Carney said the equivalent dollar-for-dollar counter-tariffs will focus on sectors such as dairy, steel, household appliances, farming equipment, electronics, and pulp and paper
Early Saturday, the United States imposed 50% import tariffs on $20 billion in Canadian goods.
In response, Canada announced plans to launch retaliatory measures starting Sept. 8, after final talks aimed at easing growing friction between the two long-standing allies broke down.
The duties introduced by Donald Trump impact roughly 5% of Canada’s annual exports across the border, affecting items as diverse as tongue depressors and hockey sticks.
Speaking from Ottawa, Carney stated during a 22-minute address to Canadians, "in the coming days, we will release the details of these new tariff measures, which will come into force the Tuesday after Labor Day."
Not looking good at all. According to yesterday's Guardian, negotiations are futile:
"The calamitous collapse of trade negotiations between Canada and the United States is a warning to nations worldwide that pursuing any kind of dialogue with the current US administration is doomed at the outset, according to observers who say this recent episode indicates seeking a fair deal is futile."