Canada will match US tariffs 'dollar for dollar' as trade talks break down

tartoran 579 points 1364 comments August 22, 2026
www.bbc.com · View on Hacker News

https://www.pm.gc.ca/en/news/statements/2026/08/21/statement...

Discussion Highlights (20 comments)

ElProlactin

Art of the deal strikes again.

sandworm101

It is a good thing canadians are so nice. Dropping US alcohol is a tiny thing compared to some of the weapons canada might deploy. Look at all the back-and-forth deals in recent years and you will see an exemption for oil and potash. Think gas prices are high now? See what happens if canada starts shipping less crude. Think food prices are high? See what happens when there is no fertilizer because canada has restricted potash exports. And what will make Musk's head explode: canada is starting to allow cheap chinese EVs into north america. Canadians will be driving them around the US very soon. https://www.atlanticcouncil.org/dispatches/how-to-secure-the... > US mines produce roughly 500,000 metric tons of potash per year, only about 8 percent of the 5.9 million metric tons of apparent annual US consumption. The remaining demand is met through imports, producing a net import reliance of about 92 percent. Reflecting the high concentration of global potash production, most of that supply comes from Canada (79 percent), with smaller volumes from Russia (12 percent) and other producers (9 percent) including Israel.

woggy

Meanwhile Trump is pushing to rekindle his love affair with Kim Jong Un.

juliusceasar

Meanwhile Israel is sucking USA empty and they call out Canada for being not "fair". What a sick people.

tancop

There's a good opportunity to use that tariff money and subsidize critical exports to everywhere but USA. Europe gets cheaper minerals and Trump gets left begging China for scraps at insane prices. If you want political gestures then impose heavy sanctions on Israel and declare that Latinos can get refugee status in Canada because of ICE. That would be an economic win too.

metalman

People here in Canada have not been sitting still. It is a truely fantastic oportunity, it's almost like 10% of the US market was suddenly transported to another country for free, and all we have to do is fill it.

MrSkelter

You cannot negotiate with a country that doesn’t stand by its word. All other issues aside, Trump and the Republicans love to boast that they aren’t bound by anything including their own promises. This is the end result of that. You’d be mad to cut a deal with the US right now. The Trump Admin will just try to take another bite. They are dishonest and unreliable. Making America’s word mean nothing is the greatest long term damage done to the country and the surest indicator of the end of the American Century (80 years but we can round up)

llm_nerd

Importantly Canada has committed to matching every American tariff dollar for dollar, which the US already considers unfathomable. Greer repeatedly cites that only Canada and China retaliated, which is such a weird criticism. Is he intending to compliment us? So expect Trump to start spiralling. Also expect lots of astroturfing about how desperate Canada is and that it has no choice (one of those hilarious slop purveyors appeared below). Canada should begin the process of withdrawing from USMCA, and the truth is that NAFTA cum USMCA has worsened Canada's lot over the past four decades compared to peers. Trade agreements with the US are worthless , and even negotiating with that Epstein pedo cabal of grifters is useless. It sounds like the Canadian team were foolishly going to give in to many things ( any concession of any form always comes back to hurt you), but at the last minute Howard "Epstein Island" Nutlick swooped in and tried to extract even more, undoing it all. Which...thank you Nutlick, you disgusting greaseball. You did us a great favour.

metalman

People here in Canada have not been sitting still. It is a truely fantastic oportunity, it's almost like 10% of the US market was suddenly transported to another country for free, and all we have to do is fill it.

Phelinofist

Good for Canada, quite a shame the EU folded so easily

nchmy

Nice to see them putting up a fight. Though I assume this will cause pain for everyone. One note: aren't these sentences strange - like a series of half-thoughts? Especially the 2nd paragraph. > Our government understood, before many, that America is altering all its trade relationships. Putting tariffs on its closest allies and charging for access to its vast market. > > We have worked in that context. To strike a fair deal that would provide the best access to the U.S. market and greater certainty to Canadian businesses and workers.

jarym

Seems like the only thing more expensive and damaging these days than being an enemy of the US is being an ally! Wonder how long it’ll be before Trump throws his toys out the pram again. Wouldn’t be surprised if he moans his allies have abandoned him.

jleyank

Note that these new tariffs are on goods covered by CUSMA, making that treaty inoperative. Pity it’s one Trump signed… One must stand up to bullies otherwise they’ll keep at it. Until the US population feels the pain the rest of the world has been dealing with, nothing will change.

shevy-java

Trump tries to betray Canadians here. When you make negotiations and then at the last second try to worsen the terms, you are not acting in good faith. This is a consistent theme with Trump: he wants to take advantage of you. This is a de-facto mafia system. The "art of the deal" is the mafia way. You can see this with Iran too - Trump negotiates, then attacks. Then fake-negotiates, attacks again (and loses anyway). The guy is a problem for the whole world.

mrleinad

King Charles should just leave the American continent.

badgersnake

Don’t forget, it’s the longest land border in the world, largely remote. Feels like it would be easy to work around with minimal effort.

mhandley

I wonder what would happen if Canada taxed electricity exports to the US, and used the money to directly subsidize other exported goods the US applies tariffs to?

candlemas

"However, last-minute changes in the U.S. proposed terms were unfair, uneconomic, and called into question the reliability of any deal." It seems like if the other side agrees to a deal too easily then Trump doesn't think the deal is good enough. He only likes deals where the other side is getting screwed and has to be coerced into signing.

Gabrys1

I think a retaliation for a tariff should be an export tax. Let's say Canada puts a 50% export tax on maple syrup unless the car tariff is withheld

ModernMech

Amazing that in 2026 Canada, Iran, and US Circuit Courts have the same stance: the US federal government cannot be trusted to tell the truth about anything. Fish really rots from the head.

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