Canada faces new 50% US tariffs under a 1930s-era law on nearly $20B in goods, impacting industries like wine, furniture, and dairy.
Canada is bracing for a new round of 50 per cent US tariffs set to take effect this week, invoked by President Trump under a 1930s-era trade law, covering nearly $20 billion worth of Canadian goods including wine, furniture and dairy products. Businesses have warned the tariffs could trigger job losses in already struggling industries, while further complicating broader negotiations over the future of North America’s free trade agreement, with negotiators still far apart on key issues.
Source: Reuters
