Uploaded August 2026 | Updated September 2026, 3 weeks ago

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New U.S. tariffs targeting roughly $28 billion in Canadian imports are set to go into effect Wednesday, as negotiations between the two countries continue without a resolution.

The tariffs would impose a 50% rate on Canadian goods including dairy, cement, alcohol, hockey sticks, and more. Economists say American companies would be responsible for paying the tariffs, a cost that could ultimately be passed on to consumers at the store.

Many analysts on Wall Street largely believe Trump will reach a deal or delay Wednesday's tariffs. However, skepticism remains, given that negotiations involve the entirety of U.S.-Canadian trade rather than one or two isolated issues.

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