United States set to slap 50% tariffs on $20 billion in Canadian imports as historic allies can’t reach last-ditch deal

The United States imposed 50% tariffs on $20 billion worth of Canadian products early Saturday after last-ditch negotiations failed. This action follows increasing strain in relations between the historic allies. Canada responded immediately by stating it would retaliate against the measures. The failure to reach a deal has led to this significant trade escalation, impacting a substantial volume of imports as both nations struggle to resolve their latest diplomatic and economic disputes through official channels.