00:00Canada responded to the United States on Tuesday with a new trade offensive and promises to defend its economy against
00:06President Donald Trump's aggressive tariff policy.
00:09Prime Minister Mark Carney, a government, announced tariffs on about 700 United States products in a retaliatory measure that seeks
00:16to match dollar for dollar the tariffs imposed by Washington.
00:19This move, considered a historic shift in attitude by Washington's usually accommodating neighbor, will affect United States' exports worth approximately
00:27$20 billion and will take effect on September 8.
00:31The tariffs ranging from 15 to 50 percent will affect strategic sectors such as steel, daily products and home appliances,
00:39among others.
00:39Canada also announced a package of more than $7 billion to support companies and workers affected by the United States'
00:46measures.
00:47This dispute, which began with the White House's tariff battle, threatens to escalate into a confrontation over economic sovereignty, employment,
00:55culture and power relationships between what were once strong trade partners.
Comments