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

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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 KatsarovU.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.This is a breaking story and will be updated.

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