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Bloomberg: US eyeing new Canada trade sanctions
Tensions are escalating between the United States and Canada regarding trade, as the Trump administration announced additional trade sanctions in response to the tariffs announced by Canada, including the potential increase of duties on cars and auto parts. This came after negotiations between the two countries broke down, with Trump threatening to double tariffs to 50% on imported Canadian vehicles following Canada's retaliatory measures. The escalation highlights the possible outbreak of an intensified trade war between the U.S. and Canada amid the failure to reach a trade agreement.
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