U.S. Hits $20 Billion in Canadian Goods With 50% Tariffs; Canada Pledges Equal Retaliation

The U.S. imposed 50 percent tariffs on about $20 billion in Canadian goods on August 22, 2026, after talks collapsed. U.S. Trade Representative Jamieson Greer said Canada backed out of earlier terms with new demands. Prime Minister Mark Carney said Canada will match the tariffs dollar for dollar, targeting $20 billion in U.S. exports.