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"Canada's $155B Retaliation SHUTSDOWN U.s. Economy! MILLIONSS of Jobs on the Line!"
In a significant escalation of trade tensions, Canada has announced a comprehensive tariff package totaling $155 billion in response to recent U.S. tariffs on Canadian goods. This move has raised concerns about potential repercussions on the U.S. economy and labor market.
The trade dispute intensified when the U.S. administration imposed a 25% tariff on all Canadian products, with a 10% tariff specifically targeting energy resources, including oil, coal, uranium, and critical minerals. These measures were part of a broader strategy that also affected imports from Mexico and China. Canadian Prime Minister Justin Trudeau criticized the U.S. tariffs, highlighting Canada's role as a key supplier of essential goods to the U.S. and warning of adverse effects on both economies.