Carney Abandons Trade Talks with Trump Administration
Canadian Prime Minister Mark Carney has walked away from trade negotiations with the US administration. He abandoned talks after indicating that what might have been a good deal had become one Canada would not accept.
The phrase 'no deal is better than a bad deal' defines his approach, familiar to him from his time at the Bank of England during the Brexit referendum. Carney plans to impose retaliatory tariffs on the US by September 8, which could provoke further responses from the White House.
Before abandoning the talks, negotiations between the White House and Canada had become increasingly bitter. Reports emerged that Vice President JD Vance mocked the Canadian leader, calling him a 'very sweet guy' and claiming he failed to out-tough President Trump.