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  • 6 hours ago
Canada is considering retaliatory measures against planned 50% U..S tariffs as Prime Minister Mark Carney steps up negotiations efforts.
Transcript
00:00Welcome back. Canada will do whatever it takes to defend its economy in a trade dispute with the United States,
00:08says Prime Minister Mark Carney.
00:10His comments came after US President Donald Trump announced new tariffs of up to 50% on a range of
00:17Canadian products.
00:20The new tariffs are due to take effect on August 19th and will apply to products including wine, hockey sticks
00:27and cement.
00:28Carney described the US measures as unwarranted, saying Canada was stepping up trade talks with Washington while preparing to respond
00:35if necessary.
00:36In all circumstances, irrespective of the outcome of those negotiations, Canada will do whatever it takes to build our strength
00:45at home and to support Canadian families, workers, our farmers, our businesses. We're ready.
00:53The dispute follows Trump's decision earlier this month not to extend the United States-Mexico-Canada trade agreement.
00:59So, thank you.
01:00is open.
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