AMERICANALMANAC (Alex Tanzer) - Trump's 50% tariffs on Canadian goods take effect after trade talks collapse
President Trump imposed 50% tariffs on roughly $20 billion worth of Canadian products after last-ditch negotiations fell apart late Friday, and Prime Minister Mark Carney vowed to match them dollar for dollar. The levies kicked in at 12:01 a.m. ET on Saturday, August 22, hitting dozens of Canadian exports including wine, dairy products, hockey sticks, […] The post Trump's 50% tariffs on Canadian goods take effect after trade talks collapse appeared first on American Almanac .
President Trump imposed 50% tariffs on roughly $20 billion worth of Canadian products after last-ditch negotiations fell apart late Friday, and Prime Minister Mark Carney vowed to match them dollar for dollar. The levies kicked in at 12:01 a.m. ET on Saturday, August 22, hitting dozens of Canadian exports including wine, dairy products, hockey sticks, whiskey, vodka, honey, whey protein, molasses, steel, cement, appliances, agricultural equipment, pulp and paper, and electronics. Oil, gas, and potash were exempted. Within hours, Carney held a news conference on Parliament Hill in Ottawa, flanked by Canada-U.S. Trade Minister Dominic LeBlanc and chief trade negotiator Janice Charette, to announce that Canada was suspending all trade talks…Open