Deadline looms as Trump’s 50 per cent tariffs set to kick in just after midnight
U.S. President Donald Trump’s latest tariff threat on $28 billion worth of Canadian goods is set to take effect just after midnight, unless officials are able to finalize a trade agreement. In July, Trump said he would impose a new 50 per cent tariff on a wide range of Canadians goods in retaliation for Canada’s […]
Tensions are mounting as the deadline approaches for the implementation of a 50 percent tariff on $28 billion worth of Canadian goods by Donald Trump. Unless a trade agreement can be finalized, the tariffs will take effect just after midnight. This latest threat comes in retaliation for Canada's booze bans, auto tariffs and quotas that limit tariff-free access for U.S. dairy.
Originally scheduled to take effect on Wednesday, the deadline has been pushed back to Saturday, giving officials more time to turn the agreed-upon deal into a legally binding agreement. Canada's trade minister, Dominic LeBlanc, and chief negotiator, Janice Charette, have met with U.S. Trade Representative Jamie Gesner in Washington multiple times this month to negotiate the deal.
Unlike other tariffs, the duties that are currently on hold will specifically affect goods compliant with the Canada-U.S.-Mexico Agreement on trade. These tariffs would be applied to a wide range of products, from hockey sticks and honey to concrete and plywood.
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- Deadline looms as Trump’s 50 per cent tariffs set to kick in just after midnight winnipegfreepress.com
