US, Canada Fail to Reach Trade Deal; 50 Percent Tariffs Take Effect
The new tariffs on Canadian imports took effect on Aug. 22 at 12:01 a.m. ET.
TL;DR
- New tariffs on Canadian imports are now in effect.
- The trade deal was not finalized as Canada declined the agreed-upon terms.
- U.S. Trade Representative Jamieson Greer announced the failure to reach a deal.