U.S. plans 50% tariff on $28 billion of Canadian goods; economist sees 90,000 jobs at risk

The U.S. intends to impose a 50 per cent tariff on roughly $28 billion of Canadian goods, Prime Minister Mark Carney said Aug. 21. Canada-U.S. trade talks remain stalled. A Reuters-cited economist estimates the tariffs could cost 90,000 jobs. A poll found 76 per cent of Canadians back Carney's decision to suspend the talks.