Trump hikes tariffs on Canada by 50%
U.S. President Donald Trump issued a decree imposing an additional 50% tariff on many Canadian products, as part of trade disputes between the two countries, particularly concerning the entry of dairy, alcohol, and automotive products into the American market. The new tariffs, which will take effect within a month, include various items such as wine, hockey sticks, and cement, while excluding strategic sectors like energy and fishing metals. This measure comes in response to potential violations of the North American Free Trade Agreement (NAFTA), with tensions escalating after Canada removed some alcoholic beverages from points of sale and judicial decisions overturned previous tariffs imposed by Trump. The White House is also considering new tariff measures based on the results of ongoing trade investigations.
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