US Tariffs on Canada: 50% Tariffs on $20B Goods Kick In Wednesday

A new tariff deadline looms Aug 19: 50% tariffs on $20B of Canadian goods (lumber, dairy, etc.) using a novel Section 338 statute after the Supreme Court struck down earlier tariffs. This adds legal uncertainty and could pressure homebuilders and consumer staples. Traders should watch for last-minute deals or legal challenges. Aligns with broader trade policy risk.