50% TARRIFS ON CANADA IMPOSED President Trump signed three proclamations imposing additional 50% tariffs on certain Canadian goods, invoking Section 338 of the Tariff Act of 1930. The tariffs will take effect 30 days after signing. What's covered: A wide range of Canadian imports – from wine to hockey sticks to cement. The tariffs apply regardless of USMCA origin. What's excluded: Energy, potash, fish, critical minerals, and products already subject to Section 232 tariffs. The stated justification: The White House cites Canada's "discriminatory treatment" of U.S. motor vehicles, alcohol, and dairy. Examples include a 25% Canadian tariff on non-USMCA U.S. auto imports and U.S. alcohol sales to Canada dropping 81% ($582M). Exemptions: Goods already subject to Section 232 tariffs (steel, aluminum, copper) are excluded from these new duties. The bigger picture: The USMCA was not renewed by the July 1 deadline, triggering annual reviews. Canada and China are the only countries that retaliated against Trump's tariffs rather than negotiating.