U.S. Hits Canadian Goods with 50% Import Taxes as Trade Barriers Grow

On July 20, 2026, the U.S. slapped 50% tariffs — taxes on imported goods — on $20 billion of Canadian products, including wine, per Reuters. July 22 brings 25% taxes on most Brazilian imports. A planned 12.5% tax would cover 60 countries across three continents. Importers either eat the cost or raise prices for shoppers.