00:00Canada has announced counter tariffs on U.S. goods as the trade war between Ottawa and
00:05Washington escalates.
00:07Finance Minister François-Philippe Champagne said Canada would impose tariffs of up to
00:1150% from 8th of September, targeting 17 billion euros in U.S. imports.
00:17The move follows new U.S. duties of 50% affecting over 17 billion euros worth of Canadian goods
00:23after trade talks between the countries broke down.
00:26Beyond the tariffs, Champagne announced a 4.6 billion euro aid package for Canadian
00:32workers and businesses, saying the U.S. proposals were unfair and unacceptable.
00:37U.S. President Donald Trump has also threatened to double tariffs on Canadian vehicles from
00:412027, saying cars, trucks, automotive parts and steel would face duties of 50%.
00:49The escalating dispute marks a sharp deterioration in trade relations between the two neighbours,
00:53countries, with both sides defending measures to protect their economies.
00:57I want to be a great man too.
00:58I want to be a great man too.
00:59A performance figure iscamber.
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