Published: Aug 22, 2026, 12:46 IST | Updated: Aug 22, 2026, 12:46 IST
New 50% U.S. tariffs on some Canadian goods have taken effect after last-minute talks between Washington and Ottawa failed to reach a deal. Canadian PM Mark Carney vowed to match the tariffs “dollar for dollar” as the trade standoff escalates. The duties affect around $20 billion worth of Canadian exports, including products ranging from hockey sticks to cement.