U.S. 50% Tariffs on $20B in Canadian Goods Signal Expanding Trade Wall

On July 20, 2026, the U.S. imposed 50% tariffs on $20 billion of Canadian products, including wine, Reuters reports. July 22 brings 25% duties on most Brazilian imports. A proposed 12.5% levy would cover 60 economies across three continents. Importers either absorb the cost or pass it through to consumers at the register.