US, Canada fail to reach trade pact as Trump’s 50% tariffs take effect
Hefty US tariffs on some Canadian products took effect on Saturday after days of last-minute negotiations failed to produce a trade agreement between Washington and Ottawa. Canadian Prime Minister Mark Carney vowed that Canada would match the US tariffs “dollar for dollar to protect our workers and businesses”, after officials confirmed late Friday that the two sides had failed to reach a deal.…
On Saturday, the United States and Canada failed to reach a trade agreement, triggering 50% tariffs on approximately $20 billion worth of Canadian exports to the United States. The failure to finalize the deal came after days of negotiations, with Canadian Prime Minister Justin Trudeau vowing to match the US tariffs to protect domestic workers and businesses.
US Trade Representative Jamie L. Raskin had previously stated that Canada had declined to finalise a trade agreement based on earlier terms, despite US President Donald Trump expressing confidence in the potential for a deal. Canadian officials accused Washington of discriminatory treatment towards US products, including alcohol, automobiles, and dairy goods, leading to concerns about the reliability of any future agreement.
The US had previously delayed the implementation of the tariffs by three days, citing progress in negotiations, but ultimately decided to proceed with the 50% tariffs on Saturday.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
