US Hits $20 Billion in Canadian Goods with 50% Tariffs as Talks Collapse

The US imposed 50% tariffs — taxes on imports — on $20 billion of Canadian goods after negotiations failed before Saturday's midnight deadline. Trump cited Canada's bans on US alcohol under Section 338, a trade law. PM Carney rejected demands he called a threat to sovereignty and pledged to match tariffs dollar for dollar. No further talks are scheduled.