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21.07.26 - 08:00
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Donald Trump to impose 50% tariff on most Canadian goods, White House says (The Guardian)
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Turmoil likely as Trump officials say Canada unfairly discriminated against US autos, alcohol and dairy productsDonald Trump is imposing 50% tariffs on most Canadian goods in response to the country retaliating against previous US tariffs, the White House announced Monday, declaring Canada has unfairly discriminated against American cars, alcohol and dairy products.The tariffs will hit a wide range of products, the White House said, including wine, hockey sticks and cement. They also include goods previously protected from import taxes under the United States-Mexico-Canada (USMCA) agreement. Continue reading......
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21.07.26 - 02:36
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Trump Reaches For A 1930 Tariff Law To Hit Canada With 50% Duties - But Not On These Items (ZeroHedge)
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Trump Reaches For A 1930 Tariff Law To Hit Canada With 50% Duties - But Not On These Items
President Donald Trump signed three proclamations Monday imposing an additional 50 percent tariff on a broad list of Canadian goods, accusing Canada of discriminating against American dairy, alcohol, and auto exports. The White House said the president was acting to hold Canada accountable for what it called "continued discrimination" against U.S. commerce, according to The Epoch Times. The duties take effect in 30 days.
American whiskey is seen on the shelves of a SAQ liquor store in Montreal on March 4, 2025. The Canadian Press/Christinne Muschi
This is not a blanket levy on everything crossing the northern border, and what got left out is as revealing as what got hit. Oil - of which Canada is the largest foreign supplier to American refineries - is exempt. So is potash, the fertilizer input U.S. farmers depend on and cannot readily source elsewhere. Fish and critical minerals are out. So are...
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