Trump Slaps 50% Tariffs on Canada as Trade Pact Review Expires

On July 20, 2026, President Trump imposed 50% tariffs on Canadian goods under Section 338 of the Tariff Act of 1930, a rarely used trade statute. The duties hit one day before Prime Minister Carney's July 21 deadline for a new agreement—a date the U.S. never backed. The USMCA's July 1 review passed with no successor pact.