Canada Refuses to Finalize Trade Agreement with the United States, Vows to Impose 50% Tariffs in Retaliation

BlockBeats News, August 22nd - Local time on the 21st, it was reported that the U.S. Trade Representative Lighthizer stated that Canada has refused to finalize a trade agreement. A senior official in the Trump administration said, "The 50% tariff on certain Canadian imports will take effect at 12:01 a.m. Eastern Time this Saturday."

Canadian Prime Minister Trudeau stated that trade negotiations with the United States have been paused. The U.S. is imposing a 50% tariff on us, and Canada will retaliate in equal measure to protect its workers and businesses.