Trump imposes 50% tariffs on Canadian goods, citing disputes over autos, alcohol and cheese07/21/2026WASHINGTON (AP) — President Donald Trump has imposed 50% tariffs on most Canadian goods, declaring that Canada has unfairly discriminated against American autos, alcohol and dairy products. The move, announced Monday, could unleash a new wave of economic chaos, with risks of higher inflation and further fraying of relations between two nations that had been closely woven together before Trump’s return to the White House. The administration official previewing the action said that Canada was one of the only nations other than China that retaliated against Trump’s previous tariffs and must be held accountable.