Trump’s trade deal with Canada has collapsed. As a result, 50% tariffs on $20 billion worth of Canadian goods are set to go into effect, affecting items including alcohol and hockey skates.
WHO:Trump
WHAT:Trump’s trade deal with Canada collapses, triggering 50% tariffs on $20 billion of Canadian goods.
WHEN:Reported Aug 22, 2026 at 3:42 AM ET
WHERE:Canada
WHY:The deal’s demise means the previously agreed trade arrangement no longer applies, so the 50% tariffs on $20 billion of Canadian goods go into effect.
How this story developed (showing 6 of 6 earlier reports)
