US-Canada trade talks have broken down. The US has imposed a 50% tariff on some Canadian goods, which has taken effect. Canada announced that it will impose equivalent retaliatory tariffs on US$20 billion worth of US goods on September 8.
U.S. Trade Representative Greer announced that due to Canada's refusal to finalize a trade agreement by the deadline, the United States imposed a 50% tariff on certain Canadian goods on August 22. Canadian Prime Minister Carney responded by stating that the harsh terms proposed by the U.S. undermined national sovereignty and core industries, and Canada would impose equivalent retaliatory tariffs on $20 billion worth of U.S. goods, effective September 8.
Source:华尔街见闻 · Source Link
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