Trump Revived a 96-Year-Old Law Against Canada — Legal Experts Say It Won't Survive

Trump just invoked Section 338 of the Tariff Act of 1930 — a 96-year-old Smoot-Hawley law dormant since 1949 — to impose 50% tariffs on $20 billion of Canadian goods including wine, dairy, hockey sticks, and machinery, effective August 19, 2026. After the Supreme Court struck down IEEPA tariffs in February 2026, the administration reached back to a Great Depression-era law that trade lawyers say was legally superseded in 1962. No investigation. No congressional approval. No USMCA exemptions. Just three presidential proclamations signed on July 20, 2026. Legal scholars from UVA, CEI, the Independent Institute, and former USTR officials all say court challenges are coming fast. Canada's PM Mark Carney called it a direct USMCA violation. And economists are drawing direct parallels to the original Smoot-Hawley disaster that deepened the Depression. This is not speculation — every fact in this video is sourced from the White House, Congress.gov, Supreme Court records, CNN, Boston Globe, and Foreign Policy. Subscribe to MONEY SIGNALS for fact-based financial intelligence every week. #trumptariffs #canada #section338 #smootHawley #tradwar #USMCA #tariffs2026 #moneysignals #tradelaw #canadatariffs