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00:02U.S.-Canada trade talks collapsed late Friday after officials had appeared close to an agreement,
00:08triggering new tariffs and plans for Canadian retaliation, according to the Wall Street Journal.
00:13The U.S. imposed 50% tariffs on about $20 billion of Canadian goods after Trade Representative
00:19Jameson Greer said Canada walked away from the negotiations and made new demands.
00:24Prime Minister Mark Carney said the U.S. instead introduced unfair terms that threatened Canadian sovereignty.
00:32Canada plans dollar-for-dollar counter-tariffs on U.S. steel, dairy and appliances starting September 8th.
00:39Talks had included proposals to lower U.S. tariffs on Canadian steel, aluminum and automobiles,
00:44but disagreements over metals, vehicle tariffs and other U.S. demands caused the deal to unravel.
00:49For all things money, visit Benzinga.com.
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