Canadian Prime Minister Mark Carney announced on Saturday that retaliatory tariffs on U.S. goods will take effect on Sept. 8.
“Let me be clear: We take this step reluctantly, reluctantly because we recognize that some of these measures will raise costs and reduce choice for Canadians,” Carney said during a press conference on Aug. 22.
The retaliatory tariffs were announced less than 24 hours after the United States imposed 50 percent tariffs on certain goods made in Canada, following the failure to reach a trade deal.
Carney said that by “rejecting a bad deal,” he remains confident that this path forward is in the “best interest of Canada.” …