Canada announces retaliatory tariffs to begin Sept. 8
The Hill · C · trust 70/100
Comments: by Sarah Davis - 08/22/26 12:27 PM ET Comments: Link copied by Sarah Davis - 08/22/26 12:27 PM ET Comments: Link copied NOW PLAYING Canadian Prime Minister Mark Carney said Saturday morning that the country will enact retaliatory tariffs on the U.S. beginning on Sept. 8 in response to the Trump administration’s new 50 percent tariffs .
The prime minister said during a press conference that the country will “match Washington’s new tariffs dollar for dollar in order to protect Canadian workers, farmers, families and businesses.”
Carney said his government will release more details about these retaliatory policies in the “coming days” and that the tariffs would apply to goods like steel, dairy, appliances, agricultural equipment, pulp and paper and electronics.
He stressed during his morning remarks that the Canadian government “take[s] this step reluctantly.”
“Reluctantly because we recognize that some of these measures will raise costs and reduce choice for Canadians,” Carney said. “Reluctantly because we recognize that some U.S. companies and some U.S. states are innocent bystanders in a dispute that they did not want. Reluctantly because this trade dispute is preventing Canada and America from doing so much good that we could do together.
“But at the same time, we take this step confident that it is in the best interest of Canada,” the prime minister added.
The new U.S. tariffs, which went into effect at midnight, impose a 50 percent tariff on over $20 billion worth of Canadian goods. This impacts a wide range of imported products, from wine to hockey sticks to cement.
In a statement released earlier in the day, Carney announced that he had instructed Canadian negotiators to walk away from these trade negotiations on Friday evening, just hours before the new U.S. policies went into effect.
Carney said he made this decision after U.S. negotiators introduced new terms at the last minute.
U.S. Trade Representative Jamieson Greer pushed back on this characterization of these talks in a statement shared on social media.
“Despite the U.S. 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,” he wrote, calling this a “missed opportunity” for an economic partnership between the two countries.
Read the original at The Hill →
Open in TruthVane →