US Enacts New Tariffs on Canada
The United States has imposed new tariffs of 50% on certain Canadian goods, including products from the alcohol, automotive, and dairy sectors, in response to what it described as "discriminatory treatment." These tariffs will take effect 30 days after the White House's announcement, with exceptions for some imports such as energy and goods with specific sector-based tariffs. These measures come amid ongoing trade disputes between the two countries, especially following the U.S. decision not to extend the free trade agreement with Canada and Mexico, which threatens to heighten trade tensions between the parties.
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