August 26, 2026- Canada on Tuesday announced retaliatory tariffs against the United States, matching “dollar for dollar” the 50% duties that President Donald Trump imposed over the weekend after a breakdown in trade talks, according to CNBC. Among the most significant are 50% tariffs on American steel and aluminum, doubling the current rate. The duties on metals and wood were chosen to respond to previously imposed U.S. tariffs on steel, aluminum, lumber and other products, according to CNBC.
Tariffs as high as 50% will also be imposed on more than 700 American imports, according to TODAY.com, with counter tariffs ranging from 15% to 50% and target a wide array of Canadian imports from the U.S. including dairy, seafood, appliances, wood and paper products, and clothes.