Trump Imposes 50% Tariffs on Canada Goods

President Donald Trump invoked Section 338 of the Tariff Act to impose 50% tariffs on a wide range of Canadian goods in retaliation for Canada’s actions against American autos, dairy, and alcohol, with the levies taking effect in 30 days and exemptions for energy, potash, fish, and critical minerals. The move, described as a response to retaliation rather than a full-blown trade war, signals renewed tensions with Canada and could affect cross-border trade and prices as negotiations continue.