United States to impose new tariffs on trade partners and Canada

U.S. Trade Representative Jamieson Greer announced that the administration is preparing new tariffs covering approximately 60 economies, with potential impacts on the European Union. These measures follow investigations into forced labor practices, with outcomes expected by the end of July 2026. Separately, President Donald Trump signed an executive order imposing 50% tariffs on a range of Canadian goods, citing discriminatory trade practices in sectors such as automobiles, dairy, and alcohol. These Canadian tariffs, which take effect in one month, invoke Section 338 of the Tariff Act of 1930 and reportedly cover $20 billion in imports. Key sectors including energy, fishing, and rare earths are explicitly exempted from the Canadian tariffs. While Washington claims Ottawa has failed to meet trade commitments, a 2023 arbitration ruling under the USMCA agreement previously supported Canadian policies regarding dairy quotas. Administration officials clarified that these new measures are unrelated to President Trump's recent threats regarding cross-border wildfire smoke. These actions mark a significant shift in U.S. trade policy as the administration seeks to replace previous tariffs struck down by the Supreme Court.