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International Business Times
International Business Times
Business

DARK SECRETS: Us canada tariff row escalates the political fallout may be bigger than economic impact | Rare Historical Photos

US President Donald Trump with Canada's Prime Minister Mark Carney during a work lunch as part of the G7 summit, in Evian, eastern France, on June 16. (Credit: Evelyn Hockstein / POOL / AFP via Getty Images)

The US imposed 50% tariffs on $20 billion worth of Canadian products, forcing the latter to announce retaliatory steps, the Associated Press reported.

The moves came after last-ditch negotiations failed to resolve the latest strain in the tense bilateral relationship between long-time allies, according to the AP report.

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