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The implementation of tariffs by the US, specifically a 25% duty, has significantly impacted the Canadian dollar, causing it to drop to a 22-year low. President Trump's tariff plan has been blamed for the decline. In retaliation, Canada has imposed a 25% tariff on US imports. These tariff measures have raised concerns about the potential negative effects on Canada's economy and currency. News outlets have widely reported on the developments and their potential consequences.
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