Trump orders $50 billion federal contracting block on Canadian goods
President Donald Trump ordered his administration Tuesday to begin blocking Canadian products from a federal contracting program worth more than $50 billion annually, opening another front in the rapidly escalating feud between the United States and Canada.
TL;DR
- President Trump ordered the blocking of Canadian products from a federal contracting program worth over $50 billion annually.
- The order was issued because Canada allegedly does not provide "full and fair reciprocity" to American companies.
- Canada has implemented retaliatory tariffs on billions of dollars worth of U.S. products, ranging from 15% to 50%.
- These Canadian tariffs are a response to Trump's earlier decision to impose a 50% tariff on Canadian goods.
- The dispute also involves aircraft manufacturer Bombardier, which Trump stated would be barred from U.S. markets unless it builds in the U.S.