According to CoinMeta, recent trade negotiations between the United States and Canada have broken down, with Canada rejecting the agreement proposed by Trump, which led to the U.S. imposing a 50% tariff on $20 billion worth of Canadian goods. Canadian Prime Minister Justin Trudeau has suspended the negotiations and recalled the national trade team, describing the terms proposed by the U.S. at the last moment as "unfair" and "uneconomical." Ottawa has stated that it will retaliate with tariffs on every dollar's worth of $20 billion in U.S. goods, escalating the latest trade standoff.