Tit-for-tat 🤑 - Canada-U.S. trade deal falls apart, Walmart is betting on in-house fashion brands.

Canada-U.S. trade negotiations have collapsed after last-minute American demands, prompting Mark Carney to accuse the U.S. of waging a trade war and setting up retaliatory Canadian tariffs if new duties on exports remain in place.Plus, Walmart is taking another run at fashion with a new in-house women’s clothing line aimed at younger, more affluent shoppers, hoping its massive customer base can turn cheap-but-trendy apparel into a much bigger business.And in The Big Picture: Anthropic’s Fable model underwhelms, Zelenskyy rejects wartime elections in Ukraine, Unifor reaches a tentative deal with GM, Nvidia raises AI server prices, Paramount talks settlement, and more.The Peak Daily is produced in partnership with reframevid.com