Trump to impose 50% tariffs on Canada
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A federal tariff struck down by a U.S. trade court is set to expire on its own terms July 24, even as the Trump administration presses ahead with new import taxes under a different legal authority. The 10% global tariff,
Trump signed three Proclamations pursuant to Section 338 of the Tariff Act of 1930 to impose additional 50% tariffs on certain goods of Canada in res
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A separate U.S. probe into forced-labor enforcement could see an additional 12.5% duty on Brazilian goods on top of the 25%, with the decision due next week.
“The Middle East conflict is really driving more inflation…so we are going to use the majority of the tariff refund to offset these higher costs,” the McCormick & Company CFO said.
The Brazilian government has delayed plans to invoke its Reciprocity Law after the United States imposed a 25% tariff on Brazilian exports.
The US president raised the issue with the the Canadian prime minister while the pair attended the World Cup Final in New Jersey.
