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America imposes 50% tariffs on Canadian goods
U.S. President Donald Trump imposed a 50% tariff on most Canadian goods due to Canada's marginalization of American cars, alcoholic beverages, and dairy products. This move is considered potentially disruptive to the economy, likely to increase inflation, and could strain relations between the two countries. The tariffs will include products that were previously exempt under the now-expired United States–Mexico–Canada Agreement (USMCA), with exceptions for energy, metals, and fish products. Additionally, Trump requested a study to impose further tariffs on Canada in response to wildfires and air pollution. The tariffs are expected to take effect within 30 days, with room for negotiations.
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