Carney, Canada and tariffs
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Mark Carney suspended talks and will take out retaliatory tariffs against the United States after days of negotiations to stave off new levies by the Trump administration ended in an impasse.
New 50% Trump administration tariffs on some Canadian exports went into place after the U.S. and Canada failed to reach a deal on Friday.
A new wave of tariffs will hit Canada early Saturday morning, with steep 50% duties in effect at the stroke of midnight.
Canada and the United States have long had one of the world's closest and most durable alliances. That has been undone during President Trump's second term, in which he has wielded punishing tariffs and leveled other threats.
The United States imposed 50% tariffs on $20 billion worth of Canadian products early Saturday, and Canada immediately said it would retaliate, after last-ditch negotiations failed.
A resolution remained just out of reach as marathon talks between trade officials from the United States and Canada continued on Friday afternoon.