US weighs new tariffs on Canada as trade dispute escalates
The United States is considering new trade measures against Canada, potentially raising tariffs further, according to Bloomberg, citing a White House source on Tuesday. Washington is exploring additional trade restrictions in response to Ottawa's planned retaliatory tariffs, set to take effect next month. This approach risks significantly escalating the trade war between the two countries, the agency warned. US trade representative Jamieson Greer said last week that Canada rejected a bilateral deal. A 50 percent US tariff on certain Canadian goods took effect August 22. Prime Minister Mark Carney suspended talks and announced counter-tariffs for September 8. President Donald Trump plans 50 percent tariffs on Canadian cars, parts, and steel from January 1, 2027.