Trump’s new 50% tariffs on some Canadian goods have taken effect, which could make several products more expensive for Americans. The tariffs started at 12:01 a.m. Saturday after US-Canada trade talks broke down.
The Trump administration had threatened the 50% tariffs on a wide range of Canadian products.
Trump first announced the new tariffs last month, saying they were needed to “offset Canadian discrimination”, according to Business Insider. Canadian hockey brands including Bauer Hockey, CCM Hockey and Sherwood could be affected, but not every product from these companies will necessarily face the tariff, according to Business Insider. Some wooden hockey sticks made by Sherwood in Canada could be affected, according to the company. Trump had earlier said a trade deal with Canada was close. However, Carney said the US made last-minute changes that Canada considered unfair.
Canadian Prime Minister Mark Carney announced dollar-for-dollar counter-tariffs on American imports, according to Business Insider. Carney announced just before midnight Friday that Canada was suspending the trade negotiations, according to Business Insider. US consumers could feel the impact through higher prices if American companies pass the higher import costs on to shoppers. Hockey equipment is also on the affected list, including hockey sticks and gloves. This could matter for American consumers who buy Canadian-made hockey gear. Some Canadian hockey brands make their products outside Canada, including in countries such as China and Vietnam. Those products may not be covered by the new Canada-specific tariffs. The tariff list is much larger than just alcohol, dairy and hockey equipment. It also covers products across areas such as agriculture, clothing, construction, electronics and other consumer goods. Canada is responding with its own tariffs on US products . The latest tariffs came after US-Canada trade talks collapsed Friday night. US and Canadian officials had spent the week trying to reach a deal to avoid the new tariffs.
