Carney calls Trump's fresh tariffs a 'miscalculation' after trade talks collapse

Carney calls Trump's fresh tariffs a 'miscalculation' after trade discussions collapse.

Key points

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• "They asked too much and they offered too little, " Carney remarked in a speech to Canadians on Saturday morning.
• The prime minister continued that Canada will match US tariffs "dollar-for-dollar" from 8 September, including levies on steel, dairy, appliances and electronics.
• Carney remarked he walked away from a agreement since he was not prepared to "compromise Canada's sovereignty".
• Both countries were optimistic of a accord earlier in the week, but negotiations collapsed on Friday night after both sides accused the other of making last-minute changes.

After trade negotiations broke down late on Friday, canada's Prime Minister Mark Carney has remarked a fresh wave of US tariffs on Canada is a "miscalculation" designed to "hurt and divide us".

In practice, the prime minister continued that Canada will match US tariffs "dollar-for-dollar" from 8 September, including levies on steel, dairy, appliances and electronics. Donald Trump has yet to comment.

Now that discussions have broken down, Canada will be hit with new 50% US tariffs on a range of Canadian goods, along with existing US tariffs on Canadian steel, aluminium, automobiles and lumber.

Meanwhile, the prime minister remarked Canada was retaliating "reluctantly" to protect its interests. Details of the counter-measures will be published over the next few days, he stated.

Carney's speech on Saturday is his first address to Canadians after he confirmed late on Friday night that agreement would not be reached, accusing the Americans of making "last-minute changes" that were "unfair" and "uneconomic".

US negotiators, meanwhile, accused Canada of making "new demands and walk backs" on terms which had been agreed earlier in the week.

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In short, carney calls Trump' s fresh tariffs a ' miscalculation' after trade talks collapse is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.