Why Trump Is Hitting Canada With 50% Tariffs
By CNBC
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On August 19, the U.S. will begin to levy 50% tariffs on Canadian exports of cars, dairy, alcohol among other products. The White House said these higher tariff rates come in response to Canada’s discriminatory treatment of U.S. products. The move also coincides with ongoing USMCA trade negotiations and a broader effort to rebuild Trump's global tariff regime previously struck down by the U.S. Supreme Court. CNBC's Megan Cassella reports. Reporter: Megan Cassella Produced, Shot and Edited by: Carlos Waters Produced by: Ashlee Trujillo Additional Editing: Andrea Miller Animation: Emily Park Senior Managing Producer: Shawn Baldwin Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and mor
Tags: Canada, United States, CNBC, Megan Cassella, economy, economist, tariffs, Section 338, Tariff Act of 1930, Smoot Hawley, Congress, alcohol, dairy, cars, motor vehicles, fair trade, free trade, Donald Trump, international economics, news
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