Trump imposes 50% tariff on Canadian imports
The duties take effect within 30 days and mark a major escalation in trade tensions between the North American neighbours.
US President Donald Trump has signed an order implementing a 50% tariff on a wide array of goods imported from Canada. This action, which Trump stated was in retaliation for the "unequal treatment" of US cars, dairy, and alcohol, is set to take effect on August 19.
The new duties represent a significant escalation in trade tensions between the two North American neighbours. The White House affirmed that these tariffs are necessary to protect American businesses.
The targeted goods encompass a range from everyday consumer items like wine and hockey sticks to industrial products such as commercial cement. However, several key Canadian exports, including energy, potash, critical minerals, and fish, will be spared from the new levies.
These new duties build upon existing trade barriers between the two countries. The US currently maintains active tariffs ranging from 15% to 50% on Canadian steel, aluminum, and copper. Washington also imposes a 35% tariff on Canadian softwood lumber, alongside a 25% tax on non-US parts used in cars.