US, Canada Trade Talks End Without Agreement as Tariffs Loom

Why it matters locally: Minnesota's significant trade relationship with Canada, including imports of raw materials and exports of agricultural products and machinery, means the impending 50% tariffs could impact various sectors of the state's economy.

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WASHINGTON – Trade negotiations between the United States and Canada concluded Friday without an agreement, just before a midnight deadline. The outcome clears the way for the implementation of new 50% tariffs on $20 billion worth of Canadian products. Representatives from both countries engaged in discussions through Friday evening in an effort to avert the tariffs. However, talks ended hours later, without either side announcing a resolution. The impending tariffs target various goods imported from Canada.