Negotiations between the United States and Canada on a new bilateral trade agreement fell apart on Friday, hours before the scheduled deadline, after both sides failed to reconcile differences on tariff schedules for agricultural and automotive products. Canadian officials cited the U.S. demand for higher dairy tariffs as a sticking point, while American negotiators argued that Canada’s proposed reductions on steel duties were insufficient. The breakdown threatens to stall cross‑border supply chains and could lead to renewed tariffs affecting billions of dollars in trade. Industry groups on both sides warned of potential price hikes for consumers if a new accord is not reached quickly.
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