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Source:
Los Angeles Times
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Trump's tariff threat risks Canadian exports
The U.S. has announced plans to impose 50% tariffs on Canadian goods starting August 19, targeting products like honey, liquor, dairy, wood, and certain consumer items. These tariffs could impact approximately $28 billion CAD in Canadian exports annually and may slow economic growth without causing a recession. Experts suggest the tariffs might be a negotiation tactic and warn that retaliatory measures could harm both economies.
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