{"id":221572,"date":"2026-08-22T11:13:00","date_gmt":"2026-08-22T11:13:00","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/canadian-prime-minister-suspends-trade-talks-with-u-s-setting-new-50-tariffs-in-motion-nbc-news\/"},"modified":"2026-08-22T11:13:00","modified_gmt":"2026-08-22T11:13:00","slug":"canadian-prime-minister-suspends-trade-talks-with-u-s-setting-new-50-tariffs-in-motion-nbc-news","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/canadian-prime-minister-suspends-trade-talks-with-u-s-setting-new-50-tariffs-in-motion-nbc-news\/","title":{"rendered":"Canadian prime minister suspends trade talks with U.S., setting new 50% tariffs in motion – NBC News"},"content":{"rendered":"

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Trade talks with Canada collapsed late Friday night, setting in motion steep 50% tariffs on a wide swath of Canadian goods. The duties went into effect at the stroke of midnight.
After weeks of talks, Canadian Prime Minister Mark Carney announced that while important progress had been made, \u201cthat progress has not been enough to meet our objectives for Canadians.\u201d
\u201cAs a result, this evening, I have decided to suspend trade negotiations with the U.S. and have directed Canada\u2019s negotiators to return to Ottawa,\u201d Carney said in an emailed statement minutes before the deadline.
The tariffs impact about $20 billion worth of U.S. imports from Canada, according to the U.S. Trade Representative\u2019s office. The import taxes will hit everything from hockey sticks, to some building materials, liquors and certain kinds of clothing.
Carney says Canada will immediately retaliate against the U.S. \u201cCanada will match those tariffs dollar for dollar to protect our workers and businesses,\u201d he said.
The failure by American and Canadian trade negotiators to reach a deal came after nearly two weeks of furious talks. It was also a dramatic reversal from Tuesday, when Trump paused the tariffs<\/a> for three days, writing on social media that the two sides \u201chave a DEAL!\u201d
Officials on both sides had seemed optimistic about a deal up until the very last moment. On Thursday, the Canadian minister responsible for U.S. trade relations met with U.S. Trade Representative Jamieson Greer for several hours.
\u201cWe\u2019re very close, we continue to make progress and we\u2019re going to stay here and do the work that is necessary until we get to that point,\u201d Dominic LeBlanc told reporters as he left Greer\u2019s office late Thursday.
Canadian negotiators met again with their U.S. counterparts on Friday and talks stretched until the final hours of the day. Officials remained at the U.S. Trade Representative\u2019s office past 10:30pm E.T. Friday. But ultimately, the two sides were unable to reach a compromise.
In his statement, Carney said \u201clast-minute changes in the U.S. proposed terms were unfair, uneconomic, and called into question the reliability of any deal.\u201d
\u201cWe have recognised from the beginning that America has changed, and that we will not return to our old relationship,\u201d Carney said. \u201cCanada has what the world wants. And we will not allow any nation to determine our future.\u201d
Greer said in a statement early Saturday that Canada \u201cdeclined to finalize the trade deal under the terms agreed earlier this week.\u201d
\u201cDespite the U.S. 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,\u201d he said.
Greer said that a point of contention was Canada continuing to maintain its retaliation against the United States \u201cincluding, among other things, flat-out prohibitions on certain American goods and services.\u201d Those bans, introduced by Canada\u2019s provinces on the sale of American alcohol, were introduced in 2025 in retaliation for earlier waves of Trump\u2019s tariffs on Canada.
As talks wore on this week, the government of Carney faced some pushback from premiers of Canada\u2019s provinces back home.
Manitoba premier Wab Kinew said the Canadian federal government should \u201cfight\u201d Trump.
A particular sticking point was a request from Carney to the provincial premiers to lift their bans on American alcohol sales.
Quebec premier Christine Fr\u00e9chette said Thursday that she was still \u201canalyzing\u201d the request, CBC reported<\/a>. Other premiers, such as Ontario\u2019s Doug Ford \u2014 who leads the country\u2019s most populous region \u2014 did not make any public remarks on Thursday or earlier Friday.
However, Ford wrote on X <\/a>after Carney\u2019s announcement, \u201cThe prime minister has my full support for a strong response\u2014tariff for tariff, dollar for dollar.\u201d Ford said Canada \u201cneeds to stand together more united than ever before.\u201d
The prime minister had previously said Trump\u2019s threatened tariffs would amount to a \u201cdirect violation\u201d of the United States-Mexico-Canada Agreement, which Trump had negotiated and signed during his first term.
The U.S. Chamber of Commerce warned in a statement this week that \u201chigher tariffs would damage both economies, drive up costs for U.S. families, further disrupt critical supply chains, and risk the 13 million American jobs that depend on\u201d the North American trade pact.
After Carney\u2019s announcement on Friday, the Canadian Chamber of Commerce, seemed to agree, calling it \u201ca body blow to North American competitiveness in this self-defeating trade saga.\u201d
\u201cAmericans will see their costs go up, and Canadians will see customers, investment and small businesses disappear,\u201d said Candace Laing, president & CEO of the Canadian Chamber of Commerce.
The new tariffs were imposed under presidential authority granted by Section 338 of the Tariff Act of 1930<\/a>, which has never been deployed before.
The law allows the White House to implement duties of up to 50% on any foreign trade partner that \u201cdiscriminates\u201d against U.S. commerce.
Nonetheless, the new Canada tariffs are all but certain to be challenged in court.
Canadian officials had been hoping to convince the White House to drop the Section 338 tariffs entirely. In addition to that goal, they had also been looking for a lower tariff rate on industrial products such as steel and aluminum that were imposed under Section 232 of the Trade Act, CBC News and Bloomberg have reported.
On Wednesday, Bloomberg reported that American negotiators had agreed to lower the current tariffs on cars and metals from 25% to 15%.
In his statement early Saturday, Greer said that the U.S. had offered \u201csignificant tariff reductions on steel, aluminum, autos, and lumber,\u201d without providing specifics. \u201cThis is a missed opportunity for Canada to partner with the United States,\u201d he said.
Spokespeople for Canadian officials involved in the talks have repeatedly declined to provide additional details about the negotiations to NBC News.
But Greer previously said that the new 50% duties on Canada were effectively payback for Ottawa\u2019s retaliation against prior tranches of Trump\u2019s tariffs.
\u201cThe policy basis for those duties are related to measures that Canada took against the United States,\u201d Greer said last week<\/a>. \u201cSo I\u2019ve got two countries in the world that have retaliated against the United States for trade measures: the People\u2019s Republic of China and Canada. That\u2019s not the kind of company you really want to be running in.\u201d
Last year, Trump briefly responded to China\u2019s retaliation by raising tariffs into the triple digits. Talks between Treasury Secretary Scott Bessent and China\u2019s vice premier over months eventually diffused the tensions and tariffs were lowered.
Steve Kopack is a senior reporter at NBC News covering business and the economy.
© 2026 NBCUniversal Media, LLC<\/p>\n

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