The United States imposed 50% tariffs on $20 billion worth of Canadian products early Saturday, and Canada immediately said it would retaliate, after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies.
Donald Trump’s import taxes will hit about 5% of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors.
“Canada will match those tariffs dollar for dollar to protect our workers and businesses,” Canadian Prime Minister Mark Carney said in a statement. The retaliation escalates the trade conflict and calls into question the future of a North American trade pact between the United States, Canada and Mexico that is crucial to industry in all three countries.
You can’t make deals with narcissists, they are meaningless. He signed the trade agreement he’s now bitching about, toured it as the bestest everest at the time. Now it’s garbage. The only thing he’s interested in is bullying, what he mistakes for shows of strength and domination. That’s why he will sabotage his own negotiations like he did here and like he’s been doing in Iran. There is zero reason to engage with him at all. The world is better off making new trade deals without the US and let us sink. Weather the depression it will cause because that’s coming regardless.