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Canada has imposed countervailing tariffs ranging from 15% to 50% on approximately 700 American products valued at nearly $20 billion in imports, in response to American tariffs of up to 50% on Canadian goods. These measures will come into effect on September 8th, amid the Canadian government's announcement of a financial package worth 7.5 billion Canadian dollars to assist affected businesses and workers. The escalation follows the suspension of trade negotiations between Canada and the United States, with Canada's Prime Minister criticizing American trade policies, while U.S. President Trump accused Canada of attempting to gain unfair advantages.
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