Post by Augustine Chiagozie (@pabloexchange)

🇺🇸 Trump proposes 50% tariffs on Canadian imports

Donald Trump announced plans to impose 50% tariffs on a wide range of Canadian imports starting August 19, using Section 338 of the Tariff Act of 1930 after earlier tariffs were blocked by the Supreme Court.

The proposed tariffs would apply to many goods previously exempt under the USMCA, while Canada is already considering a "dollar for dollar" response if the measures take effect.
⠀
If implemented, the move could reignite a U.S.-Canada trade war and put renewed pressure on prices and cross-border supply chains.

0 likes · 0 comments · 0 shares