OTTAWA: Trade negotiations between the US and Canada collapsed late Friday night, triggering fresh tariffs. At 12:01 am ET, the US imposed a 50 per cent tariff on nearly $28 billion worth of Canadian imports.
Prime Minister Mark Carney immediately pulled Canadian negotiators back to Ottawa, calling Washington’s last-minute demands “unfair and uneconomic”.
In a statement posted on X, Carney said Canada will retaliate dollar-for-dollar, matching the $28 billion in levies to protect workers and businesses. “We have recognised from the beginning that America has changed, and that we will not return to our old relationship. Our government understood, before many, that America is altering all its trade relationships. Putting tariffs on its closest allies and charging for access to its vast market,” Carney said. — ANI
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