US imposes new 50% tariff on many Canadian goods
The tariffs will cover products including wine and hockey sticks, but not energy or fish. The move is the latest trade escalation between the US
The tariffs will cover products including wine and hockey sticks, but not energy or fish. The move is the latest trade escalation between the US and its northern neighbor under the Trump administration. US President Donald Trump's administration on Monday announced it was imposing 50% tariffs on a wide range of Canadian goods. The White House said the tariffs would take effect in 30 days and cover "products ranging from wine to hockey sticks to cement." Trump signed the three proclamationsunder Section 338 of the Tariff Act of 1930 — a nearly century-old trade law that allows for tariffs of up to 50% on imports from specific countries.
However, the new tariffs will not apply to energy, potash (used in agricultural fertilizer), fish, critical minerals and goods already covered by existing tariffs under Section 232 of the law which relates to national security. Trump threatens new Canada tariffs as wildfire smoke spreads To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video White House accuses Canada of 'discriminatory treatment' The White House said the move was a response to Canada's "discriminatory treatment" of American goods.
Specifically, it said Canada imposed tariffs and quotas on US-manufactured cars that it did not apply to cars from other countries, and it said all but two Canadian states and territories have restricted the distribution of American alcohol. "Over the past year and a half, only two countries have chosen to retaliate against President Trump’s tariffs rather than negotiate a deal with the United States: the People’s Republic of China and Canada," the White House said.
This is a breaking news story and will be updated....
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