CP NewsAlert: Carney says counter tariffs to take effect next month


Prime Minister Mark Carney speaks about Canada’s response to new U.S. tariffs during a news conference on Parliament Hill in Ottawa on Saturday, Aug. 22, 2026. THE CANADIAN PRESS/Patrick Doyle – The Canadian Press

OTTAWA — Prime Minister Mark Carney says counter tariffs will hit the U.S. starting next month.

He says Canada is walking away from a “bad deal” with the U.S. and will diversify trade abroad.

He says Canada will match Washington’s new tariffs dollar-for-dollar and that the levies will be targeted on sectors such as steel, dairy, appliances, agricultural equipment, pulp and paper and electronics.

Carney says the counter tariffs will come into force on Sept., 8, the day after Labour Day.

Carney suspended talks with the United States and summoned his negotiators back to Ottawa, with new 50 per cent tariffs on billions of dollars in Canadian exports to the U.S. taking effect at 12:01 a.m.

Carney has also said the government will introduce measures to support Canadian workers and businesses in the coming days.

More coming.

Catherine Morrison, The Canadian Press



Source link

  • Related Posts

    Has the European turnaround finally arrived?

    Europe just had its best reporting season in years. Companies in the benchmark Stoxx Europe 600 index boosted earnings per share by 18% on average in the second quarter compared…

    Trump’s trade war with Canada: A timeline of how we got here

    CHICAGO (AP) — President Donald Trump’s barrage of tariffs — and threats of even more — has strained the United States’ longstanding relationship with Canada. Over the course of his…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Has the European turnaround finally arrived?

    Has the European turnaround finally arrived?

    Air Jordan 5 Retro ‘Halloween’ Release Date HQ7978-001

    Air Jordan 5 Retro ‘Halloween’ Release Date HQ7978-001

    Canada Gazette – Part I, April 30, 2022, Vol. 156, No. 18

    Trump’s trade war with Canada: A timeline of how we got here

    Trump’s trade war with Canada: A timeline of how we got here

    Transfer rumors, news: Liverpool eye Endrick in case Minteh deal fails

    Transfer rumors, news: Liverpool eye Endrick in case Minteh deal fails

    Wordle Hints, Answer and Help for Aug. 22, #1890

    Wordle Hints, Answer and Help for Aug. 22, #1890