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US hits Canada with 50% tariffs — Ottawa vows dollar-for-dollar response
The US imposed 50% tariffs on roughly $20 billion worth of Canadian goods — ranging from hockey sticks to tongue depressors — after trade talks collapsed. Canadian Prime Minister Mark Carney vowed a dollar-for-dollar retaliatory response. Trade experts say the move could cause some job losses, but the biggest impact is expected to be political, deepening the rift between the two traditional allies.
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