US Imposes 50% Tariffs on $20 Billion of Canadian Goods

The United States imposed 50 percent tariffs on $20 billion worth of Canadian goods after trade negotiators failed to finalize a deal following three days of talks in Washington, DC.

The new measures, which took effect at 12:01am Eastern Time on Saturday, impact 5 percent of Canadian exports including electronics, industrial machinery, and dairy products, adding to existing tariffs on steel and autos.

Canadian Prime Minister Mark Carney announced plans to introduce new support measures for workers and businesses in the coming days, while vowing to match the US tariffs dollar for dollar.