Canada, U.S. Trade Tensions Escalate

The video discusses the imposition of a 277% tariff on drywall by Canada Border Services, raising construction costs significantly. It explores the trade dispute between Canadian and American drywall producers, the impact on the housing market, and the broader economic implications. The video also touches on the softwood lumber dispute and ongoing trade negotiations, highlighting the complexities of trade relations between Canada and the US.

What is the percentage increase in the cost of drywall due to the new tariff imposed by Canada Border Services?

• 40%

• 10%

• 20%

• 30%

What is the main concern for the construction industry if the US imposes quotas on Canadian lumber?

• Improved trade relations

• Higher costs for construction

• Increased competition

• Decreased demand for US lumber

Which trade agreement is mentioned as a concern for Canada in the context of trade disputes?

• CETA

• NAFTA

• TPP

• USMCA

What measure has the Canadian government taken to try to cool the housing market?

• Reducing interest rates

• Increasing mortgage insurance rules

• Introducing a foreign buyers tax

• Providing subsidies for first-time buyers

Which Canadian province is highlighted as being particularly affected by the increased construction costs?

• British Columbia

• Quebec

• Ontario

• Alberta