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Canada retaliatory tariffs land Sept. 8: 15–50% duties on roughly $20–28 billion of U.S. goods across 700+ lines. Champagne also unveiled $7.5 billion in worker and business supports after Trump’s weekend 50% package.
GM stock fell about 2% Aug. 24 after Trump threatened 50% tariffs on Canadian autos, parts, and steel starting Jan. 1, 2027. Ford and Stellantis dropped ~4%. Medium-truck tariff relief sank the US-Canada deal.
Canada tariffs entered a new phase Aug. 24: Trump vowed 50% duties on Canadian autos, parts, and steel starting Jan. 1, 2027 after talks collapsed. US 50% tariffs on $20B in goods took effect Aug. 22. Ottawa retaliates Sept. 8.
Trump paused 50% Canada tariffs less than two hours before the Aug. 19 deadline, citing a near-complete trade deal. About $20 billion in imports get a three-day reprieve until Aug. 21. Auto tariff levels remain the main sticking point.