Uploaded August 2026 | Updated September 2026, 2 weeks ago

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The US implemented a new 50% tax on imports of hundreds of Canadian items, which may cut off the world's biggest market for some Canadian enterprises. #canada #usa #trump #news #tariffs

University of Calgary economics professor Trevor Tombe estimated that 90,000 jobs may be lost if the new tariffs persist, and the Canadian dollar fell as much as 0.6% to 1.3840 per US dollar.

Prime Minister Mark Carney announced Canada will respond with counter-tariffs on $20 billion of US products from Sept. 8, and his government has pledged financial help for businesses caught in the crossfire.

Read more: bloomberg.com/news/articles/2026-08-23/canada-turned-down-a-us-tariff-deal-now-comes-the-economic-cost

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