Trump's new tariffs target about 5 per cent of Canada's exports to U.S.: economists
Economists say the new duties cover about 5% of Canada’s exports to the United States and could hit some sectors hard, BMO said.
- On Monday, President Donald Trump announced 50 percent tariffs on nearly $20 billion worth of Canadian goods, invoking Section 338 of the Tariff Act of 1930 for the first time in nearly a century.
- The White House cited 'discriminatory treatment' from Ottawa against United States alcohol, automobile, and dairy products, claiming the current deal is 'not sufficiently beneficial for the United States.'
- Ranging from wine and hockey sticks to cement, the new levies cover hundreds of items, though they exclude oil, gas, and critical minerals already subject to sectoral tariffs.
- Canadian Prime Minister Mark Carney denounced the move, stating the tariffs are 'the latest in a series of unilateral US trade actions' in violation of the United States-Mexico-Canada Agreement.
- Analysts warn the timing is precarious for the economy, while Canada indicated readiness to intensify discussions in the coming weeks to resolve the dispute and modernize CUSMA.
77 Articles
77 Articles
FPAC warns new U.S. tariffs could threaten forestry jobs across Northwestern Ontario
U.S. Tariff Expansion Raises New Threat for Northwestern Ontario Forest Sector OTTAWA — The Forest Products Association of Canada is warning that a proposed expansion of American tariffs could place additional pressure on forest-sector workers, businesses and communities across Canada. The dispute matters directly in Northwestern Ontario, where forestry supports mills, harvesting operations, trucking companies, […] The Article FPAC warns new U.S…
Trump's 50% Tariffs on Canada Hit Beer and Hockey Sticks — Which Gets Pricier First?
Beer and wine could be among the first Canadian imports to cost American shoppers more after Donald Trump's new 50% tariffs take effect. While hockey sticks grabbed headlines, analysts suggest the first noticeable price hikes may come from alcohol and dairy products. The duties, due to begin on 19 August, cover nearly $20 billion (about £15 billion) worth of Canadian goods, including alcohol, dairy products, cement, furniture, clothing, fishing …
Le Journal de Montreal
Le Journal de QuebecFollowing Donald Trump's decision to impose 50% tariffs on Canadian exports, Ottawa must choose its answer
'Swinging recklessly': WSJ slams Trump's 'senseless' attack on Canada
The conservative Wall Street Journal editorial board was none too happy about President Donald Trump's latest "senseless" tariff order — this time a 50 percent punitive attack on Canada for perceived unjust trade practices.The president has tried multiple times to issue broad-based tariffs around th...
What Impact Could Trump’s 50 Percent Tariffs Have on Canada?
U.S. President Donald Trump signed proclamations for a new volley of tariffs on Canada, with the 50 percent levies set to hit around 5 percent of Canada’s total trade with the United States. The new tariffs would apply to Canadian alcohol, dairy products, cement, and other products including hockey sticks. The United States said this comes in response to Canada’s supply management system for dairy products, provincial bans on U.S. alcohol, and c…
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