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Markets

Canada Imposes Retaliatory Tariffs on U.S. Goods

Published 27 August 2026

Canada announced retaliatory tariffs on approximately $19.9 billion worth of U.S. goods on August 25, 2026, escalating a trade dispute with the United States after negotiations collapsed and Washington imposed steep new duties on Canadian imports. The Canadian measures, which include tariffs ranging from 15% to 50%, are set to take effect on September 8 and target a wide array of American products, including dairy, agricultural equipment, steel, pulp and paper, electronics, and household appliances. The move comes in direct response to the United States imposing 50% tariffs on roughly $20 billion of Canadian goods on August 22.

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