Canada took fish and seafood off its counter-tariff list a day after announcing import duties on US goods, saying the change followed feedback.

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Canada’s counter-tariffs are putting key US states under pressure ahead of the midterm elections. Canada’s former chief negotiator sees a rocky road ahead.

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Saskatchewan, a western Canadian province, will impose a 50% tax on alcoholic beverages from the United States in retaliation for new American tariffs on Canadian beer, wine and liquor.

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Donald Trump expected Canada to yield to US tariff demands, but failed talks led Ottawa to impose retaliatory tariffs on about $20bn of American goods. Trump called Canada “difficult and unreasonable”, threatened to rename Lake Ontario “Lake America” and insulted Canadian officials, while the dispute pushed up US consumer prices.

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As recently as last week, automakers hoped summer U.S.-Canada trade talks would ease Washington’s 25% tariffs, which have increased the cost of shipping vehicles and parts across the border. Instead, the tariffs doubled.

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The trade war between Canada and the United States is intensifying. After new 50% US tariffs on Canadian products took effect Saturday, Canada announced retaliatory tariffs of 15% to 50% on roughly $20 billion in American goods. The tit-for-tat has also spread from commerce into cultural and linguistic issues.

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U.S. President Donald Trump said on Wednesday that it was time to teach Canada it could not continue acting this way, days after trade talks between the neighboring countries broke down.

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Annual U.S. inflation unexpectedly held steady in July, staying well above the Federal Reserve’s 2% target for a 65th consecutive month. The halt in its decline from a recent Iran-war-driven peak is likely to intensify the central bank’s tense debate over raising rates or holding them steady.

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Core prices in the personal consumption expenditures price index rose 3.3% over the year in July. Economists surveyed by Dow Jones had expected the index to increase 0.1% month over month and 3.6% over 12 months.

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Wall Street is eagerly awaiting Nvidia’s earnings on Wednesday afternoon. Investors are focused less on the chipmaker’s figures than on what they may signal about AI investors and the broader market.

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Canada imposed retaliatory tariffs on roughly $20 billion in US goods, including steel, dairy products, appliances and farm equipment. The sharp escalation threatens one of the world’s largest trading relationships and further strains ties between the longtime allies, while a prolonged dispute could increase costs for US businesses and consumers.

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The breakdown of US-Canada trade talks has brought a wider tariff conflict, with Canada planning 25% to 50% duties on nearly 900 US goods from 8 September, including toilet-paper and tissue stock. Because US paper products rely heavily on Canadian raw materials, the measures could raise consumer prices. The dispute also covers liquor, dairy, seafood, cars and auto parts.

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Canada is moving to match tariff measures imposed by Donald Trump.

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Trade talks between the United States and Canada have collapsed, prompting Ottawa to impose dollar-for-dollar retaliatory tariffs on about US$20 billion in US imports from September 8. The dispute has intensified after Washington imposed comparable tariffs on Canadian goods, with both sides warning of broader economic costs and further escalation.

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Canada retaliates with tariffs on the US as Trump considers imposing additional levies.

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While sharing advice on finding good towels and affordable alternatives to high-end clothes, Bryce Gruber recently turned to the US-Canada trade war. She warned her social-media followers that some of their favorite makeup products are about to become more expensive.

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After US-Canada trade talks collapsed last week, Washington announced 50% tariffs on hundreds of products. Canada vowed to retaliate dollar for dollar, while the White House threatened further escalation. The article argues that one of the world’s closest trading relationships is nearing a costly breakdown for no intelligible reason. The cause of the failed talks is disputed; Prime Minister Mark Carney said the US made unacceptable demands.

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The United States is not planning new attacks on Iran in the near term, Secretary of State Marco Rubio told senior diplomats, according to Axios. Washington is expected to increase economic pressure through sanctions and a naval blockade while moving more oil through the Strait of Hormuz. Officials said strikes remain possible if Iran attacks first, and the policy is expected to continue at least through the November 3 midterm elections.

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The Trump administration’s latest sanctions against Iran have swept up dozens of businesses in China and Hong Kong, while stopping short of the far more consequential move of targeting major Chinese financial institutions.

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Oil prices declined for a second day on Tuesday as traders judged the prospect of renewed US strikes on Iran to have diminished after Washington threatened wider economic sanctions instead. Treasury Secretary Scott Bessent called for an “economic D-Day” against Tehran but offered no timetable or details on countries that might be penalized.

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China said it opposes the United States’ expanded unilateral sanctions on Iran and will take all necessary steps to protect its legitimate rights and interests. Washington targeted nearly 60 individuals, entities and vessels, while warning countries and businesses dealing economically with Tehran that they could face US measures.

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After six months of military threats and conflict, the United States has launched a broad economic pressure campaign against Iran. The measures expand secondary sanctions into digital assets, gold, aviation, shipping and technology, while pressing Iran’s trading partners to choose sides. The analysis says Washington is turning to economic pressure to sustain leverage over Tehran and reduce the costs of prolonged military confrontation, though sanctions may not force Iran to concede.

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The United States is widening sanctions on Iran’s financial networks, targeting crypto, gold, aviation and shipping while warning foreign entities that help move Iranian funds. Analysts say the pressure could worsen inflation and expand informal markets without changing Tehran’s behavior.

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Iranian officials are keeping up their tough rhetoric toward the United States after Washington announced a fresh package of sanctions. Tehran has promised countermeasures as the country continues to suffer from already high inflation.

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The US is seeking to cut Iran off from the global economy. Treasury Secretary Scott Bessent announced a new sanctions wave, dubbed “Operation Economic Outcast”, covering nearly 60 entities, people and vessels and extending secondary sanctions to shipping, gold, aviation, technology and digital assets. Official figures show Iran exported about $56bn to at least 112 countries and territories in 2024 and imported $68.5bn from at least 87, with trade increasingly oriented towards Asian and regional partners.

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Canada has announced counter-tariffs of up to 50% on nearly C$28bn of US goods, including steel, furniture, fresh tuna and cosmetics. The measures are due to begin on 8 September. Ottawa called the response “proportionate” and “strategic” and pledged C$7.5bn in support for affected businesses and workers.

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Canada has announced retaliatory tariffs on about $20 billion worth of U.S. goods. Canadian trade negotiators left the United States last week after failing to secure a deal that would have prevented President Donald Trump’s new tariffs from taking effect.

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Canada announced retaliatory tariffs on C$27.6 billion ($19.94 billion) in US goods, including steel and dairy, matching the punitive duties imposed by President Donald Trump on Canadian products. Ottawa also unveiled C$7.5 billion in aid for affected Canadian businesses and workers as tensions escalated.

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As its trade war with the United States intensifies, Canada is retaliating against tariffs imposed on its goods in recent days by placing tariffs on US products. Ottawa has also announced a multibillion-dollar aid package for workers and urged Canadians to buy local to support domestic industries.

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Canadian ministers set out a series of countermeasures after the Trump administration imposed new tariffs on Canadian goods, deepening the trade war between Canada and the United States.

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Canada announces tariffs of up to 50% on more than 700 US goods, with the highest import taxes targeting steel and aluminum.

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Syrian President Ahmed al-Sharaa welcomed Washington’s removal of Syria from the decades-old US list of state sponsors of terrorism. The decision lifts severe economic restrictions and is intended to encourage investment, reconstruction and Syria’s reintegration into the global economy, while the Treasury said its counterterrorism stance remains unchanged.

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Turkey welcomed the US decision to remove Syria from its list of state sponsors of terrorism. The move ends a decades-old designation that carried severe economic consequences for Damascus, alongside announced sanctions relief for Syria.

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Canada plans to respond on Tuesday to new tariffs imposed by US President Donald Trump, as the once-close neighbours slide into a trade war. Ottawa and Washington failed on Friday to reach a deal that would have prevented new 50% US tariffs on selected Canadian goods after weeks of negotiations.

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Mark Carney is considering trade reprisals while leaving open the possibility of talks with the US. The loonie has tumbled as businesses prepare for the impact.

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