Canada says it will match US tariffs 'dollar for dollar' as trade talks break down

Trade war begins as US-Canada talks collapse

The United States and Canada are in the midst of a trade war after talks between the two countries broke down overnight.

Aug 22, 2026

Canada to match US tariffs “dollar for dollar,” PM Carney says

Canadian Prime Minister Mark Carney says Canada will match new US tariffs “dollar for dollar."

Aug 22, 2026

‘At war’: Canada walks away from US trade talks, retaliates to tariffs

Acknowledging the two countries were in a trade war, Canadian Prime Minister Mark Carney continues to lead resistance to the Trump administration among the US’ western allies.

Aug 22, 2026

Canada-U.S. Trade Talks Collapse; Washington Imposes New Tariffs

Mark Carney suspended talks and will take out retaliatory tariffs against the United States after days of negotiations to stave off new levies by the Trump administration ended in an impasse.

Aug 22, 2026

U.S.-Canada trade talks collapse, massive tariffs to take effect

Trade talks between the U.S. and Canada fell apart late Friday night, and both sides said steep new tariffs will go into effect. Why it matters: It's an unprecedented breakdown in relations with the second-largest U.S. trading partner. Catch up quick: Trump last month threatened to invoke Section 338 of the Tariff Act of 1930 to hit a slew of Canadian goods with additional 50% duties, including alcohol, hockey equipment, cement and dairy products. No president has ever used Section 338 to impose

Aug 22, 2026

Canada says it will match US tariffs 'dollar for dollar' as trade talks break down

New 50% levy on $20bn of Canadian imports comes into force after last minute breakdown in trade talks.

Aug 22, 2026