Prime Minister Mark Carney announced on August 22 that Ottawa will impose retaliatory import taxes targeting steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, matching US tariffs « dollar for dollar. » Washington implemented a 50% tariff on approximately $20 billion worth of Canadian exports, covering about 5% of Canada’s total shipments south of the border. Negotiations collapsed after the US introduced last-minute changes the Canadian side deemed « unfair and non-economic, » prompting Ottawa to suspend discussions and recall its negotiators. Carney also signaled that support measures for Canadian workers and businesses affected by the tariff fallout are on the way.
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