Trump revives dormant Smoot-Hawley authority

President Trump invoked an unused provision of the 1930 Smoot-Hawley Tariff Act to impose an additional 50% tariff on select Canadian imports, effective August. The administration says the measure responds to Canada's retaliation against earlier U.S. tariffs and will affect about $20 billion in Canadian goods. It is another setback for Canada after the administration declined to immediately renew the USMCA framework.