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Trump's New 50% Canada Tariff Could Shake Maine Businesses
The targeted duties could hit forest products and other Canadian imports, while most energy and fisheries goods remain exempt, economists said.
- On Monday, President Donald Trump ordered 50% tariffs on a wide range of Canadian goods starting August 19, citing discrimination against American motor vehicles, dairy, and alcohol.
- The administration cited the 1930 Smoot-Hawley Tariff Act as legal basis, marking the first time this historic law has been invoked in the modern era to justify tariffs.
- Manufacturers like Foampak warn that 50% tariffs eliminate competitiveness in U.S. markets, while Bayco Golf customers are stockpiling orders before the August 19 deadline to avoid price increases.
- Prime Minister Mark Carney said Thursday he is prepared to respond if tariffs proceed, as Maine experts warn of supply chain shocks despite energy and fisheries remaining exempt.
- Negotiations to update the U.S.-Mexico-Canada Agreement continue, yet these targeted duties bypass the pact; economists warn long-term uncertainty may delay company investment decisions.
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Residents share whether Trump's tariffs will change spending habits in Thompson-Okanagan
President Donald Trump is once again ramping up the trade war with Canada. The US leader threatened to impose 50 per cent tariffs on a variety of Canadian goods last week, with American officials saying the new levies are a response to provincial bans on U.S. alcohol, Canada's supply-managed dairy s...
·Kelowna, Canada
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Total News Sources14
Leaning Left3Leaning Right0Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 30%
C 70%
Factuality
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