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The Latest Breaking News from Mark Carney

U.S.-Canada Trade Talks Have Collapsed. Washington's Trade Representative Says Ottawa Is To Blame.

"I think there were things that the Canadians just wanted more," said Jamieson Greer.

International Business Times · Aug 24

Trump threatens to double tariffs on Canadian vehicles to 50% after trade talks collapse

"Canada has been ripping off the United States of America for years," the president wrote in a post on his Truth Social account.

Euronews · Aug 24

Trump brands Canada ‘worst nation to deal with’ as tariff dispute deepens

IN FULL

The Independent UK · Aug 24

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Trump Declares Canada 'Will Be Treated Like a State No Longer' as He Announces 50% Tariffs

Donald Trump has intensified the trade conflict with Canada by imposing 50% tariffs on key imports, following failed negotiations. The move could severely impact industries on both sides.

International Business Times UK · Aug 24

‘We don’t need Canada’: Trump threatens to double auto tariffs after trade talks collapse

US tariffs on all Canadian cars and trucks, automotive parts and steel will be increased to 50% starting January 1, 2027, President Donald Trump said Monday, adding that the US does not “need” Canada after the collapse of trade talks. Canadian Prime Minister Mark Carney said his administration had been…

France 24 · Aug 24

Ontario's premier: Canada should be ready to cut electricity, critical minerals as trade woes worsen

Ontario Premier Doug Ford tells The Associated Press that Ronald Reagan would be “throwing up” over President Donald Trump’s trade policies and threatened to cut off electricity and critical minerals to the United States if the Canada-U.S. trade fight worsens

The Independent UK · Aug 24

U.S. And Canada Escalate Their Trade War. Trump Announces Hike To Auto Tariffs.

President Trump announced 50 percent tariffs on Canadian goods after talks with Canadian Prime Minister Mark Carney stalled.

International Business Times · Aug 24

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‘Reagan would be throwing up:’ Ontario premier unloads on Trump and threatens to cut electricity to US as trade dispute escalates

Ford warned that ‘everything is on the table’ should the dispute deteriorate, including shutting off electricity exports and critical mineral shipments from Ontario

The Independent UK · Aug 24

Stocks Set to Open Lower as Chipmakers Get Hit, Nvidia Earnings and Warsh’s Jackson Hole Speech Awaited

September S&P 500 E-Mini futures (ESU26) are down -0.19%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.59% this morning, pointing to a lower open on Wall Street as chipmakers came under pressure at the start of a pivotal week.

Barchart · Aug 24

The U.S. is unlikely to win its 'dumb trade war' with Canada. Here's why

Also: All the news and watercooler chat from Fortune.

Fortune · Aug 24

Iran’s rial falls to record low as Scott Bessent warns of ‘economic D-day’ – as it happened

US Treasury secretary to announce sanctions against Tehran at a press conference at 1pm EDT (6pm London time)

The Guardian - UK · Aug 24

Canada rejected US tariff deal. Now comes the economic cost

Canada faces economic fallout after trade talks with the US collapsed and Washington imposed 50% tariffs on hundreds of Canadian products. Economists warn of slower growth and job losses, while Prime Minister Mark Carney plans retaliatory tariffs despite concerns they could raise consumer prices.

The Economic Times · Aug 24

US–Canada Trade Deal Collapses As Trucks Trigger 50% Tariffs Shock

Automakers on both sides of the border now face 50% tariffs on roughly $20 billion in Canadian exports after light and heavy vehicle rules split negotiators.

Motor1 · Aug 24

Canada PM Mark Carney Rejects Trump Deal Over Demands He Says Threaten Canada's Independence

Canada PM Mark Carney suspended US trade talks after rejecting last-minute demands he called unfair, as 50% tariffs on Canadian goods took effect.

International Business Times UK · Aug 24

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The Economic Times · Aug 23

‘We got attacked’: Mark Carney claims Canada is ‘at war’ with US as Trump’s 50% tariffs trigger trade showdown

Canada-US tariffs: Canadian Prime Minister Mark Carney says Canada was “attacked” and is “at war” with the US over trade as President Donald Trump’s 50% tariffs trigger a fresh economic showdown. Carney further panned the Trump administration for trying to pressure Canada into “a bad deal.” Canada plans dollar-for-dollar retaliation…

The Guardian - UK · Aug 23

The lesson from Canada’s collapsed trade talks with the US: negotiation may be futile

Breakdown shows Washington now prioritises its own interests over any semblance of shared economic ground

The Economic Times · Aug 23

‘We are out of business’: Founded in 1954, 70-year-old Canadian honey farm faces bankruptcy after 50% US tariff puts 90% of its customers at risk

A 70-year-old family-run Canadian honey farm is facing a potential financial crisis after the United States imposed a 50% tariff on Canadian goods, including natural honey. With around 90% of Podolski Honey Farms’ production sold to American customers, general manager Osee Podolsky says the new duties could make exports unviable…

The Times of India · Aug 23

MAGA skids on maple syrup: US-Canada ties on a slippery slope

TOI correspondent From Washington: Canada has long been seen as America’s best friend, even sibling: close enough to borrow sugar (or maple syrup) from, harmless enough to tease with quips like how the country is like a loft apartment over a great party (Robin Williams) and “I don’t even know…

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The Economic Times · Aug 23

Trump admin predicts US trade war 'devastating' for Canada

In a critical exchange, the United States cautioned Canada against pursuing a trade war, labeling it as a reckless move that could lead to severe repercussions. Following a collapse in talks, American tariffs on Canadian goods took effect. In response, Canada implemented its own tariffs focused on American steel and…

International Business Times · Aug 23

Trump Slams Canada. Row Over Retaliatory Tariffs Continues

Canadian Prime Minister Mark Carney alleged that the final demands made by the US were too stretched. These reportedly included steps Canada considered as unacceptable, including terms that curtailed Canada's ability to negotiate trade agreements with other countries

The Guardian - UK · Aug 23

‘No more!!!’: Trump lashes out after US-Canada talks devolve into trade war

PM Mark Carney says ‘we got attacked’ as tariffs come into force on items from hockey sticks to tongue depressors

France 24 · Aug 23

Trump says Canada wants 'benefits of being a State, without being one' as trade war deepens

US President Donald Trump slammed Canada on Sunday, saying the country wanted "the benefits of being a State, without being one", in response to Canadian Prime Minister Mark Carney announcing retaliatory tariffs following failed trade negotiations.

Euronews · Aug 23

Canadian PM Carney says new US tariffs are 'designed to hurt us and divide us'

"We cannot accept what they've offered, and we will not give what they've asked," Carney said during a speech outlining Canada's position on the trade dispute with the US.

The Economic Times · Aug 23

What to know about Trump’s 50% tariffs on Canadian goods

United States President Donald Trump imposed fifty percent tariffs on Canadian imports. Canada's Prime Minister Mark Carney promised matching retaliatory measures starting September eighth. These new tariffs affect approximately five percent of Canada's annual exports to the United States. Experts warn these steeper tariffs will raise costs for businesses and…

We Got This Covered · Aug 22

‘The danger is really retaliation’: Canada and US teeter on trade war as talks collapse. Beer and cheese are among the goods facing 50% tariffs

A “body blow to North American competitiveness in this self-defeating trade saga.”

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