The United States is set to impose 50% tariffs on roughly $20 billion worth of Canadian imports, effective August 19, 2026. Ottawa has rejected the latest American counter-offer, and both sides remain far apart as the deadline approaches. The targeted sectors include dairy, alcoholic beverages, and motor vehicles, representing about 5% of Canada’s total exports to the United States. Prime Minister Mark Carney has signaled openness to more intensive negotiations while keeping retaliatory options explicitly on the table.
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