'Surprisingly big deal': Economist on Trump's new 50% Canada tariffs

By CNN

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President Donald Trump on Monday announced sweeping tariffs against Canada, threatening to reignite a trade battle with one of America’s closest allies and top economic partners. The 50% tariffs on certain Canadian goods, including electrical equipment and machinery, are among the steepest tariffs his administration has levied against any country. CNN's Phil Mattingly speaks with University of Michigan economics professor Justin Wolfers about the potential ripple effects of Trump's new Canada tariffs. Also, CNN's David Goldman has the details on the tariffs, and CNN's Sara Sidner discusses the issue with the Newsnight panel. 0:00 How are Trump's new Canada tariffs different? 2:21 Economist says most of our economic challenges are "coming straight from Washington" 3:29 What Canadian good are impacted by Trump's new 50% tariffs 5:32 Canadian PM Mark Carney reacts to Trump's move Watch 24/7 live news with CNN Headlines: https://bit.ly/4eIvlTr #Trump #Canada #News

Tags: latest news, Happening Now, CNN, Canada, Canada Tariffs, Tariff, Trump Tariffs, President Donald Trump, Trump, Trump Administration, Trump Trade War, Trade, US-Canada Relations, Mark Carney, Prime Minister Mark Carney, Hockey Sticks, Canada Alcohol, Global Economy, Phil Mattingly, The Lead