A new set of Trump tariffs for Canada could take effect Wednesday. Here’s what’s at stake.

The proposed measures would impose new 50% import taxes on selected Canadian goods, with liquor, hockey equipment and wood products including particle board among the categories cited by MarketWatch. The tariffs could take effect Wednesday, making the timing unusually near term.

The direct exposure runs through importers, distributors, retailers and manufacturers tied to those product categories, while Canadian exporters could face reduced access to the U.S. market. The story does not identify specific companies or provide company-level revenue exposure.

The next key details are the final tariff scope, implementation timing and any exemptions. Any Canadian or U.S. response could also alter the commercial impact, particularly for goods that rely on cross-border supply chains.