Canada announces retaliatory tariffs to begin Sept. 8
Canada has announced retaliatory tariffs to take effect on September 8, following the Trump administration's implementation of 50 percent tariffs on Canadian goods. Prime Minister Mark Carney confirmed the decision during a weekend press conference and framed it as a necessary protective response to Washington's actions.
Carney stated that Canada will impose tariffs matching the American increases dollar-for-dollar, though the announcement did not specify which sectors or products would be targeted by the retaliatory measures.
- Canada will enact retaliatory tariffs starting September 8 in response to U.S. tariffs
- PM Carney said tariffs will match American ones dollar-for-dollar
- Aim is to protect Canadian interests amid U.S. trade measures