Canadian Prime Minister Mark Carney has announced retaliatory tariffs against the United States on a "dollar-for-dollar" basis, according to the website infohub.kz.
According to CNN, Canada's countermeasures, which take effect on September 8, will target steel, dairy products, household appliances, agricultural equipment, pulp, paper, and electronics.
"In recent days, the United States proposed new terms that were unprofitable, unfair, and undermined the net benefit for Canada, while also calling into question the reliability of any deal. In short, they demanded too much and offered too little," Carney said.
It is noted that Canada offered some concessions as part of the deal, including scrapping last year's retaliatory measures and bringing American alcohol back to Canadian stores. However, according to Carney, the US "did not agree to reasonable economic terms" for key industries, including the automotive sector. At the same time, the Canadian PM stressed that his government will never grant the US exclusive access to critical minerals.
As CNN notes, the latest conflict stems from the steady deterioration in trade relations between the US and Canada since Trump's return to the presidency. Earlier, the Trump administration granted Canada a three-day reprieve from the tariffs.