US hits Canadian goods with 50% tariffs after trade talks fail
The US has imposed 50% tariffs on Canadian goods following the collapse of trade negotiations, prompting Prime Minister Mark Carney to suspend talks and threaten retaliatory measures. The move marks a significant escalation in trade tensions between the two nations.
Why it matters
This trade dispute threatens the stability of the US-Mexico-Canada trade agreement and could have broader economic implications for North America.
Canada would match US tariffs "dollar for dollar", says Prime Minister Mark Carney.
A drone view shows a vehicle crossing the US$4.7 billion Gordie Howe International Bridge, connecting Windsor, Ontario and Detroit, Michigan, the day after it opened in Windsor, Ontario, Canada, Jul 28, 2026. (Photo: Reuters/Carlos Osorio)
WASHINGTON: The US imposed 50 per cent tariffs on some Canadian goods on Saturday after the two longstanding allies failed to reach a trade deal, with each side accusing the other of derailing days of talks.
The tariffs that came into effect just after midnight local time on some US$20 billion of Canadian goods - things like wooden ice hockey sticks that are rarely used anymore - are far from an economic game-changer for the largest US trading partner after Mexico. That represents just over 5 per cent of Canada's exports to the US
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