U.S.-Canada Trade Talks Collapse Without A Deal

BREAKING: US-Canada trade talks collapse without a deal as Mark Carney suspends negotiations and prepares retaliatory tariffs against the United States over the Trump administration's new levies.

Trade talks between the United States and Canada just fell apart. No deal, no handshake, nothing.

Mark Carney has suspended negotiations entirely, and he isn't walking away quietly. Ottawa is preparing retaliatory tariffs against the United States, a direct answer to the Trump administration's new levies. You can see him here, the former central banker who spent his career calming markets, now the prime minister squaring up to Washington.

And this is the White House he's squaring up to. Trump's team bet that Canada would blink first, because it usually does. Roughly three quarters of Canadian exports go south, so this is a fight Ottawa can't afford and apparently can't avoid.

Two neighbours who share the longest border on Earth are now drawing up tariff lists against each other. Whatever crosses that line next is going to cost more, on both sides.

This is Sara White, reporting for HIT.