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Canada vows dollar-for-dollar tariffs on US after trade talks collapse
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OTTAWA, Canada — 23 August 2026, Canadian Prime Minister Mark Carney said Canada will impose retaliatory tariffs on a range of US goods after President Donald Trump introduced 50% tariffs on Canadian products, following the collapse of trade negotiations between the two neighbouring countries.
Key facts
- OTTAWA, Canada — 23 August 2026, Canadian Prime Minister Mark Carney said Canada will impose retaliatory tariffs on a range of US goods after President Donald Trump introduced 50% tariffs on Canadian products, following the collapse of
- Trump’s new 50% tariffs apply to about US$20 billion worth of Canadian exports, or roughly 5% of Canada’s exports to the US
- Carney said on Saturday that Washington’s latest tariff measures were a “miscalculation”
- He has also pledged to deepen Canada’s trade and security partnerships with other countries as Ottawa seeks to reduce its reliance on the United States, which accounts for nearly 70% of Canadian exports.
Summary
Carney said on Saturday that Washington’s latest tariff measures were a “miscalculation” designed to hurt and divide Canada, after intensive negotiations broke down late on Friday, 21 August.
“They asked for too much and offered too little,” Carney told Canadians on Saturday morning.