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U.S., #CANADA TRADE TENSIONS ESCALATE

The Trump administration Monday announced it would impose new tariffs on Canadian softwood lumber imports, upping the tension between the U.S. and its second-largest trading partner. The Commerce Department says Canada improperly subsidized the sale of lumber products to the U.S., leading to Trump’s decision to retaliate with retroactive tariffs up to 24 percent. (New York Times)

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