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Canada plans retaliatory tariffs on US
Canada announced that it would impose retaliatory tariffs on the United States following the failure of trade negotiations and the escalation of the dispute between the two countries. These measures come in the context of threats from Trump to impose new tariffs of 50% on Canadian cars and steel starting in early 2027, amid deteriorating relations and an increase in Canada's unemployment rate to 10%. Forecasts indicate that the automotive and steel sectors in the country will be the most affected by the escalation, especially since the Canadian economy is heavily dependent on the U.S. market.
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