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US Canada Trade Dispute: Canada-US trade agreement talks break down due to Trump's stubborn attitude

  The two-week-long talks between Canada and the US on renewing the bilateral trade agreement have broken down at the last minute. The Canadian Prime Minister has called back his trusted and high-powered team sent to discuss the agreement to Ottawa. He said that now trade will be carried out only by calculating the dollar with the US dollar and no talks will be held under conditions. The Prime Minister said that the 50% tariff imposed by the US will be dealt with at midnight today.

A few years ago, the trade agreement between the two countries was until last Tuesday, but President Donald Trump, while extending its period for three days, announced that the agreement had been reached, but it may take a day or two to put it in writing. During this, the Canadian Prime Minister had asked the chief ministers of the provinces to order liquor contractors to start selling American liquor. But all hopes of an agreement have collapsed late this evening.

The statement issued by the Prime Minister said that he wanted to improve the bilateral relations that have been damaged due to trade tariffs for the past year and a half, but he is not so compelled to bow to any conditions of the US. He said that by expanding the 28 billion dollar trade between the two countries to other countries, he will hold the arm of his country's industry and workers in every aspect. He said that now the calculation with the US will be done dollar by dollar.

Trade talks suspended
In a statement issued late on Friday night, Prime Minister Mark Carney said that Canada is suspending trade talks for the time being and the negotiation team has been called back. He said that the amendments proposed by the US on the spot in the agreed agreement are not only unnecessary and economically harmful to Canada, but also question the credibility of the agreement.

Prime Minister Mark Carney, himself a leading economist, said that the economic growth in a few months was not enough to meet Canada's objectives. So his government wanted to maintain broad access to the US market for those objectives, which included reducing tariffs on key sectors and protecting Canadian businesses, but despite all efforts, this could not be achieved. He told Canadians that there was no need to panic, Canada would soon make up for this shortfall by making trade agreements with other countries at the global level.
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