Mark Carney: "in the coming days, we will release the details of these new tariff measures…"

After last-minute talks failed, the United States placed 50% tariffs on $20 billion of Canadian imports, hitting roughly 5% of Canada’s annual exports to its neighbour. Prime Minister Mark Carney, speaking in Ottawa, said Canada would publish its planned retaliatory duties within days and apply them after the Labour Day holiday. He said those measures would target steel, dairy, appliances, farm equipment, pulp and paper, and electronics. Washington’s chief negotiator, Jamieson Greer, said the US was responding to Canadian retaliation, and no further talks were planned. The breakdown strained the longtime allies and raised questions about the future of the North American trade agreement; Ontario’s premier voiced support for Carney’s response.