Trump slaps 50% tariffs on Canada as Carney fires back with matching levies

Early Saturday, President Donald Trump imposed 50% tariffs on $20 billion worth of Canadian products after the two allies failed to reach a deal.

Canada has since promised to set an immediate, equivalent retaliatory levy package. Canadian Prime Minister Mark Carney particularly asserted that they would match the U.S. tariffs dollar for dollar.

Earlier this week, both sides had hinted at substantial progress in their negotiations, raising hopes that a trade deal was within reach. However, speaking with reporters on Friday, U.S. Trade Representative Jamieson Greer blamed Canada for the setback, claiming that Ottawa had retreated from the terms they had previously agreed to finalize. 

He noted, “Tonight, Canada declined to finalize the trade deal under the terms agreed earlier this week. Despite the U.S. offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk-backs of other commitments by Canada have upended the careful balance reached in the past days.” 

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