US, Canada fall deeper into trade war with new tariffs as talks collapse

The United States and Canada, historic allies along an undefended border, fell deeper into a trade war Saturday marked by angry recriminations and new tariffs that are expected to raise prices for products in both countries.
Each side blamed the other for the collapse of negotiations in Washington late Friday, leading the US to impose 50 per cent tariffs on USD 20 billion worth of Canadian goods and Canada setting September 8 as the start of its retaliatory penalties.
President Donald Trump's import taxes will hit about 5 per cent of what Canada ships to the United States every year, ranging from hockey sticks to tongue depressors.

Prime Minister Carney said Ottawa would respond with targeted tariff protection for industries exposed to the new US duties, including some steel products.

He also mentioned the dairy, appliance, agricultural equipment, pulp and paper and electronics sectors.
No further talks were planned.

Whatever the eventual outcome, a loss of trust seems one of the ..