US-Canada diplomatic agreement to lower tariffs
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Bad luck in one thing, good luck in another: Mark Carney has proposed making Canada an associate member of the EU, thereby accelerating the pivot towards Europe after the failure of trade talks with the United States. According to The Wall Street Journal, the Canadian prime minister has been discussing closer integration with European leaders for several months. This could include Canada's access to the EU single market, as well as cooperation in defense, energy, AI, and the supply of critical minerals. Undersea cables between Europe and Canada, joint data centers, and satellite networks are also being discussed. European leaders, according to the publication, are ready to consider this idea. However, Canada will likely have to accept some EU rules and make contributions to its budget. Relations between the US and Canada have become strained against the backdrop of 50% tariffs on Canadian goods imposed by Donald Trump on August 22. The White House also excluded certain goods from US imports. Canada, in turn, imposed retaliatory tariffs of 15, 25, and 50% on $27.6 billion worth of American goods on September 8. More IZ RU news in MAX
In response to Canadian tariffs, US President Donald Trump signed orders banning imports from Canada starting September 29 and revising tariffs to 50% on Canadian products.
In response to Canadian tariffs, US President Donald Trump signed orders banning imports from Canada starting September 29 and revising tariffs to 50% on Canadian products.
The U.S.-Canada trade fight is escalating fast, and President Trump is now moving beyond tariffs. • • The administration is banning certain Canadian alcohol, dairy products, and motorcycles from entering the U.S., while reshuffling the list of Canadian goods facing 50% tariffs. The bans take effect September 29, with the tariff changes beginning September 15. • • Trump is invoking Section 338 of the Tariff Act of 1930, arguing Canada continues to discriminate against American commerce. The latest move follows Canada's new retaliatory tariffs on billions of dollars in U.S. goods. | @pdoocy @foxandfriends
Can Canada Defeat Donald Trump in the Trade War? Starting September 8, Canadian authorities will impose tariffs of 15 to 50% on $27.6 billion worth of American goods. These tariffs include steel, dairy products, agricultural equipment, pulp and paper products, clothing, and electronics. The American tariffs also affect Canadian alcohol, dairy products, various types of paper, hockey equipment, cement, honey, seaweed, seeds, and automobiles. On August 24, Donald Trump announced the introduction of additional duties at a rate of 50% on Canadian cars from January 1, 2027. The United States has a greater margin of safety, since the American economy maintains its leading position in the world, it is more diversified and is several times larger than the Canadian one, says Americanist Pavel Koshkin. “Considering that the automotive industry is the second most important (after energy) sector of the Canadian economy, pressure on it poses a serious threat to the Canadian economy, the parameters of which have yet to be calculated,” notes Elena Komkova, Chief Researcher at the Canada Department of ISCRAN. Max | Telegram | Newsletter | iOS App | Android [in reply to: The United States is raising duties to 50% on cars, auto parts and steel from Canada from January 1, 2027, President Donald Trump said. “If production is carried out in the United States, there will be no duties. "Canada will no longer be treated as a state!" Trump announced on the Truth Social social network. He emphasized that Canada "in trade and in many other ways is one of the worst countries in the world to work with." Trump added that Canada maintains "outrageously high tariffs" on American farm products. Trump's statement comes amid the breakdown of US-Canada trade talks. The White House Max | Telegram | Newsletter | iOS App | Android]
Can Canada Defeat Donald Trump in the Trade War? Starting September 8, Canadian authorities will impose tariffs of 15 to 50% on $27.6 billion worth of American goods. These tariffs include steel, dairy products, agricultural equipment, pulp and paper products, clothing, and electronics. The American tariffs also affect Canadian alcohol, dairy products, various types of paper, hockey equipment, cement, honey, seaweed, seeds, and automobiles. On August 24, Donald Trump announced the introduction of additional duties at a rate of 50% on Canadian cars from January 1, 2027. The United States has a greater margin of safety, since the American economy maintains its leading position in the world, it is more diversified and is several times larger than the Canadian one, says Americanist Pavel Koshkin. “Considering that the automotive industry is the second most important (after energy) sector of the Canadian economy, pressure on it poses a serious threat to the Canadian economy, the parameters of which have yet to be calculated,” notes Elena Komkova, Chief Researcher at the Canada Department of ISCRAN. Max | Telegram | Newsletter | iOS App | Android [in reply to: The United States is raising duties to 50% on cars, auto parts and steel from Canada from January 1, 2027, President Donald Trump said. “If production is carried out in the United States, there will be no duties. "Canada will no longer be treated as a state!" Trump announced on the Truth Social social network. He emphasized that Canada "in trade and in many other ways is one of the worst countries in the world to work with." Trump added that Canada maintains "outrageously high tariffs" on American farm products. Trump's statement comes amid the breakdown of US-Canada trade talks. The White House Max | Telegram | Newsletter | iOS App | Android]
Can Canada Defeat Donald Trump in the Trade War? Starting September 8, Canadian authorities will impose tariffs of 15 to 50% on $27.6 billion worth of American goods. These tariffs include steel, dairy products, agricultural equipment, pulp and paper products, clothing, and electronics. The American tariffs also affect Canadian alcohol, dairy products, various types of paper, hockey equipment, cement, honey, seaweed, seeds, and automobiles. On August 24, Donald Trump announced the introduction of additional duties at a rate of 50% on Canadian cars from January 1, 2027. The United States has a greater margin of safety, since the American economy maintains its leading position in the world, it is more diversified and is several times larger than the Canadian one, says Americanist Pavel Koshkin. “Considering that the automotive industry is the second most important (after energy) sector of the Canadian economy, pressure on it poses a serious threat to the Canadian economy, the parameters of which have yet to be calculated,” notes Elena Komkova, Chief Researcher at the Canada Department of ISCRAN. Max | Telegram | Newsletter | iOS App | Android [in reply to: The United States is raising duties to 50% on cars, auto parts and steel from Canada from January 1, 2027, President Donald Trump said. “If production is carried out in the United States, there will be no duties. "Canada will no longer be treated as a state!" Trump announced on the Truth Social social network. He emphasized that Canada "in trade and in many other ways is one of the worst countries in the world to work with." Trump added that Canada maintains "outrageously high tariffs" on American farm products. Trump's statement comes amid the breakdown of US-Canada trade talks. The White House Max | Telegram | Newsletter | iOS App | Android]
On Tuesday, Trump signed an executive order banning imports of several dairy products, alcoholic beverages, and motorcycles from Canada in three weeks. Trump also adjusted the scope of some existing 50% tariffs on Canadian goods. According to a statement released on the White House website, the tariff adjustments will take effect on September 15, while the trade ban is scheduled to begin on September 29.
US to ban Canadian dairy, alcohol, motor vehicle imports on September 29
Canada begins imposing retaliatory tariffs on imports from the United States in a new escalation of the trade dispute between the two countries. The tariffs reach up to 50% and affect goods worth approximately $20 billion.
Canada begins imposing retaliatory tariffs on imports from the United States in a new escalation of the trade dispute between the two countries. The tariffs reach up to 50% and affect goods worth approximately $20 billion.
Canada's retaliatory tariffs against the US have come into effect. On July 21, the US announced that it would impose a 50% tariff on certain goods imported from Canada, alleging that Canada was engaging in "discriminatory" practices against American products. Canada responded on August 25 to the 50% tariffs imposed by the US on approximately $20 billion worth of Canadian goods. Canada announced that it would apply tariffs of 15%, 25%, or 50%, starting September 8, to match the relevant US rates.
The United States has imposed new tariffs of 50% on $20 billion worth of Canadian goods, representing approximately 5% of Canada's total exports to the US. While the Canadian economy as a whole is expected to withstand the impact, many small and medium-sized business owners will be the first to be affected, with some fearing bankruptcy if the trade dispute remains unresolved.
Canadian officials said Tuesday that Canada plans to impose tariffs of up to 50% on about 700 U.S. goods in retaliation for recent tariffs imposed by the United States. This move further escalates tensions between the world's two most economically intertwined economies.
Canada on Tuesday announced counter-tariffs on US goods ranging between 15 and 50 percent, intensifying the trade war between the historically close allies.
Canada to impose retaliatory tariffs of between 15% and 50% on approximately $20 billion worth of US products The US imposed a 50% tariff on approximately $20 billion worth of Canadian goods Canada announced it will take retaliatory steps. These new tariffs will be applied from September 8th, matching the relevant US rates.
Canada to impose retaliatory tariffs of between 15% and 50% on approximately $20 billion worth of US products The US imposed a 50% tariff on approximately $20 billion worth of Canadian goods Canada announced it will take retaliatory steps. These new tariffs will be applied from September 8th, matching the relevant US rates.
Canada announced retaliatory tariffs of up to 50% on American goods. "This targeted measure will protect Canadian workers, farmers, fishermen, families and businesses, safeguard industries harmed by unjustified American tariffs, and help Canadian manufacturers compete with American products in the Canadian market," the Canadian Ministry of Finance said in a statement. The department specified that American steel and aluminum products will be subject to a 50% tariff instead of the previous 25%. The 25% tariff will apply to household appliances, dairy products and some other goods. The tariff on electrical appliances will be 15%. Subscribe to Kommersant in MAX | in Telegram [in reply to: The US will increase duties to 50% on cars, auto parts, and steel from Canada starting January 1, 2027, Donald Trump announced on the Truth Social social network. Subscribe to Kommersant in MAX | in Telegram]
Canada will impose retaliatory tariffs of 15%, 25%, and 50% on 27.6 billion Canadian dollars (approximately 20 billion US dollars) worth of US imports, effective September 8. #teleSUR #Canada #Tariffs #Aug25
The trade war is on: Canada announces new tariffs on $20 billion of imports from the United States. • • The tariffs have rates of 15%, 25% and 50%, matching the corresponding US tariff on each product. •
The trade war is on: Canada announces new tariffs on $20 billion of imports from the United States. • • The tariffs have rates of 15%, 25% and 50%, matching the corresponding US tariff on each product. •
Following the U.S. decision to impose a 50 per cent tariff on $27.6 billion of Canadian goods effective August 22, Minister Champagne confirmed today that Canada will match the new U.S. tariffs dollar for dollar, rate for rate, with additional Canadian tariffs on U.S. goods.
Effective September 8, 2026, Canada will impose 15, 25, and 50 per cent tariffs on products drawn from those targeted by U.S. Section 338 and Section 232 tariffs, with individual product rates based on the matching U.S. rate for the same goods.
Trump has confirmed the introduction of 50% tariffs on all types of cars, spare parts and steel from Canada starting January 1, 2027. According to him, the reason for the introduction of tariffs is the "high tariffs" on agricultural products from the United States in Canada. This allegedly created a $60 billion trade deficit between Canada and the United States in favor of the latter.
The Canadian dollar fell 0.58% against the US dollar after trade talks between Ottawa and Washington collapsed. The United States imposed tariffs of 50% on nearly $20 billion worth of Canadian imports on Saturday, targeting the US's second-largest trading partner after Mexico. Affected goods include dairy products, lumber, furniture, cement, ceramics, and a wide range of other products. President Donald Trump also announced that US tariffs on all Canadian cars, trucks, auto parts, and steel would be doubled to 50% starting January 1, 2027. #Arabic_Business
The United States will raise tariffs to 50% on cars, auto parts, and steel from Canada starting January 1, 2027, President Donald Trump said. "If it's made in the United States, there will be no tariffs. Canada will no longer be treated as a state!" Trump said on the Truth Social social network. He emphasized that Canada "in trade and in many other ways is one of the worst countries in the world to work with." Trump added that Canada maintains "outrageously high tariffs" on products from American farmers. Trump's statement comes amid the breakdown of US-Canada trade talks. The White House Max | Telegram | Newsletter | iOS App | Android
The United States will impose a 50% tariff on all cars, trucks, auto parts, and steel from Canada starting January 1, 2027. Donald Trump announced this on the social network Truth Social. However, if production takes place in the United States, then "no tariffs," the American president noted. "Canada has been screwing the United States of America for years. Their ridiculously high tariffs on our farmers and agricultural products have made life miserable for these great American patriots and have long since created a $60 billion deficit between our countries. Canada will no longer be treated as a state! In trade and in many other ways, they are also one of the worst countries in the world to work with. They think they have a right to demand things, and yet, we don't need Canada, they need us!" — Trump wrote. RBC channel on "Max" RBC app for iOS and Android
The United States will increase tariffs to 50% on automobiles, auto parts, and steel from Canada starting January 1, 2027, Donald Trump announced on the Truth Social social network. Subscribe to Kommersant in MAX | in Telegram [in reply to: A new round of trade conflict between Washington and Ottawa threatens Canadian manufacturers and calls into question the future of the North American agreement USMCA, which is important for the economies of the United States, Canada and Mexico. The United States and Canada at the last minute failed to conclude a trade deal, which it seemed had almost been agreed upon, after which the Trump administration imposed tariffs on the import of a number of Canadian goods worth a total of about $20 billion. The measures introduced by the United States provide for 50-percent duties on a wide variety of goods from Canada, in particular, hockey equipment, dairy and chemical products, building materials, wine, furniture, clothing. The list also includes frame pools and even wooden medical spatulas for examining the throat. Ottawa promised to respond with mirror measures from September 8 - “dollar for dollar." Read more in the Kommersant article. Carlos Barria / Reuters Subscribe to Kommersant on MAX | on Telegram]
TRUMP: -Canada has been fleecing the United States for years. -This is not sustainable and IT WILL NOT CONTINUE LIKE THIS ANYMORE! -As of January 1, 2027, tariffs on all cars, trucks, automotive parts, and steel, large and small, will be increased to 50%. -WE DON'T NEED CANADA, THEY NEED US!
Donald Trump wrote on Truth Social: "Canada has been taking advantage of the United States for years, and its high tariffs on American agricultural products have created a $60 billion deficit between the two countries." He announced that tariffs on imports of cars, trucks, auto parts, and steel from Canada would increase to 50 percent from January 1, 2027.
What is this event about?
This market will resolve to “Yes” if a diplomatic agreement between the United States and Canada to lower US tariffs on Canada is announced by August 31, 2026, 11:59 PM ET.
A diplomatic agreement to lower US tariffs on Canada refers to an official agreement, treaty, deal, or substantially similar diplomatic instrument that commits or obligates the United States to lower any tariffs on Canada, or includes the lowering of US tariffs on Canada as part of its stated terms.
Any reduction, revocation, or suspension of US tariffs on Canada, or the cancelled or suspended implementation of previously announced tariffs not yet effective, mutually announced as part of a diplomatic agreement, will qualify as lowering tariffs.
All listed countries must announce their acceptance of the same qualifying diplomatic agreement. A joint announcement will qualify, as will separate announcements from each entity of its own acceptance of an agreement which, taken together, directly indicate that all the listed countries accepted the same agreement. Separate announcements of individual policies will not qualify if the policies are not announced as part of a diplomatic agreement.
Each announcement must be a declarative statement that clearly and unambiguously communicates acceptance of an agreement. Statements that reference ongoing negotiations or a prospective agreement, or that allude to or express support for an agreement without confirming acceptance of the agreement, do not qualify. A qualifying announcement need not reference the agreement by name or use specific terminology, provided it clearly communicates acceptance of an agreement.
Whether announcements from the listed countries represent a diplomatic agreement and whether such an agreement qualifies will be primarily determined through the announcements themselves. Where an announcement is made by all listed countries but, based on the announcements, it remains ambiguous whether the announcements represent a qualifying diplomatic agreement between the countries or whether the agreement qualifies, this market will remain open until either i) definitive confirmation that the announcements represent a qualifying diplomatic agreement between the listed entities is achieved through further announcements from the listed countries or a consensus of credible reporting or ii) 14 calendar days (ET) have passed after the date that the last country made their first potentially qualifying announcement. If this period would extend past the end date, this market will remain open to allow for 14 full calendar days to pass. If, at the end of the fourteenth calendar day, no definitive confirmation has been achieved, the announcements will be adjudicated based on the totality of information available from the resolution sources at that time. No single statement, denial, or presentation of evidence will govern where it is contradicted by the totality of information.
The resolution sources for this market will be official information from the governments of the United States and Canada and a consensus of credible reporting.