Negotiations between the two nations collapsed late last month after both sides accused each other of obstructing progress, escalating tensions in their trade relationship. Canada announced plans to impose retaliatory tariffs on certain American products following the U.S. government’s decision to slap 50% duties on key Canadian exports. The breakdown marks a sharp deterioration in trade talks, with both countries now locked in a tit-for-tat economic standoff. Analysts warn the move could deepen economic friction between the longtime allies.
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 ...
