- President Trump announced 50% tariffs on most Canadian goods (effective in 30 days), targeting items from wine and hockey sticks to autos and dairy.
- The move risks higher consumer prices and economic fallout — similar tariffs previously sparked market turmoil and could become a campaign issue ahead of the midterms.
- It escalates tensions with Canada after earlier retaliatory measures, adding a diplomatic edge to what’s become a public spat between leaders.
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