Showing posts with label trade talks. Show all posts
Showing posts with label trade talks. Show all posts

Saturday, August 22, 2026

Canada-U.S. Trade War Escalates as Talks Collapse

THE NEW YORK TIMES: Intense negotiations to stave off new levies by the Trump administration ended in an impasse as Mark Carney suspended talks. U.S. tariffs on Canada, and retaliatory tariffs on the U.S., will come into effect.

Screenshot taken from this NYT article. | Prime Minister Mark Carney of Canada said he suspended the trade talks because the American side introduced last-minute terms that ”called into question the reliability of any deal.” Credit: Greg Locke/Reuters

Crucial trade talks between the United States and Canada to stave off punishing new tariffs by the Trump administration on Canadian goods collapsed late Friday, with Canada saying it would retaliate “dollar for dollar.”

Prime Minister Mark Carney of Canada said he had decided to suspend the talks because the American side had introduced last-minute terms that were “unfair, uneconomic, and called into question the reliability of any deal.”

He added that the talks, which had been going on for weeks and had intensified in the past few days, had marked important progress but had ultimately “not been enough to meet our objectives for Canadians.”

United States Trade Representative Jamieson Greer told reporters that Canada had walked away from the negotiating table, minutes before a deadline ushering in new 50 percent tariffs by the Trump administration on a broad range of Canadian goods. » | Matina Stevis-Gridneff, Ian Austen and Ana Swanson | Matina Stevis-Gridneff reported from Toronto and Ian Austen from Ottawa. Ana Swanson reported from Washington | Published: Friday, August 21, 2016. Updated: Saturday, August 22, 2026

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