4.4 • 2.1K Ratings
🗓️ 5 March 2025
⏱️ 53 minutes
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0:00.0 | Good evening. I'm Jeff Bennett. And I'm Omna Nawaz. On the news hour tonight, businesses are hit by new tariffs that the United States is slapping on Mexico and Canada in what's become a global trade war. |
0:16.7 | Canadians are reasonable and we are polite, but we will not back down from a fight. |
0:22.6 | Ukraine scrambles to salvage its fractured alliance with the U.S. after the White House suspends military aid to the country at war. |
0:30.6 | And President Trump prepares to give his first address to Congress since returning to office as he slashes the federal workforce |
0:38.8 | and reshaves American foreign policy. |
0:41.3 | Welcome to the News Hour. |
0:55.4 | Ahead of the president's address to Congress tonight, the White House is implementing two new policies with global consequences. |
1:02.3 | The Trump administration is halting military aid to Ukraine and it's imposing new tariffs on Mexico, Canada, and China. |
1:09.9 | That sparked a wider trade war and sent |
1:12.3 | markets plummeting for a second day in a row. We start tonight with the economic fallout. |
1:19.2 | Hours after the new tariffs took effect, a blunt rebuke from America's second largest trading partner. |
1:24.7 | Even though you're a very smart guy, this is a very dumb thing to do. |
1:31.3 | Speaking directly to President Trump, Canadian Prime Minister Justin Trudeau announced |
1:35.3 | tariffs on more than $100 billion of U.S. exports in the coming weeks, a quarter of which |
1:41.3 | take effect immediately. |
1:43.3 | Canadians are reasonable and we are polite, but we will not back down from a fight. |
1:49.0 | Our tariffs will remain in place until the U.S. tariffs are withdrawn. |
1:55.0 | The new U.S. tariffs in effect today impose a 25% tax on imports from Canada and Mexico and raise duties on Chinese |
2:03.2 | goods to 20%. |
2:04.7 | It may well be short-term price movements, but in the long term, it's going to be completely |
2:11.4 | different. |
2:12.2 | Commerce Secretary Howard Lutnik defended the tariffs on CNBC and said they could be lifted later on. |
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