US slaps new 50% tariffs on Canadian products
President Donald Trump announced a 50% tariff on a wide range of Canadian imports, citing discriminatory treatment of U.S. goods. This marks the first use of Section 338 of the Tariff Act of 1930 in nearly a century and will affect products including wine, cement, and dairy, taking effect in 30 days. Canadian Prime Minister Mark Carney criticized the tariffs, stating they violate the North American trade pact and have raised costs for American families.