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Markets

US Imposes 50% Tariffs on Canada; Ottawa Plans Retaliatory Measures

Published 23 August 2026

President Donald Trump escalated a trade dispute with Canada on Sunday, August 23, 2026, following the collapse of negotiations and the implementation of new U.S. tariffs on Canadian goods. In his first public comments since the talks broke down, Trump accused Canada of seeking the benefits of being a U.S.

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