August 26, 2026

Trump Tariffs

Canada retaliates against U.S. tariffs with dollar-for-dollar levies www.washingtontimes.com
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Canada is retaliating against President Trump’s 50% tariffs on Canadian products, threatening a dollar-for-dollar counterattack beginning Sept. 8.

The U.S. imposed tariffs on about $20 billion worth of goods from its northern neighbor following the collapse of trade negotiations. In response, Canadian Prime Minister Mark Carney announced he’s suspending talks and implementing retaliatory tariffs.

“Late last evening I instructed our negotiators to return to Ottawa. We cannot accept what the U.S. has offered, and we will not give what they have asked,” he said in a Saturday statement. “Canada will match the U.S.’ new tariffs dollar for dollar in order to protect Canadian workers, farmers, families, and businesses.”

He added that in the coming days, “we will release the details of these new tariff measures, which will come into force the Tuesday after Labor Day.”

Canada’s new tariffs will target steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.

Washington “asked too much and offered too little,” Mr. Carney said.

Ottawa and Washington head for all-out trade war www.cnbc.com
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The Canadian dollar fell on Monday morning after trade talks between Ottawa and Washington fell apart, leaving both sides facing higher prices on a wide array of imported goods.

The U.S. on Saturday slapped 50% tariffs on around $20 billion worth of imports from Canada, its second-biggest trading partner after Mexico. The affected goods span dairy, wine, wood products, ceramics and a slew of other areas.

Canadian Prime Minister Mark Carney said he would retaliate “dollar for dollar” with tariffs starting Sept. 8, targeting sectors such as steel, dairy, agricultural equipment, paper and electronics. Details will be released “in the coming days,” Carney added.

The Canadian dollar was 0.45% lower against the U.S. dollar at 6:10 a.m. ET. The loonie also dipped against the euro, British pound and Japanese yen.

“As a smaller, more open economy, Canada has more to lose from this, but Prime Minister Mark Carney seems to have opened the door to more fiscal stimulus to support affected business,” FX strategists at bank ING wrote in a Monday note.

Canada Strikes Back at President Trump With Major New Tariffs on US Goods townhall.com
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Canada has escalated its trade dispute with the United States, announcing retaliatory tariffs after President Trump imposed 50 percent duties on roughly $20 billion in Canadian imports on Saturday.

“Today I’m announcing that Canada will match the United States tariffs dollar for dollar, rate for rate,” Canadian Finance Minister François-Philippe Champagne said. “Effective September 8, Canada will impose counter tariffs of up to 15, 25 or 50 percent on 27.6 billion in imports from the United States of America. For each product, our tariff would match the American tariff on the same type of Canadian good.”

Trump slaps new tariffs on drones, including from some key U.S. allies – National globalnews.ca
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U.S. President Donald Trump said on Thursday he will impose tariffs on imports of drones and their components, including from some key U.S. allies, with the Trump administration saying the country was “too reliant” on foreign sources of drones.

A proclamation signed by Trump imposes a 100% ad valorem tariff on drones of a certain size or with certain capabilities that are particularly sensitive for national security purposes, the White House said, adding that a tariff of 25% will be imposed on drones that are smaller in size.

A 15% tariff will be imposed on drones and components from the European Union, Japan, Liechtenstein, South Korea, Switzerland, and Taiwan, and a 10% ad valorem tariff will be imposed on drones from the UK, the White House added.

Trump has made tariffs a central pillar of his foreign and trade policies despite legal setbacks and criticism from some analysts.

U.S. says Canada among China’s ‘biggest enablers’ in avoiding Trump tariffs – National globalnews.ca
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A new White House trade report says the Trump administration considers Canada among China’s “biggest enablers” in avoiding U.S. tariffs through transshipment, a “modern form of smuggling” that the U.S. claims is costing billions in lost tax revenue.

The report released Thursday from the Office of Trade and Manufacturing Policy — titled “The Great Transshipment Scam” and featuring a timely image of a Trojan horse on the front page — accuses China of routing their exports through third countries with more favourable U.S. tariff rates.

An estimated 40 countries, including Canada, comprise a “shadow transshipment network” used by China, the report argues.

“In plain terms, illegal transshipment is smuggling disguised as trade — fraud cloaked in paperwork — and, in truth, nothing new,” the report says, adding what has changed is the “breadth, depth, and sophistication” of China’s network.

President Donald Trump appears prepared to utilize tariffs as a geopolitical tool once again. He announced a 50% tariff on Canada that came without warning. He followed up this announcement with more tariffs targeting multiple nations he accuses of practicing “forced labor.” This could indicate the administration believes it has a legal path to apply tariffs that doesn’t conflict with SCOTUS’ recent ruling on tariffs.

US imposes tariffs on dozens of trade partners over ‘forced labour’ imports www.bbc.co.uk
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The US is imposing new tariffs on around 60 trading partners accounting for the vast majority of its imports over claims they failed to properly stop forced labour.

The duties, ranging from 10% to 12.5%, target key economic partners – including the UK, China, EU, Canada, Japan and India. They come in on Friday, as a temporary 10% tax on foreign goods introduced earlier this year expires.

The move is the latest escalation in the global trade war reignited by US President Donald Trump when he returned to office last year.

The US Supreme Court ruled earlier this year that many of the tariffs imposed globally under emergency powers were illegally enacted.

So the president has since sought other legal avenues to pursue his flagship trade policy.

It was last month that the White House first proposed a series of 10-12.5% duties on goods arriving to American shores from dozens of countries over concerns they were not doing enough to tackle forced labour.

President Donald Trump appears prepared to utilize tariffs as a geopolitical tool once again. He announced a 50% tariff on Canada that came without warning. The administration is also signaling more tariffs on more countries are soon to follow. This could indicate the administration believes it has a legal path to apply tariffs that doesn’t conflict with SCOTUS’ recent ruling on tariffs.

US Hits Canada With 50 Percent Tariffs gellerreport.com
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The administration is responding to the retaliatory stance that Canada had retained toward the US:

“At the outset of the president’s trade policy, which he implemented early last year, there were only two countries that retaliated against the United States: the People’s Republic of China and Canada,” an official said. “Canada has retained substantial retaliation against the United States, as the U.S. imposes trade actions to re-industrialize, re-shore, and support its manufacturing. Specifically, Canada has to be held accountable for this continued discrimination,” the official continued (Townhall).

Financial Times: On Monday evening the administration published a list of specific goods that would be subject to the 50 per cent tariff, including milk and dairy products, alcoholic drinks, clothing and furniture…. The Trump administration will base the tariffs on Section 338 of the Tariff Act of 1930, which has never been used to impose duties on trading partners. A senior administration official said the law gave the president the authority to impose duties when a country discriminated against the US “relative to the treatment it gives a third country” (Financial Times).

Fact sheet: (White House).

Trump hits Canada with surprise 50% tariffs — and he didn’t warn Carney during their World Cup talk

By Emily Goodin, NY Post, July 20, 2026:

WASHINGTON — President Trump slapped a mammoth 50% tariff on certain Canadian goods — a move meant to combat what the administration described as the country’s “continuous discrimination” on American products.

The new tax will apply to a range of imports, including wine, hockey sticks, and cement and goes into effect in 30 days, but the administration indicated in a Monday briefing call that it was open for negotiations on the matter.

“Canada has retained substantial retaliation against the United States,” a senior administration official told reporters on a Monday briefing call.

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Often untethered to unfair foreign trade practices, President Donald Trump’s fetish for tariffs is foolish. Tariffs reduce prosperity and opportunity for the vast majority of the public in order to benefit far smaller numbers of Americans in specific industries. Still, tariffs have value when it comes to penalizing unfair economic activity by U.S. trade partners. Trump is thus right to now threaten new tariffs on the European Union and European nations over their threat to American technology companies.

In a social media post last Friday, Trump warned that European countries were discussing the “imminent” introduction of digital services taxes on U.S. technology giants. He added that any “country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the [U.S.].” While Trump’s 100% tariff rate is arbitrary, he is right to warn of robust action. Contrary to their claims of justified regulation, the European digital taxes in question serve a simple and wholly unjustified purpose: extorting American companies.

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A federal appeals court has approved of President Trump’s backup tariff plan — at least, for now.

On Thursday, the Court of Appeals for the Federal Circuit extended a block on a lower court ruling striking down the tariffs.

This means that President Trump can keep collecting 10% global tariffs under Section 122 temporarily as the further litigation continues.

Here are the details:

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President Donald Trump’s tariffs on steel have done something no Washington consensus would have predicted five years ago: they put American economic security back on the agenda and kept it there. That matters.

The conversation around trade has fundamentally shifted, and American workers and manufacturers are better positioned because of it.

But winning a strategic argument doesn’t mean every policy detail is perfectly calibrated from day one. There’s one corner of the food supply chain where a small fix would make the broader strategy work a lot harder, and ignoring it hands a quiet victory to exactly the foreign competitors the tariffs were designed to push back.

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U.S. importers, ranging from Target to Walmart, are due more than $160 billion in tariff refunds following a February Supreme Court decision as the Trump administration launches its claims filing portal Monday.

Hopes are high for a smooth launch of the system that will facilitate the refunds, but companies and Wall Street analysts are tempering their expectations that companies will get the money back quickly.

Trade lawyers are warning of bureaucratic hurdles, legal vulnerabilities, as well as the possibility of a last-minute appeal by the Trump administration.

“[Importers] are pessimistic that the government is going to make this easy. They’re anticipating that the government is going to make it as difficult as possible to get their money back,” said trade attorney Matthew Seligman, principal at Grayhawk Law.

“There’s frustration because the Supreme Court already ruled that these tariffs are unlawful,” he added.

Blurb:

Critical minerals are mined all over the world but the majority of the supply ends up passing through China. For a broad range of key metals and minerals, China is either the largest miner, the dominant refiner, or both. This is true for rare earths, lithium, cobalt, graphite, nickel, and many other metals and minerals that are essential to defense, energy and high-tech applications.

It is less about where ores are dug out of the ground and more about where they are turned into usable components. In other words, Chinese processing plants are essentially the gatekeepers of global supply.

Blurb:

President Donald Trump said his administration will continue pursuing tariffs through alternative legal authorities after the U.S. Supreme Court struck down a major portion of his administration’s tariff program earlier this year.

In a post on Truth Social, Trump criticized the ruling but emphasized that the decision did not eliminate his ability to impose tariffs through other laws.

“The Court knew where I stood, how badly I wanted this Victory for our Country, and instead decided to, potentially, give away Trillions of Dollars to Countries and Companies who have been taking advantage of the United States for decades,” Trump wrote.