Trade talks between Washington and Ottawa collapsed late Friday night, triggering steep 50 percent US tariffs on roughly 20 billion dollars worth of Canadian goods, including hockey sticks, building materials, liquor and select clothing categories. The duties took effect at 12:01 a.m. Eastern Time on Saturday after negotiators failed to finalize an agreement despite three intensive days of talks in Washington. Canadian Prime Minister Mark Carney responded by suspending trade negotiations and pledging that Canada will retaliate dollar for dollar. Background The latest breakdown caps more than a year of…
Read MoreCanada Tariffs Today: US Imposes 50% Duties on Canadian Goods After Trade Talks Collapse
