Trump announces 50% tariffs on Canada, escalating trade war. Carney says 'all options' on table. Markets face risk-off sentiment, potential volatility for crypto traders.
US President Donald Trump has imposed a 50% tariff on a wide range of Canadian goods, including wine, hockey sticks, and cement, in retaliation for what he called 'unequal treatment' of US cars, dairy, and alcohol. Key exports such as energy, potash, critical minerals, and fish are exempt. The White House says the tariffs will take effect in 30 days.
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