Trump's 50% Tariffs on Canadian Goods Hit Honey, Hockey Sticks

The United States has imposed a 50% tariff on over 550 Canadian products, affecting roughly $20 billion in goods, effective Saturday. The new import tax could raise consumer prices across many sectors. The tariffs, based on a never-before-used 1930 law, target items from honey and makeup to hockey sticks and Christmas decorations. Canada has promised dollar-for-dollar retaliation on U.S. goods starting September 8. Further escalation is possible, with threats of new auto tariffs in 2027 and Ontario considering cutting electricity exports. The move follows failed negotiations and accusations of unfair trade practices.