Tariff Act of 1930
Coverage of Tariff Act of 1930 in the Nexus archive.
- Op-ed | New tariffs force businesses into contingency planning
President Trump announced new tariffs effective July 24, 2026, on 60 trading partners including Canada, Mexico, China, and the European Union, with rates ranging from 10% to 12.5% under Section 301 of the Trade Act of 1974. Additional 50% tariffs on Canadian goods are planned for August 19, 2026, under Section 338 of the Tariff Act of 1930, amid tensions over the USMCA agreement. Businesses are urged to diversify supply chains and prepare contingency plans.
- ‘What planet are you on?’ Voters, pollsters mystified by Trump’s tariffs boasts in Michigan
President Trump claimed tariffs boosted General Motors and Michigan's economy, but tariffs have increased business costs and inflation nationwide. Michigan's trade ties with Canada face disruption from new Trump-era tariffs, and some supporters acknowledge economic hardships despite supporting the president.
- US imposes new 50pc tariffs on $20bn worth of Canadian products
The US imposed 50% tariffs on $20 billion of Canadian imports, citing discriminatory practices against American goods. The tariffs, effective in 30 days, target products like wine, cement, and hockey gear under Section 338 of the Tariff Act of 1930. Canada's government criticized the move, offering proposals to resolve disputes and accusing Trump of violating trade agreements.