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President Trump Imposes 50% Tariffs on Canadian Goods as Trade Relations Sour

The administration announced a new trade war with Canada, imposing 50% tariffs on a wide range of Canadian goods including automobiles, honey, and hockey sticks. In response, the Canadian government announced retaliatory tariffs on $20 billion worth of U.S. imports, such as dairy, seafood, and wood products, slated to begin on September 8. While some U.S. steel and aluminum producers saw an immediate stock price rally, experts warn that the integrated nature of the North American auto sector means both nations will share the economic burden. Ontario Premier Doug Ford expressed firm opposition to the move, describing the tariffs as a tax on American people and a

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