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US levies 50% tariffs on Canadian goods
The United States implemented 50% tariffs on certain Canadian goods after trade negotiations collapsed, with the tariffs taking effect immediately. Canadian Prime Minister Mark Carney suspended talks, citing unfair and uneconomic last-minute U.S. proposals, while Canada announced it would retaliate dollar-for-dollar. The tariffs affect over 5% of Canadian exports, including items like wine, dairy, hockey sticks, and cement, targeting about $28 billion worth of goods.
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