Canada-US trade tensions escalate after collapse of talks | DW News
The Canada-US trade war has escalated sharply — with both countries planning to impose tit-for-tat tariffs on each other after last ditch talks collapsed over the weekend. Canada is hitting back with tariffs on some US imports from September 8, and for now, no further talks are planned. But Canadian Prime Minister Mark Carney says something much bigger has shifted,
which raises a question for Europe. Carney says this fall Canada will begin talks with the European Union for what he calls a much stronger and deeper security and economic partnership. But can Europe really provide Canada with an escape route from its dependence on America? We spoke to Jacob Funk Kirkegaard, a Senior Fellow at Bruegel – a major economic policy think tank based in Brussels.
Chapters:
00:00 US and Canada trade blows after trade talks collapse
00:18 Canadian PM Carney: US uses economic integration as a weapon
01:27 Interview Jacob Funk Kirkegaard, Bruegel think tank
01:51 Europe as an alternative market for Canada
02:46 Canada’s dilemma: depend on the US without becoming vulnerable to it
03:58 Why Canada rejected the deal on offer
05:38 How the EU reached a trade deal with the Trump administration
07:20 Lessons for Europe from the current US-Canada dispute
09:07 Could Canada realistically join the European Union?
#dwcurrentaffairs
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
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
