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Carney to Hold 11 a.m. News Conference After Suspending Trade Talks with U.S.

Talks collapsed after Canada’s trade minister left Washington without a deal, as one premier urged Ottawa to keep fighting and not rush concessions.

  • On Saturday, Prime Minister Mark Carney suspended trade talks with the United States after negotiations collapsed before the midnight deadline, triggering 50 per cent tariffs on billions of dollars in Canadian exports.
  • United States Trade Representative Jamieson Greer blamed the failure on Canada's "new demands" and "walk-backs," arguing the move upended a tentative agreement offering significant tariff reductions on steel, aluminum, autos, and lumber.
  • Targeting $28 billion in Canadian goods ranging from hockey sticks to dairy products, the new tariffs will impact multiple sectors. Carney vowed to provide support for businesses and workers in the coming days.
  • Alberta Premier Danielle Smith expressed being "deeply disappointed" and urged the government to restart negotiations, while Ontario Premier Doug Ford pledged his "full support" for the federal response.
  • Carney summoned negotiators back to Ottawa and will hold virtual meetings with his cabinet and Canada's premiers on Saturday to discuss the government's response and potential retaliation measures.
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It withdraws from the negotiations, protesting for the terms "unrighteous" demanded by the United States for the trade agreement. Thus the duties of 50% on over 28 billion dollars of Canadian goods come into force and Washington evaluates other measures. A big risk for Carney, which promises a dollar-per-dollar response, but also for Trump, who goes to hit an economy deeply integrated with the American one

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Carney to hold 11 a.m. news conference after suspending trade talks with U.S.

OTTAWA — Prime Minister Mark Carney is set to make a public statement and take questions from reporters Saturday after a last-ditch effort to reach a new trade deal with the U.S. collapsed before a midnight tariff deadline.

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Times of India broke the news in India on Saturday, August 22, 2026.
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