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Carney calls Trump's fresh tariffs a 'miscalculation' after trade talks collapse
BBC • • nation
Key Points:
- Canadian Prime Minister Mark Carney condemned new US tariffs on Canada as a "miscalculation" intended to "hurt and divide" the two countries, following the collapse of trade talks.
- Canada plans to retaliate with matching tariffs on US goods starting 8 September, targeting sectors such as steel, dairy, appliances, and electronics.
- The new US tariffs, which cover about $20 billion of Canadian imports including wine, dairy, and hockey equipment, add to existing duties on steel, aluminum, automobiles, and lumber.
- Trade negotiations broke down due to mutual accusations of last-minute demands and unfair terms, with no immediate plans to resume talks according to US trade representatives.
- Canadian political leaders across parties and provinces largely support Carney's stance, warning of potential job losses and economic harm, while urging for renewed negotiations.
