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Story summary
- U.S. President Donald Trump imposed import taxes on Canadian goods worth about $20 billion.
- Canada responded with reciprocal tariffs on roughly $20 billion (CA$27.6 billion) of U.S. goods.
- Small businesses report taxes up to 50% and have canceled Canadian orders.
- Jasper Hill Farm cheesemaker Mateo Kehler lost holiday orders from Canadian wholesalers.
- Shipping costs for imported components have risen two to three times since the Iran war.