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Trump Threatens 50% Canada Tariffs; Deal Hopes Grow

8/10/2026

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Story summary
  • U.S. President Donald Trump threatened to impose 50% tariffs on Canadian goods beginning August 19.
  • Anthony Scaramucci said corporate leaders and fundraising pressure are urging Trump to back down, doubting the tariffs and expecting a 60- to 90-day delay with sector carveouts.
  • Negotiators seek an interim deal to avoid the August 19 tariffs, with sources saying Ottawa may accept limited tariffs and quotas if the United States lifts harsher duties.