Canada suspends US trade talks as 50% tariffs take effect
- Canada suspended trade talks with the US after negotiations failed to avoid 50% tariffs on about $28 billion of Canadian goods.
- Prime Minister Mark Carney called off the talks shortly before Friday’s midnight deadline.
- Carney said last-minute changes to the US terms were unfair and raised doubts about reaching a reliable deal.
- The tariffs took effect at midnight, and Canada said it would respond with matching tariffs on US goods, dollar for dollar.
Source: timesofindia.indiatimes.com
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