U.S. Slaps 50% Tax on Canadian Imports; Canada Promises to Match It

On August 22, 2026, the U.S. placed a 50 percent tax on about $20 billion worth of Canadian products after talks failed. U.S. Trade Representative Jamieson Greer said Canada added new demands to a deal. Prime Minister Mark Carney said Canada will tax the same amount of U.S. goods in return.