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Canada Targets US States with Retaliatory Tariffs Amid Trade War

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CAD
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Canada has been fighting back in its trade war with President Trump by targeting specific states and industries with retaliatory tariffs. According to Canadian officials, these targeted measures include tariffs on food products, beverages, and appliances.

The move comes after the US imposed a 50% tariff on various Canadian goods, which is expected to have a significant impact on Canada's economy. However, despite this challenging situation, Canada's economy has shown surprising resilience with strong 3.3% growth in the second quarter.

Despite this growth, experts warn that the impact of the new tariffs will be felt, and growth is expected to continue at a much lower rate. Canadian officials have stated that their retaliatory measures are aimed at applying political pressure on US officials.

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