# Canada, US and tit-for-tat tariffs: How will they impact their economies?

https://mins.news/en/item/29916

- Al Jazeera, 2026-08-23 15:54 UTC
- Economy
- Original: https://www.aljazeera.com/news/2026/8/23/canada-us-and-tit-for-tat-tariffs-how-will-it-impact-their-economies?traffic_source=rss

> US President Donald Trump imposed a 50 percent tariff on about $20bn of Canadian goods after trade talks collapsed. Canadian Prime Minister Mark Carney announced dollar-for-dollar retaliation from September 8. Experts say the trade war will raise business costs and consumer prices, increase unemployment and hit sectors such as alcohol, dairy and furniture particularly hard.

## Stories

- [Canada US trade and tariff tensions](https://mins.news/en/topic/canada-us-trade-tensions) — Markdown: https://mins.news/en/topic/canada-us-trade-tensions.md

## Related coverage

- [Trump enacts 50% tariffs on some Canadian goods as Canada prepares retaliation](https://mins.news/en/video/30867) — CNN, 2026-08-24
- [‘No more!!!’: Trump lashes out after US-Canada talks devolve into trade war](https://mins.news/en/item/29746) — The Guardian, 2026-08-23
- [Carney says Canada is now 'at war,' vows retaliatory tariffs on US goods](https://mins.news/en/item/31185) — CGTN, 2026-08-23