How Trump’s Tariffs Are Hitting Canadian Goods
Canadian officials walked away after Washington demanded more concessions, and 50% tariffs now threaten higher costs for businesses and consumers.
- On Saturday, 50% US tariffs took effect on an array of Canadian goods following the collapse of trade negotiations between President Donald Trump and Canadian officials.
- Trump utilized Section 338 of the Tariff Act of 1930, a dormant Great Depression-era law, to impose the levies; Canadian Prime Minister Mark Carney abandoned negotiations after refusing to accept an escalating list of administration demands.
- The levies impact $20 billion of Canadian exports, including hockey sticks and Crown Royal whisky. Carney promised "dollar for dollar" retaliation, with Canadian countermeasures beginning September 8.
- Ontario Premier Doug Ford told The Associated Press on Monday that "everything is on the table," including potential cuts to electricity and critical minerals. Businesses face sharp cash crunches paying tariffs before customer payments arrive.
- These tariffs are expected to raise prices for American consumers less than three months before the November 3 midterm elections, potentially affecting Democratic gains. Analysts say the administration's trade policy may be reaching its limits.
94 Articles
94 Articles
By Chris Isidore, CNN President Donald Trump's threat to impose 50% tariffs on cars on all imports from Canada is just the most recent blow to an industry that has endured changes in trade rules since the current president returned to power. Trump announced the tariff plans for cars earlier this Monday, just as trade tensions between both neighbors increased. On Saturday, the United States imposed 50% tariffs on a much more limited group of Cana…
List of Canadian Exports Hit by Tariffs Is Long and Specific
Americans will be paying more for fake beards and plywood, now that President Trump has imposed 50% tariffs on roughly $20 billion of Canadian exports. The tariffs will be on top of existing duties on aluminum, steel, autos, and lumber. The sweeping new list of good affected are oddly specific,...
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