Ottawa, Aug. 24:
Canadian Prime Minister Mark Carney has vowed to retaliate against the United States with “dollar-for-dollar” tariffs after trade talks between the two countries broke down, escalating tensions between two of North America’s biggest trading partners.
In a nationally televised address, Carney said Canada’s counter-tariffs on about $20 billion worth of American goods would take effect from September 8. The measures are expected to cover products ranging from dairy and steel to appliances, pulp and paper and electronics.
Carney said Canada had attempted to resolve its trade differences with Washington through negotiations but would respond firmly when its economic interests were threatened.
The decision marks a significant escalation in the trade dispute and could affect businesses and consumers on both sides of the border. Canada and the US have deeply integrated supply chains, particularly in manufacturing, agriculture, energy and industrial goods.
The Canadian government’s decision also signals that Ottawa is prepared to use retaliatory measures rather than accept unilateral US trade restrictions.
The latest tariff confrontation comes amid broader uncertainty in global trade, with countries increasingly seeking to protect domestic industries while attempting to preserve access to major international markets.
Canadian officials are expected to continue discussions with Washington even as preparations for the retaliatory tariffs move ahead.