AGP Executive Report
Last update: 10 hours agoCanada-U.S. Trade War: The U.S. has imposed 50% tariffs on about US$20 billion of Canadian goods after last-ditch talks collapsed, with Canada’s PM Mark Carney saying Ottawa will retaliate “dollar for dollar.” The duties hit a targeted slice of exports (around 5% of what Canada sells to the U.S.), including items like hockey sticks, cement, wine and tongue depressors, and they follow earlier tariff pauses that had raised hopes for a deal. Negotiations Breakdown: Carney suspended talks and ordered negotiators back to Ottawa, calling the final U.S. terms “unfair” and “uneconomic,” while U.S. Trade Representative Jamieson Greer said Canada declined to finalize an agreement. Next Steps: Carney also promised additional support for workers and businesses as the tariff fight escalates and clouds the future of broader North American trade cooperation.
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