Live updates: Carney suspends trade talks with US, Freedom 250 Grand Prix begins in Washington

Canadian Prime Minister Mark Carney announced on social platform X that the country would be suspending its trade talks with the U.S., setting Trump’s 50 percent tariffs into motion.

“The U.S. intends to impose a 50% tariff on $28 billion of Canadian goods. Canada will match those tariffs dollar for dollar to protect our workers and business,” Carney wrote in a statement Friday night.

The response comes after President Trump’s decision on Thursday night to pause the 50 percent tariffs for three days, saying the U.S. and Canada were finalizing a deal. But Carney believes the trade talks with the U.S. have “not been enough to meet our objectives for Canadians.”

Back in Washington, the streets will be filled with the roars of professional motor sports this weekend as the IndyCar Series brings its high-speed show to the nation’s capital for the first time ever for the Freedom 250 Grand Prix.

The event, which spans two days, will close streets near the National Mall and downtown D.C., and marks a dramatic conclusion to the summer’s 250th anniversary celebrations.