Canada announces retaliatory tariffs as trade war with U.S. escalates

Canadian Prime Minister Mark Carney announced retaliatory tariffs on U.S. goods following the collapse of trade negotiations in Washington on August 21, 2026.

The U.S. had previously imposed 50% tariffs on $20 billion worth of Canadian goods, representing 5.5% of Canada's total exports to the United States.

Canada's new measures, which target U.S. steel and dairy industries, are scheduled to take effect on September 8, 2026, amid a deepening rift between the two nations.