Canada moves to support sectors hit by US tariffs
Canada has imposed tariffs on its imports from the United States in response to Washington's imposition of a 50% tariff on numerous products, including furniture, dairy, and clothing, threatening Canadian exports worth approximately $20 billion. Canadian Prime Minister Mark Carney announced that the country will retaliate dollar for dollar to protect affected sectors, along with supporting measures for workers and businesses. These actions come amid the breakdown of trade negotiations between the two countries.
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