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Trump Threatens 50% Tariffs on $20B Canadian Goods Deadline

8/20/2026

24 5 Full Breakdown

Summary

Story summary

President Donald Trump threatens 50 % tariffs on $20 billion of Canadian goods under Section 338 of the 1930 Tariff Act unless a deal is reached by the 12:01 a.m. Wednesday deadline.
Minister Mark Carney says talks are intense and delicate and that he will speak with Trump by the deadline.
Trade Representative Jamieson Greer says duties retaliate against Canada’s discriminatory actions and that Canada seeks relief on steel and aluminum tariffs.

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Story summary

President Donald Trump threatens 50 % tariffs on $20 billion of Canadian goods under Section 338 of the 1930 Tariff Act unless a deal is reached by the 12:01 a.m. Wednesday deadline.
Minister Mark Carney says talks are intense and delicate and that he will speak with Trump by the deadline.
Trade Representative Jamieson Greer says duties retaliate against Canada’s discriminatory actions and that Canada seeks relief on steel and aluminum tariffs.