Trade negotiations between two major North American partners collapsed late last month, leaving both sides pointing fingers as tensions escalated. Canada announced plans for retaliatory tariffs targeting certain U.S. products after Washington imposed steep duties on Canadian exports, marking a sharp deterioration in economic relations. The breakdown underscores deep divisions over trade policies, with each government accusing the other of obstructing a potential agreement. Businesses and analysts are now bracing for potential disruptions as the dispute threatens cross-border commerce.
The two countries failed to reach a trade deal late Aug. 21, with each side blaming the other as Canada readied tariffs on some U.S. goods in retaliation for 50 percent levies ordered by Trump ...