U.S.-Canada trade talks collapse, ushering in wave of new tariffs

US President Donald Trump speaks with Canada's Prime Minister Mark Carney during a work lunch as part of the G7 summit, in Evian, eastern France, on June 16, 2026. A G7 summit is set to take place June 15 to 17 in the French town of Evian-les-Bains near Switzerland and it will be attended by country leaders as well as the EU's foreign policy chief and ministers from Brazil, Canada, the United Arab Emirates and Turkey. (Photo by Evelyn Hockstein / POOL / AFP via Getty Images)Evelyn Hockstein | Afp | Getty ImagesTrade talks between the U.S. and Canada fell apart on Friday, triggering a new set of 50% Trump administration tariffs.Negotiators for both sides had been working on a deal all week, at times signaling that an agreement was near. President Donald Trump had postponed the original deadline of Wednesday just hours ahead of it being imposed, saying that there was a soon-to-be finalized deal. Dominic LeBlanc, Canada's trade minister for the U.S., told reporters on Thursday that a deal was "very close."However, both sides blamed the other on Friday as the tariffs, impacting roughly $20 billion in Canadian exports, including wine, furniture, dairy products, cement, clothing, fishing...