00:00In a major escalation of trade tensions with Canada, United States President Donald Trump announced the imposition of a 50
00:06% tariff on a wide range of Canadian products.
00:09The tariffs that, according to Trump, are in retaliation for what he called unequal treatment of U.S. cars, dairy
00:16and alcohol are set to take effect in 30 days.
00:19This includes a wide range of products, from everyday consumer items to neutral goods, although several key experts will be
00:26separated, such as energy, potash, critical minerals and fish.
00:30Furthermore, the new duties apply to all covered goods, regardless of whether the product was included under the existing free
00:39trade agreement between Canada, the U.S. and Mexico.
00:41In response, Canadian Prime Minister Mark Carney said that the country is still ready to intensify trade talks with U
00:48.S. in the coming weeks.
