Washington imposes 50% tariffs on Canadian imports

The United States imposed a 50% tariff on Canadian imports worth approximately $20 billion after failing to reach a trade agreement with Canada and as tensions between the two countries escalated. The White House announced that the tariffs would take effect after midnight on Saturday, while the Canadian Prime Minister announced the suspension of trade negotiations with the United States, emphasizing that Canada will respond dollar for dollar due to the unfair changes made to the proposed agreement's terms at the last minute. These measures threaten the fragile recovery of the Canadian economy and may impact the future trajectory of trade relations between the two countries.

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