Washington: The United States and Canada have failed to reach a trade agreement, deepening tensions between the two allies and paving the way for a fresh round of tariffs on Canadian imports. According to Qatar News Agency, the White House announced that Washington would impose 50% tariffs on certain Canadian goods after the talks broke down. These duties, imposed under Section 338, will affect Canadian goods worth approximately $20 billion and are set to take effect at midnight Saturday. Canadian Prime Minister Mark Carney responded by announcing the suspension of trade negotiations with the United States. He also stated that Canada would implement reciprocal tariffs, matching the new US tariffs dollar for dollar. In a statement, Carney emphasized that Canadian negotiators had worked hard and in good faith to protect the interests of Canadians during the final stages of the talks. However, he described the last-minute changes to the US proposals as unfair and economically unviable, casting doubt on the re liability of any potential agreement. The decision comes after three days of intense discussions in Washington between Canadian Minister responsible for Canada-US Trade Dominic LeBlanc and US Trade Representative Jamieson Greer.
Home » US, Canada Fail to Reach Trade Deal, Face Fresh Tariffs
US, Canada Fail to Reach Trade Deal, Face Fresh Tariffs
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