Trade Tensions with Canada Escalate After Deal Falls Through

Dear Client:  After it seemed a deal was in sight, trade negotiations between the US and Canada broke down over the weekend, resulting in the implementation of a new 50% tariff on about $20 billion worth of Canadian goods, including wine and spirits. HOW WE GOT HERE. Canada removed US booze from its shelves in March 2025 in response to tariffs placed on Canadian goods as part of a sweeping US trade policy update. As a result, exports to Canada