Canada will match US tariffs 'dollar for dollar' as trade talks break down

Canada suspended trade negotiations with the US on Friday and announced it will impose reciprocal tariffs "dollar for dollar" on American goods after talks collapsed over last-minute changes to US terms that Prime Minister Mark Carney deemed unfair and uneconomic. The breakdown came just before a deadline, following weeks of intense negotiations since Trump threatened a 50% tariff on roughly $20 billion of Canadian imports in August. The US trade representative countered that Canada made new demands and reversed previous commitments, disrupting the agreement that had been reached earlier in the week.