Prime Minister Mark Carney announced on August 21 that Canada was suspending bilateral trade talks with the United States and recalling its negotiators to Ottawa. The decision came after last-minute changes to US demands that Ottawa described as unfair and unreliable. The United States threatened to impose a 50% tariff on roughly $28 billion worth of Canadian imports, prompting Canada to commit to matching every US tariff dollar for dollar. Negotiations had resumed in 2026 following a previous collapse in October 2025, but trade tensions between the two countries have persisted since early 2025. Canada and the United States trade approximately $900 billion in goods and services annually.
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