Iran has strongly condemned a joint statement by Canada’s foreign and finance ministers as a distortion of facts, an act of appeasement toward Washington.

After talks collapsed, the US imposed 50% tariffs on $27.6 billion in Canadian goods, prompting Canada's dollar-for-dollar retaliation effective September 8, escalating a trade war that now threatens supply chains, consumer prices, and political stability ahead of November midterms.

Donald Trump has ordered Lake Ontario to be renamed “Lake America” in the US, escalating his increasingly hostile rhetoric toward Canada.

The new tariffs will cover C$27.6 billion worth of US imports, with duties of mostly 25% or 50% set to take effect on September 8.

Canadian premiers voice distrust in US President Donald Trump as the trade war escalates between the neighboring countries.

Here are Press TV's latest top stories at 10:00 GMT on August 22, 2026.

Canada has vowed to retaliate dollar-for-dollar against new US tariffs on Canadian goods as trade negotiations with Washington collapse.