U.S.-Canada trade talks collapse as both sides impose tariffs; Canadian crude is the main cause of the U.S. trade deficit with Canada

The latest U.S.-Canada trade negotiations broke down on August 21. Trump imposed an additional 50% tariff on $20 billion worth of Canadian products, and Canada retaliated. The United States then banned imports of Canadian whey, certain alcoholic beverages, motorcycles, and other products, while some categories were removed from the tariff list.