The United States is set to implement a 25 percent tariff on Canadian goods starting March 4, a move that economists warn will significantly impact the Canadian economy.
The auto industry is expected to be the most affected sector, with major manufacturers facing increased costs that could lead to higher prices for consumers and potential job losses within the industry.
Dan Williams of CGTN reports from Ottawa, where business leaders and government officials are preparing for the influx of tariffs and strategizing on how to mitigate the economic repercussions.
This development comes amid ongoing trade tensions between the two neighboring countries, raising concerns about the broader implications for North American trade relations and the global automotive market.
