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Trump slaps first tariffs on Canadian lumber

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The Trump administration is starting to impose tariffs on Canada.

The first tariffs signed off on by President Donald Trump, Canadian lumber shipped to the United States may be hit with taxes of up to 24 percent.

"It has been a bad week for U.S.-Canada trade relations," Commerce Secretary Wilbur Ross said in a statement, noting trade talks on dairy products fell through.

Read more from CNNMoney.

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