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Canada Implements Tariffs on US Goods
Canada has imposed countervailing tariffs ranging from 15% to 50% on American goods in response to recent Trump decisions, aiming to counter the escalation in the trade war between the two countries. These new tariffs will take effect on September 8 and match the U.S. tariffs that were set at 50% on Canadian products. Ottawa's move comes as part of a aid package worth $5.4 billion to support businesses and workers affected, and Canada's finance minister affirmed the country's unity in facing the unprecedented economic challenge posed by the American administration.
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