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Tariffs, Talks, and Trade Tensions | Toronto News
The U.S. is poised to hit Canadian goods like alcohol and dairy with 50% tariffs starting August 19th, escalating a months-long trade standoff rooted in retaliatory tariffs since Trump’s presidency. Initially, Trump imposed 25% tariffs on Canadian exports citing national security and drug flows, but later exempted most goods under CUSMA — only to reverse course in July with no exemptions, tying the threat to fentanyl cooperation. Prime Minister Mark Carney’s May meeting with Trump failed to sway him, and Canada’s provinces responded by pushing for direct-to-consumer alcohol sales. Legal…
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