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Trump signs order increasing tariffs on Canadian goods from 25% to 35%

Decision comes amid escalating trade tensions between the two countries and before a deadline to negotiate a dealDonald Trump signed an executive order on Thursday increasing tariffs on Canadian goods imported to the United States from 25% to 35%.The new import tax rates goes into effect on Friday, according to a White House factsheet. The tariff would cover all products not covered by the US-Mexico-Canada trade agreement. Goods transshipped to another country to evade the new tariffs would be subject to a transshipment levy of 40%. Continue reading...

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