Navigating the Trade Tensions: Leverage and Consequences

<p>On Saturday, Prime Minister Justin Trudeau announced that the federal government would hit back against the U.S. after President Donald Trump launched a trade war against Canada.</p><p><br></p><p>Starting Tuesday, the U.S. is imposing 25 per cent tariffs on most Canadian goods and 10 per cent on energy products in particular. In response, Trudeau said that the federal government would levy retaliatory 25 per cent tariffs on $155 billion worth of U.S. goods.</p><p><br></p><p>CBC senior business reporter Peter Armstrong on the consequences of a Canada-U.S. trade war, and what these tariffs might mean for the average Canadian.</p><p><br></p><p>For transcripts of Front Burner, please visit: <a href="https://www.cbc.ca/radio/frontburner/transcripts" rel="noopener noreferrer" target="_blank">https://www.cbc.ca/radio/frontburner/transcripts</a></p>