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The United States will impose a 50% tariff on many Canadian goods

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ME AI News: US officials said the United States will impose 50% tariffs on many Canadian goods, including items included in the US Mexico Canada Trade Agreement (USMCA) listings. Exemptions will apply to energy, fertilizers, critical minerals, and so on. This will begin within 30 days (effective/enforced). On Monday, Canada’s stock market fell 0.86%. The USD/CAD rose 0.4% to 1.4079. Canada’s 10-year government bond yield rose by 0.9 basis points to 3.567%. It’s worth noting that US President Trump recently threatened to impose (punitive) tariffs on Canada due to the costs caused by Canadian wildfires. (Source: Wall Street Insights)
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