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Bilateral tariff structures work as a pressure calculation: each side's export exposure sets a ceiling on how long it can sustain an escalating posture. That ceiling gave way on Friday.
tariffs on roughly $20 billion in Canadian imports are now in effect after Prime Minister Mark Carney suspended negotiations and U.S.
Trade Representative Jamieson Greer confirmed on Saturday that no new talks are scheduled.
The negotiation that didn't close Greer, speaking on Fox & Friends Weekend, described the breakdown as Canada walking away from "the best deal." He named steel, automobiles, and lumber as the sectors where Washington was prepared to offer Ottawa tariff relief in exchange for Canada removing its own barriers against American goods.
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