22/08/2026
Canada and the United States did not get a trade deal.
High-stakes negotiations in Washington collapsed late Friday night as the midnight deadline approached, and the U.S. proceeded to impose 50 percent tariffs on billions of dollars in Canadian goods.
Key updates from the breakdown:
Talks Collapsed:
According to U.S. Trade Representative Jamieson Greer, Canada declined to finalize the agreement under the discussed terms and walked away from the table, citing last-minute new demands and walkbacks.
Tariffs Imposed:
The failure to secure an agreement means 50 percent U.S. levies on categories including dairy, alcoholic beverages, and a wide array of manufacturing, electronics, and building materials have taken effect.
Stance from Ottawa:
Canadian Prime Minister Mark Carney stressed that Canada would not accept one-sided conditions or rush into an unbalanced agreement.