BREAKING: America just banned nearly a billion dollars of Canadian imports. Booze, dairy, motorcycles — in effect since 12:01 Tuesday.
Jacob Jensen puts covered imports at $967 million. Alcohol is 87% — beer, sparkling wine, brandy. Dairy, including whey, is on the list.
Also barred: three-wheeled Can-Am Spyder motorcycles from Quebec's Bombardier. Most of this season's shipments are done — so the hit lands next year.
Over the summer, Trump used a Great Depression-era law to slap 50% tariffs on $20 billion of Canadian goods — charging discrimination against American producers.
Canada counterpunched — tariffs matched dollar for dollar. Attorney Patrick Childress expects the standoff to last months, not weeks.
The ban is a ripple next to $880 billion in yearly two-way trade. Still, over 70% of Canada's exports go to America.
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