The U.S. is poised to slap 50% tariffs on $20 billion in Canadian goods—everything from hockey sticks to medical supplies—unless something changes by Wednesday midnight. With 72% of Canada’s exports heading to the U.S., this move could spark a major trade showdown. The U.S. demands Canada buy more American military gear and open access to critical minerals, while Canada pushes back for tariff relief on steel, aluminum, and lumber. Tensions are rising, with Canadians even petitioning to expel the U.S. ambassador over alleged annexation rhetoric. Both sides desperately want an “off ramp,” especially as midterm elections loom and voters feel economic strain. This isn’t just about trade—it’s a high-stakes political chess match where concessions may be hard to come by, and retaliation could escalate everything.
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