Beyond the 806
Canada will impose retaliatory tariffs on US goods beginning Sept. 8 as trade negotiations collapse - AP News
Canada and the United States are now in an open trade fight, with the U.S.
The American tariffs cover about 5 percent of everything Canada ships to the U.S. Each year, a list that runs from hockey sticks to tongue depressors. Prime Minister Mark Carney said details of the retaliatory measures would be released in the coming days, leaving businesses on both sides of the border in the dark about exactly what gets hit next.
For people in Lubbock, this is not an abstract diplomatic spat. West Texas agriculture ships product across North American supply chains, and Canadian retaliatory tariffs have historically targeted farm goods. Manufacturers and retailers who source parts or finished products from Canada could also see costs climb before the Sept. 8 deadline arrives.
The two countries have been close trading partners for generations, which makes the collapse of these negotiations more jarring than a typical tariff dispute with a distant economy.
Common questions
What did the U.S. just do to Canada and why is Canada hitting back?
- The U.S. imposed 50 percent tariffs on about $20 billion worth of Canadian goods early Saturday, covering roughly 5 percent of what Canada ships here annually. Canada announced retaliatory tariffs set to begin Sept. 8 after last-minute negotiations collapsed, though exact details of what gets targeted have not yet been released.
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