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World11 hr ago

US Imposes 50% Tariffs on Canadian Goods, Escalating Trade Tensions

By TrendingWire Newsroom

US President Donald Trump has signed an order imposing 50% tariffs on most Canadian goods, citing what the White House called discriminatory treatment of American cars, alcohol, and dairy products. The tariffs take effect within 30 days and mark a significant escalation in trade tensions between the two North American neighbors. The move targets a wide range of Canadian exports, including wine and hockey sticks, but exempts energy products, potash, and fish. Canada's relationship with the US has frayed under Trump's tariff-heavy agenda and his criticism of the trilateral trade pact with Mexico. The duties apply to many goods previously protected under the USMCA agreement, adding economic uncertainty. The administration is using an untested legal provision to impose the tariffs, and aides are examining the possibility of additional tariffs on Canada. The decision could lead to higher inflation and further strain bilateral ties, as the two nations had been closely woven together before Trump's return to the White House.

Sources: SCMP, BBC News, BBC UK, CNBC, France 24, Times of India, DW, NYT
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