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Canada will retaliate with 50% tariffs on US goods after trade talks failed, with Prime Minister Carney accusing Washington of unfair last-minute changes. The US tariffs target $20 billion of Canadian exports.
US and Canadian trade negotiators are meeting in Washington for a third day to finalize an agreement ahead of Trump's 50% tariff deadline on $20 billion in Canadian goods. Even with a potential last-minute deal, experts doubt Washington will remove all tariffs, and political hurdles remain for Canadian PM Mark Carney.
Canadian officials are in last-minute negotiations to avoid the 50% tariffs the U.S. plans to impose on Canadian goods starting Wednesday. If no deal is reached, roughly $20.2 billion in Canadian exports would be affected. Prime Minister Mark Carney describes the talks as delicate and tense.
US President Donald Trump and Chinese President Xi Jinping concluded their final day of trade and security talks in Beijing, focusing on a phase-one trade deal and intellectual property. The discussions aimed to ease tensions between the world's largest economies during Trump's first official visit to China.
