50% U.S. Tariffs on $20 Billion in Canadian Imports Take Effect August 19 Under First-Ever Section 338 Action

A 50% ad valorem tariff on approximately $20 billion in Canadian exports to the United States takes effect at 12:01 a.m. ET on August 19, marking the first time in U.S. trade history that Section 338 of the Tariff Act of 1930 has been used to impose duties. The three presidential proclamations, signed July 20, …