Wednesday, August 26, 2026
25.7 C
London

Canada will impose retaliatory tariffs on US goods beginning Sept 8 | World News

Mark Carney, Canada PM

Canadian Prime Minister Mark Carney (File Photo: PTI)


Canada will impose retaliatory tariffs on US goods beginning September 8, Canadian Prime Minister Mark Carney said Saturday.


The move escalates a trade conflict after Washington imposed 50 per cent tariffs on about USD 20 billion worth of Canadian products and last-ditch negotiations collapsed late Friday in Washington.


Carney said the dollar-for-dollar retaliation would target steel, dairy, appliances, agricultural equipment, pulp and paper and electronics. Details of the specific products will be released in the coming days.


Carney, speaking in Ottawa, also disclosed that Canada had been willing to drop remaining retaliatory tariffs on steel, aluminum and autos if the United States substantially lowered its own, and to encourage provinces to restore US alcohol sales.

 


But he said Washington’s final demands went too far, saying, “They asked too much and offered too little,” Carney said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Aug 22 2026 | 9:16 PM IST

Source link

Hot this week

JSW, SAIC discuss fresh capital as MG Motor plans its next growth phase | Industry News

JSW Group and China’s SAIC Motor are discussing the...

Republican with same name as incumbent Dan Sullivan advances from Alaska US Senate primary

JUNEAU, Alaska -- A candidate with the same...

German chipmaker Infineon takes Bengaluru office on ₹750 crore lease deal | Company News

German semiconductor major Infineon Technologies has leased 632,000 square...

Govt revises raw sugar import terms, gives 2 months for refining and sale | Economy & Policy News

In a relief to importers, the Union government...

Cygnett Hotels Expands Odisha Footprint With New Cozzet VICASA Gopalpur Coastal Resort Launch in 2027

Cygnett Hotels & Resorts has strengthened its expansion plans...

Topics

spot_img

Related Articles

Popular Categories

spot_imgspot_img