'Not A US Subsidiary': Canada To Announce Retaliatory Tariffs Today

On 25 August 2026, Canada announced retaliatory tariffs on US goods as its trade war with the United States escalated. The tariffs range from 15% to 50% and cover about US$20 billion of US goods, including steel, aluminum and fish across roughly 700 products. Ottawa described them as 'dollar for dollar'. Canada also unveiled support measures, including loans and expanded benefits.

The announcement came as Trump told Canada's leaders to 'fall in line' and threatened new tariffs, and as Carney rejected US trade demands over the French language. The retaliation targets political hot spots ahead of the US midterms, according to the Wall Street Journal. US refiners face a crude oil squeeze as Canada cuts oil sands output, and Canadian alcohol producers are rethinking their biggest export market.