President Trump said Tuesday night he is pausing for three days 50% tariffs on billions of dollars worth of Canadian goods that were set to take effect early Wednesday. Why it matters: It follows an intense push in recent days — including talks between Trump and Canadian Prime Minister Mark Carney on Tuesday — to avert another escalation in the North American trade war . What they're saying: "I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL!" Trump wrote on Truth Social. - "The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the…
President Donald Trump is putting America first again—this time by confronting Canada over trade policies that unfairly target American workers and manufacturers. President Trump has ordered a 50 percent tariff on a wide range of Canadian imports, including wine, dairy products, cement, and even hockey sticks. The duties will take effect 30 days after the […] The post President Trump Orders Huge New Tariffs on Canada appeared first on StoneZone .
President Donald Trump is putting America first again—this time by confronting Canada over trade policies that unfairly target American workers and manufacturers. President Trump has ordered a 50 percent tariff on a wide range of Canadian imports, including wine, dairy products, cement, and even hockey sticks. The duties will take effect 30 days after the proclamation was signed. The administration says Canada has also discriminated against American motor vehicles and auto parts by imposing special tariffs on U.S. products while treating goods from other countries more favorably. In response, President Trump is using authority under the Tariff Act of 1930 to level the playing field. These tariffs will apply even to covered goods that…Open
The Trump administration said Monday that it will impose an additional 50% tariff on certain Canadian goods — including hockey sticks, wine and cement — accusing Canada of discriminating against U.S. exports. Why it matters: The move ratchets up tensions in an increasingly bitter trade dispute between two of the world's closest economic partners. Zoom out: The tariffs , which take effect next month, will be imposed under Section 338 of the Tariff Act of 1930 — a never-before-used authority. The duties cover roughly $20 billion in annual Canadian imports. - A senior administration official said the tariffs were not the wildfire tariffs that President Trump had earlier threatened, though the official added that options on that…
Each of the three proclamations impose a 50% tariff on a different set of Canadian imports, covering products ranging from wine to hockey sticks to cement, but do not apply to products subject to tariffs under Section 232.