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GOLDSTEIN: Job losses, inflation and bail-outs – the high costs of an all-out trade war

In responding to the breakdown of Canada-U.S. trade negotiations late Friday with dollar-for-dollar matching counter tariffs against the U.S. starting on Sept. 8, Prime Minister Mark Carney is embarking on a strategy he said was unrealistic a year ago.

This actually marks the second time he has reversed policy on the issue of dollar-for-dollar retaliatory tariffs.

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