Live from NPR News in Washington, I'm Louise Schiavone.
President Trump has imposed 50 percent tariffs on many Canadian goods after talks over freight.
Trade deal fell through.
NPR Sandelis Duster reports on the breakdown in negotiations.
Canadian Prime Minister Mark Carney announced the country will impose retaliatory tariffs on the U.S.
After the 50 percent tariffs went into effect.
U.S.
Trade Representative Jameson Greer says trade talks between both countries collapsed
Friday night after Canada declined to finalize a deal under terms already agreed to.
But Carney blames the U.S., saying U.S.
Demands, quote, reveal the limits of their commitment to a true economic partnership.
While the United States has imposed a seemingly endless stream of tariffs and threatened more,
Canada has by contrast taken several steps in good faith to try to find compromise and secure a comprehensive deal.
In the best interests of both Canadians and Americans.
Carney says Canada's retaliatory tariffs will begin on September 8th.
Chandelice Duster, NPR News.
Investors on Wall Street are keenly awaiting a speech this week by Federal Reserve Chair Kevin Warsh.
As NPR's Rafael Nam reports, he is set to speak at the annual Fed policy meeting in Jackson Hole,
Wyoming, with the bond markets in turmoil.
It's a highly anticipated speech.