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The United States unleashed 25% tariffs on Canada on March 4, prompting a swift response from its northern neighbor. Canada hit back with a host of counter-tariffs, escalating a trade dispute that has put entire supply chains under pressure.
The tariffs have sparked significant concern among businesses reliant on cross-border trade. Companies are now grappling with increased costs and uncertainties that threaten their operations and profitability.
In Canada, the situation has ignited a debate on whether more can be done to better insulate Canadian businesses from potential trade conflicts. Discussions are focusing on strategies to diversify trade partnerships and reduce dependency to mitigate future risks.
The escalating tensions highlight the vulnerability of interconnected economies to policy changes and the ripple effects that can impact industries and consumers alike.
