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Business & Finance

US slaps 50% tariffs on US$20 billion of Canadian goods after trade talks fail

US slaps 50% tariffs on US$20 billion of Canadian goods after trade talks fail
Key Points

The United States imposed 50 per cent tariffs on US$20 billion worth of Canadian products early on Saturday and Canada immediately said it would retaliate, after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies. US President Donald Trump’s import taxes will hit about 5 per cent of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors. “Canada will match those...

The United States imposed 50 per cent tariffs on US$20 billion worth of Canadian products early on Saturday and Canada immediately said it would retaliate, after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies. US President Donald Trump’s import taxes will hit about 5 per cent of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors. “Canada will match those tariffs...
US (LOCATION) Canadian (ORG) The United States (LOCATION) Canada (LOCATION) Donald Trump (PERSON)
Originally published by South China Morning Post Read original →