Canada to Announce Retaliatory Tariffs Against U.S. Goods

Canada will announce retaliatory tariffs against the United States on August 25, 2026, following the collapse of trade negotiations with the Trump administration.

Prime Minister Mark Carney confirmed the move after President Donald Trump threatened 50% tariffs on Canadian steel, auto parts, and vehicles, impacting approximately $20 billion worth of goods.

Ontario Premier Doug Ford suggested potential further retaliation, including restricting electricity exports and critical minerals, if the trade dispute with the United States continues to escalate.