US, Canada Fail to Reach Trade Deal; 50 Percent Tariffs to Go Into Effect

U.S. Trade Representative Jamieson Greer said on Aug. 21 that new tariffs on Canadian imports will take effect as the two nations have failed to reach a trade deal.
“Tonight, Canada declined to finalize the trade deal under the terms agreed earlier this week,” Greer said in a statement.
Greer said the new 50 percent tariffs on Canadian imports will take effect on Aug. 22 at 12:01 a.m. ET.
This is a breaking story and will be updated.