Trump Hits Canada with New Tariffs Up to 50% on Hockey Sticks, Other Goods

The U.S. is moving to impose additional tariffs of up to 50% on a slate of Canadian imports, senior Trump administration officials said, per CNBC. Officials described the measures as retaliation for what Washington calls persistent trade discrimination against key U.S. products and industries. DKS stock could be affected.

President Donald Trump has signed three separate proclamations targeting different categories of Canadian goods with the new duties, according to officials who briefed reporters. The tariffs are being imposed under Section 338 of the Tariff Act of 1930, which allows the president to levy "new or additional duties" of up to 50% on imports from countries that discriminate against U.S. commerc...