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Canada pulled the beard for the time being in the tariff negotiations with America. Canadian Prime Minister Mark Carney has criticized the Trump administration, saying the changes proposed by the US at the final stage of the negotiations are unfair and economically harmful. In response to the suspension of tariff negotiations, Trump announced a 50 percent tariff on Canada.

US President Donald Trump has already proposed to impose high tariffs on Canada. Where it was said that from August 19, a 50 percent tariff will be imposed on Canadian goods worth $200 billion. However, as the negotiation process between the two countries began, Trump suspended the decision. The White House has said that the tariff will be effective from Saturday. However, reports say the US tariffs will not have a major impact on the Canadian economy. Because the products on which this duty is applied are not important commercial elements. And only 5 percent of total exports to America. As a result, this tariff will have a greater impact on the relationship between the two countries than on the economy.

The US tariffs will not have a major impact on the Canadian economy. Because the products on which this duty is applied are not important commercial elements.

It should be noted that Canada's Prime Minister Carney announced that he would withdraw from the trade talks with America on Friday night. He said the talks were progressing well in the beginning. But at the last minute, America changed some conditions. Which is against Canada's interest. Carney accused this action of America as unfair and unreasonable. Such terms, he said, call into question the reliability of any agreement. So it was not possible to continue this discussion. He ordered the mediators to return to the country.

Meanwhile, after this action of Canada, America ordered to impose 50 percent tariff on them. US Trade Representative Jamieson Gray issued a statement saying, “Canada is backing out of the deal on the same terms it agreed to a few days ago. Canada was given the most advantage in our export markets. But now they have reneged on their previous promises. After this incident, Carney warned that he would pay it back dollar for dollar. He also threatened to impose retaliatory tariffs on America.