Previous broad trade negotiations between the United States and Canada collapsed in August 2026, leading to reciprocal 50% tariffs on approximately $20 billion worth of goods.

From the article‘The same issue’: Why the US and Canada are still a ways from a trade dealAlso in Trump’s Canada tariffs meet election pressure as Republicans face midterm risks, Canada-U.S. trade talks ‘moving quickly’ at political level ahead of midterms: sources - National | Globalnews.ca, White House tempers tough talk on Canada trade as inflation tops voter concerns, EXCLUSIVE: US, Canada working on deal to ease steel, auto tariffs, sources say | Reuters, US-Canada tariff deal: Is relief coming for steel and automakers?, U.S. and Canada working on deal to ease steel and auto tariffs, sources say, The US and Canada are talking trade. That doesn’t mean they’re near a deal.