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Canada Hits Back on US Tariffs as Trade Talks Collapse
Posted
August 24, 2026
Views
5,253
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August 24, 2026
5,253
72
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1.56%
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0:24Now PlayingThe US implemented a new 50% tax on imports of hundreds of Canadian items, which may cut off the world's biggest market for some Canadian enterprises. #canada #usa #trump #news #tariffs
University of Calgary economics professor Trevor Tombe estimated that 90,000 jobs may be lost if the new tariffs persist, and the Canadian dollar fell as much as 0.6% to 1.3840 per US dollar.
Prime Minister Mark Carney announced Canada will respond with counter-tariffs on $20 billion of US products from Sept. 8, and his government has pledged financial help for businesses caught in the crossfire.
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