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Trump Imposes Sweeping Tariffs on Canada Citing Multiple Grievances
In a bold move, President Donald Trump has slapped Canada with a 35% tariff, in addition to sectoral tariffs, and introduced even higher tariffs on transshipped goods. In a letter, the Trump administration expressed frustration with Canada's perceived inaction on fentanyl trafficking, its retaliatory tariffs, and the country's dairy supply chain management system, which enjoys widespread support.
Meanwhile, Prime Minister Mark Carney, who has been vocal about Canada's economic woes, has chosen an inopportune moment to take a vacation, leaving his nation to grapple with the fallout of these new trade restrictions.