Washington Imposes 50% Tariffs on Canadian Products
The White House announced that the United States will impose a 50% tariff on a wide range of Canadian products, in response to what it described as 'discriminatory treatment' of American goods, particularly cars and dairy products.
Exceptions include energy, fish, and critical minerals.
U.S. President Donald Trump signed three executive orders based on a 1930 trade law that allows high tariffs on imports from specific countries.
The new tariffs cover a variety of products such as wine, hockey sticks, cement, dairy, furniture, swimming pools, fishing rods, clothing, and wigs, and will take effect on August 19, regardless of their connection to the United States-Mexico-Canada Agreement, with exceptions including energy, potash, fish, and critical minerals.
U.S. Trade Representative Jamieson Greer said that Canada continues to take retaliatory actions against the United States, arguing that Canadian restrictions on American car imports contributed to a 22% decline over the past year.
Original source: Akhbaar24
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