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The Latest: Bessent warns the world to cut financial ties to Iran or face US retaliation
Summary by The San Antonio Editorial Desk Associated Press , as published by KSAT 12 (ABC affiliate)
· August 24, 2026
· 1 min read
Photo: KSAT 12 (ABC affiliate) · view original
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Summary created by The San Antonio Editorial Desk — automated, rule-governed Byline on source page Associated Press, as published by KSAT 12 (ABC affiliate) Original story Read at the source Source published Aug 24, 2026 Indexed here Aug 24, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points These tariffs, set at 50%, will impact American companies and consumers, raising prices on various products. New tariffs imposed by the US on Canadian imports have taken effect, affecting roughly $20 billion in goods.
New tariffs imposed by the US on Canadian imports have taken effect, affecting roughly $20 billion in goods. These tariffs, set at 50%, will impact American companies and consumers, raising prices on various products. Canada's prime minister has vowed to retaliate with similar measures, starting in September.
The retaliatory tariffs will be imposed "dollar for dollar", according to the prime minister. Ontario's premier has also spoken out against the US trade policies, suggesting that a former US president would be displeased with the current approach.
Further details on the trade dispute and its potential consequences are available from the source. The situation continues to unfold, with potential impacts on trade between the two countries.
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KSAT 12 (ABC affiliate) reported and published this story. The San Antonio selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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As published by KSAT 12 (ABC affiliate) . The San Antonio selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact the editor .
Category: business Published: August 24, 2026 Source: KSAT 12 (ABC affiliate) Reading time: 1 min
Frequently asked about this story
What is this story about? New tariffs imposed by the US on Canadian imports have taken effect, affecting roughly $20 billion in goods. These tariffs, set at 50%, will impact American companies and consumers, raising prices on…
When was this published? This article was first published on August 24, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The San Antonio, or browse our daily briefing and topic hubs .
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