According to CoinMeta, sources familiar with the matter revealed that trade negotiations between the United States and Canada broke down after U.S. Secretary of Commerce Robert Lutnick exerted pressure at the last moment. This led U.S. President Donald Trump to announce new tariffs on Canadian goods, while Canadian Prime Minister Justin Trudeau vowed to take retaliatory measures. The sources stated that Lutnick viewed the preliminary agreement as being too lenient towards Canada and became a spokesperson for American metal producers who wished to reclaim the concessions made. Some Canadians accused him of changing the negotiation objectives, while some business leaders believed that Lutnick successfully thwarted what they saw as a threat to the American metal industry, which Trump had promised to protect. Lutnick’s intervention at the last moment allowed him to become more deeply involved in the negotiations, once again demonstrating his role as a “disturbance maker” within the Trump administration, often seizing trade issues he believed the U.S. could leverage for more gains. However, a White House official denied that Lutnick was responsible for the breakdown of the negotiations, insisting instead that the interruption was due to Canada making temporary demands outside the scope of the agreed agreement.