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Canada’s Carney Matches Trump Tariffs With 50% Tax on US Steel, Furniture, Dairy
Source: Bloomberg
Tax & TariffsTrade Policy & Supply ChainGeopolitics & WarElections & Domestic Politics
Prime Minister Mark Carney announced Canada will match President Donald Trump’s new tariffs dollar-for-dollar, escalating the trade war with reciprocal tariff pressure. Carney also unveiled support programs aimed at Canadian businesses hurt by the retaliatory measures. The tit-for-tat response increases uncertainty for trade-sensitive supply chains, weighing on broader risk appetite.
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