World · Malaysia Bureau
Canada set to retaliate after US imposes 50% tariffs on goods
Negotiations between Canada and the United States have collapsed, with new 50% duties now in effect on select Canadian products. Ottawa is preparing a retaliatory response to the tariffs.
LSN Malaysia ·
The Canadian government is preparing to announce countermeasures after the United States implemented 50% tariffs on certain Canadian goods, marking the end of weeks of failed diplomatic talks between the two nations.
The tariffs have already taken effect, dealing a significant blow to Canadian exporters and escalating trade tensions between the neighbouring countries. Despite extensive negotiations, both sides were unable to reach an agreement to prevent the new duties from being imposed.
Ottawa's retaliation is expected to target select American products in response to the tariff action. The move underscores the deteriorating trade relationship between the two largest trading partners, with Canadian officials signalling they will not accept the tariffs without a forceful response.
The dispute comes amid broader trade friction between North America and the United States, with Canadian businesses bracing for the economic impact of the new duties on cross-border commerce.