Carney calls Trump's fresh tariffs a 'miscalculation' after trade talks collapse
Summary
Canada's Prime Minister Mark Carney said new U.S. tariffs on Canadian goods are a mistake meant to harm and divide the two countries. After trade talks collapsed over disagreements, Canada announced it will respond by imposing tariffs on U.S. products starting September 8.Key Facts
- Canada and the U.S. could not reach a trade deal after talks ended on Friday night.
- Both sides blamed each other for making last-minute changes that broke the deal.
- The U.S. will impose new 50% tariffs on several Canadian goods, including steel, dairy, appliances, and electronics.
- Canada will retaliate by matching the U.S. tariffs dollar-for-dollar beginning September 8.
- Prime Minister Mark Carney said Canada refused to compromise its sovereignty and called the U.S. tariffs a "miscalculation."
- The Canadian response to tariffs is described as reluctant but necessary to protect the country’s interests.
- Details of Canada's counter-tariffs will be announced soon.
- President Donald Trump has not yet made a public comment on the trade dispute or retaliation.
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