Canada says it will match US tariffs 'dollar for dollar' as trade talks break down
Summary
Canada has stopped trade talks with the United States and will match new U.S. tariffs on Canadian goods with equal tariffs on U.S. products. The U.S. imposed 50% tariffs on a variety of Canadian items after talks failed just before a deadline.Key Facts
- The U.S. imposed new 50% tariffs on many Canadian goods starting at midnight on August 22, 2026.
- Canadian Prime Minister Mark Carney announced Canada’s plan to impose equivalent tariffs on U.S. goods “dollar for dollar.”
- Talks broke down because Canada said last-minute changes by the U.S. were unfair and economically damaging.
- Earlier, President Donald Trump had paused tariffs, believing a deal was close.
- Negotiators had been trying to reduce existing tariffs on Canadian steel, aluminum, and autos.
- Canada was asked to allow U.S. alcohol sales in its provinces as part of the deal.
- The tariffs affect products like wine, dairy, cement, clothing, and hockey equipment.
- U.S. officials said Canada rejected previously agreed terms and made new demands.
- Businesses on both sides warn higher tariffs could harm economies and jobs.
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