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Briefings US imposes 25% tariffs on Canada over opioid crisis, raising Korea trade fearsNorth American trade tariffs spark global supply chain disruptions challenging Seoul amid leadership crisis The U.S. imposed a 25% tariff on Canadian goods on Sunday as part of an executive order aimed at stemming the flow of illicit drugs across the country’s northern border. The order, expanding a declared national emergency, targets Canada’s alleged role in the U.S. fentanyl crisis. The U.S. also imposed tariffs on Mexico and China. In response, Canada’s finance and foreign ministers announced countermeasuresamounting to a $155 billion tariff package on U.S. goods, effective Feb. 4. The measures, described as a defense of Canadian interests against what officials labeled as unjustified U.S. tariffs, include phased tariffs on a © Korea Risk Group. All rights reserved. |





