Canada announces retaliatory tariffs on U.S. after negotiations collapse
Canadian Prime Minister Mark Carney promised to match President Trump's new wave of tariffs "dollar-for-dollar." Olivia Rinaldi has more.
Last updated: 2026-08-24 11:58:19 ET
Canadian Prime Minister Mark Carney promised to match President Trump's new wave of tariffs "dollar-for-dollar." Olivia Rinaldi has more.
An array of imports are subject to the new 50 percent tariffs. Canadian Prime Minister Mark Carney has called them “a miscalculation” and vowed to match them “dollar for dollar.”
A new 50% levy on $20bn of Canadian imports comes into force after a last-minute breakdown in trade talks.
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