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U.S. announces 50% tariff on selected Canadian products
The duties were framed under Section 338 of the Tariff Act of 1930 and target goods that cover about 5% of Canadian exports to the U.S.
The U.S. administration announced a 50% tariff on select Canadian products, invoking Section 338 of the Tariff Act of 1930, according to Action Forex.
The move targets a range of goods including alcoholic beverages, cement, dairy products, wood and paper products, and hockey sticks and other items.
Action Forex said the affected items represent roughly 5% of Canadian exports to the United States.
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