US, Canada Fail to Reach Trade Deal; 50 Percent Tariffs Take Effect

By The Epoch Times | Created at 2026-08-22 04:26:39 | Updated at 2026-09-04 09:51:06 1 week ago
US, Canada Fail to Reach Trade Deal; 50 Percent Tariffs Take Effect

Canada’s Prime Minister Mark Carney and U.S. President Donald Trump speak at the G7 working luncheon, during the G7 summit in Evian-les-Bains, France, on June 16, 2026. The Canadian Press/Christopher Katsarov

U.S. Trade Representative Jamieson Greer said on Aug. 21 that new tariffs on Canadian imports will take effect as the two nations have failed to reach a trade deal.

“Tonight, Canada declined to finalize the trade deal under the terms agreed earlier this week,” Greer said in a statement.

Greer said the new 50 percent tariffs on Canadian imports will take effect on Aug. 22 at 12:01 a.m. ET.

This is a breaking story and will be updated.

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