President Donald Trump announced 50% tariffs on most Canadian goods, accusing Canada of unfair trade practices involving automobiles, alcohol, and dairy products.

The tariffs are expected to take effect in 30 days and could increase economic tensions between the two closely linked countries.

Some goods, including energy products, potash, fish, and critical minerals, will be exempt from the new duties.

Canadian Prime Minister Mark Carney said Canada supports fair trade and is prepared to negotiate with the U.S. to resolve the dispute, NPR has reported.

The move has raised concerns about higher prices, economic disruption, and further strain on U.S.-Canada relations.