Canada Hits Back At US With Tariffs Up To 50Percent
· World · Times of India, Euronews, Politico
Canada announced retaliatory tariffs of up to 50 percent on approximately $27.6 billion worth of US goods following the collapse of trade negotiations between Ottawa and Washington. The new measures, taking effect on September 8, cover products including dairy, seafood, paper, furniture, apparel, cosmetics, and motorcycles, with steel and aluminium duties doubling to 50 percent. Prime Minister Mark Carney accused Washington of attempting to subordinate Canadian industries during the failed talks. US President Donald Trump responded by warning Canadian leaders to fall in line and threatened further 50 percent tariffs on Canadian vehicles and auto parts.
Why it matters
The escalating trade dispute between the US and Canada threatens cross-border supply chains, manufacturing sectors, and agricultural exporters in both nations.
Read the original report — Times of India
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