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Discussing the Trump administration's new Section 338 (1930 Tariff Act) threat of 50 percent tariffs on about $20 billion of Canadian goods starting in 30 days: 'So that would essentially shut down, uh, the flow of those, of that $20 billion in Canadian shipments to the U S.' @7:30. He also predicts a legal fight: 'Trump is going to get sued over this, uh, if they go, if they do go into effect' @9:30, and says the 301 forced-labor tariffs replacing the global 10 percent tariff 'are coming, uh, within days' @10:43.
“and that 50% tariff is essentially a prohibitive tariff. You're not going to buy anything, uh, that has a 50% tariff on it.”
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