U.S. Imposes 50% Tariffs on Most Canadian Goods Amid Trade Disputes

The United States has imposed 50% tariffs on a wide range of Canadian goods, including autos, alcohol, and dairy products, citing Canada's alleged unfair treatment of American products. This move, which excludes energy products and critical minerals, is expected to take effect on August 19 and could escalate trade tensions between the two nations, potentially leading to higher inflation and economic uncertainty.