Canada-US Trade Talks Collapse, Leaving USMCA Future in Doubt

After more than a year of negotiations, Canada-US trade talks collapsed on August 21. PM Carney accused US negotiators of "last-minute changes" that were "unfair" and "uneconomic"; US officials countered that Canada introduced "new demands and walk backs." The breakdown imperils the USMCA review — the framework governing roughly two-thirds of Canadian trade — after Washington rejected Ottawa's request for a 16-year renewal.