'Everything on the table' as Canada plans response to US tariffs
Summary
Canada is preparing its response after the United States announced new tariffs of 50% on about 20 billion Canadian dollars worth of Canadian goods. Canadian Prime Minister Mark Carney said all options are open depending on how talks with the US progress before the tariffs start on August 19.Key Facts
- The US will impose 50% tariffs on certain Canadian imports starting August 19.
- These tariffs target Canadian products like wine, hockey sticks, dairy, alcohol, and some industrial goods such as cement.
- Some Canadian exports, like energy, potash, critical minerals, and fish, are exempt from these tariffs.
- Canada is discussing a range of possible responses but has not specified any specific actions.
- Prime Minister Mark Carney met with provincial leaders to coordinate Canada's reply and support affected workers and businesses.
- The tariffs come amid ongoing, slow negotiations to update the North American trade deal (USMCA) between the US, Canada, and Mexico.
- The US says the tariffs aim to protect American workers and address the trade deficit with Canada.
- US Trade Representative Jamieson Greer hopes to have interim agreements with Canada and Mexico by the end of the year, but tougher issues may take longer.
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