U.S. Hits Canadian Imports With 50% Tax After Trade Talks Fail

The U.S. imposed a 50% tax on $20 billion worth of Canadian goods starting August 23, 2026, after trade talks collapsed. A tariff is a tax that makes foreign products cost more. This ends a year of easing that began when Canada lifted most of its own taxes on U.S. goods in September 2025. Canada will match the move dollar-for-dollar starting September 8, targeting U.S. steel, dairy, appliances, and farm products.