WATCH LIVE: Canada announces retaliation to US tariffs

Published August 25, 2026 10:52am ET | Updated August 25, 2026 11:14am ET



Canada’s finance minister François-Philippe Champagne has announced his country’s retaliation to U.S. tariffs at 11 a.m.

Last week, negotiations between Canada and the Trump administration broke down in the final hour before President Donald Trump’s deadline. As a result, 50% tariffs on $20 billion in Canadian goods began on Saturday.

CARNEY OUTLINES LAST-MINUTE ISSUES WITH US-CANADA TRADE NEGOTIATIONS

Canadian prime minister Mark Carney promised retaliation against the United States, announcing “dollar-for-dollar” tariffs, which are set to begin Sept. 8.