Canada suspends trade negotiations with USA and match tariffs dollar for dollar

Canada has suspended trade negotiations with the United States and will match a planned 50% U.S. tariff on approximately $28 billion of Canadian goods dollar-for-dollar, according to Prime Minister Carney. The decision came after last-minute changes to U.S. proposed terms that the Canadian government deemed "unfair, uneconomic," and unreliable, despite progress made in recent weeks. Canada plans to introduce additional support measures for affected workers and businesses while continuing its broader economic strategy of domestic strength-building and international partnership diversification.