00:01And while we believed earlier this week that we were moving towards a mutually beneficial
00:08agreement, in recent days the United States proposed new terms that were uneconomic, unfair,
00:15and undermined the net benefits for Canada and called into question the reliability of
00:21any deal.
00:23In short, they asked too much and they offered too little.
00:28More fundamentally, the cumulative effect of U.S. demands revealed the limits of their
00:35commitment to a true economic partnership.
00:39As I said earlier, as a result, last evening I suspended trade negotiations with the United
00:43States and directed our negotiators to return.
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