Trump just announced a big 35% tax on everything coming into the U.S. from Canada. He says it’s a response to Canadian trade limits and drug concerns.
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The tax starts on August 1
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Trump says Canada isn’t playing fair on trade
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Blamed Canada for fentanyl issues, too
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22 other countries got warning letters from Trump
👉 Why this matters: This could raise prices on goods and start a trade fight between U.S. and Canada.
🔗 Source: CNBC
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