3. American exporters will suffer

Canada, Mexico and the EU were none too pleased with the news that the Trump administration decided to lift the tariff exemptions, and they're not taking it lying down. Canada has already announced it will impose up to $12.8 billion in tariffs on American steel, aluminum, whiskey, orange juice and other products. "This is the strongest trade action Canada has taken in the post-war era," said Canadian Minister of Foreign Affairs Chrystia Freeland.
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