Canada Doubles Tariffs on US Steel Products up to 50% | Balance of Power: Late Edition 08/25/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Ontario Premier Doug Ford says Canada should answer US tariffs “tariff for tariff and dollar for dollar,” but urges President Donald Trump and Prime Minister Mark Carney to reach a fair agreement. Sen. Ted Cruz (R-TX) says tariff threats should be used to open markets, lower trade barriers and expand trade—not to keep tariffs high indefinitely. Michael Faulkender, Former Deputy Secre...

Americans, we want to hear your thoughts on the trade war between Canada and the U.S.

Ottawa announced hefty countertariffs on $27.6-billion worth of American products

By Globe staff

Carney matches Trump tariffs with 50% tax on U.S. dairy, steel

The retaliatory levies will affect $20 billion worth of annual U.S. exports to Canada.

Canada slaps retaliatory tariffs on US goods worth US$20 billion as trade war intensifies

The counter-tariffs take effect from Sep 8 and will impose duties ranging from 15 per cent to 50 per cent across 700 US products.