BusinessQuiet 80d · day 80
Canada retaliates with 50% tariffs as Trump trade war escalates
Canada announces counter-tariffs on hundreds of American goods; negotiations stalled with September 8 deadline looming.
What to know
- Canada announced retaliatory tariffs up to 50% on hundreds of American goods, matching Trump's tariff rate imposed last Saturday.
- The White House has signaled no willingness to negotiate, with Trump threatening additional tariffs on Canadian automobiles starting in January.
- Canadian tariffs take effect September 8, creating a narrow window for both sides to negotiate before further escalation.
- U.S. border states—particularly Michigan, Ohio, and New York—face significant economic risk given their reliance on cross-border trade with Canada.
“The White House has maintained that there are not future talks planned and President Trump has said that there could be more tariffs coming for Canada.”
Aaron Navarro, CBS News White House correspondent · CBS News
President Trump U.S. President
Doug Ford Ontario PremierTom Barrett U.S. Congressman (Michigan)Aaron Navarro CBS News White House correspondent
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