Canada announced on Saturday that it will impose retaliatory tariffs on a range of United States imports, including steel, dairy, and electronics, beginning September 8. The move escalates a growing trade dispute between the two North American neighbors.

Prime Minister Mark Carney stated that Canada's tariffs will match Washington's new levies dollar for dollar, a measure intended to protect Canadian workers, farmers, families, and businesses. This decision follows the breakdown of intense trade negotiations late Friday, which has strained the relationship between the longtime allies.

The new Canadian tariffs will target sectors such as steel, dairy, and electronics. Carney explained that the United States had proposed "uneconomic, unfair" terms during recent talks, which undermined Canada's benefits and raised questions about the reliability of any potential deal. These unacceptable demands included restricting Canada's ability to form new trade agreements.

Carney emphasized that Canada cannot accept the terms offered by the U.S. and will not concede to their demands. He also cited "threats" made by U.S. negotiators concerning the French language and Quebec culture as further reasons for the impasse. The Prime Minister indicated that Canada would announce support measures next week for industries impacted by the new U.S. duties, which could extend for years.

This retaliatory action positions Canada as one of the few global leaders to directly counter U.S. tariffs. Despite Canada's significant reliance on the U.S. for nearly 70 percent of its exports, Carney has pledged to pursue new trade and military alliances.

The U.S. tariffs, which took effect earlier, target sectors including wine, furniture, dairy products, cement, clothing, fishing rods, and hockey equipment, collectively covering approximately $20 billion worth of Canadian goods, representing 5.5 percent of Canada's exports to the U.S.

There has been no immediate comment from the White House regarding Canada's planned tariffs. However, U.S. Trade Representative Jamieson Greer informed Fox News on Saturday that no further talks with Canada are currently scheduled. Greer stated that the U.S. is proceeding with measures in response to Canadian retaliation, suggesting that Canada had previously been offered a favorable deal which they did not accept.

The economic impact of the new U.S. tariffs on Canada is anticipated to be substantial, particularly for the affected industries. The Canadian government is expected to release further details on the specific products and values targeted by its retaliatory measures in the coming days.