Tariffs and Tantrums: Canada's High Stakes Gamble The clock is ticking for Canadian officials as they scramble to negotiate a reprieve from 50 percent tariffs imposed by the US on its exports.
The stakes are high, not just because of the billions of dollars in goods at risk, but also because of the emotional and reputational toll that this trade war has taken on Canada.
The latest tariffs, invoked under Section 338 of the Tariff Act of 1930, target goods normally eligible for duty free treatment under the US Mexico Canada Agreement (USMCA).