U.S. is set to impose 50% tariffs on $20 billion worth of Canadian products

admin — Sat, 22 Aug 2026 05:07:00 +0000

President Donald Trump speaks with Canadian Prime Minister Mark Carney. File.
| Photo Credit: AP

The United States was set to impose 50% tariffs on $20 billion worth of Canadian products early on Saturday (August 22, 2026) after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies.

“Tonight, Canada declined to finalize the trade deal under the terms agreed earlier this week. Despite the U.S. offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk backs of other commitments by Canada have upended the careful balance reached in the past days,” U.S. Trade Representative Jamieson Greer said in a statement read to reporters on a press call shortly before midnight.

Canadian Prime Minister Mark Carney responded, “Last-minute changes in the U.S. proposed terms were unfair, uneconomic, and called into question the reliability of any deal.” President Donald Trump’s import taxes will hit about 5% of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors.

But the political impact will likely be even bigger than the economic fallout. The countries sold each other $880 billion worth of goods and services last year.

The tariffs were initially supposed to kick in at 12:01 a.m. Wednesday (August 19, 2026). But Mr. Trump extended the deadline for three days to allow talks to continue, but the two countries still could not reach an agreement in time.

Published – August 22, 2026 10:37 am IST

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Trump Vows To Impose 25% Tariff On Imports From Mexico, Canada, 10% Tariffs On China

admin — Tue, 26 Nov 2024 00:31:13 +0000

Washington:

US President-elect Donald Trump said Monday he intends to impose a 25 percent tariff on goods from Mexico and Canada, along with a 10 percent tariff on imports from China in response to the illegal drug trade and immigration.

In a series of posts to his Truth Social social media account, Trump vowed to hit some of the United States’ largest trading partners with sweeping tariffs on all goods entering the country.

“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% tariff on ALL products coming into the United States, and its ridiculous Open Borders,” he wrote.

In another post moments later, the past and future president said he would also be slapping China with a 10 percent tariff, “above any additional Tariffs,” on all of its products entering the US in response to its failure to tackle fentanyl smuggling.

Tariffs are a key part of Trump’s economic agenda, with the Republican president-elect vowing wide-ranging duties on allies and adversaries alike while he was on the campaign trail ahead of his November 5 victory.

Many economists have warned that tariffs would hurt growth and push up inflation, since they are primarily paid by importers bringing the goods into the US, who often pass those costs on to consumers.

But those in Trump’s inner circle have insisted that the tariffs are a useful bargaining chip for the US to use to push its trading partners to agree to more favorable terms, and to bring back manufacturing jobs from overseas.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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US tariffs on canada – Artifex.News

U.S. is set to impose 50% tariffs on $20 billion worth of Canadian products

Trump Vows To Impose 25% Tariff On Imports From Mexico, Canada, 10% Tariffs On China