Just before Canada is about to impose counter-tariffs on $27.6 billion worth of U.S. goods, there is no indication of any last-minute negotiations between the two countries.
According to the Prime Minister’s Office, there are no planned discussions between Prime Minister Mark Carney and U.S. President Donald Trump on Monday. Additionally, Canadian trade negotiators are not expected to resume talks before the deadline of 12:01 a.m. ET on Tuesday when the counter-tariffs will come into effect on more than 700 American products.
The counter-tariffs, ranging from 15 to 50 per cent, are a response to Trump’s recent 50 per cent tariffs on Canadian goods following failed trade negotiations. Sectors such as steel, dairy, and wood products will face the highest tariffs, impacting industries hit hardest by U.S. tariffs.
In an exclusive interview with CBC News, U.S. Trade Representative Jamieson Greer warned of potential U.S. retaliation, hinting at possible bans on Canadian products if further retaliatory actions are taken by Canada.
Former Prime Minister Jean Chrétien expressed support for Canada’s counter-tariffs and suggested that additional measures, such as imposing an export tax, might be necessary. The U.S. has exempted certain products like oil, gas, electricity, and potash from tariffs due to their critical importance.
Conservative Leader Pierre Poilievre called on the government to transparently communicate the impact of retaliatory tariffs on Canadians, emphasizing the need for clear information and a comprehensive plan to address the situation. Ottawa has announced $7.5 billion in support for workers and businesses to mitigate the effects of the ongoing trade tensions.
Greer, speaking to Fox News, attributed the breakdown of talks to Canada and placed the responsibility on Ottawa to restart negotiations. Carney, on the other hand, cited new unfavorable terms proposed by the U.S. as the reason for the collapse of the trade discussions.
Despite the tensions, Carney expressed openness to returning to the negotiating table if the U.S. adopts a more constructive approach. Trump has continued to criticize Canada and threatened to halt all trade with the country, escalating the trade dispute further.
The future of trade talks now hinges on Canada’s actions, with uncertainties surrounding the resumption of negotiations between the two nations.