U.S. Slaps 50% Tariffs on Canadian Goods | Denver News

The U.S. just slapped a 50% tariff on Canadian goods like alcohol, dairy, paper, and hockey sticks after trade talks collapsed — and Canada’s preparing its own retaliatory tariffs starting September 8th. The White House blames Canada for unfairly hurting American exports, especially in alcohol, dairy, and paper. Economists say while prices may rise for these items, inflation won’t explode broadly, as businesses might absorb some costs to avoid hitting consumers. These tariffs are authorized under the 1930 Tariff Act, targeting trade discrimination — and if Canada responds symmetrically, the economic disruption could stay contained. This is just the opening move in a tense trade chess match. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c80fdc2189f8ad18