The Kobeissi Letter(@KobeissiLetter):BREAKING: Trade talks between the US and Canada have collapsed and the US has imposed new 50% tariffs on billions of dollars of Canadian goods. Details include: 1. Canada's Prime Minister Carney vows to retaliate with "dollar for dollar" tariffs on the US 2. The tariffs will cover hundreds of items the US buys from Canada, such as plywood, liquor, electrical equipment and hockey gear, totaling ~$20 billion 3. US Trade Representative Greer said Canadian negotiators had "upset the balance" worked out over days of negotiations 4. The two sides had been discussing a deal that included lowering tariffs on Canadian steel and aluminum to 25% and autos to 15% The US-Canada trade war appears to be back.

2026.08.22 04:31

BREAKING: Trade talks between the US and Canada have collapsed and the US has imposed new 50% tariffs on billions of dollars of Canadian goods. Details include: 1. Canada's Prime Minister Carney vows to retaliate with "dollar for dollar" tariffs on the US 2. The tariffs will cover hundreds of items the US buys from Canada, such as plywood, liquor, electrical equipment and hockey gear, totaling ~$20 billion 3. US Trade Representative Greer said Canadian negotiators had "upset the balance" worked out over days of negotiations 4. The two sides had been discussing a deal that included lowering tariffs on Canadian steel and aluminum to 25% and autos to 15% The US-Canada trade war appears to be back.

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