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Canada has fired back at the United States with new retaliatory tariffs worth 27.6 billion Canadian dollars, or around 20 billion US dollars, targeting a wide range of American goods. The move follows President Donald Trump’s 50% tariffs on Canadian products and comes after trade talks between Ottawa and Washington collapsed. From steel and dairy to agricultural equipment, electronics and manufactured goods, the new duties could raise costs across deeply integrated North American supply chains. With no active trade negotiations underway, the big question is whether this is temporary pressure or the start of a prolonged U.S.-Canada trade war.