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tariffs

On 20 July 2026, President Trump signed three proclamations invoking Section 338 of the Tariff Act of 1930, a Depression-era statute that had never once been used by a sitting president. The result, according to a White House fact sheet released alongside the signing, is an additional 50 percent tariff on a wide range of Canadian goods, including products that are fully compliant with the United States-Mexico-Canada Agreement. The tariffs take effect on 19 August 2026.

  • The tariffs apply to a specified list of Canadian goods, some of which would otherwise cross the border duty-free under USMCA rules of origin.
  • The White House has framed the action as retaliation for what it calls discriminatory treatment of American goods and producers.
  • The 19 August effective date gives importers roughly a month to adjust supply contracts and inventory before the higher rate applies.
  • No comparable action has been taken against Mexico, the other USMCA partner, at least for now.

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