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Trump imposes 50% tariffs on Canadian goods, citing disputes over autos, alcohol and cheese

AP · back to the audit

WASHINGTON (AP) -- President Donald Trump on Monday imposed 50% tariffs on most Canadian goods, declaring that Canada has unfairly discriminated against American autos, alcohol and dairy products. The administration official previewing the action said that Canada was one of the only nations other than China that retaliated against Trump previous tariffs and must be held accountable. The new 50% tariffs would exclude energy products, potash, fish and critical minerals, but they would include goods that had previously been protected from import taxes by the USMCA. Canadian Prime Minister Mark Carney said in a statement that his government believes in the benefits of free and fair trade and remains prepared to negotiate with the Trump administration. We crossed the Rubicon, said Scott Lincicome, vice president of general economics at the Cato Institute. The invocation of 338 is the nuclear option for Trump tariffs.