Trump imposes 50% tariff on Canadian imports
•President Trump has signed a 50% tariff on various Canadian imports, citing "unequal treatment" of U.S. goods.
•The tariffs will take effect on August 19 and escalate trade tensions between the U.S. and Canada.
•Key Canadian exports like energy and fish will be exempt from the new tariffs.
Trump imposes 50% tariff on Canadian importsImage source, Getty ImagesImage caption, US President Donald Trump (L), Canada's Prime Minister Mark Carney (R).ByFrancisco VelasquezBusiness reporterPublished4 minutes agoUS President Donald Trump has signed an order imposing a 50% tariff on a wide range of goods imported from Canada, in retaliation for what he called "unequal treatment" of US cars, dairy and alcohol. The duties take effect on 19 August and mark a major escalation in trade tensions between the North American neighbours. The White House said the tariffs were necessary to protect American businesses. Goods targeted range from everyday consumer items like wine and hockey sticks to industrial goods such as commercial cement. However, several key exports will be spared, such as energy, potash, critical minerals and fish. Related topicsDonald TrumpGlobal tradeالمصدر: BBC US & Trump News | Source: BBC US & Trump News
→President Trump has signed a 50% tariff on various Canadian imports, citing "unequal treatment" of U.S. goods.
→The tariffs will take effect on August 19 and escalate trade tensions between the U.S. and Canada.
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