Canada Retaliates Against US Tariffs
Prime Minister Mark Carney announced Canada will impose tariffs on United States steel and electronics starting September 8. The move comes after trade negotiations failed to prevent new American duties.
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Canada will impose retaliatory tariffs starting September 8 on $20B of imports from the United States, matching Washington's new 50% duties dollar for dollar. Prime Minister Mark Carney announced the response on Saturday following the collapse of trade negotiations. The move escalates tensions between the longtime allies and threatens the future of the continental free trade agreement.
