US and Canada fail to reach tariff agreement, paving way for 50% duties

The United States and Canada have failed to secure a trade agreement regarding tariffs, signaling a serious escalation in their trade conflict. The collapse of negotiations means that a 50% tariff on Canadian goods is set to be implemented.

This trade dispute represents the most significant rupture in relations between Washington and Ottawa in recent times. The aggressive foreign policy pursued by Donald Trump has reportedly caused discontent among Canadian officials.

Sources indicate that both sides were close to finalizing a deal to reduce tariffs on steel, aluminum, and automobiles. However, the agreement fell apart at the last moment, with both the U.S. and Canada blaming each other for the failure.

Canadian Prime Minister Mark Carney has pledged to match American tariffs on a "dollar-for-dollar" basis following the breakdown of the trade talks. Previously, Donald Trump had delayed the imposition of tariffs against Canada, which were originally scheduled to take effect on August 19.