<\/p>\n
Carney’s speech on Saturday was his first address to Canadians after he announced late on Friday night that a deal would not be reached, accusing the Americans of making “last-minute changes” that were “unfair” and “uneconomic”. <\/p>\n
US negotiators, meanwhile, accused Canada of making “new demands and walk backs” on terms which had been previously agreed.<\/p>\n
On Saturday, US trade representative Jamieson Greer told Fox News there were no plans to resume talks.<\/p>\n
He added that the US had been prepared to cut some of its tariffs on Canada as part of the ill-fated deal.<\/p>\n
Carney, however, said the US presented “unacceptable” terms that were too restrictive, including curbing Canada’s ability to strike new trade deals with other countries.<\/p>\n
He also rejected the assertion that Canada had made last-minute requests: “We clarified what was on offer and were continually disappointed by the answers.”<\/p>\n
Doug Ford, the leader of Canada’s most populous province Ontario, backed Carney and said Trump “can’t be trusted”. <\/p>\n
British Columbia Premier David Eby said the US demand for restrictions on Canada’s ability to have other trade deal “would reduce us to the economic equivalent of the 51st state.”<\/p>\n
“It was never acceptable to Canadians,” Eby said. <\/p>\n
The Conservative opposition leader Pierre Poilievre also appeared to support Carney, calling the latest US levies “unjustified”.<\/p>\n
Quebec’s premier, Christine Fr\u00e9chette, warned jobs would likely be lost as a result of the new US tariffs.<\/p>\n
“Behind these numbers are real people,” she said, vowing to introduce measures to support impacted sectors.<\/p>\n
Alberta Premier Danielle Smith, whose oil-rich province has worked to make inroads with the Trump administration, urged both sides to resume talks.<\/p>\n
The collapse comes after more than a year of on-again, off-again trade talks, which intensified in recent weeks after a US-imposed deadline to strike a deal or face further tariffs.<\/p>\n
The two countries were also engaged in a mandatory review of an existing North American free trade agreement, known as USMCA, with Mexico. <\/p>\n
The pact was signed by Trump during his first term to replace the 1994 North American Free Trade Agreement. It underpins $1.6tn (\u00a31.2tn) in annual trilateral trade across Canada, the US and Mexico. <\/p>\n
Earlier this summer, Canada and Mexico had formally requested for USMCA to be renewed for another 16 years. The US, however, declined to renew it in its current form.<\/p>\n
Asked how Friday’s trade talk collapse would impact the North American free trade pact, Carney said it was “certainly not good news”. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
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