OTTAWA (Reuters) -The Canadian team working on a trade deal with the United States could walk away from talks in the wake of a U.S. decision to impose a 35% tariff on some goods from Canada, an adviser to Prime Minister Mark Carney said on Friday.

The federal minister responsible for Canada-U.S. trade says Canada won’t accept a bad deal from U.S. President Donald Trump’s administration and that there was no viable deal on the table this week.

After Canada failed to strike a trade deal with Washington, the president raised tariffs on some Canadian exports this week.

President Donald Trump’s latest tariff moves have drawn worry from Wall Street as stocks slumped and Treasury yields fell sharply

Here’s how Canada, Mexico, China and other countries fare under President Donald Trump’s plan to rebalance global trade.

U.S. President Donald Trump said on Thursday he had agreed with Mexican President Claudia Sheinbaum to extend an existing trade deal with Mexico for 90 days and continue talks over that period with the goal of signing a new deal.

US President Donald Trump said on Thursday he would delay the higher rate of reciprocal tariffs on Mexico by 90 days. Following a call with Mexican President Claudia Sheinbaum, Trump said he would extend “the exact same Deal as we had for the last short period of time”.

President Donald Trump signed an executive order Thursday placing tariffs on many U.S. trade partners — the next step in his trade agenda that will test the global economy and alliances