Stalled US-Canada trade talks threaten new tariffs

Trade negotiations between the United States and Canada have failed, as Washington announced the imposition of a 50% customs duty on Canadian imports valued at approximately $20 billion, effective from midnight Saturday, after no agreement was reached. Canada responded by suspending the talks and warning of a similar retaliatory measure, with the Canadian side deeming the American last-minute modifications as unfair. This comes amid escalating trade tensions between the two countries, with Washington ruling out previous exemptions under the trade agreement with Mexico and Canada.

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