U.S. trade chief defends 50% tariffs on Canadian imports amid deficit alarm

Speaking before Senate finance senators, Greer described the trade gap as a "national emergency" and argued that steep tariffs are necessary to protect American jobs and lower the deficit. The measures will affect about $20 billion of Canadian exports, including plywood and milk. Democrats on the committee challenged the policy, questioning its impact on U.S. farmers and the likelihood of Canadian retaliation. Greer said he hopes to have negotiating options with Canada and Mexico by the end of 2026. He also noted that only a few Canadian items will face higher rates than those imposed on China.