Mark Carney says "the best deal in the world with the U.S." on stalled trade talks

U.S. and Canadian officials failed to finalize a tariff-avoiding trade agreement, with the U.S. Trade Representative saying Canada walked away despite an American offer of terms better than those given to other major exporters. The USTR also accused Canada of keeping retaliatory measures and bans on certain U.S. goods. Prime Minister Mark Carney, responding to the collapse, described the state of talks as showing meaningful advancement toward stronger terms for Canada, but he said he was pausing negotiations and recalling Canadian negotiators to Ottawa, citing last-minute U.S. changes he called unfair and unreliable. The breakdown allowed a 50% U.S. tariff on many Canadian goods to take effect; Canada said it would impose matching duties. President Donald Trump had earlier paused the tariffs for three days saying a deal was near.