US Imposes 50% Tariffs on $20 Billion in Canadian Goods After Trade Talks Collapse

The US imposed 50% tariffs on $20 billion of Canadian goods after negotiations collapsed before a midnight EST deadline on Saturday. President Trump announced the measures in July under Section 338, citing Canada's bans on US alcohol and other trade barriers. Prime Minister Carney rejected last-minute US demands he said would undermine Canada's sovereignty and pledged to match the tariffs "dollar for dollar." No further talks are scheduled.