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Canada imposes tariffs on U.S. imports | Vietnam Today
Canada imposes tariffs on U.S. imports | Vietnam Today
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0:00
Now, to recap, on Tuesday night, the
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Canadian government announced tariffs on
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goods exported from the United States to
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Canada with rates of up to 50%. The move
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is widely seen as Canada's retaliation
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against the United States 50% tariff on
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Canadian goods exported to the US
0:15
following the collapse of tariff
0:17
negotiations between the two countries
0:18
in Washington, D.C. late last week. And
0:21
here is a report from Vietnam
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Television's correspondent in the United
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States.
0:29
>> Around 700 US-made products, ranging
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from honey, cheese, and fish to
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smartphones and steel, are now subject
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to Canadian import tariffs. Canada says
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these are among the products most
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affected by US tariffs in retaliation
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for Washington's 50% tariff on roughly
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$20 billion worth of Canadian imports
0:49
after trade talks broke down last
0:51
Friday.
0:53
>> Today, I'm announcing that Canada will
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match the United States tariffs dollar
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for dollar, rate for rate.
1:01
Effective September 8, Canada will
1:03
impose counter tariffs of up to 15, 25,
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or 50% on 27.6 billion in imports from
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the United States of America.
1:15
For each product, our tariff would match
1:17
the American tariff on the same type of
1:21
Canadian good.
1:22
>> Tensions could continue to escalate as
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US President Donald Trump has announced
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plans to raise tariffs on Canadian cars,
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trucks, auto parts, and steel to 50%
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effective January 1st, 2027. Businesses
1:37
and residents on both sides of the
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border are calling for tensions to ease
1:41
and for trade between the two countries
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to return to normal.
1:44
>> See a lot of threats in the short term
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with with tariffs on both sides going
1:49
up, and then
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the business community, as well as folks
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in the states along the border and the
1:55
provinces on the other side of the
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border, We'll put pressure on the
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government to and and
2:00
on both sides to say let's come to some
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agreement because this is ridiculous for
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both of our economies.
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>> US and Canada are long ally and close
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partner with deep tie and many common
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interest.
2:11
But if the tariffs continue for too
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long, they could end up hurting both
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sides.
2:15
In a North America economy as a deeply
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interconnected as it is today, one side
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victory could come at cost for both
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sides.
2:24
That's it for Vietnam today.
