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Businesses fear closure with no Canada-U.S. trade deal as industry reacts
The head of the Canadian Chamber of Commerce called the breakdown in Canada-U.S. trade talks a self-defeating body blow to continental competitiveness.
The president of the Canadian Chamber of Commerce stated that no deal means higher American costs and some Canadian firms will close.
The president of the Canadian Labour Congress said walking away from a bad deal is the right choice for Canada on social media.
Prime Minister Mark Carney announced suspension of negotiations and retaliation with matching tariffs after the U.S. imposed 50% tariffs on some Canadian exports.