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Trump increases tariff on Canada to 35% from 25%, cites fentanyl ahead of August 1 deadline

Trump increases tariff on Canada to 35% from 25%, cites fentanyl ahead of August 1 deadline

US President Donald Trump has signed an executive order raising tariffs on Canadian goods from 25% to 35% for all items outside the USMCA agreement. Canada, which relies heavily on the U.S. market, is expected to respond with countermeasures. Trump has also s…

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