U.S.-Canada Trade Talks Collapse; 50% Tariffs and Retaliation Follow

Trade talks collapsed August 21, 2026, after President Trump accused Canada of unfair treatment of U.S. farmers. The U.S. imposed 50% tariffs — taxes on imports — on Canadian goods. Prime Minister Carney countered August 22 with retaliatory tariffs on U.S. imports starting September 8. Neither side signals compromise. The dispute risks deepening economic strain between the two largest trading partners.