In a last-minute agreement between Canadian Prime Minister Justin Trudeau and U.S. President Donald Trump, a potential trade war between the two nations has been temporarily put on hold. The agreement, centered around a border security plan that Canada will implement, has resulted in a 30-day pause on tariffs that were looming over the automotive industry and other sectors. David Akin delves into how Trudeau and Trump were able to reach a compromise, how Canada plans to secure its border to satisfy Trump, and whether this agreement will have a lasting impact on the uncertain trade situation.
Canada’s automotive industry, which contributes a significant $18 billion to the country’s GDP, was facing the threat of drastic reductions if Trump followed through on his tariff threats. Shallima Maharaj speaks with the owner of a vehicle component manufacturing company about the potential consequences for his livelihood and the industry as a whole.
Meanwhile, many Canadians have taken to protesting the proposed tariffs by making changes to their shopping lists and travel plans in order to avoid purchasing American goods and visiting destinations in the U.S. Heather Yourex-West examines the effectiveness of the “Buy Canadian” pledge and how it could potentially influence consumer behavior in light of the trade tensions between Canada and the U.S.
The agreement between Trudeau and Trump has brought a temporary reprieve to the escalating trade tensions, but the future remains uncertain as negotiations continue. Stay tuned for further updates on this developing situation. For more information, visit the link provided.
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Video “Global National: Feb. 3, 2025 | Canada-US border agreement results in 30-day pause on tariffs” was uploaded on 02/04/2025 to Youtube Channel Global News