Canada and US reach temporary deal to delay 50% tariffs
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Donald Trump, Mark Carney
USA / Canada
August 18, 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 18/19/2026, 5:11:11 PM
Canada and the US reached a deal to delay the implementation of 50% tariffs by three days. The tariffs were initially announced in July 2026 due to trade disputes over cars, alcohol, and dairy products. President Trump also suggested the Keystone XL pipeline project might be revived.
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Canada braces for potential U.S. Section 338 tariffs
Prime Minister Mark Carney is negotiating to avoid 50% U.S. tariffs on $20-billion of Canadian goods. Tariffs under Section 338 target sectors like electronics, textiles, furniture, and dairy. Impact on Canada's GDP is estimated at 0.4% to 0.6%, with significant regional risks for Quebec, B.C., and Ontario. Canada is prepared to retaliate if negotiations fail.