Canadian dairy products, wool, honey hit with 50 per cent tariffs

Canadian farmers face uncertainty after the breakdown of trade talks between Canada and the U.S. says the Canadian Federation of Agriculture.

“Farmers are already facing significant challenges, including rising input costs, market volatility, and increasingly unpredictable weather,” said CFA president Keith Currie in a statement, Saturday.

“Farmers and consumers stand to lose when trade becomes more difficult, more expensive and more unpredictable,” he added. “Canadian farmers need stability so they can make the investments and business decisions necessary to remain competitive.”

The U.S. imposed 50 per cent tariffs on some Canadian goods, including dairy, honey and alcohol, on Saturday after the two longstanding allies failed to reach a trade deal, with each side accusing the other of derailing days of talks.

The tariffs that came into effect just after midnight.

The new tariffs mark an increase in tensions between President Donald Trump and Prime Minister Mark Carney, and will likely make broader talks to renew the Canada-U.S.-Mexico free trade agreement more difficult.