Topic
us-canada trade
Trade Canadian PM Mark Carney Rules Out Retaliatory Tariffs Before August 19 Deadline
Canadian Prime Minister Mark Carney stated that Canada will not impose retaliatory tariffs before the August 19 deadline set by US President Donald Trump's proposed 50% tariffs. He described advance retaliation as 'counterproductive' and emphasized ongoing negotiations. The tariffs target a broad range of Canadian exports, with an estimated impact of C$28 billion annually.
Trade Trump Imposes New 50% Tariffs on $20 Billion in Canadian Imports Using Section 338
President Trump on Monday announced new 50% tariffs on roughly $20 billion worth of Canadian imports using Section 338 of the Tariff Act of 1930. The duties, effective in 30 days, target Canadian goods after allegations of discrimination against U.S. autos, dairy, and alcohol. Exemptions include energy, critical minerals, and products already covered under Section 232.
Trade Trump Signs Executive Order Imposing 50% Tariff on Canadian Imports Effective August 19
US President Donald Trump signed an executive order imposing a 50% tariff on a wide range of Canadian imports, effective 19 August, in retaliation for what he called 'unequal treatment' of US cars, dairy and alcohol. The tariffs cover consumer items like wine and hockey sticks and industrial goods such as commercial cement, but exclude energy, potash, critical minerals and fish.