U.S. President Donald Trump has signed an executive order increasing tariffs on Canadian goods that don't meet the terms of the Canada-U.S.-Mexico Agreement to 35 per cent.
Breakdown
- Trump increases tariffs on Canadian goods from 25% to 35%. 19s
- Tariff hike is attributed to Canada's lack of cooperation on fentanyl and trade retaliation. 42s
- Canada has not reached a new trade deal; negotiations will continue. 1m 1s
- Mexico secures a 90-day extension for trade talks with the US. 1m 31s
- Canadian officials face calls to respond strongly to the US tariff increase. 1m 43s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.