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The Canada-U.S. trade conflict

Tariffs are being charged both ways, and other measures are only scheduled or announced.

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Both leaders say a deal is possible, and no talks are scheduled

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WHAT HAPPENED

On the weekend of September 12, 2026, President Trump said his administration could reach a trade deal with Canada 'fairly soon'. On September 14 Prime Minister Mark Carney told Bloomberg he welcomed the comments. Canada, he said, was ready to negotiate a deal that respects its sovereignty and cultural institutions, and would 'sit down when it makes sense'. On September 15 he told his Canada Investment Summit that Canada intends to emerge stronger, more resilient and more independent. About 80 per cent of Canada's trade with the United States remains tariff-free, he said. He left that day for Europe. No negotiations were scheduled.

Why this matters

While both leaders spoke of a deal, tariffs were in force both ways and U.S. import bans were two weeks from their start date.

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No negotiations were scheduled as of September 15, 2026. President Trump said on the weekend of September 12 that his administration could reach a deal with Canada 'fairly soon', and did not elaborate. Prime Minister Mark Carney welcomed the comment and said Canada would 'sit down when it makes sense'. He said Canada was ready to negotiate a deal that respects Canadian sovereignty and cultural institutions.

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Prime Minister Mark Carney says about 80 per cent of Canada-U.S. trade remains tariff-free. He gave the figure on September 15, 2026. AP reports that the August 22 U.S. tariffs cover about 5 per cent of Canadian exports to the United States.

How much of Canada-U.S. trade is tariffed? →
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