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US Imposes 50% Tariffs on Canadian Goods | New Orleans News
Description
The U.S. is set to slap 50% tariffs on $20 billion in Canadian goods starting Wednesday, targeting wine, furniture, dairy, clothing, cement, and hockey gear — a move that could cripple key Canadian industries and trigger job losses, especially for small businesses. Enacted under a Depression-era law, these tariffs even override NAFTA preferences, signaling a hardline U.S. trade stance. Despite frantic negotiations, Canada’s dairy policies and U.S. alcohol access remain major sticking points. The move echoes past trade wars and could destabilize economic ties between the two nations.
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