The White House announced a new 50% tariff on a wide range of Canadian goods, including wine, cement, hockey equipment, dairy, and wigs, set to take effect in 30 days, according to N12. The tariff is based on a rarely-used penal clause from a nearly 100-year-old customs law, and Reuters notes the law's last use contributed to the Great Depression. The announcement follows the initial 50% tariff revealed earlier Tuesday and Prime Minister Carney's response.
The new tariff announcement provides specific details on the products affected and the legal basis for the 50% levy on Canadian goods. As reported by N12, the list includes wine, cement, hockey equipment, dairy products, swimming pools, furniture, fishing rods, seeds, clothing, and wigs. The administration invoked a rarely-used penal clause from a 1920s customs law, which Reuters noted last contributed to the Great Depression. The tariff takes effect in 30 days.
Earlier Tuesday, the initial 50% tariff was reported, and Prime Minister Mark Carney responded, saying the US 'changed all the trade relations that were agreed upon,' as The Zioneer covered. This latest announcement adds specificity to the escalating trade dispute between the US and Canada.
2 developments
- StrongCarney: US tariffs 'changed all trade relations' after 50% levy on Canadian goods
- StrongTrump announces 50% tariff on Canadian cars, trucks, auto parts, steel effective Jan 1, 2027
- DevelopingTrump administration to impose 10% and 12.5% tariffs on 60 trading partners
- DevelopingTrump announces phased tariff on generic drug imports: 0% for two years, then 200%
Source and signal
- Open-source intake