Trump imposes new 50% tariffs on some Canadian goods; Carney calls it a breach of the trade pact

On Monday, 20 July 2026, US President Donald Trump signed three proclamations under Section 338 of the Tariff Act of 1930, imposing an additional 50 percent tariff on a set of goods imported from Canada. The White House described the move as a response to what it called Canada's discriminatory treatment of American products.

The tariffs cover a range of goods, from wine and hockey sticks to cement, take effect in 30 days, and apply regardless of whether a good originates under the US-Mexico-Canada Agreement. Canadian Prime Minister Mark Carney called the decision the latest in a series of unilateral US trade actions that violate the pact and said Ottawa stands ready to intensify talks to resolve the dispute. An escalating trade dispute between two of the world's largest economic partners can weigh on global market risk sentiment and the value of the dollar.