AP Top News at 11:08 a.m. EDT

US and Canada fall deeper into a trade war with new tariffs as talks collapse and blame is spreadTORONTO (AP) — The United States and Canada, historic allies along an undefended border, fell deeper into a trade war Saturday marked by angry recriminations and new tariffs that are expected to raise prices for products in both countries. Each side blamed the other for the collapse of negotiations in Washington late Friday, leading the U.S. to impose 50% tariffs on $20 billion worth of Canadian goods and Canada setting Sept. 8 as the start of its retaliatory penalties. President Donald Trump’s import taxes will hit about 5% of what Canada ships to the United States every year, ranging from hockey sticks to tongue depressors.Iran's rial currency hits new record low as US prepares to announce mo