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Canada, Donald Trump and tariff
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The pause on the biggest of Trump's tariffs won't end this week, as planned, but the problems they present still loom large.
Canada is one of the United States' top trading partners, with more than $410 billion of goods crossing into the country last year.
President Trump threatened Canada with 35% tariffs while saying he's considering raising blanket tariffs on most trade partners.
Canada would bear the brunt of Trump's tariffs in terms of economic contraction, says The Budget Lab of Yale.
President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.
President Donald Trump announced a new set of duties on Canadian goods that were not covered by existing sectoral tariffs.
On Thursday, the president announced a 35 percent tariff on all Canadian goods not covered by the United States-Mexico-Canada Agreement (USMCA) to take effect on August 1, unless a trade deal is reached before then.
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US stocks mostly fell on Friday after President Trump threatened Canada with a 35% tariff on its imports to the US and floated higher blanket levies on most trading partners. The
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