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US to apply 50% tariffs on $20B Canadian goods
The United States imposed 50% tariffs on $20 billion worth of Canadian products after failed negotiations, prompting Canada to vow retaliatory measures. The dispute centers on U.S. tariffs on steel, aluminum, autos, and lumber, with Canada refusing further concessions. This escalation threatens the future of the USMCA trade agreement and reflects a significant shift in the traditionally cooperative relationship between the two countries.
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