Business ·
US Faces Rising Paper Product Prices Following Collapse of US-Canada Trade Talks
North Americans are bracing for higher prices on paper products after trade negotiations between the US and Canada collapsed, leading Canadian Prime Minister Mark Carney to announce tariffs of 25% to 50% on nearly 900 American goods starting September 8.
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Trade negotiations between the United States and Canada broke down last weekend, plunging the two nations into a full-fledged trade war that threatens decades of peaceful commerce. Paper products, including toilet paper and tissues, are set to be among the sectors hardest hit by the conflict. Following the breakdown of talks, Canadian Prime Minister Mark Carney vowed to match US tariffs "dollar for dollar." As part of Canada's response, Carney unveiled a list of nearly 900 American products that will be subject to tariffs ranging from 25% to 50%. These retaliatory tariffs are scheduled to take effect on September 8.
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