, Carney removed most of the counter-tariffs his predecessor, Justin Trudeau, applied at the start of the trade war.Carney’s decision to resort to the same form of retaliation now is less about economics than politics, said one expert, who believes it’s unwise.“Retaliation only makes sense politically. But the Trump administration seems immune from outside political pressure, whether it’s from Congress, the states or business,” Patrick Leblond, associate professor at the University of Ottawa, said in a LinkedIn post. “So what’s the point?”However, unlike when the trade war first erupted, US midterm elections are now a little more than a couple of months away, and the fight with Canada is on the ballot.In the swing state of Michigan, Democratic Senate candidate Abdul El-Sayed accused his Republican rival of preparing to “rubber-stamp” Trump tariffs on Canada that will make life more expensive in the US.Republican Senator Susan Collins, who faces a competitive race in the border state of Maine, also criticized the escalation for passing costs onto her voters. And Trump’s former Vice President Mike Pence said: “The last thing we need right now, as our economy is getting back on its feet, is a trade war with Canada.”During his news conference on Saturday, Carney was asked whether the US is in a weaker bargaining position, given the cost-of-living worries of US voters, and recent bond market instability, which has driven up borrowing costs. The former central banker said Canada has plenty of ability to weather an economic storm.“We are entering a phase where fiscal strength, discipline, focus is going to be very important — it’s going to be scrutinized,” he said. “Markets sometimes ignore these fundamentals and then all of a sudden they focus on them. And when they focus on them, if you don’t have your house in order, it’s too late. We have our house in order and we’re getting stronger.”

The Trump administration on Sunday warned that Canada would be “foolish” to think it could win a trade war with the United States, predicting a “devastating” impact on its northern neighbour. Negotiations between Washington and Ottawa broke down late Friday, putting into force new 50 per cent US tariffs impacting about US$20 billion worth of Canadian goods, or 5.5 per cent of Canadian exports to the US. Canada in retaliation said it would match US tariffs, with new levies notably targeting the...

WASHINGTON, United States (AFP) —The Trump administration on Sunday warned that Canada would be "foolish" to think it could win a trade war with the United States (US), predicting a "devastating" impact on its northern neighbour. Negotiations between Washington and Ottawa broke down late Friday, putting into force new 50-per cent US tariffs impacting about $20 billion worth of Canadian goods, or 5.5 per cent of Canadian exports to the United States. Canada, in retaliation, said it would match US tariffs, with new levies notably targeting the US steel and dairy industries to take effect on September 8. US Transportation Secretary Sean Duffy said Canada would come out worse from tussling with President Donald Trump in a trade war. "We're great trading partners, right? But Canada gets the benefit of trading with the US way more than the US gets the benefit of trading with Canada," he told the "Fox News Sunday" talk show. "To think that they're going to go to war with Donald Trump and actually win that war with the US, I think it's foolish on their part." He predicted that Canadian Prime Minister Mark Carney would return to negotiations "very very quickly, because it's going to be devastating for his country." Carney was defiant on Saturday, announcing retaliatory tariffs on the US after walking away from a "bad deal" on trade as the rift between the longtime allies deepened. "You're at war when you get attacked. We got attacked," Carney said. Trump hit back at Canada early Sunday, saying, "Canada wants the benefits of being a State, without being one!!!" "They have also charged our great farmers, for many years, massive amounts of Tariffs. No more!!!" Trump added in a post on Truth Social.

Washington: The Trump administration on Sunday warned that Canada would be "foolish" to think it could win a trade war with the United States, predicting a "devastating" impact on its northern neighbor.Negotiations between Washington and Ottawa broke down late Friday, putting into force new 50-percent US tariffs impacting about $20 billion worth of Canadian goods, or 5.5 percent of Canadian exports to the United States.Canada in retaliation said it would match US tariffs, with new levies notably targeting the US steel and dairy industries to take effect on September 8.US Transportation Secretary Sean Duffy said Canada would come out worse from tussling with President Donald Trump in a trade war."We're great trading partners, right? But Canada gets the benefit of trading with the US way more than the US gets the benefit of trading with Canada," he told the "Fox News Sunday" talk show."To think that they're going to go to war with Donald Trump and actually win that war with the US, I think it's foolish on their part."He predicted that Canadian Prime Minister Mark Carney would return to negotiations "very very quickly, because it's going to be devastating for his country."Carney was defiant on Saturday, announcing retaliatory tariffs on the US after walking away from a "bad deal" on trade as the rift between the longtime allies deepened."You're at war when you get attacked. We got attacked," Carney said.Trump hit back at Canada early Sunday, saying, "Canada wants the benefits of being a State, without being one!!!""They have also charged our great farmers, for many years, massive amounts of Tariffs. No more!!!" Trump added in a post on Truth Social.

OTTAWA — Canadian Prime Minister Mark Carney announced retaliatory tariffs on the United States on Saturday, after walking away from a "bad deal" on trade in a deepening rift between the longtime allies. Negotiations between the neighboring countries broke down Friday in Washington, putting into force new 50-percent U.S. tariffs impacting about $20 billion worth of goods, or 5.5 percent of Canadian exports to the United States. Impacted products range from hockey sticks to cement. "You're at war when you get attacked. We got attacked," Carney said. U.S. President Donald Trump hit back at Canada on Sunday, saying, "Canada wants the benefits of being a State, without being one!!!" "They have also charged our great farmers, for many years, massive amounts of Tariffs. No more!!!" Trump added in a post on Truth Social. New Canadian tariffs will notably target the U.S. steel and dairy industries and take effect on Sept. 8. More details would come next week, Carney said. Trump had previously said Washington "should be able to have a deal with Canada," citing his "good relationship" with Carney. B

US President Donald Trump hit back at Canada on Sunday after Prime Minister Mark Carney announced retaliatory tariffs on the United States following a breakdown in trade negotiations. “Canada wants the benefits of being a state, without being one!!!” Trump said in a post on Truth Social. “They have also charged our great farmers, for many years, massive amounts of tariffs. No more!!!” he said. Carney said on Saturday that new Canadian tariffs would take effect on September 8, notably targeting the US steel and dairy industries. New 50 per cent US tariffs impacting about $20 billion worth of goods, or 5.5pc of Canadian exports to the US, came into force on Saturday. Impacted products range from hockey sticks to cement. “You’re at war when you get attacked. We got attacked,” Carney said a day earlier. New Canadian tariffs will notably target the US steel and dairy industries and take effect on September 8. More details would come next week, Carney said. Trump had previously said Washington “should be able to have a deal with Canada,” citing his “good relationship” with Carney. But on Saturday, Canada’s prime minister said Trump set conditions that were ultimately unacceptable even though earlier talks had been positive. “In recent days, the United States proposed new terms that were uneconomic, unfair and undermined the net benefits for Canada, and called into question the reliability of any deal,” Carney said in Ottawa. “We cannot accept what they’ve offered, and we will not give what they’ve asked.” US Trade Representative Jamieson Greer told the New York Times on Saturday that the US had offered to reduce its tariffs on steel, aluminium and autos, as well as eliminate a recently imposed tariff on Canadian lumber. Greer said those measures would have given Canada “the most preferential treatment of any trading partner,” according to the Times. Greer told Fox News on Saturday that Washington was “moving forward with measures that respond to Canadian retaliation.” He said no new talks were planned with Canadian negotiators. A senior US official characterised this week’s talks in Washington as candid and not acrimonious.

Negotiations between the United States and Canada fell through this weekend, causing the Trump administration to impose a 50 percent tariff on its northern neighbor. But Canadian Prime Minister Mark Carney swiftly responded with his own retaliatory tariff on the U.S. The prime minister said during a Saturday press conference that Canada will “match Washington’s...

Canadian Prime Minister Mark Carney said Saturday he would slap retaliatory tariffs on the United States after walking away from a “bad deal” on trade, deepening the rift between the longtime allies. Negotiations between the neighboring countries broke down on Friday in Washington, allowing new 50-per cent US tariffs impacting some $20 billion worth of goods, or 5.5pc of Canadian exports to the United States, to come into force. Impacted products range from hockey sticks to cement. US President Donald Trump had said Washington “should be able to have a deal with Canada”, citing his “good relationship” with Carney. But on Saturday, the Canadian prime minister said Trump had set conditions that were ultimately unacceptable. “We believed earlier this week that we were moving towards a mutually beneficial agreement,” Carney said in the Canadian capital, Ottawa. “In recent days, the United States proposed new terms that were uneconomic, unfair, and undermined the net benefits for Canada, and called into question the reliability of any deal. In short, they asked too much and they offered too little,” he said. “We cannot accept what they’ve offered, and we will not give what they’ve asked,” Carney said, accusing Trump of launching a trade “war”. “You’re at war when you get attacked. We got attacked,” Carney said. New Canadian tariffs will notably target the US steel and dairy industries and take effect on September 8. Carney said further details would come next week. On Friday, US Trade Representative Jamieson Greer said Washington had offered “significant tariff reductions on steel, aluminum, autos and lumber” in exchange for concessions from Canada. A senior US official, who spoke on condition of anonymity, characterised the talks as candid and not acrimonious. Then in a Saturday interview with Fox News, Greer said the United States was “moving forward with measures that respond to Canadian retaliation.” Greer also noted it was not clear if trade talks could get back on track soon, saying, “we don’t have new talks planned with the Canadians.” ‘Significant pressure’ Canada has been seeking relief from Trump’s tariffs on autos, steel and aluminum, which have battered the country’s economy, forced job losses and strained what was once an iron-clad trade relationship. Canadian negotiators had been camped out in Washington this week to firm up a deal that aimed to address various flashpoints. The White House had alleged “discriminatory treatment” by Canada against US alcohol, automobile and dairy products in introducing the duties. They were originally set to take effect on Wednesday, before Trump issued a last-minute delay of three days, citing major progress in talks. Ryan Majerus, a former US commerce official who is now a trade lawyer with King and Spalding, told AFP that “both sides will face significant pressure in the coming days to find an off-ramp.” Senator Amy Klobuchar of Minnesota, a US state which borders Canada, warned that the escalating trade war will raise costs for her state’s small businesses, farmers and families. “Canada is Minnesota’s number 1 trading partner,” the Democratic lawmaker posted on X. “Minnesotans are paying for Trump’s chaos.” Beyond the latest tariffs, the United States and Canada still have to agree on revisions to the North American free trade agreement, USMCA, which Trump declined to renew in its current form. Bilateral ties have also been hurt by Trump’s repeated threats to make Canada the 51st US state. Trump was irked by Carney’s widely-touted January speech at the World Economic Forum in Davos, Switzerland in which the prime minister declared that the global order was experiencing a “rupture.” Carney has repeatedly said relations with the United States have been forever altered, and that Canada must reduce its reliance on its southern neighbor, which currently accounts for roughly 70pc of Canadian exports. “We’ve been under no illusions. We recognized from the start that America has changed,” Carney told reporters on Saturday. “We recognize that sometimes, its signature was written in pencil.”

WASHINGTON, United States (AFP) — Canadian Prime Minister Mark Carney said Saturday he would slap retaliatory tariffs on the United States (US) after walking away from a "bad deal" on trade, deepening the rift between the longtime allies. Negotiations between the neighbouring countries broke down on Friday in Washington, allowing new 50-per cent US tariffs impacting some $20 billion worth of goods, or 5.5 per cent of Canadian exports to the United States, to come into force. Impacted products range from hockey sticks to cement. US President Donald Trump had said Washington "should be able to have a deal with Canada," citing his "good relationship" with Carney. But on Saturday, the Canadian prime minister said Trump had set conditions that were ultimately unacceptable. "We believed earlier this week that we were moving towards a mutually beneficial agreement," Carney said in the Canadian capital, Ottawa. "In recent days, the United States proposed new terms that were uneconomic, unfair, and undermined the net benefits for Canada, and called into question the reliability of any deal. In short, they asked too much, and they offered too little," he said. "We cannot accept what they've offered, and we will not give what they've asked," Carney said, accusing Trump of launching a trade "war." "You're at war when you get attacked. We got attacked," Carney said. New Canadian tariffs will notably target the US steel and dairy industries and take effect on September 8. Carney said further details would come next week. On Friday, US Trade Representative Jamieson Greer said Washington had offered "significant tariff reductions on steel, aluminium, autos and lumber" in exchange for concessions from Canada. A senior US official, who spoke on condition of anonymity, characterised the talks as candid and not acrimonious.

Canadian Prime Minister Mark Carney said on Saturday he would slap retaliatory tariffs on the United States after walking away from a “bad deal” on trade, deepening the rift between the long-time allies. Negotiations between the neighbouring countries broke down on Friday in Washington, allowing new 50 per cent US tariffs impacting some US$20 billion worth of goods, or 5.5 per cent of Canadian exports to the United States, to come into force. Impacted products range from hockey sticks to...

Canada-US Trade War Erupts, Setting New 50% Tariffs On Canadian Goods US-Canada trade negotiations collapsed at the 11th hour, just before the midnight deadline, triggering 50% tariffs on about $20 billion worth of Canadian goods (under a never-before- used Section 338 provision of the Tariff Act of 1930) and prompting globalist-aligned, China-sympathizing Prime Minister Mark Carney to promise an equivalent response. "Tonight, Canada declined to finalize the trade deal under the terms agreed earlier this week," the United States Trade Representative wrote on X early Saturday morning. The USTR continued: Despite the U.S. offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk-backs of other commitments by Canada have upended the careful balance reached in the past days. In addition, Canada is continuing to maintain its prolonged retaliation against the United States, including, among other things, flat-out prohibitions on certain American goods and services. For decades, Canada has enjoyed the most favorable access to the U.S. market of any country. And from the beginning of President Trump's trade program, Canada has continued to enjoy the best treatment in the world, even after, like China, retaliating against the United States. This week, the United States agreed to provide even better treatment to Canada, offering significant tariff reductions on steel, aluminum, autos, and lumber. The U.S. offer was also forward-looking and included a historic economic and national security partnership to cooperate on export controls, combat transshipment, enhance digital trade, and align certain external tariffs. The offer would have led to supply-chain coordination on aerospace, complementary actions to address unfair trade practices, critical-minerals cooperation, increased enforcement against imports produced with forced labor, and the announcement of formal U.S.-Mexico-Canada Agreement (USMCA) negotiations. This is a missed opportunity for Canada to partner with the United States, which is the fastest-growing economy in the G7. Tonight, Canada declined to finalize the trade deal under the terms agreed earlier this week. Despite the U.S. offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk backs of other commitments by Canada have upended the careful… — United States Trade Representative (@USTradeRep) August 22, 2026 Canada responds: The deal has collapsed. The tariffs commence in moments. The relationship has dissolved. A Trade War is Afoot. I've been telling my followers for years the divide between the USA and Canada was too great to fix without massive concessions by Canada. Well, here you go. THE… https://t.co/yiNSLJENbG — TheLastRefuge (@TheLastRefuge2) August 22, 2026 Carney, the former governor of both the Bank of England and the Bank of Canada, as well as the former chairman of Brookfield Asset Management, which has an estimated $23 billion in China-linked assets (as of 2021), blamed Washington for the breakdown in trade negotiations. He pledged to match the new US tariffs "dollar for dollar" to protect Canadian workers and businesses. But Carney's commitment to deeper North American economic integration warrants close scrutiny, given Brookfield's substantial commercial exposure to China. Read: Brookfield's Deep Ties To Chinese Land, Loans & Green Deals Carney's previous and questionable business links to Beijing were brought into focus earlier this year following a visit to China, when he noted how much the world had changed since the last visit by a Canadian prime minister a decade earlier and suggested that renewed progress and partnership with China positioned both countries for the emerging "new world order." Translation: Carney's allegiance might be with the West but, instead, to the East. Canada's Mark Carney to China: Our 'Progress' and 'Partnership' Perfectly Position Us for the NEW WORLD ORDERpic.twitter.com/0BcPrsEmaJ — TaraBull (@TaraBull) January 15, 2026 Carney's decision to suspend negotiations and pursue a tit-for-tat trade conflict with the Trump administration will inevitably fuel questions about Ottawa's move toward a prolonged tariff battle that would raise costs for American businesses and consumers at a politically sensitive moment, potentially creating another economic headwind for Trump ahead of the US midterm elections. Carney suspended trade talks to influence the U.S. midterm elections. Carney takes his marching orders from the DNC. He's betting the entire farm on the Democrats taking control of Congress. — Julian Assange (@ImJulianAssange) August 22, 2026 The proposed US-Canada trade deal would have reduced US tariffs on Canadian steel and aluminum to 25%, lowered automotive duties to 15%, and eliminated a 10% levy on lumber. It also included cooperation on export controls and digital trade, as well as formal negotiations to renew the US-Mexico-Canada Agreement. Tyler Durden Sat, 08/22/2026 - 11:05

 The United States (US) has imposed 50 percent tariffs on $28 billion worth of Canadian products.   Mark Carney, Canadian prime minister, announced the development in a statement on Saturday.   The prime minister said his government has suspended trade negotiations with the US after failing to reach an agreement that meets Canada’s objectives.   Carney said recent talks had made progress towards improving Canada’s position as having the “best deal in the world with the U.S.” but the progress was insufficient.     “As a result, this evening, I have decided to suspend trade negotiations with the U.S. and have directed Canada’s negotiators to return to Ottawa,” he said.   The prime minister said the negotiating team had worked “in good faith” to defend the interests of Canadians, but last-minute changes to the US proposal were unacceptable.   “However, last-minute changes in the U.S. proposed terms were unfair, uneconomic, and called into question the reliability of any deal,” Carney said.     He said the US would impose “a 50 percent tariff on about $28 billion worth of Canadian goods at midnight,” adding that Canada would retaliate.   “Canada will match those tariffs dollar for dollar to protect our workers and businesses,” Carney said.   He said the Canadian government would introduce additional measures to support workers and businesses in the coming days.   The prime minister added that the measures would build on the nearly $25 billion in support provided over the past 18 months.     Carney said the measures were part of Canada’s broader economic strategy of strengthening the domestic economy and diversifying international partnerships.   “That strategy is working. We are advancing nearly $500 billion in major infrastructure projects,” he said.   The prime minister added that Canada was also working to open new export markets for local businesses.   In a call with reporters late Friday, Jamieson Greer, US trade representative, said Canada had declined to finalise the trade deal under the terms that had been agreed to earlier this week.     “Tonight, Canada declined to finalise the trade deal under the terms agreed earlier this week,” he said.   “This is a missed opportunity for Canada to partner with the United States, which is the fastest-growing economy in the G7.”     However, Greer said the US offer was “forward-looking” and included “a historic economic and national security partnership”.   Discussions between both countries had been heading towards a positive conclusion before the turnaround.   Dominic LeBlanc, the Canadian minister responsible for trade with the US, on August 20, said both countries are “very close” to agreeing a trade deal that could help reduce months of tariffs and counter duties but more work remains to be done.   On March 3, 2025, Trump had imposed tariffs against Canada and Mexico after a deal to pause the taxes expired.

Canadian Prime Minister Mark Carney pulled his country’s negotiators from trade talks with the U.S. on Friday evening, just hours before the Trump administration’s new round of tariffs were set to go into effect. This decision followed weeks of intense negotiations between the two nations over President Trump’s proposed 50 percent tariffs on over $20...

Canada has announced plans to match new US tariffs “dollar for dollar” after trade negotiations between the two countries collapsed ahead of a Friday night deadline on August 21.Canadian Prime Minister Mark Carney said the talks had failed to make enough progress to meet Canada’s objectives, prompting Ottawa to suspend negotiations and recall its negotiating team.US Imposes 50% Tariffs On Canadian GoodsAccording to BBC, the United States has imposed 50% tariffs on billions of dollars worth of Canadian goods, including products such as wine, dairy, cement, clothing and hockey equipment.The new measures come on top of existing US tariffs affecting Canadian steel, aluminum, automobiles and lumber, further escalating tensions between the two major trading partners.Carney: ‘Unfair, Uneconomic’ Changes Derail DealIn a statement, Carney said last-minute changes to the US proposal were “unfair” and “uneconomic” and raised questions about the reliability of any potential agreement.“At midnight tonight, the U.S. intends to impose a 50% tariff on roughly $28 billion of Canadian goods. Canada will match those tariffs dollar for dollar to protect our workers and businesses,” Carney said.The Canadian government is also expected to announce additional support for workers and businesses affected by the tariffs, building on nearly $25 billion in assistance already provided.Washington Blames Ottawa For BreakdownThe US administration offered a different account of the failed negotiations. According to India Today, US Trade Representative Jamieson Greer accused Canada of declining to finalise the deal on terms that had reportedly been agreed earlier in the week.Greer claimed Ottawa had introduced new demands or reversed earlier commitments, despite US offers that included tariff reductions covering sectors such as steel, aluminum, automobiles and lumber.Talks Had Raised Hopes Of A DealThe latest breakdown comes after weeks of heightened trade tensions and intensive negotiations. US President Donald Trump had earlier threatened to impose the 50% tariffs, with the measures initially expected around August 19.The deadline was subsequently delayed as both sides reportedly made progress and expressed optimism about reaching an agreement. However, the negotiations ultimately failed to produce a deal.FPJ Quick Take At 12 PM: 'Bitcoin Nears $80,000, US-Canada Trade Deal Collapses'; Your Daily Noon Guide To Top News That Matters Canada Signals Shift Towards Trade DiversificationOntario Premier Doug Ford has backed a strong Canadian response to the US tariffs, while Ottawa has indicated that strengthening the domestic economy and expanding trade partnerships beyond the United States will remain a priority.Carney has previously stressed the need for Canada to build economic strength at home while diversifying its international trade relationships.The latest tariff escalation marks another major setback in Canada-US trade relations and raises fresh concerns for businesses and workers on both sides of the border.

Prime Minister Mark Carney said last-minute changes to the US-proposed terms were unfair and uneconomic, calling into question the reliability of any deal.

Mark Carney accuses Washington of ‘unfair’ last-minute changes to deal, as US and Canada fail to reach agreement after three-day extension of talksCanadian prime minister Mark Carney has promised to match US tariffs “dollar for dollar”, after the two sides failed to agree a trade deal by the deadline of midnight on Friday.Canadian officials had worked hard in good faith but “last-minute changes in the US proposed terms were unfair, uneconomic, and called into question the reliability of any deal”, Carney said in a statement. Continue reading...

Canadian Prime Minister Mark Carney responded to the failed negociations, calling the last-minute changes in the US proposed terms 'unfair and uneconomic'

New tariffs mark an increase in tensions between US President Donald Trump and Prime Minister Mark Carney

US Trade Representative Jamieson Greer said Canada had declined to finalize a trade deal, minutes before fresh Trump tariffs were due to take effect. Canada's Mark Carney said the terms proposed were "unfair."

Carney says Canada will respond ‘dollar for dollar’ as Trump administration imposes 50% tariffs on $28-billion of Canadian goods