Canada has announced 50% tariffs on $28 billion worth of US goods, matching the value of tariffs imposed by the US on Canada. The measures will take effect on 8 September and cover products including steel, furniture, fresh tuna and cotton shirts.
Last week, the two countries were close to reaching an agreement to avoid a “trade war,” but Canadian Prime Minister Mark Carney called off the talks, accusing Donald Trump of changing the terms of the deal.
Last week, the two countries were close to reaching an agreement to avoid a “trade war,” but Canadian Prime Minister Mark Carney called off the talks, accusing Donald Trump of changing the terms of the deal.
One poll found that 36% of Canadians support retaliatory tariffs against the US, while another found that 56% want the government to maintain a tough stance.
Carney also announced $7.5 billion in support for businesses and workers affected by US tariffs, through programs aimed at limiting job losses and helping businesses remain viable.
Polls indicate that a majority of Canadians support the government maintaining a firm stance towards the US. However, questions remain over exactly why the trade talks collapsed.
One poll found that 36% of Canadians support retaliatory tariffs against the US, while another found that 56% want the government to maintain a tough stance.
Source: BBC
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