00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. and Canadian negotiators are racing to reach a deal before a 50% U.S. tariff
00:08on certain Canadian goods takes effect Wednesday, according to Benzinga.
00:12The tariffs would cover nearly $20 billion of Canadian imports,
00:16including motor vehicles, alcoholic beverages, and dairy products.
00:20U.S. Trade Representative Jameson Greer said Canada must remove retaliatory trade measures
00:25to avoid the tariffs, a demand Ottawa has not accepted.
00:29Canada is also seeking reductions in U.S. tariffs on steel, aluminum, and autos.
00:34Canadian officials have warned they would retaliate if the new duties take effect.
00:38The trade dispute threatens nearly $900 billion in annual trade,
00:43along with supply chains, jobs, and deeply integrated industries such as automotive manufacturing.
00:48For all things money, visit Benzinga.com.
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