US Sets 50% Tariff on Some Canadian Goods Over Retaliation Claim

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Or sign-in if you have an account.(Bloomberg) — The Trump administration is set to impose a fresh 50% tariff on some Canadian goods under a never-before-used legal provision, citing what it said was unfair treatment by Ottawa of American alcohol, automobile and dairy products.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe new tariffs will take effect in 30 days, according to a senior administration official who briefed reporters Monday on the decision. Certain key imports such as energy, potash, fish, critical minerals and goods covered by separate sectoral duties on industries, including autos and metals, will be excluded.Crucially, the official said there would be no exemptions for products under the existing North American trade pact between the US, Canada and Mexico. President Donald Trump signed a proclamation ordering the tariffs earlier Monday, the official said.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againTrump has threatened tariffs on other nations’ goods before, only to pull back on some of them after negotiations or negative market consequences.The tariffs are being applied under Section 338 of the 1930 Tariff Act, which gives the president the power to impose duties of as much as 50% from countries deemed to discriminate against US commerce. The provision has never before been used to impose tariffs.Monday’s action threatens to further strain relations between the two neighbors, traditionally close allies.Trump last week threatened to increase tariffs on Canadian products to punish the country for wildfire smoke that covered US cities, including New York and Washington, over the last week. The senior administration official said the US was still exploring options linked to Trump’s threat, that but Monday’s action was unrelated to wildfires.Further complicating the trade relationship between the two countries, the US earlier this month declined to extend its trade agreement, known as USMCA, with Canada and Mexico, setting up what could be years of contentious negotiations.—With assistance from Laura Dhillon Kane.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.