Canada to Start Retaliatory Tariffs on US Goods Beginning Sept. 8
The United States imposed new 50 percent tariffs on some Canadian imports on Aug. 22 after trade negotiations failed.
TL;DR
- Canadian Prime Minister Mark Carney announced retaliatory tariffs on U.S. goods.
- The tariffs will take effect on September 8.
- These tariffs are a response to the U.S. imposing 50 percent tariffs on certain Canadian goods.
- The U.S. tariffs were imposed after the failure to reach a trade deal.
- Carney believes this action is in the best interest of Canada.