Can Carney keep up? Canada cancels trade talks with US - what's at stake

Canada sends roughly three-quarters of its goods exports to the US, while the two countries traded about $880 billion in goods and services last yearCanada and the United States were close to a trade deal this week. Then the negotiations collapsed. Canadian Prime Minister Mark Carney walked away from the talks, saying Washington had “asked too much and offered too little”. Hours later, US President Donald Trump followed through with 50% tariffs on about $20 billion worth of Canadian imports.Carney has now promised to hit back dollar for dollar. Canada’s retaliatory tariffs will begin on September 8 and target US steel, dairy, appliances, agricultural equipment, pulp and paper and electronics. The escalation is a major test for a prime minister who built his political pitch around protectin