U.S. proposes new 10% levy on Canada, other countries, as Trump looks to rebuild tariff wall
The U.S. is proposing a new 10% tariff on Canada and other countries as part of an effort to rebuild its tariff wall. This move follows a Supreme Court ruling that limited the administration's previous tariff powers. The proposed tariffs are aimed at countries accused of failing to curb imports of goods made with forced labor, although exemptions exist for USMCA-compliant products from Canada and Mexico.
- ▪The U.S. plans to impose new tariffs of at least 10% on dozens of trade partners.
- ▪Canada is among six economies identified for failing to enforce a prohibition on goods produced with forced labor.
- ▪The proposed tariffs will undergo a public comment and review period before taking effect.
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Open this photo in gallery:A view of newly imported cars at the Port of Los Angeles's automobile terminal in Wilmington, Calif., last month. Washington said it plans to impose new tariffs of at least 10 per cent on dozens of trade partners.Mario Tama/Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThe United States is proposing a new 10-per-cent tariff on Canada and other trading partners in an attempt to rebuild the tariff wall that was struck down by the U.S. Supreme Court earlier this year. However, the proposed tariff appears to maintain an exemption for Canadian products that comply with the rules of the continental trade agreement – a carve-out that would significantly reduce the bite of the tariffs. Late Tuesday evening, the U.S.
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