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Republican senators join Dems on bill to exempt small businesses from Trump's Canada tariffs

1. Senators propose CANADA Act to exempt small businesses from Canadian tariffs. 2. Trump threatens a 35% tariff on Canadian imports starting August 1. 3. Concerns raised about job losses and rising costs for small businesses. 4. Legislation aims to alleviate tariff effects and maintain U.S.-Canada relations. 5. Tariffs could impact U.S. consumers and various sectors dependent on trade.

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FAQ

Why Bearish?

Increased tariffs could suppress S&P 500 performance; historical tariff impacts show economic slowdowns.

How important is it?

Tariff threats can lead to market instability; small businesses are crucial for the S&P 500's health.

Why Short Term?

Immediate effect due to tariff threat, likely influencing market volatility in the near term.

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