Canadian Prime Minister vows retaliatory tariffs “greenback for greenback” following failure to safe a US commerce settlement.
Revealed On 22 Aug 2026
The USA has put 50-percent tariffs on about $20bn price of Canadian items after commerce negotiators from the 2 nations failed to finalise a commerce deal, regardless of three days of talks in Washington DC.
With a deadline imposed by US President Donald Trump expiring at 12:01am Japanese Time (0401 GMT) on Saturday, US and Canadian officers made clear that an settlement had not been reached.
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Canadian Prime Minister Mark Carney stated that his nation would match the new tariffs “greenback for greenback”.
“In latest weeks, we made essential progress in the direction of bettering Canada’s place as having the very best deal on this planet with the US,” stated Carney in an announcement. “Nevertheless, that progress has not been sufficient to fulfill our goals for Canadians.”
Carney shortly outlined what his authorities would do to guard Canadians from the affect of the commerce battle, saying that it could introduce within the coming days new measures to assist staff and companies.
US Commerce Consultant Jamieson Greer pinned the blame on Canada, saying that it was “a missed alternative for Canada to accomplice with america”.
“Canada declined to finalise the commerce deal underneath the phrases agreed earlier this week,” Greer stated. “Regardless of the US provide to Canada to obtain the very best therapy of any main exporter to our market, new calls for and stroll backs of different commitments by Canada have upended the cautious stability reached prior to now days.”
The tariffs will hit about 5 % of Canadian exports to the US, together with electronics, industrial equipment, and dairy merchandise, including to pre-existing US tariffs on metal, lumber, and autos.
Trump imposed tariffs on key imports from Canada early in his second time period final 12 months, prompting Ottawa to retaliate with a set of countermeasures.
The 2 nations have gone backwards and forwards ever since, with Trump periodically introducing new tariff threats.
The Trump administration had introduced the tariffs in late July after the US president accused Canada of “discriminatory therapy of American merchandise”.
However he had informed reporters on Friday that he anticipated a take care of Canada might be achieved – one thing that in the end didn’t show to be appropriate, for now.
The tariffs will seemingly harm many Canadian companies exporting affected items to the US.
“Tariffs of fifty % would successfully value a whole bunch of Canadian items out of the US market,” Julian Karaguesian, a lecturer and commerce professional at McGill College in Montreal, informed Al Jazeera earlier this week.
