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U.S.-Canada Tariff Talks Stall; 50% Duties Set to Take Effect Wednesday

2026-08-18 18:53:36

According to sources cited by Jin10, U.S. negotiators have downgraded expectations for a last-minute deal with Canada to avert new tariffs taking effect on Wednesday (August 20). Insiders indicated the probability of reaching an agreement by midnight Tuesday is "50-50 or lower." Canadian goods valued at billions of dollars face 50% tariffs under the new measures. Trump is expected to call Canadian Prime Minister Chrystia Freeland again on Tuesday, following a conversation between the two leaders on Monday.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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