Canada's Mark Carney has tried the carrot and the stick with Trump—but neither has worked, and now Canada will enter trade talks with the threat of hefty U.S. tariffs on billions in Canadian goods
Canada's prime minister has spent little political capital in making concessions, but offering more comes with risks.
Trump's 50% Tariffs on Canada: What to Know, and What's Next
The president said punishing 50 percent tariffs would begin by Aug. 19, a significant escalation of the trade war between Canada and the U.S. that he started over a year ago.
Trump's 50% tariffs on Canada would include goods previously protected by the USMCA trade pact
President Donald Trump on Monday imposed 50% tariffs on most Canadian goods, declaring that Canada has unfairly discriminated against American autos, alcohol and dairy products.The move could unleash a new wave of economic chaos, with risks of higher inflation and further fraying of relations between two nations that had been closely woven together before Trump's return to the White House. The administration official previewing the action said that Canada was one of the only nations other than China that retaliated against Trump's previous tariffs and must be held accountable.The official insisted on anonymity on a call with reporters to preview the president's actions and said that Trump signed three proclamations to launch the tariffs under Section 338 of the 1930 Trade Act.
Wall Street eyes higher open as Trump slaps fresh tariffs on Canada
8:30am: Fresh US-Canada trade tensions Wall Street looks set for a stronger start on Tuesday, with technology stocks once again leading the way as investors prepare for another busy day of corporate earnings and keep a close eye on trade developments. Ahead of the opening bell, Nasdaq futures were up 1.3%, while S&P 500 futures gained 0.4%.
Carney Says Canada Is Open To Talks After Trump Imposes New 50% Tariffs
Carney's statement added: “Canada has made a series of detailed and comprehensive proposals to resolve this dispute and to modernize CUSMA.
Trump slaps more tariffs on Canada over 'discrimination'
The Trump administration has introduced 50% tariffs on more goods from Canada, with an official claiming the measures are in response to the country's "continued discrimination".
Trump administration hits Canada with 50% tariff over alleged trade 'discrimination'
The Trump administration will impose a 50% tariff on certain Canadian imports next month, arguing Canada's tax policies unfairly discriminate against American businesses.
U.S. hits Canada with stiff new tariffs, escalating trade tensions
The Trump administration on Monday said it would slap 50% tariffs on some goods imported from Canada, in an effort to end what it sees as discriminatory trade practices by Ottawa against the U.S. automobile, dairy and alcohol industries.
Trump rips Canada as wildfire smoke spreads, says U.S. will add pollution cost to tariffs
Trump rips Canada as wildfire smoke spreads, says U.S. will add pollution cost to tariffs
Canada Goods-Trade Surplus Widens to Most in Four Years With Record Exports
The country has now racked up trade surpluses three months running as exports have rebounded following a weak start to the year.
World Markets Watchlist: July 6, 2026
Our global markets watchlist tracks nine prominent indexes from economies around the world.
World Markets Watchlist: June 29, 2026
Our global markets watchlist tracks nine prominent indexes from economies around the world.
