Prime Minister Mark Carney says tariffs on US steel, electronics and other products will take effect from September 8 as trade tensions with Washington escalate.
WEB DESK: Canada has announced retaliatory tariffs on US imports, escalating a growing trade dispute with Washington after the United States imposed higher tariffs on Canadian goods.
Canadian Prime Minister Mark Carney said tariffs targeting American steel, electronics and other products would take effect from September 8.
Carney announces counter-tariffs
Carney said the Canadian government would respond to US trade measures in an effort to protect Canadian workers, farmers, families and businesses.
The prime minister said Ottawa would ensure that the interests of Canadians were protected and that the country would seek to account for the economic impact of the US measures.
“We are at war with the United States when it comes to trade,” Carney said, describing the escalating dispute in stark terms.
Trump imposes 50% tariff on Canada
The Canadian announcement follows the breakdown of trade negotiations between Ottawa and Washington.
US President Donald Trump has imposed a 50% tariff on Canadian goods, according to the supplied report, further intensifying pressure on Canada’s economy.
The latest measures have raised concerns over the future of one of the world’s most closely integrated trading relationships.
Billions of dollars in exports affected
According to the supplied report, the US tariffs are expected to affect around $20 billion worth of Canadian exports to the United States.
Canada and the US have deeply interconnected economies, with businesses on both sides of the border relying on cross-border supply chains.
Higher tariffs could increase costs for companies and consumers while putting additional pressure on industries that depend heavily on bilateral trade.
Trade tensions threaten North American economy
The escalating dispute between Ottawa and Washington comes as the Trump administration continues to use tariffs as a tool to pursue its economic and trade objectives.
Canada has repeatedly warned that broad US tariffs could damage businesses and workers in both countries.
Ottawa’s decision to impose counter-tariffs signals that the dispute is moving into a more confrontational phase, with both governments facing pressure to protect domestic industries while avoiding further economic disruption.
Further negotiations between Canada and the United States could determine whether the latest tariffs remain in place or are eventually reduced through a new trade agreement.
