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Transcript

00:00:00
>>
MUSIC]
00:00:01
US President Donald Trump is facing fierce backlash from his own Republicans after imposing tariffs on close US allies, and seeing those friendly nations retaliate. Trump on Thursday slapped tariffs as high as 25% on metals imported from the European Union, Mexico, and Canada.>> We lose a lot of money with Canada, and we lose a fortune with Mexico.
00:00:24
And it's not gonna happen like that anymore.>> US House Speaker Paul Ryan condemned the move saying it quote, targets America's allies when we should be working with them to address the unfair trading practices of countries like China. Nebraska Senator Ben Sasse called the tariffs quote, dumb, adding quote, we've been down this road before.
00:00:45
Blanket protectionism is a big part of why America had a Great Depression. Make America Great Again shouldn't mean make America 1929 again. Republicans facing tough elections worry voters will take it out on them if the latest tariffs and similar moves against China ignite a global trade war. White House and politics editor Caren Bohan is following this story.
00:01:07
>> There are a lot of highly competitive races in states like Tennessee and Wisconsin where the tariffs will have a big impact. And that puts the Canada to a really difficult position.>> Canada, the largest supplier of steel to the US, on Thursday, firing back with tariffs of its own.
00:01:26
On about $12 billion worth of US goods, including whisky, orange juice, and aluminum. Canadian Prime Minister, Justin Trudeau, called Trump's action, quote, totally unacceptable.>> These tariffs will harm industry and workers on both sides of the Canada-US border.>> Mexico also plans to retaliate on US farms and products, like pork legs, apples, and cheese.
00:01:50
The European Union is challenging the new tariffs with the World Trade Organization. It plans to hit the US with import taxes on goods such as Harley Davidson motorcycles built on the home turf of Paul Ryan.