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Crossroads with Joshua Philipp

US–Canada Trade War Hits Markets; Trump Threatens Historic Retaliation

Crossroads with Joshua Philipp

The Epoch Times

Government, Education

4.9594 Ratings

🗓️ 13 March 2025

⏱️ 69 minutes

🧾️ Download transcript

Summary

A trade war is kicking off between the United States and Canada. The new Canadian prime minister is promising to win the financial battle. President Donald Trump, meanwhile, is working on his own response, which he says will include actions that will go down in history.

Transcript

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0:00.0

A trade war is kicking off between the United States and Canada with new Canadian Prime Minister Mark Carney promising to win the financial battle against the United States.

0:11.0

Now this is as Trump looks to respond with actions that he says will go down in history.

0:17.0

And as all this happens, Trump is retaliating against Canada for Ontario's 25% tariff on electricity to three U.S. states.

0:26.4

In other news, new FBI director Cash Patel is saying, the FBI, quote, will be opening the books at levels never done before.

0:36.2

And also, Bordazar Tom Homan is saying that the recent arrest of the Columbia University

0:40.7

pro-Palestine organizer will be the first of many such arrests.

0:46.0

This is as Speaker Johnson expands deportation threats to terror supporters.

0:51.3

I'm the Epic Times Senior Investigator reporter Joshua Phillip and you're listening

0:55.4

to Crossroads.

1:00.3

A trade war, a new one is kicking off between the United States and Canada. The brand new

1:07.7

Canadian Prime Minister before the upcoming elections in Canada coming up very soon, that's Mark Carney.

1:14.0

He is promising that they are going to win the financial battle against the United States and beat us in hockey.

1:21.5

Now, President Donald Trump, meanwhile, is working on his own response, which he says will include actions that will go down in history.

1:29.9

They will echo through the history books, he says.

1:33.0

Now, like first off on the markets, though, Epic Times said this.

1:36.7

It says the U.S. stock market extended its sell-off on March 11th after President Trump hit Canada with more tariffs.

1:46.3

After trading in positive territory at the opening bell, the blue chip Dow Jones Industrial average plummeted more than 500 points

1:53.3

or 1.2%. Now notes, the Dow Jones is down close to 3% this year, and the tech-heavy NASDAQ composite index

2:02.9

tumbled more than 100 points or about 0.6%.

2:06.5

Now, that's the index slipped into correction territory to start the trading week and falling

2:13.3

10% from its high.

2:15.3

The broader S&P 500 index sheds 0.7%, adding to its year-to-date decline of more than 5%.

...

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