Marketplace · Tuesday, August 25, 2026
The US and Canada have seen trade deal talks collapse, leading Canada to impose retaliatory tariffs on approximately $20 billion of US goods, including steel and aluminum. This development is creating uncertainty for businesses, like Asheville Tea Company, which rely on cross-border trade, even though their specific products are currently under a different trade agreement.
“As I'm sure you know, over the weekend, the trade deal talks between the US and Canada fell apart.”
“So it's been a challenge for us because on the bright side, right now, tea still falls under the USMCA agreement, so we're not being specifically tariffed on most of our products coming in and out of Canada.”
“Canada responded today with retaliatory tariffs on about $20 billion of US goods, including things like steel and aluminum.”