Canada is imposing retaliatory tariffs on US goods, including agricultural equipment.

Trade negotiations between Canada and the USA, which lasted for several days, ended without results. In this regard, Canada decided to impose retaliatory tariffs on American products, the amount of which will correspond to 50% of the duties established by the Donald Trump administration on Canadian goods worth 20 billion dollars. The list of goods subject to the new Canadian tariffs includes agricultural equipment, dairy products, steel, electronics, pulp, paper, and household appliances.

Prime Minister Mark Carney justified this step by the need to protect the interests of Canadian farmers, workers, and businesses. According to him, the reason for the breakdown of the dialogue was the unacceptable conditions proposed by Washington. Among them were requirements limiting Canada's ability to conclude trade deals with other countries, as well as claims regarding Quebec culture and the French language.

This trade conflict affects about 5.5% of the total volume of Canadian exports to the USA. Among the Canadian goods subject to American tariffs are dairy products, wine, furniture, cement, clothing, hockey equipment, and fishing gear.

Experts expect that the escalation of the trade dispute will lead to a rise in prices and costs, and also risks causing an increase in unemployment and leading to the bankruptcy of some small and medium-sized enterprises in Canada. In response to this, the country's government plans to announce a support program for industries affected by US tariffs in the coming days. In parallel, Mark Carney views the current situation as an incentive to diversify Canada's economic ties with other countries in Asia and Europe.

At the moment, no further negotiations between the parties are planned. US Trade Representative Jamieson Greer confirmed that Washington intends to continue implementing measures in response to Ottawa's actions. The new tariffs from both sides are scheduled to take effect on September 8.