United States and Canada Reciprocal Tariff Actions

The United States began imposing 50% tariffs on Canadian goods into the United States on August 22, 2026. In response, Canada is imposing tariffs ranging between 15 to 50% on U.S.-origin goods, starting on September 8, 2026. The Canadian countermeasures are expected to affect approximately $20 billion in U.S. annual exports to Canada, i.e., roughly the same amount of U.S imports of Canadian goods that became subject to tariffs earlier this week.... By: Dorsey & Whitney LLP