US-Canada trade war reignites as talks fail at last minute
Trade talks between Canada and the United States failed at the last minute on Friday night, reigniting the North American trade war, with Ottawa vowing to match Washington’s tariffs. Despite hopeful statements from both sides that a deal would be struck to avoid 50% US tariffs on a raft of Canadian goods locking in at … The post US-Canada trade war reignites as talks fail at last minute appeared…
The US-Canada trade talks collapsed at the last minute, sparking a renewed trade conflict between the two North American nations. Canadian Prime Minister Mark Carney announced on Friday that Canada would retaliate against the United States' impending tariffs by imposing an equivalent 50% levy on $20 billion worth of American goods.
Despite initial hopes that a deal could be reached to avert the tariffs, Canada and the US failed to reach an agreement. Carney said the talks had stalled and that Ottawa had suspended negotiations, directing Canadian negotiators to return to Ottawa. The trade dispute has the potential to significantly impact businesses and workers on both sides of the border.
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