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Canada Implements Dollar-for-Dollar US Tariffs
Canada announced retaliatory tariffs of up to 50% on approximately C$28 billion worth of US goods, including steel, furniture, and apparel, in response to US tariffs imposed after trade talks collapsed. The tariffs will take effect on September 8 and aim to match US measures, escalating tensions between the two countries. Both nations' trade relations are strained amid threats and retaliations, raising concerns about future trade agreements.
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