Trump's Trade Policy Hits a Wall After Canada Talks Collapse
US President Donald Trump faces mounting criticism from politicians and business leaders after US-Canada tariff negotiations collapsed, raising concerns about rising prices for households and companies ahead of November midterm elections. The failed talks triggered immediate 50 percent tariffs on Canadian goods worth $20 billion, including hockey sticks, honey, and wine. Canada's Prime Minister Mark Carney vowed to retaliate "dollar for dollar," accusing Trump of starting a trade war and calling the US demands unfair. Experts call the breakdown a significant setback for Trump's trade policy, noting other nations are watching closely. Canada previously benefited from a 2020 trade agreement, but Trump's threats to exit it and impose tariffs have strained relations between the closely linked economies.