Ryan Greer of Canadian Manufacturers & Exporters discusses the wide-reaching impact of a 25% steel and aluminum tariff.
The video from MSN discusses former U.S. President Donald Trump's decision to impose tariffs on Canadian steel and aluminum, escalating trade tensions between the U.S. and Canada. This move was part of Trump's broader strategy to protect American industries, which he claimed were being harmed by unfairly traded imports. The tariffs, initially set at 25% on steel and 10% on aluminum, were met with significant backlash from Canada, with Prime Minister Justin Trudeau labeling them as "totally unacceptable." Canada responded with retaliatory tariffs on U.S. goods, leading to a trade dispute that strained relations between the two neighboring countries. The video likely includes commentary on the economic implications, political reactions, and the ongoing negotiations or lack thereof to resolve the trade war.
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