Live updates: Carney suspends trade talks with US, Freedom 250 Grand Prix begins in Washington

Canadian Prime Minister Mark Carney announced the suspension of trade negotiations with the United States, responding to the Trump administration's proposal to impose 50 percent tariffs on approximately $28 billion in Canadian goods. In response, the Canadian government declared its commitment to impose equivalent retaliatory tariffs to protect its workers and domestic industries.

The breakdown in trade discussions marks a significant escalation in bilateral tensions between the two nations, shifting from diplomatic negotiation to direct economic measures. Both countries have signalled their willingness to engage in mutual tariff retaliation rather than seek compromise on trade terms.