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U.S.–Canada talks collapse…mutual 50% tariffs feared to hit companies

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  1. 1U.S.–Canada weekend trade talks collapse; both leaders declare 50% tariffs on each other
  2. 2Trump tariffs take effect Saturday (Canada exports roughly $20 billion); Canada to retaliate from September 8
  3. 3Concerns over sharp drop in revenue for small businesses on both sides and price pass-through…70% of Canada's exports go to the U.S.

This 3-line summary is compiled from the report below.

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