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Trump threatens Canada with tariffs on dairy and lumber ‘as early as today’
President Trump is considering imposing tariffs on Canadian dairy and lumber, potentially as early as today, citing unfair trade practices and aiming to bring factories back to the U.S. following the Canada-U.S.-Mexico Agreement (CUSMA). A trade lawyer notes that existing duties on Canadian lumber are already punitive and that the dairy threat may be a reaction to a recent U.S. loss regarding dairy quotas under CUSMA.
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