Trade talks between the U.S. and Canada broke down on Friday, officials from both countries said, paving the way for the U.S. to impose 50% tariffs on about $20 billion worth of Canadian goods early on Saturday and risking escalation into an all-out trade war.
Canadian Prime Minister Mark Carney, conversely, said Friday that last-minute changes from the U.S. side “were unfair, uneconomic, and called into question the reliability of any deal. He said that he would impose dollar-for-dollar retaliatory tariffs on U.S. goods and introduce support for Canadian workers in the coming days. “In recent weeks, we made important progress toward improving Canada’s position as having the best deal in the world with the U.S.,” Carney said in a statement. “However, that progress has not been enough to meet our objectives for Canadians.”
Trade Representative Jamieson Greer told reporters that talks broke down on Friday night, despite what he said was an offer from the Trump administration to offer Canada the “best treatment” of any major U.S. trading partner. However, U.S.
