Canada enacts 50% tariffs on US goods

Canada has imposed retaliatory tariffs of up to 50% on its imports from the United States, worth approximately 27.6 billion Canadian dollars (20 billion U.S. dollars). These tariffs cover products such as steel, aluminum, household appliances, agricultural equipment, pulp products, wood, paper, and electronics. This move comes in response to the United States implementing similar tariffs of 50% on Canadian products worth 20 billion dollars last month. The step follows the failure of trade negotiations between the two countries and the escalation of their trade dispute.

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