US and Canada fail trade talks
The United States and Canada announced their failure to reach a trade agreement, and Washington has decided to impose a 50% tariff on Canadian imports valued at approximately $20 billion, starting from midnight. This came after three days of negotiations between the two sides, during which Canadian Prime Minister Mark Carney suspended the talks, emphasizing that Canada will respond in kind to the American measures. There are concerns that these tariffs may hinder Canada's fragile economic recovery and could complicate future negotiations over the free trade agreement between the two countries.
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