The trade war between the U.S. and Canada is escalating after talks collapsed |
Get Quartz in your inbox
Free daily briefing on global business news.
The trade war between the U.S. and Canada is escalating after talks collapsed
New 50% U.S. tariffs began applying to a wide range of Canadian exports on Saturday. Canada has vowed to match the new levies dollar for dollar
President Donald Trump and Canadian Prime Minister Mark Carney.
Canadian Prime Minister Mark Carney suspended trade negotiations with the United States on Friday after talks failed, allowing 50% U.S. tariffs on roughly $20 billion worth of Canadian goods to take effect at midnight and pledging to match them dollar for dollar.
Carney said in a statement that despite meaningful progress in recent weeks, the outcome "has not been enough to meet our objectives for Canadians," and that "last-minute........