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Politics

Trump announces bans on some Canadian alcohol and new tariffs on cheese and other goods

President Donald Trump announced new tariffs and some outright bans on Canadian goods. The bans, set to take effect September 29, impact many kinds of Canadian alcohol, some motorcycles, some dairy products, molasses, and nonalcoholic beer.

Trump announces bans on some Canadian alcohol and new tariffs on cheese and other goods

President Donald Trump announced new tariffs and some outright bans on Canadian goods. The bans, set to take effect September 29, impact many kinds of Canadian alcohol, some motorcycles, some dairy products, molasses, and nonalcoholic beer. The new 50% tariffs, set to take effect September 15, cover a broad range of Canadian cheeses, manufacturing materials like some steel and aluminum products, golf carts, and certain types of furniture, among other goods.

The White House said the bans were 'in response to continued discrimination against the commerce of the United States' regarding dairy, alcohol, and motor vehicles. It's the latest development in Trump's trade war with Canada, which began last year after he announced broad tariffs on Canadian imports. Tensions flared last month when the US imposed a new wave of 50% tariffs, including on alcohol, construction materials, and hockey equipment, after American and Canadian officials failed to strike a deal in negotiations.

Canada retaliated with additional tariffs on US goods, targeting cheese, honey, and aluminum foil, among many more. Alcohol became a major flash point in the trade war when some Canadian provinces pulled American alcohol from their shelves last year in response to US tariffs. Trump cited Canada's treatment of American alcohol in announcing his new ban, which could impact several Canadian-made products popular in the US, like Canadian whiskies.

Source: Business Insider

Distributed to Finance · GA Daily Post by RedPress.

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