Canada prepares to retaliate against U.S. tariffs on September 8

In Canada, Prime Minister Mark Carney announced on August 23, 2026, that the country would abandon trade negotiations with the U.S. due to unacceptable last-minute demands. This decision was supported by several premiers, who agreed on the need for retaliatory tariffs set to take effect on September 8. However, divisions emerged among the premiers regarding the approach to retaliation, reflecting differing views on the economic implications of the trade breakdown.