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Former U.S. President Donald Trump announced plans to impose a 25% tariff on most Canadian imports, citing long-standing trade imbalances. Despite Prime Minister Justin Trudeau’s efforts to enhance border security and curb drug trafficking, Trump signaled the tariffs would proceed by March 4. Canadian Foreign Affairs Minister Mélanie Joly warned of retaliatory tariffs on $155 billion worth of U.S. goods. Experts caution these tariffs could push Canada into a recession and increase consumer prices in both countries. Trump also plans additional tariffs on steel, aluminum, and auto imports. While he claims the U.S. has been exploited, trade data suggests otherwise; excluding oil, the U.S. has a trade surplus with Canada. Despite earlier praising the renegotiated CUSMA deal, Trump continues to push trade restrictions. Border data also indicates Canada seizes more drugs from the U.S. than vice versa, contradicting Trump’s concerns about Canadian enforcement.
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