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Canada will impose matching retaliatory tariffs on U.S. imports from Sept. 8, Prime Minister Carney said. Measures will mainly target steel, dairy, appliances, agricultural equipment, pulp and paper and electronics; further details to be announced. T

2026-08-23

Canada will impose matching retaliatory tariffs on U.S. imports from Sept. 8, Prime Minister Carney said. Measures will mainly target steel, dairy, appliances, agricultural equipment, pulp and paper and electronics; further details to be announced. The move follows a U.S. decision on Saturday to levy 50% duties on hundreds of Canadian products worth about $20bn after bilateral trade talks broke down on Friday, affecting items including plywood, alcoholic beverages, electrical equipment and hockey gear.

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2026-08-23

According to the New York Times, U.S. Trade Representative Greer disclosed a previously unseen U.S. offer to Canada that he said would give Canada the most-favored treatment among U.S. trading partners. Key measures: rescind a 10% softwood lumber tar

According to the New York Times, U.S. Trade Representative Greer disclosed a previously unseen U.S. offer to Canada that he said would give Canada the most-favored treatment among U.S. trading partners. Key measures: rescind a 10% softwood lumber tariff imposed last year under Section 232; cut a 25% auto tariff, potentially down to 7% if vehicles contain any U.S. parts; and reduce metal tariffs. Under a proposed tariff-quota system most U.S. duties on Canadian steel would fall from 50% to 25%, aluminum duties would be cut from 50% to 25% with no quota limits, and tariffs on downstream products using steel or aluminum would be reduced by 10–25 percentage points with a 15% floor. The U.S. also proposed suspending 50% tariffs due to start on dairy, wine, hockey sticks and other goods, and offered cooperation on critical minerals and transit. Greer rejected Prime Minister Carney's claim that the U.S. demanded too much and offered too little, saying the proposal would maintain and further improve Canada's market access.
2026-08-22

Iranian parliament speaker Ghalibaf said Iran has received approaches from neighboring countries proposing the establishment of "new security arrangements and economic cooperation".

Iranian parliament speaker Ghalibaf said Iran has received approaches from neighboring countries proposing the establishment of "new security arrangements and economic cooperation".
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