Canada to impose punitive tariff on US from Sept 8; to hit steel, dairy sectors

The breakdown came after the United States imposed 50% tariffs on about $20 billion worth of Canadian products early SaturdayCanadian Prime Minister Mark Carney has rejected the latest US trade offer after last-ditch trade talks between the two countries collapsed, warning that Ottawa will retaliate with new tariffs targeting sectors including steel and dairy. Carney said the measures would come into effect on September 8.“We cannot accept what the US has offered and we will not give what they’ve asked,” Carney said."In the coming days, we'll release details of these new tariff measures, measures which will come into force the Tuesday after Labor Day," the Canadian PM told a news conference.Carney said Canada had been prepared to remove its remaining retaliatory tariffs on strategic US sec