In late July, U.S. President Donald Trump declared he would be slapping punishing 50 per cent tariffs on roughly $20 billion of Canadian exports, including on products like alcohol and dairy, unless the two sides could reach a new trade deal. Negotiations ultimately fell through after the U.S. president added last-minute amendments that would have restricted Canada’s ability to trade with other nations, Carney and several other media reports have said. Canada responded with its own retaliatory tariffs on a range of products like home appliances and makeup, which will take effect Sept. 8.
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