Why Canada suspended US trade talks despite Trump's ‘good relationship’ with Carney
Canada has suspended trade negotiations with the United States after Prime Minister Mark Carney rejected last-minute changes to proposed terms. Despite President Trump's earlier optimism, the deal stalled over disagreements regarding tariffs and market access.
Why it matters
The breakdown of trade talks between these major economic partners could lead to increased tariffs and market volatility.
Canada on Saturday suspended trade negotiations with the United States after last-minute changes to Washington's proposed terms were deemed "unfair" and "uneconomic" by Prime Minister Mark Carney, abruptly derailing talks that had appeared close to a deal.The breakdown came hours after US President Donald Trump said the agreement with Canada was "moving along" and expressed confidence that the two sides could reach a deal.Speaking to reporters at Joint Base Andrews before departing for Myrtle Beach, South Carolina, Trump was asked about the status of the Canada deal."Pretty much, I think so, we'll see. I've dealt with the Prime Minister, have a good relationship and yeah, we have to take care of our farmers.
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