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Carney's Retaliation List: What It Could Mean for Your Grocery Bill

  Published August 22, 2026 · Canadian Money Brief The 50% U.S. tariffs on roughly $28 billion of Canadian goods are no longer a threat — they took effect at 12:01 a.m. Saturday after last-minute talks between Ottawa and Washington collapsed Friday night. Prime Minister Mark Carney responded by suspending negotiations entirely and promising to hit back "dollar for dollar." Unlike the tariff deadline itself, this part isn't happening tonight: Carney says Canada's countermeasures won't take effect until September 8 , and the exact product list is still being finalized. That two-and-a-half week gap matters for your wallet. It's a window where the general shape of the retaliation is known, but the fine print — the specific products, the exact surtax rates, which exemptions get carved out — is still being written in Ottawa. Here's what's confirmed, what history tells us to expect, and how to think about the impact on your own spending. What's confirmed ...
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Mexico Threatens Retaliation Over Proposed Tariffs, Warns of Job Losses


Mexican President Claudia Sheinbaum has issued a stern warning against the proposed 25% tariffs by U.S. President-elect Donald Trump, stating that such measures could result in the loss of 400,000 U.S. jobs and increased prices for American consumers. Sheinbaum emphasized that Mexico would respond with reciprocal tariffs if the U.S. proceeds with the plan.

During a press conference, Sheinbaum highlighted the potential impact on the automotive sector, noting that nearly 90% of pickup trucks sold in the U.S. are manufactured in Mexico. Economy Minister Marcelo Ebrard echoed these concerns, calling the proposed tariffs a "shot in the foot" that would harm both U.S. workers and companies.

The Mexican government has also expressed confidence that the U.S.-Mexico-Canada Agreement (USMCA) would protect their trade interests. Sheinbaum and Trump discussed the issue in a recent phone call, with Trump claiming that Sheinbaum agreed to address migration and drug smuggling.

The situation remains tense as both countries navigate the complexities of trade relations and the potential economic fallout of the proposed tariffs.




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