The UK and Canada are blaming each other after a dispute over beef and cheese led to the collapse of trade talks.

Negotiations to thrash out a new agreement to replace the one the two countries had when the UK was still in the European Union had been running for nearly two years.

But on Thursday night, it emerged the UK had halted discussions, due to a lack of progress on the two food products.

It could mean tougher trading terms for the UK with a partner that accounted for 1.4% of its total trade in the 12 months to June 2023.

Goods trade between the two countries was worth £19.2bn in 2020, according to the UK government, with UK imports from Canada worth £7.3bn and UK exports to Canada worth £11.8bn.

The implications of the talks collapsing could be felt by consumers and farmers in both countries. Another major sector, cars, will also be affected.

Here’s the likely impact on all three areas at a glance.