Canada-US trade war sparks business concerns
Trade tensions between the US and Canada have escalated after the collapse of talks, leading to the imposition of 50% tariffs on each other's products. Many Canadian and American businesses, including jewelry, furniture, clothing, and beverages, anticipate significant revenue losses due to increased costs and reduced exports. Canadian exports to the US, valued at around $20 billion annually, are particularly vulnerable, with some companies expecting considerable impacts on their operations and sales.
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