U.S. President Donald Trump’s move to impose 50 percent tariffs on a range of Canadian exports has sparked alarm across the country. But according to a leading trade economist, the actual economic impact may be far less dramatic than the eye-popping headline number suggests.
On Monday, Trump signed three proclamations under Section 338 of America’s Tariff Act of 1930—a provision unused for decades—imposing the new duties in response to what the administration calls Canada’s discriminatory treatment of American motor vehicles, alcohol, and dairy products.
