DistantNews
Support us
🇦🇺 Australia /Economy & Trade

Trump hits back at Canada after retaliatory tariffs announced

From ABC Australia · () English

Summarized and contextualized by DistantNews.

At a glance

News From a news agency New plan
  • The United States and Canada have imposed retaliatory tariffs on each other following a breakdown in trade negotiations.
  • President Donald Trump criticized Canada's tariffs on US goods, particularly targeting farmers, while Canada's tariffs notably impact US steel and dairy industries.
  • The trade dispute complicates the future of the US-Mexico-Canada free-trade pact and could harm vulnerable Canadian industries, leading to potential job losses.

President Donald Trump has escalated a trade dispute with Canada, hitting back after Prime Minister Mark Carney announced retaliatory tariffs. Trump took to social media platform Truth Social to criticize Canada's trade practices, stating, "Canada wants the benefits of being a State, without being one!!!" He also accused Canada of imposing "massive amounts of Tariffs" on American farmers for years, declaring, "No more!!!"

Canada wants the benefits of being a State, without being one!!!

— Donald TrumpUS President Donald Trump's statement on Truth Social criticizing Canada's trade practices.

Canada's new tariffs, set to take effect on September 8, specifically target US steel and dairy sectors. These measures follow new US tariffs of 50 percent on approximately $20 billion worth of Canadian goods, which came into force on Saturday. The "dollar for dollar" tariffs impact imports of US steel, electronics, and other products, further straining relations between the two longtime allies and major trading partners.

They have also charged our great farmers, for many years, massive amounts of Tariffs. No more!!!

— Donald TrumpUS President Donald Trump's statement on Truth Social regarding Canadian tariffs on US farmers.

The breakdown in trade negotiations occurred Friday after three days of intensive talks, with both sides blaming the other for derailing the process. This failure casts uncertainty over the future of the US-Mexico-Canada free-trade pact. The US tariffs affect sectors including wine, furniture, dairy, cement, clothing, fishing rods, and hockey equipment, with few Canadian exports to the US shielded by the existing trade deal over the past 18 months.

We will be mobilising our network of businesses in all regions and all sectors to brace for impact and make the best of a bad situation.

— Candace LaingCEO of the Canadian Chamber of Commerce, commenting on the impact of the tariffs.

Canadian business leaders are preparing for the impact. Candace Laing, CEO of the Canadian Chamber of Commerce, stated, "We will be mobilising our network of businesses in all regions and all sectors to brace for impact and make the best of a bad situation." Ontario Premier Doug Ford supported Carney's decision to retaliate, calling the failed deal "a bad deal for Ontario. It was a bad deal for the auto sector, the steel sector, and the manufacturing sector." Trade experts warn that vulnerable Canadian industries like softwood lumber and wine could suffer severe damage, potentially leading to job losses and business closures.

I'm glad he didn't sign that deal because it was a bad deal. It was a bad deal for Ontario. It was a bad deal for the auto sector, the steel sector, and the manufacturing sector.

— Doug FordOntario Premier Doug Ford supporting Canada's decision to retaliate with tariffs.
DistantNews Editorial

Originally published by ABC Australia. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog