Canada Rejects Trade Deal, Says It Will Match U.S. 50% Tariff

Canada Rejects Trade Deal, Says It Will Match U.S. 50% Tariff

N
News Editor
2026-08-22 03:55:42
BlockBeats reported on Aug. 22 that U.S. Trade Representative Greer said Canada had refused to finalize a trade agreement. A senior Trump administration official said a 50% tariff on some Canadian imports will take effect at 12:01 a.m. Eastern Time on Saturday. Canadian Prime Minister Carney said trade talks with the U.S. have been paused and that Canada will respond with the same scale of measures to protect its workers and businesses.

BlockBeats reported on Aug. 22, citing information received on the 21st local time, that U.S. Trade Representative Greer said Canada had refused to finalize a trade agreement.

A senior Trump administration official said a 50% tariff on some Canadian imports will take effect at 12:01 a.m. Eastern Time on Saturday.

Canadian Prime Minister Carney said trade talks with the U.S. have been paused. "The U.S. wants to impose a 50% tariff on us, and Canada will respond with the same scale of measures to protect our workers and businesses," he said.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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