Canadian PM vows US tariffs after trade talks fail

Canadian Prime Minister Mark Carney has pledged to impose retaliatory tariffs worth $20 billion on the United States in response to the failure of trade negotiations between the two countries. These tariffs are set to take effect on September 8 and will target sectors such as dairy, steel, household appliances, and timber. This move comes after the United States imposed a 50% tariff on Canadian goods valued at $20 billion. Carney emphasized that the situation reflects a decline in trust and trade cooperation between the two nations and has a negative impact on international companies. It is also worth noting that Canada continues to strengthen its economy and reduce dependence on the United States, with ongoing growth in the labor market and foreign investment.

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