Canadian Prime Minister Mark Carney has promised he will respond to new US tariffs “dollar for dollar” after trade talks between the two countries broke down on Friday night.<\/p>\n
The deadline set by US President Donald Trump for a deal to be reached passed without an agreement, meaning 50% tariffs on Canadian goods worth around $28 billion entered force on Saturday.<\/p>\n
“I have decided to suspend trade negotiations with the US and have directed Canada’s negotiators to return to Ottawa,” Carney said in a statement published shortly before the deadline expired.<\/p>\n
“They have worked hard, in good faith, to defend the interests of Canadians throughout these negotiations up until the very last minute,” he added. “However, last-minute changes in the US proposed terms were unfair, uneconomic, and called into question the reliability of any deal.”<\/p>\n
Canada will match the US tariffs “dollar for dollar” Carney said, pledging to support workers and business affected by the disruption.<\/p>\n
US Trade Representative Jamieson Greer confirmed the failure of the talks.<\/p>\n
“Tonight, Canada declined to finalize the trade deal under the terms agreed earlier this week,” he wrote on X, calling the breakdown a “missed opportunity.”<\/p>\n
“Despite the US offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk backs of other commitments by Canada have upended the careful balance reached in the past days,” Greer said.<\/p>\n
The new tariffs are the latest milestone in Trump’s remaking of US trade policy since he returned to office last year.<\/p>\n
Under a White House statement from July 20, the 50% tariffs were set to take effect after 30 days and apply to products including wine, hockey sticks, furniture and dairy products.<\/p>\n","protected":false},"excerpt":{"rendered":"Canadian Prime Minister Mark Carney has promised he will respond to new US tariffs “dollar for dollar” after…\n","protected":false},"author":2,"featured_media":178384,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[17,56557,43784,111,202,4780],"class_list":["post-178383","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mark-carney","tag-canada","tag-dollar-for-dollar","tag-general-dynamics","tag-mark-carney","tag-president-donald-trump","tag-trade-talks"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/178383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=178383"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/178383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/178384"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=178383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=178383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=178383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}