a fresh tit—for—tat trade spat between the world's in the last hour the us imposed 10% tariffs the same on us goods headed to its shores. tariffs on hold for mexico and canada as the us' neighbours agree to strengthen their borders. financial markets stabilise with investors what china. we begin with breaking news a fresh trade war between the us and china as just kicked off. at the top of the hour

the us went ahead on all chinese goods headed to the us. in the last few moments china has announced it is doing including crude oil and agricultural machinery. is filing a complaint with the world trade organization over action from the us. 1.5 percent. markets are now more muted.

after president trump spoke to canada's prime minister security at its border. our north america business correspondent in to threat of tariffs some canadian liquor tariffgsome canadian liduor are filled us brands stores are filled us brands from their shelves and tonight have been restocked, the they have been restocked. the were averted for now but, trade were averted for now but, for some, the be for some, the break will be permanent. mimicat cancelled a to amazon and.. two trip to amazon and netflix, two american companies because of trump�*s trade dress. she is not to sign back up. your is like w”"is"li’k§'"wi'n}f

is like wind changes 7”..- -t.°.. w. 7 to” "it 777 7to7 777it is from day to day, it is not acceptable and for me and i it 7 it is ' it is broke. cannot think it is broke. i cannot trust us to be the ally any here 7 herethey 77 7 7 77 7 here they parts 7 7 77 7 here they parts used 77 more. here they make parts used on other and were on other goods and they were bracing for the worst. around 80% of canadian exports end up in america. even with the the president said remained. questions remained. the is questions remained. the _ is there. - questions remained. the _ is there, this i uncertainty is there, this company has been in business for over 50 years. 50 years focogler 50 years. 50 years of both éuccess came from both sides creating working together. creating that a working together, greeting that a long to grieve. 7 to grieve. and 7 to grieve. and �* knowing that relationship 7 that relationship was 7 that relationship was as 7 as it is and that one a-enda can 777- person's agenda can change the whole and whole relationship and change the course of a business that been around for half a has been around for the half a century, it hurts a lot. in windsor— century, it hurts a lot. in windsor ontario, you can see the american city detroit the american city of detroit across the river. tonight just across the river. tonight the of betrayal by a

the feeling of betrayal by a neighbour replaced by a sense of relief, but for how long? canada's prime minister justin trudeau tweeted trudeau also said canada would appoint a fentanyl czar, list cartels as terrorists

when was elected the fact that the tablets were coming, 7 7not 7 not sure how a 7 7not sure how a problem i'm not sure how big a problem those two are, or theu�*ié-e�*hmy ere. e- �*they theu�*ié-e�*hmy ere. e- �* they are the=eteethma= ere. e- �* they are more theu�*ié-e�*hmy ere. e- �*they are more imagined whether they ere mere imegined mind �*trump but given in the mind of trump but given there is to be much more there is goingto�*oemuch more border security to try whatever and to stop whatever fenta nyl and immigrants to stop whatever fentanyl and immigrants are crossing that immigra ntssare—orossing that the to was the pretendit—ieh is te make tariffs go was the presendit—ieh is te meise tariffs go away so we . s. a... 7he7w|7u a... . . know whether he will ask for something else in 30 days or whether that will be the part of the 7:7: 7 but allegedly what trudeau today 7 what 7 77 what he 7 7 what he wanted. 7 was what he wanted. in the meantime. _ was what he wanted. in the meantime, what _ was what he wanted. in the meantime, what are - was what he wanted. in the meantime, what are you i was what he wanted. in the - meantime, what are you hearing about people are about how people are positioning themselves in the light �*this potential conflict? eonsomers are asset." -... . n have started conflict? gensomers are assets - have started boycotts, much last or sure how much they will last or how much they will realise does in fact come from the us but consumers like the

canadians have a third, canadians have a for being third, canadians have a for bei generous but kind—hearted and generous but we can be defensive when our kind—hearted and generous but we can be under ;ive when our kind—hearted and generous but we can be under threat. en our sountryisunder threat. . are concerned several natural resource what several natural resource industry is powering the 7777literal71y77 7 literally a7nd 7 literally a7nd figurative77ly, us, literally and figuratively, so there have threats that so there have been threats that will turn out the in the will turn. set the lights in. the if they want to hit us with will turn. set the lights in. the if t i ey want to hit us with will turn. set the lights in. the ifi i don't 1t to hit us with will turn. set the lights in. the ifi i don't thinkiit us with will turn. set the lights in. the ifi i don't think that with will turn. set the lights in. the ifi i don't think that is ith paris, i don't think that is the best strategy but it than: .. . ... degree to the degree terwhish eanaaians upset one the degree terwhish eanadians upset one man, as in an earlier clip, played in an earlier—clip. has capacity played in an earlier—clip, has capacity to the the capacity to redirect the canadian so that is the situation in canada — applied. china is suit with a raft of tariffs to dr harry broadman

i think frankly, ithink frankly, like i think frankly, like he did with he to china china is very xi is expecting that, now the this cat is out of the bag that this is how trump wants to use it is the beginning tariffs, it is the beginning perhaps �*a discussion, but if were 6! were a serious were you’re serious were you’re not iaus were you’re not expecting then get on phone with

to then getonthe phone with a of state trying to impose so this 7 so this is something so this is orchestrated by the way that = -: isseees7see as.- =-—e:_ wa nts to wants to use as a bargaining he wants to use as a bargaining chip, and what is also extraordinary is of coming 7777 7777comin7g up coming up in a trade war — -7—7 not economic, but other 7 77 777l7ik7e7the7 7 7 77717”; iii; borde7r,7777 7 7 like we area’s; things, like the border, so it is as if trump sees tariffs as his own toolkit to try to his own. toolkit tetryste a. was. s our his own. toolkit totrysto — .. — . .. our policy his own. toolkit totrysto — w — . w our policy with cjyange our policy with respect other countries. i other countries. ch- i !~7;% othercountries. ., ., ., ts'ether seontriess mexico might have it simple to thought it was quite simple to promise to president trump what wanted, for example much he wanted: {oi-example much security at the border, more measures to prevent many more measures to prevent —— prevent fenta nyl many more measures to prevent —— prevent fentanyl crossing —— prevent fenta nyl crossing with —— prevent fentanyl crossing with china, it is not so but, with china, it is not so chains as eve one simple; - chains as everyone knows 777-—— china are quite 7 they china are quite

sophisticated and quite in terms of both up mine-in in firm: st if” down mosaics in tcrflfl st iafs’fhee " ' down supply chain so this is notjust a question of fixing portal, not fixing the portal, not that those insignificant, but those are insignificant. but network supply chains, the network of supply chains, ships, trucks, and ships, trucks, consumers and workers, everyone is affected when you the two largest when you have the two largest of the world a war. whether 7 war. whether this �* actually turns out to be a war actually turns out to be a trade war, after xi and trump speak on the phone which planned, in the already planned, may be in the next day or two, will say next day or two, xi will say something that will satisfy .....,..-., ...,,...,... | something that will satisfy " ' ”' ” ' i don't think so 27-— are the theatrics those are the theatrics going on in the background. and it the trump strategy to undercuts the trump strategy to try to be a strong man relative undercuts the trump strategy to trj other a strong man relative undercuts the trump strategy to trj other countries nan relative undercuts the trump strategy to trj other countries around ative undercuts the trump strategy to trj other countries around thee to other countries around the using tariffs. to other oountziessseuadsthe - using tariffs.- a former 7 777 77 7 77 aformerchief harry broughton, a former chief of staff the us president's

.. ..-..°f. .- a .. a. of economic advisers. council of economic advisers. interesting to get his take on things. another roller—coaster for traders today. across asian markets. now investors are wary spat between the with the trade spat between the and china gathering speed. interesting to see that those rallies— interesting to see that those rallies in_ interesting to see that those rallies in asia did not get because 77777777—77777 7 7777—77 77 yesterday because they still had i 30 _ yesterday because they still had 30 day for trump emil brin back tariffs on canada to bring back tariffs on canada act mexico, the revenue tariffs on china — act mexico, the revenue tariffs on china and the old ones were source of conflict just source'of'co'nftict'b ., two just source'of'conftict'between - wm_ just source'of'conftict'between two and that we have the just source'of'conftict'between two and that we ha of :he raisin- the stakes. now r see - the stakes. now r see what stakes. now r see what comes now r see what comes out w r see what comes out of we will see what comes out of

- talks, _ we will see what comes out of - talks, - at - those talks, looking at _ trump - those talks, looking at trump on x, formerly those talks, looking at he imp on x, formerly those talks, looking at he seems x, formerly those talks, looking at he seems to formerly those talks, looking at he seems to be �*merly twitter,, he seems to be - what— twitter,, he seems to be what happens with china linking what happens with china to ., , to tiktok. there are these conversations _ to tiktok. there are these conversations about - to tiktok. there are these conversations about the i to tiktok. there are these - conversations about the future of tiktok likely to be revealed negotiations are ongoing. soon, negotiations are ongoing. as i said to harry britain, it is such complicated is =u=h e ama'eehed " between the is =s=h e unne'seese —— between the us is =u=h e ama'eehed " between the us and on so many “— shine on so many leuels “r broadbent. ehloa so so maoy lessees == 7 broadbent. �* did 7 did not remove tariffs placed by trilrnprsimfl*"'*”"""*""’ added to them so the actually added to them so the tensions— actually added to them so the tensions have on for tensions have been --oinron for years tensions have been oin on for years and tensions have been goingron for years and they have not eight years and they have not come — eight years and they have not come technology, national come down, technology, national security, — come down, technology, national security, intellectual property, all hot issues and _ phone - property, all hot issues and phone call can whether one phone call can resolve _ whether one phone call can resolve those issues is difficult tell but it seems

difficult—to tell— . ' to see what happens conversation after the conversation between . .- -. ..- so. . . . trump and after the conversation between . .- so so so. o . . trump and xi later presidents trump and ¥'eter " ~ .. ~ " week but from a chinese its 7 7 7its 7 in perspective, its economy is in a spot, and has been a tough spot. and has�*o'een '" ..... since a tough spot. and has�*o'een ”' ”” since the pandemic, the really since the pandemic, the is not kicking in, there growth is not kicking in. there also some issues impacting are also some issues impacting the chinese 850 00:12:21,023 -->