US Set to Impose 50% Tariffs on $20 billion Worth of Canadian Products

The U.S. is set to impose 50% tariffs on $20 billion worth of Canadian goods early Saturday after last-ditch talks failed. The tariffs will affect roughly 5% of Canada's annual exports to the U.S., covering items from hockey sticks to tongue depressors. "Tonight, Canada declined to finalize the trade deal under the terms agreed earlier this week." "new demands and walk backs of other commitments by Canada have upended the careful balance reached" "Last-minute changes in the U.S. proposed terms were unfair, uneconomic, and called into question the reliability of any deal."