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

Devendra Pratap Singh

August 22, 2026

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.

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