On July 21, the US announced 50% tariffs on select Canadian goods including wine, dairy, and autos, while exempting energy and critical minerals. Canadian PM Carney signaled readiness for talks but threatened retaliation. The move invokes Section 338 of the Tariff Act of 1930, which legal experts consider defunct, and legal challenges are expected.
- The US imposed 50% tariffs on Canadian wine, hockey sticks, dairy, and autos, with exemptions for energy, potash, and critical minerals.