U.S. plans 50% tariff on $28 billion of Canadian goods; economist estimates 90,000 jobs at risk

The U.S. intends to impose a 50 per cent tariff on roughly $28 billion of Canadian goods, Prime Minister Mark Carney said in an Aug. 21, 2026 statement. Formal Canada-U.S. trade talks remain stalled. An economist cited by Reuters estimated the tariffs could eventually cost Canada 90,000 jobs. A poll found 76 per cent of Canadians approve of Carney's decision to suspend the talks.