Midnight Deadline: Trump’s 50% Canada Tariffs Could Hit Tonight Unless a Deal Is Struck

NewsTue, 18 Aug 2026 16:26:17 UTC2 hours ago

TLDR

  • Trump has threatened 50% tariffs on $20 billion in Canadian goods, set to kick in at midnight Wednesday
  • Canadian PM Mark Carney called talks “very intense and delicate” after Monday phone call with Trump
  • Talks center on concessions including U.S. duties on Canadian metals, lumber, and auto parts
  • The auto sector remains a key sticking point, with spirits access also a flash point
  • Analysts expect a narrow delay rather than a full deal, with USMCA renewal also at risk

The U.S. and Canada are locked in last-minute negotiations to avoid a new round of tariffs set to hit at midnight. If no deal is reached, President Donald Trump will impose 50% tariffs on $20 billion worth of Canadian goods.

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