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Business · Video brief

US is set to impose 50% tariffs on $20 billion worth of Canadian products

The U.S. has imposed a 50% tariff on $20 billion worth of Canadian products, affecting about 5% of Canada's annual exports. In response, Prime Minister Mark Carney announced that Canada will retaliate dollar for dollar, escalating tensions...

AP News· Aug 22, 2026 · 3:01 PM · 23 views

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The U.S. has imposed a 50% tariff on $20 billion worth of Canadian products, affecting about 5% of Canada's annual exports. In response, Prime Minister Mark Carney announced that Canada will retaliate dollar for dollar, escalating tensions between the two nations.

Full story and more reels: https://newsreel.video #news #breaking #trade #Canada #USA #tariffs #economy #business

Originally reported by AP News. Read the full story →

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