Canada Trade Deal Fails. Say What???
A trade agreement between the U.S. and Canada fell apart just before midnight on Friday, marking a significant setback in the ongoing trade war between the two traditionally close allies.
The deal’s collapse means 50 percent tariffs on $20 billion worth of Canadian goods now go into effect, hitting products ranging from alcohol to hockey skates.
“Canada declined to finalize the trade deal under the terms agreed earlier this week. Despite the U.S. offer to Canada to receive the best treatment of any major exporter to our market, new demands and walkbacks of other commitments by Canada upended the careful balance reached in the past days,” U.S. Trade Representative Jamieson Greer told reporters late Friday night.
“This is a missed opportunity for Canada to partner with the U.S.,” Greer added.
Canadian Prime Minister Mark Carney said in a statement that the results of the negotiations had “not been enough to meet our objectives for Canadians” and pointed the finger at Washington.
By Daniel Desrochers and Ari Hawkins ‘Politico’
It would have been impossible to predict just how far the American and Canadian relationship has fallen, its slid into an abyss no one thought would have ever formed. This Administration is taking some of our closest allies and treating them like hostile adversaries with no end in sight. New tariffs are introduced every week which is causing so many goods that Americans purchase to sky rocket in price.
