Prime Minister Mark Carney says U.S. trade demands confirm Canada’s fears that U.S. President Donald Trump is seeking to dismantle its auto industry, as Trump threatened new 50% tariffs on Canadian vehicles, auto parts and steel.

Mark Carney said late Friday night that he had suspended trade negotiations with the United States.

Canada has suspended trade negotiations with the United States after Prime Minister Mark Carney rejected the latest U.S. terms, calling them “unfair” and “uneconomic.” The…