Canada Sees Significant Increase in Tariff Revenues After Retaliation Against US

Reported 1 day ago

Canada’s federal government has seen a substantial rise in tariff revenues, with customs duties increasing by 39% in the first quarter of the year due to retaliatory tariffs imposed against U.S. products in response to President Trump’s tariffs. The revenue from these duties reached C$1.95 billion ($396 million), reflecting Canada’s strategy to boost its economic growth amid ongoing trade tensions.

Source: YAHOO

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