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Recent news highlights trade tensions between the United States and Canada, primarily driven by US tariffs. Canadian Prime Minister Mark Carney has labeled new US tariffs a "miscalculation" aimed at dividing Canada, stating he refused to compromise on national sovereignty during trade talks. These tariffs have caused significant concern for businesses in both countries, who have warned of detrimental effects. While tensions have escalated since the current US administration took office, there was a recent development where the US paused new tariffs, suggesting proximity to a deal. This pause offers a welcome reprieve for Canadian negotiators and businesses. The ongoing trade dispute underscores the fragility of long-standing free trade agreements and the significant economic and political implications of protectionist policies.