TRUMP IMPOSES 50% TARIFFS ON $20BN CANADIAN IMPORTS
US President Donald Trump has imposed 50% tariffs on nearly 20 billion dollar worth of Canadian imports, accusing Canada of discriminating against American-made cars, alcohol and dairy products.
The new tariffs, which will take effect in 30 days, apply to a wide range of products including wine, cement, ice hockey equipment, dairy products, swimming pools, furniture, fishing rods, seeds, clothing and wigs.
Trump invoked Section 338 of the Tariff Act of 1930, which allows a US president to impose punitive tariffs of up to 50% on trading partners deemed to have discriminated against American goods and is the first known use of the law in nearly 100 years.
Canadian Prime Minister Mark Carney said his government had made comprehensive proposals to resolve the dispute, maintaining that previous US tariffs violated the North American trade agreement.
The Trump administration has repeatedly criticised Canada and China for introducing retaliatory measures against US tariffs imposed since Trump’s return to office last year.
