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08.09.26 - 08:00
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Canada′s retaliatory US tariffs take effect as trade dispute grows (The Guardian)
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Counter-measures covering several sectors come after Trump announced 50% tariffs on Canadian goods Canada's retaliatory tariffs on billions of dollars' worth of American imports have come into effect, escalating a trade fight that has been marked by intensifying tensions between US president Donald Trump and Canadian prime minister Mark Carney.The tariffs took effect at 12.01am on Tuesday, and range from 15% to 50% and apply to products covering $20bn in imports from the US. The measures target sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics – industries that have been most affected by US tariffs. Continue reading......
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08.09.26 - 06:30
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Canada Imposes Tariffs Up to 50% on the US (Bloomberg)
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Canada imposed tariffs of 15% to 50% on hundreds of products from the US as Prime Minister Mark Carney bets that standing up to President Donald Trump will help Ottawa's negotiating position. Bloomberg's Rosalind Mathieson has the context. (Source: Bloomberg)...
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08.09.26 - 00:09
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Canada′s Tariff Strategy Designed To Interfere With U.S. Midterm Elections (ZeroHedge)
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Canada's Tariff Strategy Designed To Interfere With U.S. Midterm Elections
Late last month, Canadian Prime Minister Mark Carney walked away from a trade deal with the United States. According to Treasury Secretary Scott Bessent, Canada was "offered the best trade deal of any country on the globe," but Carney abandoned the deal "at the last minute."
According to the White House, "the U.S. offered Canada the most preferential market access of any country on Earth, with deep cuts on steel, aluminum, autos, lumber, and more. Instead of partnership, Canada chose unreasonable demands, walk-backs, and flat-out rejection." Canada responded with retaliation rather than negotiation, becoming the only other country besides China to do so.
And the reason is that Canada is trying to influence the 2026 midterm elections in the United States.
After the trade negotiations failed, Canadian officials announced that tariffs of up to 50% will hit roughly 700 American products starti...
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