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Canada commits over C$6 billion to fight impact of US tariffs, find new markets

OTTAWA (Reuters) -Canada on Friday unveiled billions of dollars in aid and other forms of support to businesses and people expected to be directly affected by U.S. tariffs. Canada relies on the United States for 75% of its exports and a third of all imports. U.S. President Donald Trump's administration imposed 25% tariffs on most imports from Canada and Mexico earlier this week, before announcing a suspension of the charges until April 2 on goods covered by the U.S.-Mexico-Canada Agreement on trade.