US pushes tariffs on Canada and India, then offers relief for concessions
The US government has been raising import taxes on goods from Canada and India, then offering to lower them in exchange for concessions unrelated to trade.
The US government has been raising import taxes on goods from Canada and India, then offering to lower them in exchange for concessions unrelated to trade.
Canada has published a detailed list of new tariffs on $20 billion of American goods, including steel, dairy, fish, furniture and cosmetics, matching tariffs the United States already placed on Canadian goods.
US President Donald Trump says he will double tariffs, taxes on imported goods, on Canadian-made cars and parts to 50%, and add new tariffs on Canada starting January 2027, after trade talks in Washington collapsed and Canadian negotiators walked out.
Canadian Prime Minister Mark Carney said Canada is now 'at war' with the United States over trade, after talks between the two countries broke down.
The US and Canada had said a trade deal was nearly done, but talks broke down at the last minute.
Trade talks between the United States and Canada have stalled, and Washington is threatening tariffs of up to 50% on Canadian goods.
China announced new measures against the United States, including putting American firms on a trade blacklist and tightening controls on drone exports.
Washington's new tariff wall has moved the story from complaint to counter-move, with Canada threatening its 'full range' of retaliation and allies from Brussels to Canberra contesting the reasoning itself.
Trump's new tariffs of up to 12.5% on 60 countries replace levies expiring Friday, recast as a crackdown on forced-labour imports after the Supreme Court struck down his earlier measures.
President Donald Trump imposed a 50% tariff on roughly $20 billion of Canadian goods, prompting Prime Minister Mark Carney to say Canada would not 'bow down' as a new North American trade conflict opened.
The United States is imposing a 25% tariff on Brazilian imports at President Trump's direction, escalating its trade war to reach the world's tenth-largest economy and raising the risk of fresh commodity and supply-chain shocks.