00:00Canada will impose retaliatory tariffs on U.S. goods in response to President Donald
00:05Trump's 50% levies on Canadian products. This after trade talks collapsed between the two neighbors.
00:20The dollar-for-dollar tariffs on imports of U.S. steel, electronics, and other products
00:25will take effect on September 8. This also marks a further worsening of relations between the
00:31long-time allies and major trading partners. The breakdown complicates the future of a U.S.-Mexico-Canada
00:37free trade pact. Trump had expressed hope that a deal with Canada could happen on Friday.
00:41But Carney says the U.S. administration's last-minute demands halted progress.
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