A fresh wave of US tariffs on a wide range of Canadian goods has taken effect following a last-minute breakdown in trade negotiations between the two countries.
Canadian Prime Minister Mark Carney announced the suspension of talks shortly before Friday’s deadline, saying Canada would respond with reciprocal tariffs on US goods “dollar for dollar.”
Carney said last-minute changes to the US proposals were unfair and uneconomic, and raised concerns about the reliability of any potential trade agreement.
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