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Trump Tariffs Take Effect: Expect To Pay More For These Items, Experts Say Trump Tariffs Take Effect: Expect To Pay More For These Items, Experts Say
Trump Tariffs Take Effect: Expect To Pay More For These Items, Experts Say US tariffs on goods from its three largest trading partners -- neighboring nations Canada and Mexico as well as China -- have gone into effect after President Trump signed an order late Saturday afternoon, Feb. 1. Canada and Mexico have been slapped with 25 percent tariffs. The rate for China, America's main economic rival, is 10 percent. Canada also has an adjusted 10 percent rate for energy products, include crude oil. Mexico and Canada account for about 70 percent of US crude oil imports. Now, many economists are warning that American consumers will be paying more for a host of staple i…

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by Joe Lombardi
Business
Maple Syrup Shortage Prompts Canada To Tap Into Half Of Its Strategic Reserve Maple Syrup Shortage Prompts Canada To Tap Into Half Of Its Strategic Reserve
Maple Syrup Shortage Prompts Canada To Tap Into Half Of Its Strategic Reserve Maple syrup producers in Canada are in a sticky situation, as a shortage has forced them to use a significant portion of their strategic reserve.  Quebec Maple Syrup Producers has used almost 50 million pounds of syrup from its reserve, according to a report from Bloomberg.  That accounts for nearly half of the reserve, the news outlet reported. Quebec Maple Syrup Producers reports that it represents 11,300 maple producers and regulates the production of maple syrup in the province. Quebec is the world's largest producer of maple syrup. CNN Business reported that …

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by Nicole Valinote