Canada vows to match Trump's tariffs ‘dollar for dollar'
Meanwhile, the Economic Times daily newspaper is available online now.
Meanwhile, the Economic Times daily newspaper is available online now.
Article outline
- What happened
- The key numbers
- The details
- The bottom line
Key points
- Canada refuses to finalise US trade accord, Trump official Jamieson Greer states Canada notes US terms crossed a line.
- Canada will match United States tariffs dollar for dollar after discussions broke down.
- The US tariffs are set to take effect at 12: 01 a.m.
- "Throughout, our goal has been to secure the best deal for Canadians, never a deal at any price or on any deadline, " Carney remarked.
- Canada vows to match Trump's tariffs 'dollar for dollar' as trade accord with US falls apart.
Canada vows to match Trump's tariffs 'dollar for dollar' as trade accord with US falls apart. ET OnlineLast Updated: Aug 22, 2026, 09: 27: 00 AM IST.
Canada will match United States tariffs dollar for dollar after discussions broke down. Washington intends to impose fifty percent duties on almost twenty billion dollars of Canadian imports. These United States tariffs are set to take effect at midnight on Saturday. Canada suspended negotiations after the latest United States proposals failed to meet objectives. Meanwhile, the country will match the United States tariffs dollar for dollar.
As last-ditch trade discussions between the two neighbours broke down, canada will match US tariffs "dollar for dollar" after Washington moved to impose 50% duties on almost $20 billion of Canadian imports, Prime Minister Mark Carney stated on Friday. The US tariffs are set to take effect at 12: 01 a.m. EDT on Saturday, according to US Trade Representative Jamieson Greer. Carney remarked Canada had suspended negotiations after the latest US proposals failed to meet Ottawa's objectives. In practice, the standoff follows three days of intensive negotiations in Washington, with both sides racing to reach an agreement before the tariff deadline.
Carney remarked Canada had produced progress in recent weeks but that the latest changes proposed by Washington were "unfair, uneconomic" and raised questions regarding the reliability of any future agreement. Live Events.
"Throughout, our goal has been to secure the best deal for Canadians, never a deal at any price or on any deadline, " Carney remarked. He directed Canada's negotiators to return to Ottawa and remarked the country would match the US tariffs dollar for dollar. More to come. Add Now!
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In short, canada vows to match Trump' s tariffs 'dollar for dollar' is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.
