U.S.-Canada Trade War: How And When Will It Impact You?

Business U.S.-Canada Trade War: How And When Will It Impact You? By ForbesTV , Forbes Staff. Follow Author Aug 31, 2026, 03:34pm EDT --:-- / --:-- This voice experience is generated by AI. Learn more . This voice experience is generated by AI. Learn more . Over the summer, tensions between the U.S. and Canada have continued to ratchet up over trade. President Donald Trump announced in July that in 30 days, he would be slapping a large swath of Canadian goods–including wine, dairy, cement, furniture, and ice hockey gear–with a 50% tariff. In mid-August, Trump posted that he was pausing those tariffs for three days because the U.S. and Canada reached a deal, but right before that pause was set to expire, Canadian Prime Minister Mark Carney walked away from the negotiating table, saying “last-minute changes in the U.S. proposed terms were unfair, uneconomic, and called into question the reliability of any deal.” Tariffs on approximately $28 billion worth of Canadian goods then went into effect, and in turn, Carney vowed to retaliate by matching the United States’ tariffs dollar for dollar. David Warrick, an executive vice president at Overhaul, joined “Forbes Newsroom” to discuss the impact this trade war will have on global supply chains. Watch the full interview above. Got a tip? Share confidential information with Forbes. Editorial Standards Reprints & Permissions Explore Topic