Trump Orders 50% Tax on Canadian Goods Using 1930 Law

On July 21, 2026, President Trump ordered a 50% tax on many Canadian goods — tariffs paid by importing companies. He used a 1930 law linked to worsening the Great Depression. The tax starts in 30 days, pending negotiations. Energy, minerals, potash, and fish are exempt. It is a rare use of this old law against Canada, a close ally and trade partner.