Washington and Ottawa have failed to reach a deal to avert new US tariffs on Canadian goods, with duties of up to 50% now taking effect on certain products. US Trade Representative James Greer says Canada rejected Washington’s final terms, while Canadian Prime Minister Mark Carney called the proposed deal unfair and economically unacceptable. With the US accounting for around 70% of Canada’s exports, the escalating trade standoff could hit factories, jobs, supply chains and consumer prices on both sides of the border.
