United States negotiations with Canada collapsed in August 2026, leading Washington to impose 50% tariffs on $20 billion worth of Canadian imports.

From the articleCanada and US struggle to make progress in latest trade talks as midterms loomAlso in Mexico, US assess viability of trade deal before midterms | Reuters, Financial News | Stock Market and Forex News, Canada not in a 'position right now' to agree to U.S. trade deal, Carney says | CBC News