S&P 5007,509.20▲0.9% Nasdaq25,837.21▲1.3% Dow52,224.64▲0.7% Russell 2K2,987.40▲1.5% 10-Yr4.63%+3bp VIX17.55+0.50 WTI$87.52▲3.1% Gold$4,117.00▲1.1% EUR/USD1.141▼0.0% BTC$65,652▼1.3% Nikkei66,116▼0.2%
At close · Wed, Jul 22, 2026
Daily Market Updates.

Global Markets

HomeGlobal MarketsTrade & TariffsTrump says 50% tariffs on Canada will begin Aug. 19

Trump says 50% tariffs on Canada will begin Aug. 19

The proposal would escalate an ongoing Canada-US trade dispute by raising the tariff level to 50% starting on Aug. 19, according to the president.

The New York Times reports that President Trump said punitive tariffs of 50% on Canada would begin on Aug. 19.

The planned increase marks a major escalation of the trade war between the United States and Canada that began more than a year ago.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.