Canada braces for potential U.S. Section 338 tariffs
Story essentials
Mark Carney, Donald Trump, Canadian Government
Canada, United States
August 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 18/18/2026, 9:00:33 PM
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.
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