Canada to Match U.S. Tariffs Dollar-for-Dollar as Trade Talks Collapse

Canada has vowed to impose retaliatory tariffs on U.S. goods on a dollar-for-dollar basis, following the United States' decision to implement a 50% tariff on Canadian products. This move comes after trade negotiations between the two countries failed to yield an agreement by the midnight deadline set by U.S. President Donald Trump.

Canadian Prime Minister Justin Trudeau stated that the U.S. abandoned previously agreed-upon commitments and introduced new demands at the eleventh hour, thereby disrupting the balance of the trade deal being negotiated. This breakdown in talks signals a significant rift in the recent relationship between Washington and one of its closest allies and trading partners.

The "combative foreign policy" of President Trump has reportedly caused dissatisfaction among officials in Ottawa, according to The Guardian. The British newspaper noted that both sides were close to an agreement on reducing tariffs for steel, aluminum, and automobiles, but the attempt ultimately collapsed at the last moment.