U.S. President Donald Trump has threatened to impose a 50 percent tariff on hundreds of Canadian product categories. The measures would apply to goods worth approximately $20 billion. The products targeted range from wigs to wine, according to a report. The threat marks an escalation in trade tensions between the two countries. Tariffs are taxes on imported goods, often used to protect domestic industries or pressure trading partners. Trump has previously imposed tariffs on Canadian steel and aluminum, as well as on other trading partners like China and the European Union. Canada is one of the United States' largest trading partners, and a 50 percent tariff would significantly raise costs for Canadian exporters. The move could lead to higher prices for American consumers if Canadian firms pass on the costs. The Canadian government has not yet announced a response, but past retaliatory measures have included tariffs on U.S. goods. Trade experts warn that such actions could disrupt supply chains and harm both economies. The tariff threat comes amid ongoing renegotiations of the USMCA trade agreement, which replaced NAFTA. The exact list of affected products and the timeline for implementation remain unclear. Observers expect further developments as both sides negotiate.