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The Canadian government imposed retaliatory tariffs ranging from 15 to 50 percent on American products in response to the Trump administration's imposition of a 50 percent duty on Canadian goods worth $20 billion, escalating the trade tensions between the two countries. These measures come after failed trade negotiations, and Canada also announced a aid package worth $5.4 billion to support affected businesses and workers. Additionally, Trump unusually proposed considering renaming Lake Ontario to "America Lake," a move that reflects the rising tensions between the two nations, whose economies are closely intertwined, especially in the automotive, energy, and agricultural sectors.
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