U.S. imposes new 50% tariffs on $20-billion worth of Canadian products

Trump unveiled 50% tariffs on a broad set of imports from Canada, citing discriminatory treatment of U.S.-made cars, alcohol, and dairy. The move threatens to broaden a global trade war and escalate cross-border supply chain and pricing risks. Market impact is likely high given the tariff’s breadth and potential spillover to manufacturing and consumer-goods costs.