The US-Canada trade war: What happened? What’s next?
Canada is preparing retaliatory tariffs on U.S. goods as talks collapse, while about 500 products and $20 billion in trade face new duties.
- The United States and Canada have slid into a full-blown trade war as long-running negotiations recently collapsed, with both sides blaming the other for making last-minute demands while existing tariffs on automobiles, aluminum, and steel remain in place.
- President Donald Trump escalated the conflict, citing a '60 Billion Dollar Deficit,' and threatened to double tariffs on Canadian automobiles to 50% by January 2027 while writing on Truth Social, 'Build in the U.S. and there are ZERO TARIFFS.'
- Prime Minister Mark Carney announced Canada is imposing retaliatory tariffs on about $20 billion in U.S. goods, effective September 8, targeting steel, dairy, and agricultural equipment among the affected products.
- Trade Representative Jamieson Greer told CNBC on August 24, 'We offered them the best access to the United States... but they came in and they wanted more,' as U.S. consumers face higher prices from the tariffs.
- While the Supreme Court previously threw out earlier tariffs, observers warn of long-term damage to business relationships; Carney recently called ships one of the 'many, many, many things' America needs from its northern neighbor.
12 Articles
12 Articles
Canada has responded this Tuesday to the US trade war with the imposition of tariffs on US products of between 15% and 50% for key industries such as steel or the technology sector. Ottawa’s retaliation charges will come into effect on September 8, a schedule previously presented by Prime Minister Mark Carney after US President Donald Trump imposed on Saturday 50% tariffs on Canadian products such as automobiles, trucks of all sizes, automotive …
In the trade conflict with the US and US President Donald Trump, the Canadian government has announced retaliation tariffs.
There's a massive wildcard in the US-Canada trade war coming this November
Dave Chan/AFP via Getty Images; Jim Watson/AFP via Getty ImagesThis post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.The dog days of summer don't mean the US and Canada are easing up their trade war.After talks between the sides fell apart, more tariffs were enacted or threatened over the weekend and on Monday. BI's Kelsey Vlamis and Truman Dickerson have a list of som…
The US-Canada trade war is lose-lose
A U.S. tariff is an import tax, ultimately paid by U.S. consumers, as importers cannot absorb much, or any, of the tax. Likewise, a Canadian tariff is an import tax ultimately paid by Canadians. President Donald Trump’s threats of 50% tariffs on goods we purchase from Canada have turned into reality. Canada decided to tax Canadians at 50% on goods they purchase from us in an attempt at retribution. Now, we all suffer: close neighbors, allies, fr…
US-Canada trade war heats up
In his latest Quick Take, Ian Bremmer examines the collapse of US-Canada trade talks and what it reveals about President Trump’s growing political vulnerability.Once considered one of the world’s most stable and friendly relationships, US-Canada ties are now under increasing strain as Trump threatens new tariffs and Canada pushes back.Negotiations broke down after the Trump administration introduced new demands that Canadian officials viewed as …
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