A proposed US-Canada agreement to prevent another escalation in tariffs has collapsed, paving the way for a 50% US import tax on billions of dollars of Canadian goods. The breakdown follows weeks of negotiations over steel, aluminium and auto tariffs, while Canada was expected to remove retaliatory measures
A proposed trade agreement between the United States and Canada has collapsed at the final stage, clearing the way for the Trump administration to impose a 50% tariff on billions of dollars worth of Canadian imports.
The new duties are scheduled to take effect at 12:01 am on Saturday and will cover hundreds of products imported from Canada, including plywood, alcoholic beverages, electrical equipment and hockey-related goods.
The failure represents a significant setback for two closely connected trading partners that exchanged nearly $900 billion in goods and services last year.
Relations have already been strained by President Donald Trump’s repeated tariff threats and controversial comments about Canada’s future relationship with the US.
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