Canada has suspended trade talks with the United States after a last-minute breakdown in negotiations, setting the stage for retaliatory tariffs. Prime Minister Mark Carney announced the decision shortly before a Friday night deadline, as new U.S. Tariffs on Canadian goods took effect. The tariffs, which include a 50% increase on many Canadian exports, were imposed by President Donald Trump.
Carney vowed Canada would respond with equal tariffs on U.S. Goods, a move he described as necessary to protect national sovereignty. The government also plans to introduce measures to support Canadian workers and businesses affected by the trade dispute. The breakdown marks the latest escalation in the ongoing trade war between the two nations.
The failed talks followed days of tense negotiations, with both sides struggling to reach a compromise. Canada’s decision to suspend talks and prepare retaliatory measures signals a deepening rift in the economic relationship between the two countries. The situation remains unresolved as both nations prepare for potential further economic consequences.
