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Canada-US trade tensions escalate over tariffs.

Published by: Greatfuture Info August 28, New Delhi:  The Canada–United States trade dispute is hardening, with neither side currently signalling an immediate return to negotiations. Canada has announced counter-tariffs on 27.6 billion Canadian dollars, which is approximately $20 billion, worth of American imports. Beginning September 8, duties of 15, 25 and 50% will be imposed on more than 700 categories of U.S.-made products. The highest tariff of 50% will apply to American steel, aluminum, furniture, clothing and apparel. Appliances, dairy products (including cheese), fish, seafood and certain steel and aluminum derivatives will face a 25% tariff. Selected electronics and tools will face duties of 15%. Canada’s existing counter-tariffs on American automobiles will also remain in place. Ottawa says the measures will match the latest American tariffs “dollar for dollar and rate for rate.” The retaliation follows the United States imposing 50% tariffs on approximately 27.6 billion ...