US-Canada trade negotiations suspended, Carney vows dollar-for-dollar retaliation against Trump's 50% tariffs

Canadian Prime Minister Mark Carney suspended trade negotiations with the U.S. and announced retaliatory tariffs after calling Trump's last-minute proposed terms unfair.

Fox Business • 7 hours ago

Canada to match Trump's tariffs 'dollar for dollar' after trade talks collapse

The US has imposed a 50% tariff on $20bn (£14.6bn) worth of goods from Canada, which has vowed to retaliate against its historic ally.

Skynews • 4 hours ago

Trade talks between the U.S. and Canada broke down on Friday, officials from both countries said, paving the way for the U.S. to impose 50% tariffs on about $20 billion worth of Canadian goods and risking an all-out trade war

Negotiations between the neighboring countries broke down Friday night and Ottawa threatened to retaliate.

WSJ • 8 hours ago

U.S., Canada near final trade deal as Trump tariff deadline looms

The U.S. and Canada have yet to announce a final trade deal that will keep President Donald Trump's 50% tariffs from taking effect. If no deal is reached by 12:01 a.m.

CNBC • a day ago

Permanent Tariffs on Canada Hurt the US, Freeland Says

Former Canadian Deputy Prime Minister Chrystia Freeland, talks about the importance of Canada reaching a trade deal with the US. She says putting permanent tariffs on Canadian steel and aluminum will hurt the US, especially car manufacturers in Detroit.

Bloomberg Markets and Finance • 18 hours ago

The U.S. and Canada are scrambling to avoid new tariffs and seal a trade deal. Here's what could be in it.

U.S. and Canadian officials were engaged in additional talks on Friday. Details about what's in their new trade deal have trickled out.

Market Watch • 20 hours ago

Clock Ticks Down on New Canada Tariff Deadline

Sarah Bianchi, senior managing director at Evercore ISI and former deputy US trade representative, joined Balance of Power to discuss the upcoming tariff deadline. Bianchi said that after the US strikes a tariff deal with Canada, Mexico will likely ask for similar relief.

Bloomberg Markets and Finance • 17 hours ago

U.S. Considers Tariff Cuts on Metals, Autos in Canada Deal

Plus: CK Hutchison launches arbitration in dispute over Panama Canal ports; Amazon plans to extend Prime Air drone deliveries.

WSJ • Aug 20, 2026

Top Canada, US trade negotiators to meet again as deal deadline nears

Top trade negotiators from Canada and the U.S. will meet for the second day running in Washington on Thursday in a bid ​to finalize a trade deal that could help reduce months of tariffs and counter duties.

Reuters • Aug 20, 2026

US Set to Cut Tariffs on Canada Metals, Autos in Trade Deal

The tentative trade deal between the US and Canada would lower tariffs on certain Canadian exports of steel and aluminum to 25% and cut duties on Canadian auto exports to 15%, according to people familiar with the matter. Tariffs on the non-US content in autos exported from Canada would be reduced to 15% from 25%, and the move on steel and aluminum under discussion would generally halve US tariffs on imports of the two metals.

Bloomberg Markets and Finance • Aug 20, 2026