US imposes 50% tariffs on Canadian goods after negotiations collapse, while Iran warns neighbors against joining American economic pressure campaign.
Published
The Trump administration imposed 50 percent tariffs on Canadian goods late Friday after trade talks collapsed, triggering swift retaliatory measures from Ottawa. President Donald Trump slammed Canada on Sunday, claiming the country wanted "the benefits of being a State, without being one" in response to Prime Minister Mark Carney's announcement of retaliatory tariffs following the failed negotiations.
Canadian Prime Minister Mark Carney stated during a Saturday press conference that Canada would "match Washington's" tariffs, implementing reciprocal measures against American products. The escalation marks a significant deterioration in US-Canada relations, traditionally one of the strongest bilateral trading partnerships in North America.
Senator Susan Collins (R-Maine) broke ranks with some Republican colleagues, urging the White House to "consider the negative impact" that the tariff war with Canada may have on American constituents. Republican lawmakers were split on the issue following the collapse of negotiations.
Meanwhile, Iran escalated its own standoff with the United States, condemning looming economic sanctions set for announcement on Monday.