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Trade War

What’s a Trade War and How Did We (Canada) End Up In One?

By Filings on Wed, 03/12/25
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“A tariff is a tax that is levied on goods exported by one country and imported by another. This tax is charged to the importer in the destination country and paid to that country’s government. Hence, when President Trump instituted tariffs on all goods crossing from Canada to the United States, it is American businesses that now have to pay a 25% tax and remit it to the U.S.

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