Trump orders 25 percent tariffs on Canada

FRANCE 24 English

Visit our website: http://www.france24.com  Like us on Facebook: https://www.facebook.com/FRANCE24.English  Follow us on Twitter: https://twitter.com/France24_en

Transcript

00:00Canadian media report that Canada has been told to expect 25% across-the-board U.S. tariffs

00:05from Tuesday.

00:07Energy exports would see a lower rate of 10% later this month.

00:11Canadians say they don't welcome the prospect of a trade war with the U.S. President Donald Trump.

00:15I think it's a crazy idea and I'm surprised that he's turning on Canada like this

00:21because we were always such good neighbors.

00:24But I also think that it's going to hurt the U.S. economy because here in Ontario

00:29we make a lot of auto parts, we sell to the U.S., they make cars.

00:33Now the cars are going to be more expensive.

00:35We've got elections on the door, we've got inflation, trying to figure out

00:41how are we going to get our groceries and figuring out housing.

00:46So at this very time, I'm like, well, how bad can it get, right?

00:51We already have high prices.

00:53The Canadian Prime Minister, Justin Trudeau, vows a firm response.

00:57Tonight, I am announcing Canada will be responding to the U.S. trade action

01:04with 25% tariffs against $155 billion worth of American goods.

01:12The trade penalties against Canada of 25% are also being applied to Mexico.

01:18China is getting a 10% tariff.

01:21Trump argues the duties apply pressure on the three countries to tackle immigration

01:25and the quantity of the drug fentanyl coming into the United States.

01:30A lot of fentanyl comes through.

01:32He argues, too, that the tariffs will boost the U.S. economy.

01:37This business owner in Michigan, who relies on business with China, does not agree.

01:42That 10% on the wholesale end for the consumer becomes 20% on the retail end.

01:51I think people are going to be truly shocked at the pricing they're going to see on the

01:56cars, on the lumber, on the clothes, on the food.

02:00Many analysts are warning just that.

02:02Trump's trade war may stoke inflation in the United States

02:06and disrupt imports from more than $2 trillion of annual trade.

Category

Transcript

Be the first to comment

Recommended