Canada's Prime Minister Mark Carney said he had suspended trade negotiations and Canada would retaliate dollar for dollar on the new tariffs.

WASHINGTON/OTTAWA -- The United States and Canada failed to reach a trade deal on Friday, and the White House said that it would impose 50-percent tariffs on certain imports from…

The two countries failed to reach an agreement before Saturday’s deadline for the Section 338 levies, with Canada vowing to “match those tariffs dollar for dollar.”