@eietv1: 🇨🇦🇺🇸 CANADA WALKED AWAY FROM U.S. TRADE DEAL — NOW 50% TARIFFS ARE HITTING BILLIONS IN CANADIAN GOODS Canada made a major economic gamble on August 21, suspending trade negotiations with the United States after Prime Minister Mark Carney said last-minute American demands were “unfair” and “uneconomic. The consequences are now being felt on both sides of the border. 🇺🇸 The United States moved ahead with 50% tariffs on approximately $27.6 billion worth of Canadian goods, targeting products across several industries. 🇨🇦 Canada responded with its own countermeasures, matching the new U.S. tariffs dollar-for-dollar, with tariffs covering $27.6 billion in American imports. Carney said Canada had been prepared to make significant concessions to secure an agreement — including removing some retaliatory tariffs — but argued that Washington ultimately “asked too much and offered too little. The Canadian government says it refused demands it believed could undermine key Canadian industries, economic independence and sovereignty. But walking away carries serious economic risks. Bank of Canada Governor Tiff Macklem has warned that the latest U.S. tariffs could cut Canada's fourth-quarter economic growth to below 1% if they remain in place, while uncertainty could cause businesses to delay hiring and investment. The federal government has responded with billions of dollars in additional assistance for Canadian workers and businesses affected by the trade dispute. Washington, however, disputes Canada's characterization of the failed negotiations. U.S. officials have argued that a workable agreement had been available. That leaves Canadians facing a difficult economic question: #EIETVNetwork #Canada #UnitedStates #MarkCarney #DonaldTrump

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Thursday 24 September 2026 22:05:36 GMT