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New U.S. tariffs are slamming Canada’s economy—and experts warn this trade war won’t vanish when Trump leaves office. With 50% duties now in effect, Canada walked away from talks over U.S. demands like controlling trade partners. Businesses face uncertainty that’s lingered for a year, but the Canadian government is stepping in with interest-free loans lasting up to 36 months. Even if Democrats take control of Congress, these tariffs have legal backing and may not disappear without presidential approval. And once businesses adapt—finding new markets, adjusting operations—it’ll take time to undo the damage, no matter who’s in the White House.
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