August 24, 2026
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12:17Now PlayingThe United States and Canada are barreling toward a deeper trade war after last-ditch efforts to strike a deal collapsed Friday. The failed efforts resulted in President Donald Trump enacting 50% tariffs on roughly $20 billion worth of Canadian goods early Saturday morning. Canada is preparing to retaliate with “dollar-for-dollar” tariffs starting September 8, Prime Minister Mark Carney announced over the weekend.
On Monday, Trump escalated matters further, threatening to double duties charged on Canadian cars and car parts to 50% come January 1. “Canada has been ripping off the United States of America for years,” Trump said in a Truth Social post. “Not sustainable, and NOT ANYMORE!”
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#Canada #TradeWar #News
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