US-Canada trade standoff: 50% tariff kicks in as Ottawa vows 'dollar-for-dollar' response

The United States called the collapse of three days of intensive trade talks with Canada a “missed opportunity”, as Ottawa suspended negotiations and ordered its team to return, as Washington imposed 50 per cent tariffs on Canadian goods.US trade representative Jamieson Greer said Canada had declined to finalize a deal despite what he described as a US offer to give Canada the “best treatment of any major exporter” to the American market. He said new Canadian demands and changes to earlier commitments had disrupted the balance reached during negotiations."Tonight, Canada declined to finalize the trade deal under the terms agreed earlier this week. Despite the US offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk backs of other commitments by Canada have upended the careful balance reached in the past days.