Canada Slaps Tariffs on US in Retaliation for Trade Talks Breakdown

Canadian Prime Minister Mark Carney announced on Saturday that his government would impose new tariffs on the US in retaliation for the breakdown of trade talks. The move comes after Canada walked away from negotiations with the US, which had proposed new terms that were deemed 'uneconomic and unfair' by Carney.

The Canadian leader stated that the US had asked for too much and offered too little, accusing Trump of launching a trade 'war'. He also noted that Canada has been seeking relief from tariffs on autos, steel, and aluminum, which have battered the country's economy and strained the once-strong trade relationship between the two nations.

The new Canadian tariffs will target the US steel and dairy industries and take effect on September 8. Carney said further details would be released next week.