Mark Carney says U.S. terms "not been enough to meet our objectives" as U.S.-Canada pact collapses

According to POLITICO, a U.S.-Canada trade agreement collapsed Friday evening, ending a deal President Donald Trump had announced days earlier. Trump had paused threatened 50 percent tariffs to allow finalization. U.S. Trade Representative Jamieson Greer said Canada walked away despite an offer of favorable treatment; Canadian Prime Minister Mark Carney responded that Washington’s latest terms were not enough for Canadians and cast doubt on U.S. dependability. Carney said Ottawa would retaliate with matching tariffs and seek other trading partners. The breakdown threatens automotive, steel, and aluminum trade and could raise consumer prices before U.S. midterm elections. Both countries’ trade offices did not immediately comment.