StreetInsider.com News Articles

Trump imposes 50% tariff on Canadian goods over alcohol ban

Mon, 20 Jul 2026 17:04:23 -0400

President Donald Trump signed a proclamation on July 20, 2026, imposing a 50% additional ad valorem duty on certain Canadian products, citing Canada's ban on U.S. alcoholic beverages as an unreasonable and discriminatory trade practice.

The tariffs, set to take effect at 12:01 a.m. eastern time on August 19, 2026, are authorized under Section 338 of the Tariff Act of 1930, which allows the president to impose duties to offset burdens placed on U.S. commerce by foreign discrimination.

According to the proclamation, Canadian provinces and territories began halting purchases, distribution, and retail of U.S. alcoholic beverages in March 2025. Ontario's Liquor Control

Trump imposes 50% tariff on Canadian goods over alcohol ban

Mon, 20 Jul 2026 17:04:23 -0400

According to the proclamation, Canadian provinces and territories began halting purchases, distribution, and retail of U.S. alcoholic beverages in March 2025. Ontario's Liquor Control

Trump orders 50% tariff on some Canadian goods over auto duties

Mon, 20 Jul 2026 17:02:53 -0400

President Donald Trump signed a proclamation imposing an additional 50 percent ad valorem duty on certain Canadian products, set to take effect at 12:01 a.m. Eastern time on August 19, 2026, citing Canada's tariff treatment of U.S.-made motor vehicles as discriminatory under Section 338 of the Tariff Act of 1930.

The action targets what the White House describes as Canada's unequal application of tariffs on U.S.-origin motor vehicles. Since April 9, 2025, Canada has maintained a 25 percent tariff on U.S. motor vehicles that do not qualify for duty-free treatment under the United States-Mexico-Canada Agreement. For vehicles that do qualify, Canada

Trump signs proclamations imposing 50% tariffs on some Canadian goods

Mon, 20 Jul 2026 17:02:07 -0400

(Updated - July 20, 2026 5:02 PM EDT)

President Donald Trump signed three proclamations under Section 338 of the Tariff Act of 1930, imposing 50% tariffs on certain Canadian imports in response to what the administration describes as Canada's discriminatory treatment of American products.

The tariffs, which take effect 30 days after signing, cover a broad range of goods including wine, hockey sticks, and cement. Notably, the measures apply regardless of whether goods qualify under the U.S.-Mexico-Canada Agreement (USMCA). Exemptions include energy, potash, fish, critical minerals, and products already subject to Section 232 tariffs.

According to the White House press release, Canadian imports

Trump signs proclamations imposing 50% tariffs on some Canadian goods

Mon, 20 Jul 2026 17:02:07 -0400

(Updated - July 20, 2026 5:02 PM EDT)

According to the White House press release, Canadian imports

Trump signs proclamations imposing 50% tariffs on some Canadian goods

Mon, 20 Jul 2026 17:02:07 -0400

(Updated - July 20, 2026 5:02 PM EDT)

According to the White House press release, Canadian imports

Trump takes aim at Canada over wildfire smoke

Fri, 17 Jul 2026 15:42:04 -0400

Investing.com -- President Donald Trump is taking a hard line against America’s northern neighbor, threatening to slap Canada with steeper tariffs as smoke from more than 800 active Canadian wildfires chokes multiple U.S. states.

Calling the influx of hazardous smoke an "invasion" of polluted air, Trump announced Friday that he will directly confront the Canadian Prime Minister over what he described as "willful negligence."

The President slammed the Canadian government for refusing to implement basic forest management and debris removal, pointing out that these massive, cross-border smoke events have become an unacceptable yearly crisis. Demanding accountability, Trump stated

Trump takes aim at Canada over wildfire smoke

Fri, 17 Jul 2026 15:42:04 -0400

Calling the influx of hazardous smoke an "invasion" of polluted air, Trump announced Friday that he will directly confront the Canadian Prime Minister over what he described as "willful negligence."

Trump takes aim at Canada over wildfire smoke

Fri, 17 Jul 2026 15:42:04 -0400

Calling the influx of hazardous smoke an "invasion" of polluted air, Trump announced Friday that he will directly confront the Canadian Prime Minister over what he described as "willful negligence."

Trump: Will Call Carney About Wildfires

Fri, 17 Jul 2026 15:26:29 -0400

Trump: We are holding Canada responsible for the fact that they are not properly maintaining their Forests, and Brush therein, and the United States is being unnecessarily invaded by filthy, polluted, and unhealthy air, the quality of which is dangerous, and totally unacceptable! I will call the Prime Minister during the day to find out what they are going to do about it. The cost is incalculable! Canada has refused to engage in basic Forest Management and Debris Removal, knowing that such refusal will lead to exactly this result. This is Willful Negligence, and becoming a yearly occurrence, costing the

Trump: Will Call Carney About Wildfires

Fri, 17 Jul 2026 15:26:29 -0400

US's Greer Says Usmca Shifting To Rolling Talks, No Renewal - Bloomberg

Wed, 01 Jul 2026 11:31:45 -0400

(Updated - July 1, 2026 11:31 AM EDT)

US's Greer Says Usmca Shifting To Rolling Talks, No Renewal - Bloomberg

Greer: No Direct Us Talks On Auto Specifics With Canada Yet
Greer Says Usmca Has ‘Substantial’ Issues To Resolve

US's Greer Says Usmca Shifting To Rolling Talks, No Renewal - Bloomberg

Wed, 01 Jul 2026 11:31:45 -0400

(Updated - July 1, 2026 11:31 AM EDT)

US's Greer Says Usmca Shifting To Rolling Talks, No Renewal - Bloomberg

Greer: No Direct Us Talks On Auto Specifics With Canada Yet
Greer Says Usmca Has ‘Substantial’ Issues To Resolve

Bank of Canada maintains policy rate at 2.25%

Wed, 18 Mar 2026 09:45:54 -0400

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

The war in the Middle East has increased volatility in global energy prices and financial markets, and heightened the risks to the global economy. The breadth and duration of the conflict, and hence its economic impacts, are highly uncertain.

Prior to the war, the global economy was on pace to grow at around 3%, as expected in the January Monetary Policy Report (MPR). Economic growth in the United States has moderated but remains solid, driven by

BoC blames turbulent U.S. trade policy for resurgence in economic risk

Wed, 11 Feb 2026 14:58:45 -0400

Investing.com -- The Bank of Canada opted to maintain its benchmark interest rate at 2.25% last month, pointing to a deteriorating geopolitical landscape and unpredictable U.S. trade maneuvers. Governing Council members noted that recent American actions regarding trade, foreign policy, and central bank independence have made the global environment "more turbulent" and escalated economic uncertainty.

A summary of deliberations released Wednesday reveals a central bank caught between resilient domestic demand and a darkening international horizon shaped by protectionist shifts. "The prospects for global growth were vulnerable to unpredictable US trade

BoC blames turbulent U.S. trade policy for resurgence in economic risk

Wed, 11 Feb 2026 14:58:45 -0400

House Democrats May Move To Overturn Canada Tariffs - Punchbowl

Mon, 09 Feb 2026 14:41:03 -0400

House Democrats May Move To Overturn Canada Tariffs - Punchbowl

Democrats May Force Vote On Canada Tariffs Wednesday: Punchbowl
Punchbowl Cites Sources Familiar With House Democrat Plans

House Democrats May Move To Overturn Canada Tariffs - Punchbowl

Mon, 09 Feb 2026 14:41:03 -0400

House Democrats May Move To Overturn Canada Tariffs - Punchbowl

Democrats May Force Vote On Canada Tariffs Wednesday: Punchbowl
Punchbowl Cites Sources Familiar With House Democrat Plans

Trump: Canada is against The Golden Dome being built over Greenland

Fri, 23 Jan 2026 15:19:14 -0400

Trump: Canada is against The Golden Dome being built over Greenland, even though The Golden Dome would protect Canada. Instead, they voted in favor of doing business with China, who will “eat them up” within the first year!

Trump: Canada is against The Golden Dome being built over Greenland

Fri, 23 Jan 2026 15:19:14 -0400

BofA shifts to neutral on USD/CAD as loonie hits fair value

Thu, 08 Jan 2026 13:56:42 -0400

Investing.com -- The Canadian dollar may have exited 2025 with a renewed sense of stability, but Bank of America Securities warns that the currency’s rapid ascent may have run its course for the immediate future. In a new analysis, Howard Du, CFA at BofA, suggests that after a tumultuous year defined by trade anxiety and shifting labor dynamics, the USD/CAD pair has reached a point of equilibrium.