Trump imposes 50% tariffs after US-Canada trade talks collapse at last minute

Trade negotiations between the United States and Canada collapsed at the last minute, leading the Trump administration to impose a 50 percent tariff on Canadian goods. Intense talks aimed at preventing the new levies ultimately ended in an impasse, resulting in Canadian Prime Minister Mark Carney suspending the discussions.

In response to the U.S. actions, Prime Minister Carney vowed that Canada will implement retaliatory tariffs matching the American measures. Both the U.S. tariffs and Canada's retaliatory levies are set to come into effect following the breakdown of the bilateral trade talks.