Canada Braces for Trade War Beyond 2026 Midterms After US Talks Collapse
Updated
Updated · Bloomberg · Aug 24
Canada Braces for Trade War Beyond 2026 Midterms After US Talks Collapse
3 articles · Updated · Bloomberg · Aug 24
Summary
Mark Carney’s government sees little chance of restarting trade talks with the US before the 2026 midterm elections after negotiations with President Donald Trump collapsed, according to people familiar with the matter.
A domestic aid package is now being prepared for Canadian businesses hit by US tariffs, with officials designing the measures to last through the rest of Trump’s term if needed.
That planning signals Ottawa expects the tariff dispute to become a long-running standoff rather than a temporary breakdown in negotiations.