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22.08.26 - 19:21
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Canada-US Trade War Erupts, Setting New 50% Tariffs On Canadian Goods (ZeroHedge)
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Canada-US Trade War Erupts, Setting New 50% Tariffs On Canadian Goods
US-Canada trade negotiations collapsed at the 11th hour, just before the midnight deadline, triggering 50% tariffs on about $20 billion worth of Canadian goods (under a never-before- used Section 338 provision of the Tariff Act of 1930) and prompting globalist-aligned, China-sympathizing Prime Minister Mark Carney to promise an equivalent response.
"Tonight, Canada declined to finalize the trade deal under the terms agreed earlier this week," the United States Trade Representative wrote on X early Saturday morning.
The USTR continued:
Despite the U.S. offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk-backs of other commitments by Canada have upended the careful balance reached in the past days. In addition, Canada is continuing to maintain its prolonged retaliation against the United States, including, among other things, flat-out prohibitions on certain America...
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22.08.26 - 16:01
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American Whiskey Pays Price for Canada Trade Rift (Bloomberg)
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US spirits exports to Canada fell 70% from March through December 2025 after most provinces removed American alcohol from their shelves, while exports elsewhere rose 2.5%. American Whiskey Association President & CEO Michael Bilello is on Bloomberg This Weekend and says restoring market access is only the first challenge, American whiskey producers also need to rebuild demand among Canadian consumers after more than a year of trade tensions. (Source: Bloomberg)...
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22.08.26 - 15:30
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Canada Pushes Back as US Trade Talks Collapse (Bloomberg)
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Bloomberg News Executive Editor for Canada Derek Decloet joins David Gura and Christina Ruffini on Bloomberg This Weekend and explains that Canadians are frustrated but not necessarily surprised after last-minute US-Canada negotiations collapsed, triggering 50% US tariffs on about $20 billion of Canadian goods and a dollar-for-dollar retaliation pledge from Ottawa. (Source: Bloomberg)...
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