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  • 2 months ago
Canadian Prime Minister Mark Carney pushed back against U.S. Commerce Secretary Howard Lutnick over stalled trade talks. Canada says it remains open to negotiations as retaliatory tariffs on U.S. goods approach, according to CNBC.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Canadian Prime Minister Mark Carney pushed back Thursday after U.S. Commerce Secretary
00:07Howard Lutnick accused Canada of derailing trade talks for political reasons, according to CNBC.
00:14Carney said unelected U.S. officials were not experts on Canadian politics,
00:18and accused Washington of changing its stated red lines after negotiations collapsed.
00:23He said Canada remains willing to resume talks and reach a deal that benefits both countries.
00:29President Trump later criticized Carney on Truth Social and warned Canada's economy could collapse.
00:35Negotiators walked away from talks last month before Trump's August 22nd deadline for 50% tariffs on about $20 billion
00:42of Canadian imports.
00:43Canada has announced retaliatory dollar-for-dollar tariffs on U.S. goods set to take effect next week.
00:50For all things money, visit Benzinga.com.

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