Honey. Makeup. Christmas decorations. And hockey sticks.
When first announcing the planned 50% tariffs last month, Trump said that the new taxes would be levied on Canadian products ranging from hockey sticks to wine. And the list is long – covering more than 550 goods.
Countermeasures are also around the corner. All the while, Trump has made more threats to escalate his trade war with America’s northern neighbor, notably suggesting he could hike already steep US import taxes on automobiles next year. Cars and auto parts, as well as energy products, were excluded from Trump’s latest round of tariffs – but remained key sticking points in negotiations that later crumbled at the eleventh hour over the weekend.
The wide scope (and at times incredibly specific) list of goods now levied at 50% means that consumers could see price hikes in many different shopping aisles, as well as other core expenses like home-building.
Canada’s Prime Minister Mark Carney has promised to roll out “dollar for dollar” retaliation next month.
