Date: 22 August 2026 Tags: Trade, Canada, United States, Economy Summary: New 50% US tariffs on a range of Canadian imports took effect after last-minute trade negotiations collapsed. Canadian Prime Minister Mark Carney suspended negotiations, calling changes to the proposed US terms unfair and economically unacceptable. Carney pledged reciprocal tariffs on American products, responding “dollar for dollar” to the new US measures. Washington blamed Canada for introducing new