thailandedition
Trump Imposes 50% Tariffs on Most Canadian Goods

Trump Imposes 50% Tariffs on Most Canadian Goods

Khaosod•International•52m ago

Reader Briefing

President Donald Trump has imposed a 50% tariff on most Canadian goods due to alleged unfair discrimination against American products.

  • •President Donald Trump signed three proclamations to implement 50% tariffs on most goods from Canada.
  • •The tariffs exclude energy products, potash, fish, and critical minerals.
  • •The measure is implemented under Section 338 of the 1930 Trade Act.
  • •The new tariff rates are scheduled to take effect in 30 days.

Overview

  • •President Donald Trump announced the collection of 50% customs duties on most goods from Canada.
  • •President Donald Trump stated Canada unfairly discriminated against American autos, alcohol, and dairy products.
  • •President Donald Trump signed three proclamations to launch tariffs under Section 338 of the 1930 Trade Act.
  • •Democratic lawmakers proposed repealing Section 338 last year due to concerns that President Donald Trump could use it to destabilize the economy.
  • •The 50% tariff excludes energy products, potash, fish, and critical minerals, but includes goods previously protected by the USMCA.
  • •The United States did not renew the USMCA trade pact from 2020, triggering new negotiations that could last until 2036.
  • •The White House stated the 50% tariff rate will take effect in 30 days.
  • •The movement may cause new economic turmoil, including risks of inflation and increased international tensions.

Full article content is available on the original source.

Read on Khaosod (Thai Version)

Source: Khaosod (Original)

View Original Article

Key Entities

Person

Donald Trump(โดนัลด์ ทรัมป์)ℹ️
President of the United States who signed proclamations to increase tariffs on Canadian goods.
Mark Carneyℹ️
Prime Minister of Canada.

Place

United States(สหรัฐอเมริกา)ℹ️
The country led by President Donald Trump that is imposing tariffs on Canada.
Canada(แคนาดา)ℹ️
The country facing 50% tariffs on most of its goods exported to the United States.
China(จีน)ℹ️
One of the few countries mentioned as having retaliated against previous tariffs by President Donald Trump.

Organization

AP(เอพี)
The news agency that reported on President Donald Trump's announcement.
Democratic Party(พรรคเดโมแครต)
The opposition party whose members proposed repealing Section 338 of the 1930 Trade Act.
White House(ทำเนียบขาว)ℹ️
The office that provided a fact sheet stating the tariffs would take effect in 30 days.
Reuters(REUTERS)ℹ️
An organization associated with photo credits in the report.

Law

Section 338 of the 1930 Trade Act(มาตรา 338 ของกฎหมายการค้าปี 2473)
The legal provision used by President Donald Trump to implement the tariffs.

Policy

United States-Mexico-Canada Agreement(ข้อตกลงการค้าสหรัฐ-เม็กซิโก-แคนาดา)ℹ️
A 2020 trade pact (USMCA) not renewed by the United States, leading to new negotiations.