Canada and US trade talks fail, Canada to impose dollar for dollar tariffs

Last minute trade talks failed between Canada and the United States overnight after the United States made a number of additional demands

Recent progress was not enough and Prime Minister Mark Carney decided to suspend trade negotiations with the U.S. and directed Canada’s negotiators to return to Ottawa. 

Carney said that last-minute changes in the U.S. proposed terms were unfair, uneconomic, and called into question the reliability of any deal.

The U.S. has now imposed a 50 percent tariff on roughly $28 billion of Canadian goods. Canada will match those tariffs dollar for dollar.

In the coming days, the government will introduce additional measures to support Canadian workers and businesses, building on the nearly $25 billion in support provided over the past 18 months.