Canada's PM Mark Carney made the announcement

Aug 22, 2026

10:50 am

What's the storyUS-Canada trade talks collapsed late Friday night, setting in motion 50% tariffs on a wide array of Canadian goods. The duties took effect at midnight.

Announcing the suspension of negotiations shortly before the Friday night deadline, Canadian Prime Minister Mark Carney said he would impose reciprocal tariffs on US goods "dollar for dollar."