SignificantEconomyAxios·Axios

Trump administration consults unused 1930s law for tariff playbook

The Trump administration invoked Section 338 of the 1930 Smoot-Hawley Tariff Act to impose 50% duties on approximately $20 billion of Canadian imports. This action responds to alleged Canadian discrimination against U.S. autos, dairy, and alcohol.

Impact Score

7/10

Tuesday, July 21, 2026 at 11:59 AM EDT

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