Crucial trade talks between the United States and Canada to stave off punishing new tariffs by the Trump administration on Canadian goods collapsed late Friday, with Canada saying it would retaliate “dollar for dollar.”
United States trade representative Jamieson Greer told reporters that Canada had walked away from the negotiating table after days of talks had brought them close to an agreement that would avert 50 percent tariffs on more Canadian goods. President Trump had this week repeatedly said that the two countries, locked into a trade war since last year, were very close to a “good deal.”
Canada Cannot Win a Trade War. It Needs a rational honest Strategy.
The prize in Canada’s confrontation with Washington is continued access to the world’s largest economy, sitting directly next door. The United States is a roughly $32 T market. China may be the second-largest… https://t.co/jyK5FUyn2M
— James E. Thorne (@DrJStrategy) August 22, 2026
