US President Donald Trump will impose a 50% tariff on Canadian goods worth 20 billion dollars from Saturday midnight.
US-Canada trade deal collapses, Trump imposed a 50% tariff: The 3-day trade deal talks between the US and Canada could not reach an agreement. After this, US President Donald Trump imposed a 50% tariff on Canadian goods. These tariffs will come into force at midnight on Saturday.
This step has increased the already ongoing diplomatic and economic tension between the two neighboring countries. Last year, the bilateral trade between the two countries was about 880 billion dollars. Canadian Prime Minister Mark Carney has also indicated to impose tariffs on America. ‘Canada will respond with equal tariffs to protect its workers and businesses,’ he said.
The 3-day trade deal talks between the US and Canada failed. After this, US President Donald Trump will impose a 50% tariff on Canadian goods worth 20 billion dollars starting at midnight on Saturday. The tariff is about 5% of Canada’s total exports to the US. U.S. Trade Representative Jamieson Greer said Friday that Canada has refused to finalize a trade deal under the terms agreed earlier this week. The US had previously planned to implement these tariffs from Wednesday at midnight. However, President Donald Trump extended the deadline by three days to allow time for negotiations. Despite this, no agreement could be reached in the last round of talks.
