US Imposes 50% Tariff on Canadian Goods, Fueling Trade War Fears

The US is set to impose a 50% tariff on various Canadian products starting Wednesday, in what could signal a new phase in Trump's trade wars.

This includes sports equipment, alcohol, makeup, cement, and other goods. President Donald Trump said the tariffs were a response to actions taken by Canada in the ongoing trade war.

The new import taxes target an estimated 5% of imports from Canada, but could have significant implications for trade policy and the broader economy.