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Canada to "respond dollar for dollar" to U.S. tariffs
After the collapse of negotiations, Canada announces retaliation equivalent to U.S. tariffs on goods.
Trade negotiations between the United States and Canada have failed, leading Canada to decide to impose tariffs in response to those imposed by the U.S. Canadian Prime Minister Mark Carney criticized the United States, stating that the demands made were 'too' high.
Canada plans to impose equivalent tariffs on goods worth about 20 billion Canadian dollars, starting September 8. This information was released after both countries failed to reach a new trade agreement.
Canadian sectors affected by the retaliation include steel, electronics, and agricultural equipment. The Canadian government is preparing a significant response to the tariffs introduced by the U.S.
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Mark Carney indicated that Canada will proceed with these measures as a way to protect its economy and the competitiveness of its products in light of U.S. impositions.
Frustration with the outcome of the negotiations has been evident, and Canada is committed to taking measures it deems necessary to safeguard its trade interests.