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Tue, 21 Jul 2026

Tue, 21 Jul 2026 Trump slaps 50% tariffs on Canada and Carney vows to 'intensify' trade talks

The duties mark a major escalation in trade tensions between the North American neighbours.

* US President Donald Trump has imposed a 50% tariff on various goods imported from Canada, citing "unequal treatment" of US cars, dairy, and alcohol.
* The tariffs apply to everyday consumer items such as wine, hockey sticks, and industrial goods like cement.
* However, several key exports will be spared, including energy, potash, critical minerals, and fish.
* Canadian Prime Minister Mark Carney responded by saying Canada is ready to "intensify" trade talks with the US in the coming weeks.
* The tariffs take effect in 30 days and mark a major escalation in trade tensions between the two North American neighbors.
* The move builds on existing trade barriers, including active tariffs ranging from 15% to 50% on Canadian steel, aluminum, and copper.