Canada-US Trade Talks Explode; Carney Calls Back Team To Ottawa; ‘Uneconomic’
The U.S.-Canada trade relationship has taken a dramatic turn. The United States and Canada have failed to reach a new trade agreement, with Washington announcing 50% tariffs on some Canadian imports. A senior White House official said the new Section 338 tariffs, covering around $20 billion worth of Canadian goods, would take effect just after midnight on Saturday. Canadian Prime Minister Mark Carney has suspended trade negotiations and warned that Canada would retaliate “dollar for dollar.” The announcement follows three days of high-stakes talks in Washington between Canadian Trade Minister Dominic LeBlanc and U.S. Trade Representative Jamieson Greer.
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