Canada Halts US Trade Talks as Carney Rejects Deal 'At Any Price'

Canadian Prime Minister Mark Carney announced Canada will not accept a trade deal with the United States "at any price," halting negotiations before a White House deadline expired. President Donald Trump accused Canada of "robbing the United States for years" and announced that from January 1, 2027, all cars, trucks, auto parts, and steel will face increased tariffs of 50%. Canadian steel already faces a 50% tariff, but Washington had suggested this could be reduced under a deal. Carney suspended talks Friday, and new US surcharges on 5.5% of Canadian exports took effect Saturday. Canada is the top steel exporter to the US, with 4.5 million tons sold in 2025, down 31% from the prior year. A weekend poll showed 76% of Canadians support ending negotiations, and 62% back retaliatory measures. Carney, in power since March 2025, seeks to reduce dependence on the US, which receives 70% of Canadian exports.