US hits many Canadian imports with 50% tariff under Smoot-Hawley Section 338

Summary

The White House said on July 20 it will impose 50% tariffs on hundreds of Canadian products including wine, hockey sticks, textiles, furniture and cement under Section 338 of the Smoot-Hawley Tariff Act, effective August 19. Canada's PM Carney called it the latest unilateral move violating USMCA and said all response options are on the table.