Canada will impose retaliatory tariffs on US goods beginning September 8, Canadian Prime Minister Mark Carney said Saturday.
The move escalates a trade conflict after Washington imposed 50 per cent tariffs on about USD 20 billion worth of Canadian products and last-ditch negotiations collapsed late Friday in Washington.
Carney said the dollar-for-dollar retaliation would target steel, dairy, appliances, agricultural equipment, pulp and paper and electronics. Details of the specific products will be released in the coming days.
Carney, speaking in Ottawa, also disclosed that Canada had been willing to drop remaining retaliatory tariffs on steel, aluminum and autos if the United States substantially lowered its own, and to encourage provinces to restore US alcohol sales.
But he said Washington’s final demands went too far, saying, “They asked too much and offered too little,” Carney said.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.