US and Canada fail to reach trade deal; Canada vows reciprocal tariffs
The United States and Canada failed to reach a trade deal before a Friday midnight deadline, leading to the implementation of new US tariffs on approximately $20 billion worth of Canadian goods. Canadian Prime Minister Mark Carney announced the suspension of negotiations and pledged to retaliate with 'dollar for dollar' tariffs, citing 'last-minute changes in the US proposed terms' as 'unfair, uneconomic, and called into question the reliability of any deal.' US Trade Representative Jamieson Greer countered that Canada 'declined to finalize the trade deal under the terms agreed earlier this week' and made 'new demands and walk backs of other commitments.' The tariffs affect about 5% of Canada's annual exports to the US, including items like hockey sticks and tongue depressors. The collapse follows months of talks that had appeared optimistic earlier in the week.
Generated with deepseek-ai/deepseek-v4-flash-0731 (NIM)