Canada to Implement Reciprocal Tariffs Following Breakdown in Trade Talks with US
Canada says it will match US tariffs ‘dollar for dollar’ as trade talks break down – BBC News
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A fresh wave of US tariffs on a wide array of Canadian goods has come into effect as of midnight on Saturday after a last minute break down in trade talks.
Announcing the suspension of negotiations shortly before the Friday night deadline, Canadian Prime Minister Mark Carney said he would impose reciprocal tariffs on US goods "dollar for dollar".
Carney said "last-minute changes in the US proposed terms were unfair, uneconomic, and called into question the reliability of any deal".
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Now that talks have broken down, Canada will be hit with new 50% US tariffs imposed by Trump using a Depression-era law called the Tariff Act of 1930.
They will be applied on a range of goods, including wine, dairy, cement, clothing and hockey equipment. They are in addition to existing tariffs the US had already imposed…
