Daily Market Updates: U.S.-Canada trade talks fail, triggering new 50% tariffs

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U.S.-Canada trade talks fail, triggering new 50% tariffs

The new tariffs were set to take effect after the U.S. and Canada were unable to reach an agreement.

Reported · Written up by our desk · Trade & Tariffs

CNBC Markets reports that U.S.-Canada trade talks collapsed, leading to the start of new tariff measures on some Canadian exports.

The report says the tariffs include a 50% rate under the Trump administration and began after the two countries failed to reach a deal on Friday.

The tariff changes apply to specific Canadian export categories covered by the new measures, which moved into effect following the breakdown in negotiations.

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

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U.S.-Canada trade talks fail, triggering new 50% tariffs

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