Canada says it will match US tariffs 'dollar for dollar' as trade talks break down

> A fresh wave of US tariffs on a wide array of Canadian goods came into effect on Saturday after a last-minute breakdown in trade talks.

> Announcing the suspension of negotiations shortly before the Friday night deadline, Canadian Prime Minister Mark Carney said he would impose reciprocal tariffs on US goods "dollar for dollar".

> Carney said "last-minute changes in the US proposed terms were unfair, uneconomic, and called into question the reliability of any deal".

> Trade negotiators had been engaged in intense talks since July, after President Donald Trump threatened to impose a 50% levy on nearly $20bn (C$28bn; £14bn) of Canadian imports by 19 August.

> Trump had temporarily paused those tariffs earlier in the week, saying the two sides were close to signing a trade deal that was "very good" for both countries.

> But minutes before the deadline for a deal, Carney said that while "important progress" had been made in the talks it was "not enough to meet our objectives for Canadians".

> "As a result, this evening, I have decided to suspend trade negotiations with the US and have directed negotiators to return to Ottawa," he said.

https://www.bbc.com/news/articles/cvgvyy4x2mvo