PROSPER WEEKLY

U.S.-Canada trade negotiations collapsed on August 21 after days of intensive talks failed to produce a final agreement, escalating tensions between the two longtime trading partners. Negotiators had appeared close to a deal after President Trump temporarily delayed new tariffs to allow additional time for discussions. However, disagreements over tariff relief for Canadian steel, aluminum, automobiles, and commercial vehicles ultimately proved insurmountable. U.S. officials accused Canada of seeking additional concessions at the last minute, while Canadian Prime Minister Mark Carney said Washington introduced new demands that Canada could not accept.