Canada braces for US tariffs threatening jobs
OTTAWA: Canada faces a new round of 50% US tariffs this week that businesses say could cause job losses in some already struggling industries, while complicating broader negotiations over the future of North America’s free trade agreement.US President Donald Trump last month invoked Section 338 of a Depression-era US law called the Tariff Act of 1930 to impose duties starting today on a range of Canadian imports including wine, furniture, dairy products, cement, clothing, fishing rods, hockey equipment and some other goods.That provision permits Trump to impose punitive tariffs of up to 50% against trading partners deemed to have discriminated against US goods.Trump’s unprecedented use of this power is part of his hardline approach toward trade with Canada since he returned to the presidency last year. Canada is the No 2 trading partner of the United States, behind only Mexico.The tariffs would cover nearly US$20bil of Canadian goods, amounting to about 5.2% of the US$383bil worth of goods the United...







