U.S. and Canada Trade War Escalates | Minneapolis News
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U.S. and Canada Trade War Escalates | Minneapolis News
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The U.S. is slamming the brakes on Canadian goods—dairy, booze, motorcycles—with a three-week deadline, retaliating after Canada slapped $20 billion in tariffs on American imports. This isn’t just another trade spat; it’s escalating tensions over long-standing issues like dairy quotas and lumber subsidies. Canada’s provinces had already banned U.S. alcohol, sparking this U.S. countermove. Prime Minister Trudeau admits short-term pain but sees opportunity: Canada’s pushing to invest domestically and diversify trade, aiming for export growth that could double in a decade. Talks with the EU are heating up as he heads there soon to strengthen ties without full membership. Behind closed doors, diplomacy continues—but Canada’s message is clear: no more relying solely on the U.S. economy.
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