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02:12
Canada: New tariffs freeze Canadian trade relations with US
Ottawa, Canada - February 02, 2025 The United States and Canada are locked in a deepening trade conflict after the U.S. government imposed new tariffs on Canadian products, prompting Canada to respond with retaliatory measures. The move has sparked fears of economic damage on both sides, with analysts warning of potential recession and a shift away from globalization. U.S. President Donald Trump signed an executive order on Saturday, imposing a 25-percent tariff on all Canadian products except oil and other than energy resources, which will be subject to a 10-percent tariff. Canada's Prime Minister Justin Trudeau hit back, announcing a series of retaliatory tariffs on U.S. products, with an initial 25 percent tariff on 30 billion dollars' worth of goods set to take effect on Tuesday, while additional tariffs will be phased in over the coming weeks. For many Canadians, the U.S. tariffs are deeply concerning. Trump said he is taking the action due to border security, saying Canada is not doing enough to stop the flow of undocumented migrants and drugs - specifically fentanyl - into the U.S. - an allegation Canada denies. For many in Canada, there is shock and uncertainty following the flurry of tariff announcements. And there is a genuine concern as to just how deeply the tariffs will hurt the Canadian economy. Some analysts say the move could shave billions off Canada's GDP and could plunge the country into a painful recession with a risk of damage on both Canada and the U.S. With Trump imposing new tariffs on Mexico and China as well, and threatening more on the European Union - globalization trends could be reversed. For now, affairs between the U.S. and Canada are on thin ice. But it is hoped that in time, the relationship can get back on track. Shotlist: Ottawa, Canada - Feb 2, 2025: 1. Parliament Hill; 2. Canadian national flag; 3. People skating; 4. SOUNDBITE (English) local resident (name not given) (starting with shot 3/ending with shot 5): "I think in general, people are frustrated and I think people will be a little bit angry about it, and I think what it will do, it will rally Canadians together and we will respond in a unified manner to the U.S."; 5. Various of Canadian national flag, Parliament buildings 6. SOUNDBITE (English) local resident (name not given) (starting with shot 5): "There will be unity of frustration against the U.S. positions. I think the economic impacts will be significant on this country given the size of the trading relationship."; Windsor, Canada - Jan 30, 2025 7. Ambassador Bridge; 8. Sign reading: "To USA, Ambassador Bridge"; 9. Sign reading: "Bridge to U.S.A."; 10. Various of bridge, traffic, flags; 11. Various of traffic, pedestrians, Canadian national flag; Ottawa, Canada - Feb 2, 2025 12. SOUNDBITE (English) Mario Seccareccia, Professor Emeritus, University of Ottawa (partially overlaid with shot 13): "We have a lot of products that are intermediate, or a kind of inputs. If you buy a car in the United States, chances are there are many parts to it that have been produced in either Canada or Mexico. There's a whole compounding effect that could be very disastrous for both sides, in this case, for sure."; [SHOT OVERLAYING SOUNDBITE] Detroit, Michigan, USA - Jan 9-10, 2025 13. Various of vehicles demonstrated at Detroit Auto Show, visitors; [SHOT OVERLAYING SOUNDBITE] FILE: Canada - Date Unknown 14. Various of worker moving goods with forklift in warehouse; Ottawa, Canada - Feb 2, 2025 15. SOUNDBITE (English) Mario Seccareccia, Professor Emeritus, University of Ottawa (starting with shot 14/partially overlaid with shot 16): "I have a feeling that we're going to be going into a world that is going to be less globalized, for sure. There's no question about that. But also more mistrustful, more nationalistic, with the egos that will ultimately want to impose certain views. And I think we've seen a little bit of that already, but I think we could see a lot more of that, which I think really spells bad for the world."; [SHOT OVERLAYING SOUNDBITE] FILE: New York City, USA - Oct 2024 16. Various of port scene, Statue of Liberty; [SHOT OVERLAYING SOUNDBITE] Ottawa, Canada - Feb 2, 2025 17. Various of people skating. [Restriction - No access Chinese mainland]
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