Trump's 50% Canada Tariffs Land as USMCA Review Expires With No Successor Pact

On July 20, 2026, President Trump imposed 50% tariffs on Canadian goods using Section 338 of the Tariff Act of 1930 — a statute rarely invoked in modern trade. The duties arrive one day before Prime Minister Carney's self-imposed July 21 deadline for a new trade agreement — a date the U.S. never endorsed. The USMCA review date of July 1 has passed with no successor pact in place.