UK Halts Trade Talks with Canada After Brexit Disagreements

The UK has halted trade negotiations with Canada after almost two years of discussions regarding a post-Brexit agreement. This decision means that the UK's trading terms with Canada will be worse than when it was part of the EU's deal with the country. The breakdown in talks is primarily due to disagreements over issues such as high import taxes on cars and cheese, as well as Canada's push for the UK to relax its ban on hormone-treated beef. The total goods trade between the two countries was worth £19.2bn in 2020, with UK imports from Canada valued at £7.3bn and UK exports to Canada at £11.8bn.

• The UK has stopped trade talks with Canada after nearly two years of negotiations on a post-Brexit agreement.
• Trade between the two countries currently takes place under the terms of a deal the UK rolled over from its time as an EU member.
• Talks about extending these terms as part of a new deal have broken down, leading to the UK's formal suspension of talks with a trade partner since leaving the EU trading regime in 2021.
• This could result in higher tariffs for British car companies and cheese exports to Canada.
• Disagreements over issues such as high import taxes, Canada's push for the UK to relax its ban on hormone-treated beef, and the total goods trade between the two countries worth £19.2bn in 2020, have contributed to the breakdown in negotiations.