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President Trump has announced plans for a 25% tariff on imports from Canada and Mexico, alongside a 10% tariff on Chinese goods. This move raises concerns about potential price hikes for American consumers and retaliatory measures from affected countries. Economists warn that tariffs could lead to inflation and job losses.
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President-elect Donald Trump has reiterated plans to impose a 25% tariff on imports from Canada and Mexico unless they address illegal immigration and drug trafficking. Canadian officials are preparing for potential retaliatory measures, raising concerns about economic repercussions for both nations. This follows Trump's previous tariff policies during his first term.
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Canadian Prime Minister Justin Trudeau is working to prevent potential tariffs from President-elect Donald Trump, who has threatened a 25% tax on goods from Canada and Mexico. Trudeau's recent meeting with Trump aimed to address these concerns, but no assurances were made. Provincial leaders are divided on how to respond.