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Trump administration hits Canada with 50% tariff over alleged trade 'discrimination'

The Trump administration on Monday announced it will impose a 50% tariff on certain Canadian imports, citing what officials called trade "discrimination" against American businesses.The duties will target specific Canadian goods and are set to take effect on Aug. 19 under the Tariff Act of 1930.Officials said Canada’s current tax policies unfairly target U.S. automakers, contributing to a significant decline in American vehicle exports while giving foreign competitors an advantage.GET FOX BUSINESS ON THE GO BY CLICKING HERE"I find that it is necessary and appropriate and in the public interest...