US-Canada Trade War Begins After Talks Collapse
📡 Sydney Morning Herald / The Age · 1 min read ·
Part of composite article US Slaps 50% Tariffs on Canada as Trade Talks Collapse — Carney Vows 'Dollar for Dollar' Revenge View full article →
The United States and Canada are now in a trade war. Negotiations between the two countries broke down overnight, according to officials familiar with the matter. No new talks have been scheduled. The collapse ends months of diplomatic efforts to resolve differences over tariffs and market access. Both governments have yet to issue formal statements on next steps. Analysts say the immediate impact will likely be higher costs for goods crossing the border. Businesses on both sides are bracing for new duties. The breakdown marks a sharp escalation in tensions between the longtime allies.