Canada rejected US tariff deal. Now comes the economic cost
- Posted on August 24, 2026
- By Business News Today
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- 1 min read
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Canada rejected US tariff deal. Now comes the economic cost
Canada faces economic fallout after trade talks with the US collapsed and Washington imposed 50% tariffs on hundreds of Canadian products. Economists warn of slower growth and job losses, while Prime Minister Mark Carney plans retaliatory tariffs despite concerns they could raise consumer prices.
