The federal government is suspending all trade talks with the U.S.<\/p>\n
Prime Minister Mark Carney released a statement late Friday claiming the U.S. proposed last-minute changes before new tariffs were set to take effect that “were unfair, uneconomic, and called into question the reliability of any deal.”<\/p>\n
“Throughout, our goal has been to secure the best deal for Canadians, never a deal at any price or on any deadline,” said Carney.<\/p>\n
Instead, Canada will now match the 50 per cent tariffs on roughly $28 billion of Canadian goods that came into effect Saturday morning.<\/p>\n
“In the coming days, the government will introduce additional measures to support Canadian workers and businesses, building on the nearly $25 billion in support provided over the past 18 months,” added Carney.<\/p>\n
He ended his statement by saying the country’s economic growth is accelerating and on pace to be the second-fastest in the G7 over the next two years, despite trade disruptions from the U.S.<\/p>\n
Meanwhile, US Trade Representative Jamieson Greer called out Canada’s decision to stop talks, claiming it was a missed opportunity for the country.<\/p>\n","protected":false},"excerpt":{"rendered":"The federal government is suspending all trade talks with the U.S. Prime Minister Mark Carney released a statement…\n","protected":false},"author":2,"featured_media":867442,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,44],"class_list":["post-867441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/867441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=867441"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/867441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/867442"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=867441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=867441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=867441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}