U.S. Imposes 50% Tariffs on $20 Billion in Canadian Goods; Canada Pledges Dollar-for-Dollar Retaliation

The United States imposed 50 percent tariffs on roughly $20 billion in Canadian products on August 22, 2026, after last-ditch negotiations failed. U.S. Trade Representative Jamieson Greer said Canada declined to finalize terms agreed earlier in the week, citing new demands. Canadian Prime Minister Mark Carney said Canada would match the U.S. tariffs dollar for dollar, targeting roughly $20 billion in U.S. exports.