The US and Canada confirmed on the evening of August 21, local time, that the two countries failed to reach a trade agreement before the deadline. Starting in the early morning of August 22, EST, the US will impose 50% tariffs on Canadian goods worth about 20 billion US dollars. Allegedly, this tariff, implemented in accordance with section 338 of the US Tariff Act of 1930, will officially take effect at 00:01 EST. Canadian Prime Minister Carney announced that trade negotiations with the US will be suspended immediately and vowed to take “reciprocal retaliation” measures against the US side's new tariffs. Before the negotiations broke down, Canada's Trade Secretary LeBron and US Trade Representative Greer had been in intensive discussions in Washington for three consecutive days, but in the end, they were unable to bridge their differences.

The US and Canada confirmed on the evening of August 21, local time, that the two countries failed to reach a trade agreement before the deadline. Starting in the early morning of August 22, EST, the US will impose 50% tariffs on Canadian goods worth about 20 billion US dollars. Allegedly, this tariff, implemented in accordance with section 338 of the US Tariff Act of 1930, will officially take effect at 00:01 EST. Canadian Prime Minister Carney announced that trade negotiations with the US will be suspended immediately and vowed to take “reciprocal retaliation” measures against the US side's new tariffs. Before the negotiations broke down, Canada's Trade Secretary LeBron and US Trade Representative Greer had been in intensive discussions in Washington for three consecutive days, but in the end, they were unable to bridge their differences.