The United States has imposed 50 percent tariffs on about $20 billion worth of Canadian goods after trade negotiations between Washington and Ottawa failed to produce an agreement.
The new tariffs took effect after a deadline set by US President Donald Trump expired at 12:01 a.m. Eastern Time on Saturday. Officials from both countries confirmed that they had failed to reach a final trade deal following three days of negotiations in Washington, DC.
Canadian Prime Minister Mark Carney said Canada would respond by imposing retaliatory tariffs “dollar for dollar” on American products.
Carney said Canada had made significant progress during the negotiations but that the results were not sufficient to meet Ottawa’s objectives. He also said the government would introduce measures to support Canadian workers and businesses affected by the trade dispute.
US Trade Representative Jamieson Greer blamed Canada for the failure of the negotiations, accusing Ottawa of refusing to finalise an agreement and introducing new demands.
The tariffs will affect roughly 5 percent of Canadian exports to the United States, including electronics, industrial machinery and dairy products. They come on top of existing US tariffs on Canadian steel, lumber and automobiles.
The latest measures are part of a broader trade dispute that has continued between the two countries since Trump introduced tariffs on key Canadian imports early in his second term. Canada responded with its own countermeasures.
Canadian businesses that rely on exports to the US could face significant losses as a result of the new tariffs.
Trade expert Julian Karaguesian of McGill University warned that 50 percent tariffs could make hundreds of Canadian products too expensive to remain competitive in the US market.
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