Canada will enact retaliatory US tariffs starting September 8

Canadian Prime Minister Mark Carney announced retaliatory tariffs against the US following its imposition of steep duties on nearly $20 billion of Canadian goods. The tariffs will take effect on September 8 and will target various US imports, including steel and dairy.

Carney expressed disappointment, stating, "We take this step reluctantly,” after negotiations failed due to new US demands he deemed unreasonable. He criticized the US for its shifting rationale behind the tariffs, noting Trump's disruptive influence in trade relationships. Carney emphasized that Canada would continue to diversify its trade partnerships despite the escalating tensions.