Trump Hits Canadian Goods With 50% Tax as Trade Deal Deadline Passes

On July 20, 2026, President Trump placed a 50% tax on goods from Canada using an old, rarely used trade law. This came one day before Prime Minister Carney's self-set July 21 deadline for a new trade deal—a deadline the U.S. never agreed to. An earlier July 1 check-in on the current deal passed with no replacement.