How Trump's new trade war with Canada affects everything from building new homes to dog jackets
The tariff war between the US and Canada has started back up.
David Ryder/Bloomberg via Getty Images The US-Canada tariff war has flared up again, with Trump imposing a fresh set of 50% levies.
Goods like alcohol and plywood are affected, but US employment likely won't be hit too hard.
Canadian employment could take a hit, and tariffs will affect businesses caught in the back-and-forth.
It's tariff time in America and Canada — again.
On Saturday, after trade talks between Canada and the US collapsed, the Trump administration imposed 50% tariffs on a slew of Canadian items , including alcohol and hockey equipment.
Canadian Prime Minister Mark Carney has already announced a dollar-for-dollar counter-tariff, marking yet another bumpy moment in tensions between the two formerly friendly neighbors.
The specificity of the tariffs means that different sectors of the economy — and your everyday purchases — will get hit unevenly.
The tariffs affect alcohol, milk, plywood, and more.
For consumers craving Canadian whisky or finally getting around to home renovations, that might mean a bigger bite out of their wallets.
Census Bureau data showed that paper and paper products alone accounted for $3.3 billion of the roughly $382 billion in goods imported from Canada to the US last year.
On top of Saturday's announcement, President Donald Trump wrote on Truth Social on Monday that tariffs on cars, trucks, automotive parts, and steel from Canada will rise to 50% in January 2027.
Passenger cars accounted for about $25 billion of imported goods last year.
Debbie Safran, the owner of Houndstooth Pet Boutique in Burlington, Vermont — which is situated about 45 miles away from the Canadian border — said she's worried about a shipment of her favorite winter coats for dogs.
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