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00:02The United States banned a broad range of Canadian alcoholic beverages, motorcycles
00:07and dairy products from Import Tuesday, according to Reuters.
00:11The move escalated its trade dispute with Canada after Ottawa's retaliatory tariffs
00:16on U.S. goods took effect.
00:18The U.S. bans take effect Septin-29 and cover beer, wine, whiskey, vodka and rum, along
00:24with whey protein and non-alcoholic beer.
00:27Various Canadian cheeses will instead face a 50% tariff.
00:31Canada's retaliatory measures cover about $20 billion of U.S. goods, with duties ranging
00:38from 15% to 50%.
00:40The measures followed U.S. tariffs of 50% on about $20 billion of Canadian goods after trade
00:46negotiations between the two countries collapsed.
00:49For all things money, visit Benzinga.com.
