00:00Trade tensions between the U.S. and Canada are escalating after negotiations collapsed,
00:05with Washington imposing new 50 percent tariffs on about $20 billion worth of Canadian imports.
00:12Canada is striking back with tariffs on roughly the same amount of American goods,
00:17set to take effect September 8th, while also rolling out billions in support for affected
00:22businesses and workers. The latest measures come as President Trump threatens additional tariffs
00:28on Canadian autos and parts beginning next year. The two long-time trading partners are now
00:33locked in a dispute neither side appears eager to abandon.
