world-economy

Trump Slaps 50% Tariffs on Canadian Goods, Citing Unfair Trade Practices

President Donald Trump imposed 50% tariffs on most Canadian goods Monday, accusing Canada of discriminatory trade practices. The targeted goods included American automobiles, alcohol and dairy exports. The administration invoked Section 338 of the 1930 Trade Act, with Trump signing three proclamations to authorize the duties. The tariffs exclude energy products, potash, fish and critical minerals but cover goods previously protected under the United States-Mexico-Canada Agreement. Officials cited Canada's previous retaliation against Trump tariffs as justification for the action. The duties take effect in 30 days, providing a window for negotiations. Canadian Prime Minister Mark Carney expressed support for free and fair trade, noting his government has secured more than 20 new economic and security partnerships. Canada signaled readiness to negotiate with the Trump administration as the two nations face potential trade friction.