US is set to impose 50% tariffs on $20 billion worth of Canadian products

The United States is scheduled to impose 50% tariffs on $20 billion worth of Canadian products at midnight on Saturday. The measure takes effect after last-ditch negotiations failed to resolve tensions between the historic allies, following Canada's decision to decline a trade deal that would have staved off the import taxes.

United States Trade Representative Jamieson Greer characterized the outcome as a "missed opportunity for Canada." The administration of President Donald Trump implemented the tariffs following the breakdown in trade talks, marking a significant escalation in strain between the neighboring countries.