Trump Announces 50% Tariffs on Canada, Effective in 30 Days

According to Financial Times, President Trump announced 50% tariffs on Canadian goods, effective in 30 days, citing unfair trade practices. The tariffs exempt energy, potash, critical minerals, fish, and steel and aluminum products already subject to national security duties. Canada is the U.S. second-largest trading partner, with bilateral merchandise trade valued at approximately $720 billion last year.
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