Tariffs Trigger Collapse of US-Canada Trade Talks

Two weeks of US-Canada trade talks collapsed after the US moved forward with 50% tariffs on about $28 billion of Canadian goods, with Canada saying it would match the duties dollar-for-dollar. Negotiators had been close on autos and other concessions, but late-stage demands derailed a deal. The tariffs target items from wine and spirits to cement and hockey sticks, potentially raising costs for consumers and disrupting supply chains and cross-border trade under USMCA rules.