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US-Canada trade war: Ottawa slaps tariffs on $20 billion in American goods

Trade tensions between the United States and Canada have intensified after Ottawa announced fresh tariffs ranging from 15% to 50% on nearly $20 billion worth of American goods. The move comes as a retaliatory measure in an escalating economic dispute between the two North American allies. With 68% of Canada's exports heading to the U.S. in 2026, the standoff could have major implications for businesses, supply chains, consumers and cross-border trade relations.