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[BUSINESS] · United States, Canada · 14 sources

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United States imposes new 50% tariffs on Canadian goods

The trade dispute between the United States and Canada has escalated as Washington implements new 50% tariffs on a selection of Canadian goods. These new duties target products such as outboard motorboats, certain cheeses, animal furs, and various metal and paper products. These measures represent approximately 0.6% of U.S. imports from Canada.

Concurrently, the U.S. is removing 50% tariffs on other Canadian goods, including cement, sugar, toilet paper, and fishing rods. The administration also announced upcoming import bans effective September 29, which will target certain alcoholic beverages, dairy products like whey, and motorcycles with engines exceeding 800cc.

The escalation follows the breakdown of formal negotiations, with Canadian Prime Minister Mark Carney stating that U.S. last-minute demands threaten Canadian sovereignty. While the trade war intensifies, President Donald Trump has indicated he does not intend to withdraw the U.S. from the USMCA agreement and expressed optimism regarding a potential resolution. The conflict has significant implications for the Canadian economy, which relies on the United States for nearly three-quarters of its exports.

Entities

Canada · Canadian National Railway · Donald Trump · Fortis · Mark Carney · USMCA · United States

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about 1 hour ago