CAN-USA Tariff Strife (split from various pol threads)

[Czech_pivo]

No deal, a fight it is.

PM Carney says Canada intends to match U.S. tariffs ‘dollar for dollar,’ after suspending trade negotiations. Live updates here.

A new round of punishing U.S. tariffs on Canada went into effect early Saturday morning, as Prime Minister Mark Carney suspended trade negotiations minutes before the deadline.

www.ctvnews.ca

[CBC]Trump administration says Canada has declined a deal

May you live in interesting times.

 

[Czech_pivo]

Let's do this.

You’re a bit too eager for this. There is little reason to be rubbing your hands in glee about this.

 

[Altair]

You’re a bit too eager for this. There is little reason to be rubbing your hands in glee about this.

If the choice was this or be bent over a table, I pick this.

 

[Good2Golf]

Who knows…these may still be on the menu?


Counter-tariffs, dollar-for-dollar could include export tariffs on things that the U.S. “doesn't need.” Federal rebates to the exporter upon collection of the export tariffs by CBSA. Maybe even a smattering of Treasuries sell off…

 

[HavokFour]

Who knows…these may still be on the menu?
View attachment 101863

Counter-tariffs, dollar-for-dollar could include export tariffs on things that the U.S. “doesn't need.” Federal rebates to the exporter upon collection of the export tariffs by CBSA. Maybe even a smattering of Treasuries sell off…

Well... he did extend the deadline conveniently up until the weekend, when trading stops.

 

[Cloud Cover]

A different take on the cause of the collapse from the American side:

https://www.cnn.com/2026/08/21/economy/us-canada-trade

“Despite the US offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk-backs of other commitments by Canada have upended the careful balance reached in the past days,” US Trade Representative Jamieson Greer told reporters on a press call shortly before midnight, the Associated Press reported.

…

The tariffs that are now going into effect are relatively limited in scope, covering about $20 billion worth of goods imported from Canada — roughly 5% of the total value of goods imported to the US from its northern neighbor last year.

On their own, they are unlikely to meaningfully impact American consumers, who are already getting squeezed by higher gas prices. The greater issue is the trade war it is starting.”


So who to believe. Certainly not Team Carney. As inferentially pointed out by CNN, Canada isn’t relevant anymore to the US economy. Yes there’s a trade war, but they’ll replace Canada within months.

 

[Good2Golf]

“Down” to 25% tariffs on steel and aluminum inside a quota isn’t “best treatment of any major exporter to [the U.S.]…” That would have been 10 to 15% like Japan, UK, Europe…even the penguins were treated better.

 

[HavokFour]

For the record. It was the Americans blowing up the deal that was being discussed by trying to pull a last minute fast one... again.

Bring on the November midterms bloodbath.

However, that progress has not been enough to meet our objectives for Canadians. As a result, this evening, I have decided to suspend trade negotiations with the U.S. and have directed Canada’s negotiators to return to Ottawa. They have worked hard, in good faith, to defend the interests of Canadians throughout these negotiations up until the very last minute. However, last-minute changes in the U.S. proposed terms were unfair, uneconomic, and called into question the reliability of any deal.

Statement by Prime Minister Carney on Canada-U.S. trade negotiations

We have recognised from the beginning that America has changed, and that we will not return to our old relationship. Our government understood, before many, that America is altering all its trade relationships. Putting tariffs on its closest allies and charging for access to its vast market.

www.pm.gc.ca

 

[Altair]

A different take on the cause of the collapse from the American side:

https://www.cnn.com/2026/08/21/economy/us-canada-trade

“Despite the US offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk-backs of other commitments by Canada have upended the careful balance reached in the past days,” US Trade Representative Jamieson Greer told reporters on a press call shortly before midnight, the Associated Press reported.

…

The tariffs that are now going into effect are relatively limited in scope, covering about $20 billion worth of goods imported from Canada — roughly 5% of the total value of goods imported to the US from its northern neighbor last year.

On their own, they are unlikely to meaningfully impact American consumers, who are already getting squeezed by higher gas prices. The greater issue is the trade war it is starting.”


So who to believe. Certainly not Team Carney. As inferentially pointed out by CNN, Canada isn’t relevant anymore to the US economy. Yes there’s a trade war, but they’ll replace Canada within months.

If we were irrelevant they wouldn't be crying about the lack of imports

 

[Cloud Cover]

For the record. It was the Americans blowing up the deal that was being discussed by trying to pull a last minute fast one... again.

Bring on the November bloodbath.

Statement by Prime Minister Carney on Canada-U.S. trade negotiations

We have recognised from the beginning that America has changed, and that we will not return to our old relationship. Our government understood, before many, that America is altering all its trade relationships. Putting tariffs on its closest allies and charging for access to its vast market.

www.pm.gc.ca

Both sides are claiming last minute changes by the other side. Carney has too much to gain by blowing this up. Trump on the other hand thrives in chaos and bullying. Both are completely narcissistic liars. I don’t blame Team Carney for walking, but I don’t blame Team Trump for not really trying with us. Both sides are about as useful as a sun tan lotion in a snow storm.

 

[Cloud Cover]

If we were irrelevant they wouldn't be crying about the lack of imports

They need to cry about something. It’s almost as if they are Liberals.

 

[Altair]

They need to cry about something. It’s almost as if they are Liberals.

Really?

 

[Genetk44]

A different take on the cause of the collapse from the American side:

https://www.cnn.com/2026/08/21/economy/us-canada-trade

“Despite the US offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk-backs of other commitments by Canada have upended the careful balance reached in the past days,” US Trade Representative Jamieson Greer told reporters on a press call shortly before midnight, the Associated Press reported.

…

The tariffs that are now going into effect are relatively limited in scope, covering about $20 billion worth of goods imported from Canada — roughly 5% of the total value of goods imported to the US from its northern neighbor last year.

On their own, they are unlikely to meaningfully impact American consumers, who are already getting squeezed by higher gas prices. The greater issue is the trade war it is starting.”


So who to believe. Certainly not Team Carney. As inferentially pointed out by CNN, Canada isn’t relevant anymore to the US economy. Yes there’s a trade war, but they’ll replace Canada within months.

Team Carney are far more believable than Team Trump.

 

[HavokFour]

I have a feeling Lutnick took the auto tariff relief off the table last second. He's been vocal about wanting to destroy that industry here in Canada entirely, he was also the one who it was reported yesterday that wasn't happy with the deal that was being worked on.

PM Carney says Canada intends to match U.S. tariffs ‘dollar for dollar,’ after suspending trade negotiations

A new round of punishing U.S. tariffs on Canada went into effect early Saturday morning, as Prime Minister Mark Carney suspended trade negotiations minutes before the deadline.

www.bnnbloomberg.ca

“The U.S. offer was also forward-looking and included a historic economic and national security partnership to cooperate on export controls, combat transshipment, enhance digital trade, and align certain external tariffs,” Greer said in the statement.

Sounds like they were also trying to rope us into a kind of customs union with them. Perhaps even if it was just talk the mere thought of Canada being accepted into the EU or short of that, the EUCU (yes, non-EU members can join that) was starting to make people sweat a little.

 

[Altair]

I have a feeling Lutnick took the auto tariff relief off the table last second. He's been vocal about wanting to destroy that industry here in Canada entirely, he was also the one who it was reported yesterday that wasn't happy with the deal that was being worked on.

PM Carney says Canada intends to match U.S. tariffs ‘dollar for dollar,’ after suspending trade negotiations

A new round of punishing U.S. tariffs on Canada went into effect early Saturday morning, as Prime Minister Mark Carney suspended trade negotiations minutes before the deadline.

www.bnnbloomberg.ca

Sounds like they were also trying to rope us into a kind of customs union with them. Perhaps even if it was just talk the mere thought of Canada being accepted into the EU or short of that, the EUCU (yes, non-EU members can join that) was starting to make people sweat a little.

Good. A pox on their house.

We are not their little puppet nation, strong armed into doing their bidding or aligning everything we do with them.

 

[Eaglelord17]

https://www.cbc.ca/news/world/livestory/midnight-deadline-trump-tariffs-trade-deal-leblanc-greer-9.7310605

YES.

Thank you, lets hit the counter tariffs and forget about dealing with trump.

Time to hit them where they are most sensitive, I propose a export tax on oil, watch that pump price skyrocket for them.

Don’t forget this isn’t a good thing for America or Canada, lots of jobs shall be hurt/lost over this.

 

[Halifax Tar]

Look at those stiff elbows...

 

[brihard]

We should consider beginning a carefully calculated sale of some of our U.S. treasuries holdings.

 

[Halifax Tar]

We should consider beginning a carefully calculated sale of some of our U.S. treasuries holdings.

Would make for even further interesting times...