All articles tagged with #trade talks
Canadian PM Mark Carney is resisting President Trump’s tariff threats, walking away from talks and pledging to match new 50% U.S. tariffs dollar-for-dollar, a stance backed by provincial leaders and framed as a test of Canada’s sovereignty and economic resilience amid potential job losses.
U.S. Trade Representative Jamieson Greer said Canada caused the collapse of tariff negotiations, claiming Ottawa changed its demands at the last moment as Washington prepared 50% tariffs on about $20 billion in goods (including wine, hockey sticks and cement); Canadian PM Carney echoed criticism of last-minute U.S. changes. The tariffs took effect, and Canada signaled dollar-for-dollar retaliation. This is breaking news.
After the collapse of trade talks, Prime Minister Mark Carney calls the fresh US tariffs a miscalculation designed to hurt and divide Canada and says Ottawa will retaliate dollar-for-dollar from Sept. 8 on about $20 billion of imports (roughly 5%), including wine, dairy, cement, clothing and hockey equipment, on top of existing duties on steel, aluminum, autos and lumber. The move follows tense negotiations over USMCA renewal, with Canada and various provincial leaders backing or urging renewed talks, while President Trump has yet to comment.
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.
Canada says it will match the US’s 50% tariffs dollar-for-dollar after negotiations on a new trade deal failed to produce an agreement by the deadline, affecting about $20 billion in Canadian exports. Ottawa says last-minute changes by the US made a deal unfair and uneconomic, while US officials say Canada walked away from a careful balance. The move raises questions about the future of the US-Canada-Mexico framework and could impact North American industry, with domestic support and business voices urging resilience.
Canada suspends negotiations with the United States after last‑minute terms derail a deal, triggering 50% tariffs on about $20 billion of U.S. imports and pledging dollar-for-dollar retaliation. Talks stretched to the final hours but collapsed; the White House declined comment and provincial leaders offered mixed reactions as potential legal challenges to the tariffs loom.
US and Canada say their tariff agreement is very close, with concessions on autos, metals, and farm goods. A midnight deadline looms as negotiators discuss lowering auto tariffs toward 15%, restoring some steel exemptions, and easing digital services taxes, while liquor-store policies and Keystone XL remain on the table amid broader trade talks that could avert 50% tariffs if a deal isn’t reached.
Quebec’s premier says Canada-U.S. trade talks are far from finished as Premier Tim Houston and two others voiced support for the negotiating direction, though details remain fuzzy. The emerging deal reportedly aims to end some U.S. tariffs on agriculture, but Canada’s dairy supply-management system remains a sticking point. Ontario’s Doug Ford has not yet weighed in, and Ontario’s LCBO has played into past friction over U.S. alcohol. With the specifics of any agreement still unclear, key terms—especially dairy access—continue to be debated.
Trump’s threat to impose 50% tariffs on Canada jolted over a year of stalled U.S.-Canada trade talks, pushing negotiators back to the table over metals, dairy, alcohol, and streaming taxes; the brinkmanship—anchored in Section 338 of the Tariff Act—has unlocked concessions and a path toward a deal as deadlines loom, though it’s unclear if a final agreement will be signed.
Trump paused the 50% tariffs on Canadian imports for three days while negotiations on a deal—potentially tied to USMCA provisions and the Keystone XL pipeline—continue, aiming to avert duties on about $20 billion in goods.
Two weeks before 50% tariffs on about $20 billion of Canadian goods are set to take effect, Prime Minister Mark Carney called U.S.-Canada talks “nasty” in response to Trump’s rhetoric, signaling a tougher tone. Canada seeks a comprehensive, broad agreement rather than a narrow deal and continues high-level engagement with U.S. negotiators in Washington, aiming to map pathways to a broad pact by an August deadline.
Cowboys owner Jerry Jones says he likes the team as underdogs entering the 2026 season and is open to investing in a substantive trade to bolster Week 1; he’s encouraged by the camp mood and offseason moves (new defensive coordinator Christian Parker, Caleb Downs draft, George Pickens on the franchise tag), with training camp in Oxnard through Aug. 18 and a preseason vs. Seattle on Aug. 15.
Trade lawyers say Trump’s plan to impose 50% tariffs on Canadian goods should be treated as a credible threat, with a 30-day window before duties could take effect, and no formal talks yet scheduled to avert them. While officials say discussions are possible, analysts warn a resolution is unlikely amid a strained US-Canada relationship, and the tariffs could apply to goods previously exempt under USMCA; the legality under Section 338 remains unresolved. Businesses should prepare for short-term costs but not rush to overhaul supply chains pending any talks.
Trade talks between the Clippers and Raptors over Kawhi Leonard have a framework: LA would receive Brandon Ingram, Gradey Dick, and a first-round pick, but the Clippers are pushing for more value, including Jamal Shead to take on Dick’s contract. The teams disagree on which picks to include, with Toronto preferring 2027 or 2028 first-rounders and LA seeking two firsts, including a far-future pick if Shead isn’t involved. Toronto hasn’t moved Collin Murray-Boyles or Ja’Kobe Walter, and the Clippers aren’t being rushed—LA has offered a Leonard extension (not the max), a figure Toronto is more willing to meet, keeping the deal unsettled for now.
The Celtics are reportedly actively engaged in trade talks involving Jaylen Brown with multiple teams; Brown’s roughly $183 million super-max contract complicates any deal, as Boston weighs options to address a needed big man, with Cleveland, Houston and others cited as potential partners.