BREAKING - There is no trade deal between Canada and the US, as per the White House.
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Via Reuters #cdnpoli
USTR Greer says Canada has declined to finalize trade deal
Greer: Canada is continuing its retaliation against U.S.
Greer: U.S. offered more favorable access to U.S. market
Senior Trump administration official says Section 338 tariffs of 50% on certain Canadian imports will take effect at 12:01 a.m. EDT on Saturday
Senior Trump administration official: Agreement would have reduced tariffs substantially
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The Canadian government intends to bring in dollar for dollar tariffs to match the US tariffs, as per a statement form Mark Carney
"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."
"In recent weeks, we made important progress toward improving Canada’s position as having the best deal in the world with the U.S.
However, that progress has not been enough to meet our objectives for Canadians. As a result, this evening, I have decided to suspend trade negotiations with the U.S. and have directed Canada’s negotiators to return to Ottawa. They have worked hard, in good faith, to defend the interests of Canadians throughout these negotiations up until the very last minute. However, last-minute changes in the U.S. proposed terms were unfair, uneconomic, and called into question the reliability of any deal."
Source: x@Gray_Mackenzie
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