1 week ago

Trump and Canada Escalate Trade Fight Over Retaliatory Tariffs

Trump and Canada Escalate Trade Fight Over Retaliatory Tariffs
Canada to announce retaliatory tariffs against US as Trump tells its leaders to ‘fall in line’ · indianexpress.com

The United States and Canada are arguing over tariffs, which are extra taxes on goods traded between countries.

Their trade talks broke down, making the disagreement worse.

Canada said it would respond with tariffs on some American products.

One report said those tariffs would target US steel and dairy and begin on September 8.

Another report said Canada was still expected to announce the measures on Tuesday.

The reports therefore give different timelines for Canada's action.

The United States has already imposed 50-percent tariffs on about $20 billion of Canadian goods.

President Donald Trump also threatened more tariffs on Canadian vehicles, auto parts and steel.

Prime Minister Mark Carney said the US actions could harm Canadian workers and industries.

Key facts

US tariff rate
50 percent
Canadian goods affected
About $20 billion in goods, or 5.5 percent of Canadian exports to the United States
US tariff start
Saturday
Reported Canadian tariff targets
US steel and dairy industries
Reported Canadian tariff start date
September 8
Additional US tariff threats
Vehicles, auto parts and steel
Canadian approach
Mark Carney said Canada might use targeted measures rather than match US tariffs dollar for dollar

Quotes

Donald Trump

US president who responded to Canada’s retaliatory tariff announcement

“They have also charged our great farmers, for many years, massive amounts of Tariffs. No more!!!”
deccanchronicle.com
“Canada wants the benefits of being a State, without being one!!!”
deccanchronicle.com

Sources

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