Mark Carney says Canada is “walking away from a bad deal” after U.S.-Canada trade talks collapsed

Negotiations between Canada and the United States collapsed late Friday, and Prime Minister Mark Carney told reporters in Ottawa on Saturday that he had halted the talks rather than accept a lopsided agreement. Carney said U.S. negotiators made last-minute proposals that were unfair and made any deal unreliable, and that Washington was demanding too much while offering too little. He recalled Canada’s team and announced matching tariffs after the U.S. planned to impose a 50% levy on about $28 billion of Canadian goods. The Surrey White Rock Board of Trade endorsed Carney’s decision, saying unfavorable terms are not worth accepting, and urged firms to seek new markets. The dispute matters because the tariffs will raise costs and reduce choices for Canadians, Carney said.