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Tariffs Will Expedite Canada’s Diversification on Trade and Investment Away from the US
On Monday, the Trump administration issued this ‘fact sheet’ and supporting Executive Orders (here, here, & here). Here is a brief summary of what they contain. • Under Section 338 of the Tariff Act of 1930, the US is to impose additional 50% tariffs on certain goods from Canada allegedly in response to Canada’s discriminatory treatment of American products. • Each Section 338 proclamation imposes a 50% tariff on a different set of Canadian imports, covering products ranging from wine to hockey sticks to cement. • These Section 338 tariffs apply to all covered goods regardless of whether a good ... (full story)
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