Trump bans $1 billion in Canadian imports as trade fight escalates | DW News
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Trump bans $1 billion in Canadian imports as trade fight escalates | DW News
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US President Donald Trump has escalated his trade dispute with Canada, imposing a ban on nearly $1 billion worth of Canadian imports including alcoholic beverages, dairy products and motorcycles.
The direct economic impact may be relatively small compared with the vast amount of trade between the two countries, but the political stakes are growing. Trump predicts Canada will eventually back down, while Prime Minister Mark Carney has promised to stand up to Washington and reduce Canada's economic dependence on the United States.
So who has more leverage? How long can Canada withstand increasing US pressure? And could the dispute cause lasting damage to one of the world's closest trading relationships?
DW's Brent Goff speaks with Lawrence Herman, a veteran Canadian international trade lawyer, former diplomat and senior fellow at the C.D. Howe Institute.
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The direct economic impact may be relatively small compared with the vast amount of trade between the two countries, but the political stakes are growing. Trump predicts Canada will eventually back down, while Prime Minister Mark Carney has promised to stand up to Washington and reduce Canada's economic dependence on the United States.
So who has more leverage? How long can Canada withstand increasing US pressure? And could the dispute cause lasting damage to one of the world's closest trading relationships?
DW's Brent Goff speaks with Lawrence Herman, a veteran Canadian international trade lawyer, former diplomat and senior fellow at the C.D. Howe Institute.
For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Instagram: https://www.instagram.com/dwnews
►TikTok: https://www.tiktok.com/@dwnews
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Reddit: https://www.reddit.com/user/DWNews/
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
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