00:00 - 00:03

tonight the Army released the identity

00:01 - 00:05

of the third crew member aboard that

00:03 - 00:07

Blackhawk helicopter that collided with

00:05 - 00:10

an American Airlines flight over the

00:07 - 00:12

pomac river this week Captain Rebecca

00:10 - 00:16

lowack a native of Durham North Carolina

00:12 - 00:19

was 28 years old 67 people were killed

00:16 - 00:21

in the crash tonight president Trump as

00:19 - 00:23

threatened has hit most imports from the

00:21 - 00:25

United States top three trading partners

00:23 - 00:28

with tariffs of up to

00:25 - 00:30

25% billions of dollars worth of goods

00:28 - 00:32

are affected the nonpartisan tax

00:30 - 00:35

Foundation says tariffs could cost the

00:32 - 00:39

average American family

00:35 - 00:41

$830 a year cbs's Willie James Inman is

00:39 - 00:45

in West Palm Beach near where president

00:41 - 00:45

Trump is spending the weekend Willie

00:45 - 00:49

James Nancy good evening to you

00:47 - 00:52

president Trump delivering on a key

00:49 - 00:55

campaign threat imposing punishing

00:52 - 00:58

tariffs on Canada China and Mexico a

00:55 - 01:00

move that economists warn will raise

00:58 - 01:02

prices for Americans

01:00 - 01:04

president Trump throwing the first punch

01:02 - 01:07

in a fight with America's largest

01:04 - 01:10

trading partners imports from Canada and

01:07 - 01:14

Mexico will be hit with a tariff of

01:10 - 01:16

25% imports from China 10% the President

01:14 - 01:19

says the tariffs are a reaction to

01:16 - 01:21

Illegal migration elicit fentel and

01:19 - 01:23

trade deficits number one is the people

01:21 - 01:25

that have poured into our country so

01:23 - 01:27

horribly and so much number two are the

01:25 - 01:30

drugs fentol and everything else

01:27 - 01:32

government data shows over 21,000 pounds

01:30 - 01:35

of illicit fentel was seized at the US

01:32 - 01:37

Southern border during fiscal year 2024

01:35 - 01:40

but only 43 pounds of the drug was

01:37 - 01:41

seized at the Canadian border Canadian

01:40 - 01:44

Prime Minister Justin Trudeau said the

01:41 - 01:47

country is at a critical moment we're

01:44 - 01:50

ready with a response a purposeful Force

01:47 - 01:53

forceful but reasonable immediate

01:50 - 01:56

response nearly 30% of All Imports to

01:53 - 01:58

the US come from Canada and Mexico

01:56 - 02:00

experts say prepare for sticker shock on

01:58 - 02:03

everything from Mexican tequila and

02:00 - 02:05

avocados to Canadian supplied car parts

02:03 - 02:07

energy and lumber a tariff at the end of

02:05 - 02:09

the day for Americans it's attacks there

02:07 - 02:12

will be pain for Americans at the gas

02:09 - 02:17

pump and other places the White House

02:12 - 02:20

also put a 10% tariff on Canadian energy

02:17 - 02:24

Imports now Canada is America's largest

02:20 - 02:26

supplier of both oil and natural gas

02:24 - 02:29

Nancy Willie James Inman thank you trade

02:26 - 02:30

between the US and Canada is big

02:29 - 02:33

business in early today I spoke with

02:30 - 02:35

Ontario Premier Doug Ford the province

02:33 - 02:37

is Canada's largest trading partner with

02:35 - 02:42

the US in the first three quarters of

02:37 - 02:44

2024 roughly $683 billion in goods and

02:42 - 02:49

services crossed the US Canada border

02:44 - 02:51

that is nearly 2.5 billion every

02:49 - 02:53

day Premier Ford president Trump's

02:51 - 02:56

tariff threat it is now a reality is

02:53 - 02:58

this the start of a trade War well Nancy

02:56 - 03:01

I I hope it's not uh we're the two

02:58 - 03:04

closest strongest allies in the entire

03:01 - 03:06

entire world we're the number one

03:04 - 03:08

customer uh for the US and the American

03:06 - 03:10

people this is going to hurt both sides

03:08 - 03:12

of the Border it's going to create

03:10 - 03:15

inflation in the US create inflation in

03:12 - 03:18

Canada that said you have backed strong

03:15 - 03:20

in forceful counter tariffs what are

03:18 - 03:22

they let's see what uh president Trump

03:20 - 03:24

comes out with but I can tell you one

03:22 - 03:27

thing we aren't going to lie down and

03:24 - 03:30

roll over uh we will use every single

03:27 - 03:34

tool we have in our toolbox to retaliate

03:30 - 03:36

60% of our energy gets flowed down to

03:34 - 03:39

the US the electricity that Ontario

03:36 - 03:42

provides to keep 1.5 million homes lit

03:39 - 03:44

up in in Michigan in New York in

03:42 - 03:46

Minnesota and the list goes on our

03:44 - 03:48

high-grade nickel that we shipped out to

03:46 - 03:50

the US would those potentially be

03:48 - 03:53

sectors that you could and would Target

03:50 - 03:55

then everything's on the table

03:53 - 03:58

absolutely everything uh nothing's off

03:55 - 03:58

the table right now

The Impact of Tariffs on US-Canada Trade Relationship

In recent news, the Army disclosed the identity of the third crew member onboard the Blackhawk helicopter that collided with an American Airlines flight, while President Trump followed through on his threat to impose tariffs on imports from the United States' top three trading partners - Canada, China, and Mexico. The tariffs, reaching up to 25%, have economists warning of increased prices for American consumers. Amidst the escalating trade tensions, Canadian Prime Minister Justin Trudeau has vowed a purposeful and forceful response, signaling a potential trade war brewing between the two allies.

President Trump's rationale for the tariffs includes addressing issues such as illegal migration, illicit fentanyl, and trade deficits. With these new tariffs in place, experts anticipate a significant impact on a wide range of products, from Mexican tequila and avocados to Canadian-supplied car parts, energy, and lumber. The White House has even imposed a 10% tariff on Canadian energy imports, despite Canada being a primary supplier of oil and natural gas to the US. Consequently, Americans are likely to experience increased costs in various sectors, including at the gas pump.

As the trade relationship between the US and Canada faces uncertainty, Ontario Premier Doug Ford expressed concerns about the potential consequences of these tariffs on both sides of the border. Given that 60% of Ontario's energy exports flow to the US, retaliatory measures are being considered, with all options on the table. Premier Ford emphasized that Canada will not refrain from utilizing all available tools to respond, potentially targeting sectors such as energy and high-grade nickel exports to the US.

The looming trade dispute underscores the intricate economic ties between the US and Canada, with billions of dollars at stake in goods and services crossing the border daily. Premier Ford's statements reflect the shared interests and interconnectedness of the two nations, underscoring the need for a measured and strategic approach to address the challenges posed by escalating tariffs. Amidst the uncertainties ahead, the resolve of both nations to safeguard their economic interests and leverage all available resources hints at a protracted and taxing showdown in the realm of international trade.

The unfolding events in the US-Canada trade relationship serve as a stark reminder of the intricate balance between economic interests and diplomatic relations on the global stage. As both nations navigate the complexities of trade policy, the repercussions of these tariffs extend beyond mere economic considerations, underscoring the broader implications for political relations and global trade dynamics.