Negotiations failed: US imposes 50% tariffs on Canada

The United States and Canada failed to reach a trade agreement. Washington is imposing 50% tariffs on Canadian goods worth about $20 billion. Canadian Prime Minister Mark Carney announced the suspension of negotiations and retaliatory measures. The decision was made after three days of talks in Washington.

The United States and Canada failed to reach a trade agreement, and Washington is imposing 50% tariffs on Canadian goods worth about $20 billion. The tariffs take effect on August 22 at 7:01 AM Israel time. Canadian Prime Minister Mark Carney announced the suspension of negotiations with the US and stated that Canada will take retaliatory measures. The decision was made after three days of talks in Washington between Canadian Minister Dominic LeBlanc and US Trade Representative Jamieson Greer. President Donald Trump delayed the tariffs earlier in the week to give negotiations a chance. The US tariffs will apply to goods that make up about 5% of Canadian exports to the US.