U.S.–Canada trade talks have collapsed — and the tariff battle is escalating.
U.S.–Canada Trade Talks Collapse — 50% Tariffs Move Forward After days of negotiations and expectations that a deal had been reached, trade talks between the United States and Canada have broken down. The Trump administration is now moving forward with additional 50% tariffs on a range of Canadian goods, including products such as alcohol, hockey equipment, cement and dairy products. Key Canadian exports such as energy, potash and critical minerals have reportedly been exempted. Both governments are blaming the other side for changing the terms at the last minute. Canadian Prime Minister Mark Carney says Canada will retaliate “dollar for dollar,” with new Canadian tariffs scheduled to begin September 8, targeting products including dairy, appliances, agricultural equipment, pulp and paper, and electronics. The economic stakes are enormous. 🇺🇸🤝🇨🇦 Trade between the two countries totaled approximately $376 billion during the first half of 2026, making Canada the seco...