The U.S. is set to slap 50% tariffs on Canadian goods—including honey, liquor, cement, and hockey sticks—starting August 19th, sparking economic alarm. Economists warn this could slow Canada’s growth by 0.2–0.3% and chill business investment, hitting small firms hardest. While some see the move as a bargaining tactic, others question U.S. consistency—wanting Canadian mines but blocking other exports. Experts urge caution, warning against retaliatory steps that could spiral into a costly trade war.
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