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