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Section 338 Tariff Act

All articles tagged with #section 338 tariff act

Last‑minute push to seal US‑Canada trade pact before tariffs kick in
business14 days ago

Last‑minute push to seal US‑Canada trade pact before tariffs kick in

The U.S. and Canada are racing to finalize a trade deal before a 12:01 a.m. ET Saturday deadline to avert 50% tariffs on about $20 billion of Canadian imports, after an eleventh-hour delay by Trump. Talks in Washington involve top Canadian negotiators and U.S. officials, with Metals tariffs on steel, aluminum, and lumber remaining a sticking point and potential concessions on autos and a revived Keystone XL pipeline on the table. A final agreement had not been reached as of now.

Trump Imposes 50% Tariffs on Canadian Goods Over Trade Discrimination Claims
business1 month ago

Trump Imposes 50% Tariffs on Canadian Goods Over Trade Discrimination Claims

President Trump signed three proclamations slapping 50% tariffs on a broad set of Canadian imports under Section 338 of the Tariff Act, in response to alleged trade discrimination against U.S. products; the measures cover items from motor vehicles and dairy to wine, hockey sticks, and cement, and will take effect 30 days after signing as the U.S. seeks to level the playing field for American exports.