Canada halts trade negotiations as U.S. tariffs take effect
Trade talks between the U.S. and Canada collapsed late Friday, with 50% tariffs on Canadian goods going into effect at midnight. Canadian Prime Minister Mark Carney said progress was insufficient and suspended negotiations, directing negotiators to return to Ottawa. He announced Canada will retaliate with matching tariffs on U.S. goods.
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Original headline: “Canadian prime minister suspends trade talks with U.S., setting new 50% tariffs in motion.” Browse more stories.