US imposes 50% tariffs on $20 billion worth of Canadian products; Canada says it will retaliate
The United States imposed 50% tariffs on $20 billion worth of Canadian products early on Saturday (August 22, 2026), and Canada immediately said it would retaliate, after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies. President Donald Trump’s import taxes will hit about 5% of what Canada…