The president just slapped 50% tariffs on Canadian goods — a bold move using a rarely invoked 1930s law — escalating trade tensions as Americans grapple with rising prices. Targeting everything from cheese to building materials, the tariffs bypass previous duty-free deals and could hit U.S. consumers hard, even as they’re meant to pressure Canada during trade talks. While the U.S. economy may feel only minor jolts, Canada could face bigger blows — and this move echoes the controversial Smoot-Hawley tariffs blamed for deepening the Great Depression.
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