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Business

Here are your favorite products hit by Trump’s new 50% tariffs on Canada

Business Insider ·
Here are your favorite products hit by Trump’s new 50% tariffs on Canada

Popular Canadian whisky brands will be hit by the new tariffs.

GMVozd/Getty Images Trump's new 50% tariffs on some popular goods from Canada took effect Saturday morning.

The tariffs apply to goods ranging from alcohol to construction materials to hockey equipment.

Mark Carney later announced retaliatory tariffs at a news conference on Saturday.

Your shots of Fireball could soon get pricier.

The Trump administration's threatened 50% tariffs on some popular Canadian goods went into effect Saturday morning after trade talks with its northern ally fell apart the night before.

Canadian Prime Minister Mark Carney later announced a series of dollar-for-dollar counter-tariffs on imported US goods.

Those tariffs will apply to industries including dairy, steel, appliances, agricultural equipment, pulp and paper, and electronics, Carney said at a press conference in Ottawa.

"We take this step reluctantly," Carney said.

"We recognize that it will raise costs and reduce choice for Canadians." President Donald Trump first announced the new round of tariffs last month to "offset Canadian discrimination." US and Canadian officials had been working on a deal to avoid the tariffs all week.

Trump said in a Truth Social post earlier in the week that the deal was close.

Carney, however, announced in a statement released just before midnight on Friday that he was suspending trade negotiations after he said the United States proposed "last-minute changes" that were "unfair." "We have recognized from the beginning that America has changed, and that we will not return to our old relationship," Carney wrote.

The new tariffs are the latest in the ongoing trade dispute between Canada and the United States.

Trump first ordered new tariffs on Canadian goods in early 2025, to which Canada responded with retaliatory tariffs of its own.

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5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.businessinsider.com — the content belongs to Business Insider.

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