Mark Carney says Canada is "the best deal in the world" with U.S. as talks stall

U.S.-Canada trade talks broke down Friday evening, hours before a midnight cutoff for 50 percent tariffs on $20 billion in Canadian goods. Prime Minister Mark Carney said Canada would impose retaliatory duties, suspended the negotiations, and ordered his team home to Ottawa. He noted weeks of discussions had made headway toward a more favorable Canadian position, but said the results missed Canada’s goals and accused the U.S. of altering terms at the last minute in ways that undermined confidence. Trade Representative Jamieson Greer gave a competing account, saying Canada declined a deal it had agreed to earlier in the week and introduced new demands after Washington offered tariff relief on steel, aluminum, autos, and lumber, plus broader cooperation. The breakdown leaves the tariff deadline to take effect while the two governments publicly disagreed about why the deal collapsed.