The Trump administration imposed 50% tariffs on Canadian goods after marathon trade talks collapse. FOX Business’ Lydia Hu reports on Canada’s retaliatory measures and Prime Minister Mark Carney’s response to the economic escalation.
U.S. tariffs of 50% take effect on $20 billion of Canadian goods after trade talks break down. Lydia Hu details Canada’s plans for dollar-for-dollar retaliatory tariffs on steel, dairy, and electronics. Canadian Prime Minister Mark Carney defends his nation’s sovereignty, stating they refuse to compromise key industries during negotiations with the Trump administration.
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