US‑Canada trade war deepens as Trump revives Depression‑era trade tool – what’s at stake for consumers and the midterms
The United States and Canada, historically close allies, are moving further into a full-blown trade war with no end in sight. On Aug. 25, 2026, Canada imposed tariffs of up to 50% on hundreds of U.S. goods after the U.S. placed similar, long-threatened levies on Canadian products. It followed the collapse of trade talks that had been inching towards a deal. The next day, U.S. President Donald Trump called Canada “one of the worst countries in the world to deal with.” Canadian Prime Minister Mark Carney claimed Trump was trying to “destroy” his country’s auto industry. Only ...