#USTariffsOnCanadianGoodsTakeEffect
🚨 U.S.-CANADA TRADE TALKS JUST COLLAPSED — AND 50% TARIFFS ARE NOW LIVE. 🇺🇸🇨🇦
Fresh 50% U.S. tariffs on roughly $20B of Canadian goods took effect Saturday after last-minute negotiations failed.
Canada’s Prime Minister Mark Carney has suspended trade talks and promised to retaliate “dollar for dollar.”
The tariffs cover around 569 product categories, including dairy, alcohol, vehicles, cement and hockey gear — even some goods that would normally receive duty-free treatment under USMCA.
And there’s another wrinkle: the tariffs rely on Section 338 of the 1930 Tariff Act, a provision no U.S. president has previously used this way. Legal challenges are likely.
For markets, the big question is whether this becomes a prolonged trade fight or pushes both sides back to the negotiating table.
👀 Watch the dollar, equities and broader risk sentiment.
$TRUMP
$BEAT
$US
#Tariffs #USCanada #TradeWar #Markets #Macro
🚨 U.S.-CANADA TRADE TALKS JUST COLLAPSED — AND 50% TARIFFS ARE NOW LIVE. 🇺🇸🇨🇦
Fresh 50% U.S. tariffs on roughly $20B of Canadian goods took effect Saturday after last-minute negotiations failed.
Canada’s Prime Minister Mark Carney has suspended trade talks and promised to retaliate “dollar for dollar.”
The tariffs cover around 569 product categories, including dairy, alcohol, vehicles, cement and hockey gear — even some goods that would normally receive duty-free treatment under USMCA.
And there’s another wrinkle: the tariffs rely on Section 338 of the 1930 Tariff Act, a provision no U.S. president has previously used this way. Legal challenges are likely.
For markets, the big question is whether this becomes a prolonged trade fight or pushes both sides back to the negotiating table.
👀 Watch the dollar, equities and broader risk sentiment.
$TRUMP
$BEAT
$US
#Tariffs #USCanada #TradeWar #Markets #Macro