Trump tariffs: Canada fights back with retaliatory price hikes

The Trump administration imposed 50% tariffs on Canadian goods after marathon trade talks collapse. Lydia Hu reports on Canada's retaliatory measures and Prime Minister Mark Carney's response to the economic escalation.

U.S. tariffs of 50% take effect on $20 billion of Canadian goods after trade talks break down. Reporter Lydia Hu details Canada's plans for dollar-for-dollar retaliatory tariffs on steel, dairy, and electronics. Canadian Prime Minister Mark Carney defends his nation's sovereignty, stating they refuse to compromise key industries during negotiations with the Trump administration.