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Trump Vows to Double Canadian Auto Tariffs, Escalating Fight

Bloomberg Markets·August 24, 2026·1 min read

President Trump vowed to double existing tariffs on the Canadian auto industry, escalating the trade fight. Bloomberg's Melissa Shin said negotiators in both countries understand the auto sector's importance, and the broader tariffs could impact an estimated 90,000 jobs, disproportionately affecting small businesses that may not see as much government support.

Read at Bloomberg Markets
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