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U.S. imposes 50% tariffs on $20B worth of Canadian products, and Canada says it will retaliate
The U.S. imposed 50% tariffs on $20 billion worth of Canadian goods early Saturday after last-ditch talks failed, and Canada immediately vowed to retaliate. The tariffs hit roughly 5% of Canadian exports to the U.S., on products from hockey sticks to tongue depressors. "Canada will match those tariffs dollar for dollar to protect our workers and businesses." "Last-minute changes in the U.S. proposed terms were unfair, uneconomic" and undermined deal reliability. "new Canadian 'demands and walk-backs of other commitments' upended the balance reached days earlier"