US-Canada Trade Tensions Escalate as Talks Fail

Washington/Ottawa. Trade tensions between the United States and Canada have once again escalated after the final attempt to reach a trade agreement failed. The US President Donald Trump administration has imposed a 50 percent tariff on goods worth approximately $20 billion imported from Canada, prompting Canada to announce it will impose tariffs at an equal rate in response.

The new tariffs imposed by the US came into effect at midnight on Friday. Earlier, both sides were expected to reach an agreement. US President Trump himself had stated at the beginning of the week that an agreement had been reached with Canada. However, at the final stage, consensus could not be reached on the terms between both sides.