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Canada announces retaliatory tariffs on $27.6 billion (us$19.94bn) worth of U.S. goods, ​matching dollar-for-dollar new duties imposed by the Trump administration

August 25, 2026 /

The counter-tariffs take effect on U.S. goods from September 8 and ​will impose duties of 15%, 25% and 50% across ​700 products imported from south of the border, reports Promit Mukherjee at Reuters.

In terms of financial support for affected workers ​and industries, Canada announced a $7.5 billion package of new ​and enhanced measures including support for small and medium-sized businesses, a stream for funding cash flows of companies, and support for workers who could ​be at risk due to the new tariffs.

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The U.S. isn’t negotiating trade with Canada. This is a shakedown

August 25, 2026 /

Andrew Coyne, The Globe and Mail: Understand: this was not the USMCA renegotiation. That process still awaits us. This was merely the prelude to that, the admission fee if you will. So take all the concessions the Trudeau government yielded just to get USMCA signed in 2018. Add the concessions the Carney government has made, from scrapping the digital services tax to dismantling our retaliatory tariffs to the Gordie Howe Bridge debacle, to keep hopes of renegotiating USMCA alive. Then add whatever concessions they were prepared to make in the latest, abortive round.

Where does that leave us? At the starting line of the next round of negotiations. And should we get a deal, by means of whatever further concessions were required? That would set us up for the next round of talks, and the next round of concessions.

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Alberta premier under pressure to take more of a ‘Team Canada’ approach

August 25, 2026 /

While premiers from most provinces and territories said they backed Prime Minister Mark Carney’s decision to impose counter tariffs on U.S. goods, dollar for dollar, Alberta Premier Danielle Smith said on her regular radio call-in show that she worried about the effects of a trade war on Alberta farmers, furniture makers and apiarists.

Smith’s diplomatic tone is driven by her attempt to stay in the good books of the U.S., which is Alberta’s most voracious oil customer, said political scientist Elizabeth Smythe, professor emeritus at Concordia University of Edmonton.

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Canada did the right thing by not giving into Trump

August 25, 2026 /

Patrick Leblond: A deal would have prevented further economic woes imposed on Canada in the short run. But what matters is that the Carney government didn’t give in to the Trump administration’s economic coercion.

Concessions were made during the negotiations but not to the point of increasing our long-term dependence on the U.S. or confirming to the Americans that they can threaten us successfully. That was the right move. Otherwise, the Americans would soon be back for more.

China warns the U.S. it will take “all necessary measures” to safeguard its interests

August 25, 2026 /

Hours after the US sanctioned dozens of Chinese entities and threatened to target an unspecified “major financial institution” for its dealings with Tehran, Beijing responded by saying its relationship with Iran “should not be disrupted or undermined.” China will take “all necessary measures” to safeguard its interests, Bloomberg reports.

The response underscores the risk of another clash between the superpowers as Trump promotes an economic onslaught against Iran in a bid to pressure the Islamic Republic into a deal.

Read on Bloomberg

Trump moves to levy new tariffs on China

August 25, 2026 /

Trump is moving toward levying a new tariff on China that would penalize the world’s second-largest economy for, what the U.S. administration claims, flooding the global market with underpriced goods, reports Aamer Madhani at AP.

Trump is considering setting the new tariff at 7.5%, a level administration officials believe would not endanger the one-year trade truce between Washington and Beijing or a planned White House meeting between Trump and Chinese President Xi Jinping expected to take place in late September.

Canadians are united in standing up to Trump’s tariffs. The reverse cannot be said for the U.S.

August 25, 2026 /

Poll after poll shows Canadians across the political spectrum are willing to accept those impacts in order to stand up to the U.S. government.

The opposite is true in the U.S., where even many in the president’s own party oppose Trump’s trade agenda — particularly his tariffs on Canada,  report Daniel Desrochers, Zi-Ann Lum, Oliver Ward and Ari Hawkins at Politico. And unlike Carney, the U.S. president faces a voter referendum in November, in the form of midterm elections.

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