Source: International Business Times
AFP In a move that escalates trade tensions across North America, President Donald Trump announced a new 35% tariff on Canadian imports set to take effect on Aug. 1, citing long-standing grievances over drug trafficking and trade imbalances. The surprise announcement, made via formal letters to Canadian officials late Thursday, significantly raises existing duties—many of which stood at 25%—and casts a shadow over one of the United States' closest economic partnerships.
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