Trump imposed 50% tariffs on $20 billion of Canadian goods and threatened the same rate on autos and steel

A 50% U.S. tariff on $20 billion of Canadian goods took effect Saturday, Aug. 22. Canada plans matching tariffs on $20 billion of U.S. goods beginning Sept. 8. The targeted Canadian goods equal about 2.6% of the $762.10 billion the countries traded in 2024. Negotiations had collapsed Friday, Aug. 21. Donald Trump then threatened to apply the same tariff rate to Canadian cars, trucks, auto parts and steel starting Jan. 1, 2027. Prime Minister Mark Carney said Canada would not accept a negotiating position that treated it as “a subsidiary of the United States.” Ontario Premier Doug Ford warned that Canada could restrict electricity and critical-mineral exports to the United States if the dispute deepens.