Coverage tagged: Canada (CAN)
Every story tagged to Canada in the reporting behind our ratings, newest first. State-self-reported sources are excluded from scoring; non-anglophone coverage is surfaced in translation. Every card links to its source.
12 stories, newest first - 1 on this page in translation
Carney's Liberals swept three special elections on Sept 1, read across outlets as voter endorsement of his stand against US trade pressure. A governing party gaining seats mid-trade-war is a durable mandate signal rather than a poll.
Canada announced dollar-for-dollar retaliation of 15-50% on more than 800 tariff lines covering ~$20B of US goods (steel, dairy, appliances, agricultural equipment, pulp and paper, electronics), effective Sept 8. An open bilateral tariff war with the destination of ~3/4 of Canadian exports; drove the alliance-reliability cut.
The US imposed 50% tariffs on about $20B of Canadian goods after talks collapsed Aug 21, and Canada announced dollar-for-dollar retaliation on steel, dairy, appliances, agricultural equipment, paper and electronics effective Sept 8. The rate is confirmed at 50% across five or more independent outlets; the 35% figure carried forward from prior passes never had wire confirmation and is retired. The retaliation takes effect after this window and is not scored as in force.
The first-ever Section 338 tariffs, 50% on ~$20B of Canadian dairy, alcohol and motor vehicles including USMCA-origin goods, took effect 12:01am Aug 22 after a three-day suspension for talks that failed. Realization of the July proclamations; held Canada's trade score at the extreme band with confidence up.
Talks broke down late Aug 21 with PM Carney calling the US terms 'uneconomic, unfair' on autos tariffs and Canadian sovereignty over decision-making. The collapse converted the Section 338 suspension into enforcement.
A simultaneous long-duration selloff on Aug 18 set a record UK 50-year gilt yield (5.392%), the highest 10-year JGB since September 1996 (2.9494%), French yields since 2008 and German since 2011, with the US 30-year at 5.33% (19-year high). Global term-premium repricing; drove the US fiscal cut alongside the Treasury's buyback response.
July 20 proclamations imposed 50% tariffs on ~$20B of Canadian vehicles, dairy, alcohol and wood under Section 338 of the 1930 Tariff Act, its first use by any president, effective Aug 19 and applying even to USMCA-origin goods, alongside declared non-renewal of USMCA in its current form; Carney withheld retaliation to keep talks alive while aluminum rose ~58%. Primary-document based; both countries' trade scores worsened to -8.
Trump said July 28 he 'does not care about' USMCA as talks proceed, after the Section 338 order was specified at 50% on 554 tariff lines (~$20B, effective Aug 19, energy and critical minerals exempt); a reported further 35%-immediate tariff on non-USMCA goods is single-sourced, direction only. Drove US trade near -6 to -7, Canada trade near -6 to -7 and Canada alliance -3 to -4.
After meeting all 13 premiers in Charlottetown July 23, Carney said retaliation is being considered if no deal lands before the tariffs take effect; an Angus Reid poll shows 62% of Canadians back retaliatory tariffs. Escalation threatened, not executed: feeds the Canada trade and alliance moves.
Trump signed a Section 338 executive order imposing 50% tariffs on a wide range of Canadian goods (autos, alcohol, cheese), effective within 30 days; PM Carney called it a 'direct violation' and said both agreed to accelerate talks. Drove US trade near -5 to -6 and Canada trade near -4 to -6 / alliance -2 to -3.
The US let the USMCA deadline pass July 1 without extending the ~$2T pact, opening a review process and adding trade-policy uncertainty even as the EU 15% tariff deal implemented cleanly. US trade_actions_capacity held near -5 (churn up).
Radio-Canada reported the US Supreme Court struck down Trump's IEEPA-based tariffs on February 20, 2026; Washington replaced them with a 10% Section 122 global surcharge that exempts most USMCA-qualifying Canadian goods.