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Trump and Kerry face trade showdown
The trade dispute between the United States and Canada is intensifying, as the U.S. has imposed a new round of tariffs on Canadian products. In response, Canada has taken similar measures, threatening to complicate economic relations between the two countries. The Canadian economy, which heavily relies on the American market for about 75% of its exports, faces significant risks due to this escalation. Meanwhile, the Canadian government is seeking to diversify its foreign partnerships to strengthen its economy, with a focus on the European market and the metals and energy industries. Estimates indicate that Canada will remain the weaker party in this confrontation, with limited chances for further escalation. Additionally, the political tensions within the United States are raising concerns about their potential impact on the upcoming midterm elections.
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