Keyword → homebuilders stocks

Trump Imposes 50% Section 338 Tariffs on Canadian Goods — Wine, Cement, Machinery Hit in Retaliation for Alcohol and Dairy Discrimination

President Trump signed three Section 338 proclamations imposing a 50% tariff on a range of Canadian imports — including wine, hockey sticks, cement, and electrical equipment — covering roughly $20 billion in goods. The levies take effect in 30 days and apply even to USMCA-compliant goods, marking one of the steepest unilateral trade actions the US has taken against any ally. Energy, potash, and critical minerals are exempted. Canadian PM Carney pledged to defend workers.