Canada hits back at the US with $20Bn tariffs on US goods

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Finance Minister François-Philippe Champagne announced ‘dollar-for-dollar’ counter-tariffs on a swath of U.S. goods — with a sliding scale of 15, 25 and 50 per cent. Ed Butler speaks to an shipping expert and asks if anyone really knows how much oil and gas is currently being exported from the Middle East via the Strait of Hormuz. And Volkswagen's Chief Executive has embarked on tour of German plants amid a plan for the auto giant to cut tens of thousands of jobs at home.