US eyes new tariffs as existing trade duties near expiration

Canada is prepared to "intensify" trade talks as President Donald Trump reportedly plans to impose new tariffs on dozens of countries this week. The Financial Times reported that these new duties are expected to be similar to the existing 10% tariffs, which are scheduled to expire on Friday. Canada's Governor Mark Carney stated that Canada has put forward proposals to resolve the ongoing dispute. The US administration is also reportedly pursuing investigations that could allow for higher duties.

President Donald Trump has announced new 50 percent tariffs on a range of Canadian goods, including wine, hockey sticks, and cement. These tariffs, set to take effect in 30 days, are being imposed due to Trump's claim of "discriminatory treatment" by Ottawa against certain U.S. products. The White House stated that these duties will impact items covered under the USMCA trade agreement, though energy and potash are exempted. Canadian Prime Minister Mark Carney responded by calling the tariffs a "direct violation" of the USMCA and expressed readiness for discussions to resolve the dispute. The move has raised concerns about escalating trade tensions between the two countries.

US President Donald Trump has signed an order imposing a 50% tariff on a wide range of goods imported from Canada, effective August 19th. This action retaliates against what Trump described as "unequal treatment" of US cars, dairy, and alcohol. The White House stated the tariffs are intended to protect American businesses. The targeted goods include consumer items like wine and hockey sticks, as well as industrial products such as cement, though energy, minerals, and fish are exempt. This move significantly escalates existing trade tensions and builds upon previous tariffs on goods like steel, aluminum, copper, and lumber. Canada has previously implemented its own counter-tariffs on American imports.

US Trade Representative Jamieson Greer indicated that new tariffs may be imposed on approximately 60 trading partners as existing temporary duties, enacted under Section 122 of the US Trade Act of 1974, are set to expire on Friday. These temporary tariffs, which can last up to 150 days without congressional approval, were implemented after the Supreme Court ruled against President Trump's use of the International Emergency Economic Powers Act for global tariffs. The White House is reportedly preparing new levies targeting countries for various reasons, including allegations of failing to address forced labor. Greer stated that action is expected soon, though a specific timeline was not provided. These potential new tariffs could affect a significant portion of US trade, potentially increasing tensions with countries like China, Japan, and the European Union. This follows recent tariff announcements on Brazilian and Canadian goods.

US President Donald Trump has imposed new 50 percent tariffs on a range of Canadian goods, including wine, hockey sticks, and cement, set to take effect in 30 days. The White House cited "discriminatory treatment" by Canada against US alcohol, automobile, and dairy products as the reason for these punitive measures, invoking Section 338 of the Tariff Act of 1930. These tariffs, affecting approximately $20 billion of Canadian imports, are also attributed to the US trade deficit with Canada. Canadian Prime Minister Mark Carney stated the tariffs violate the free trade agreement and expressed readiness to intensify discussions to resolve the dispute. The US administration indicated these new duties are separate from existing tariffs and do not apply to oil, gas, or critical minerals.

White House officials announced that Donald Trump will impose 50% tariffs on most Canadian goods, effective immediately. This action is justified by claims that Canada has unfairly discriminated against American autos, alcohol, and dairy products. The tariffs, enacted under Section 338 of the 1930 Trade Act, exclude energy products, fish, critical minerals, and potash, as well as goods protected by the USMCA. The administration stated these tariffs are a response to Canada's retaliatory measures following previous US tariffs. Trump also cited concerns about wildfire smoke from Canada impacting US air quality as a separate reason for potential additional tariffs.