Wednesday - July 22, 2026
Peterson Institute for International Economics Issues Commentary: Trump's New 50 Percent Tariffs on Canada, and Others in Train, Will Likely Raise US Consumer Prices
July 22, 2026
WASHINGTON, July 22 -- The Peterson Institute for International Economics issued the following commentary on July 21, 2026, by senior research staffer Gary Clyde Hufbauer:

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Trump's new 50 percent tariffs on Canada, and others in train, will likely raise US consumer prices

US households could face sharp price increases for certain alcoholic beverages, dairy products, and other select imports from Canada subject to President Donald Trump's new . . .

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