person
King & Spalding partner and former U.S. trade official who expects both sides to seek an off ramp and describes the U.S. negotiating asks.
No evidence-backed relationships are recorded.
Section 338 of the 1930 Tariff Act lets a president tariff at up to 50%. Trump has now used it on $20 billion of Canadian goods. Importers are paying a rate no court has ever been asked to approve.
Reality
Talks collapsed, 50% duties landed on $20 billion of Canadian goods, and retaliation is dated Sept. 8. Nothing in the record gives a planner a date to wait for.
Reality
US importers remit the duty on $20 billion of Canadian goods. Canada says it will match dollar for dollar, and the future of the three-country trade pact is now the open question.
Reality
Talks broke Friday and the levy landed Saturday, with Ottawa pledging to match. The covered slice is about 5% of Canada's exports south, but the rate is five times the old headline.
Reality
Washington and Ottawa were still talking on Monday against a 12:01 a.m. Wednesday deadline. Anyone with Canadian inventory in transit had to price both outcomes before knowing either.
Reality