The United States announced 50% tariffs on Canadian imports including wine, hockey sticks, dairy, and autos on July 21, 2026, invoking Section 338 of the Tariff Act of 1930. Canadian PM Carney signaled readiness for talks while threatening retaliation. The move follows the non-renewal of the USMCA and deepens bilateral trade tensions.
- The US imposed 50% tariffs on Canadian wine, hockey sticks, dairy, and autos under Section 338 of the Tariff Act of 1930.
- Canadian PM Carney signaled willingness to negotiate while threatening retaliatory measures.
- The tariffs exempt energy, potash, and critical minerals but cover USMCA goods.
- Legal challenges are expected as experts consider the invoked law defunct.