Lutnick's Pressure Collapses US-Canada Negotiations, Trump Announces Tariff Hike

TechFlow: On August 25, according to Jinshi Data, insiders revealed that US Commerce Secretary Lutnick's last-minute pressure directly led to the breakdown of US-Canada trade negotiations. Trump subsequently announced new tariffs on Canadian goods, and Canadian Prime Minister Carney vowed to take retaliatory measures. Insiders noted that Lutnick believed the previous framework agreement was too lenient toward Canada and spoke on behalf of US metal producers.

Accounts differ regarding the reasons for the breakdown of the talks. Some Canadian figures criticized Lutnick for changing negotiation objectives midway, while business leaders argued that he successfully thwarted potential risks threatening the US metals industry. White House officials denied that Lutnick caused the talks to break down, insisting that the interruption occurred because Canada raised ad hoc demands outside the scope of the agreement.