In a tense and crucial conversation, U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau reached a temporary agreement, postponing threatened tariffs for 30 days. With the deadline looming, Canada committed to increasing its border security measures, but is this enough to avoid the potentially devastating impact of U.S. tariffs on the Canadian economy? Dive into the details of their discussions and what both leaders might have agreed upon behind closed doors to avert a trade crisis.
#Trump #Trudeau #CanadaTariffs #USCanadaRelations #TradeTalks #USTariffs #BorderSecurity #EconomicImpact #GlobalTrade #TrumpTrudeauCall
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#Trump #Trudeau #CanadaTariffs #USCanadaRelations #TradeTalks #USTariffs #BorderSecurity #EconomicImpact #GlobalTrade #TrumpTrudeauCall
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00:00consider various other things.
00:03We haven't agreed on tariffs yet.
00:04And maybe we will, maybe we won't.
00:06Banks are not, as an example, allowed.
00:08Did you know that, that banks, American banks,
00:09are not allowed to do business in Canada?
00:11Can you believe that?
00:12But we have a very good relationship.
00:14I also spoke with Prime Minister Trudeau of Canada.
00:18On the tariffs, is there any chance that Canada or China
00:21could also get out of the tariffs
00:23after you start the deal with Mexico?
00:24Well, nobody is out with Mexico.
00:26We had a great talk with Mexico.
00:30And we had President Scheinbaum is a woman.
00:35I like her very much.
00:36We've had good relationships.
00:38But we have to stop fentanyl from coming in,
00:40whether I like somebody or not.
00:41And we have to stop the illegal aliens from coming in.
00:45I think we've lost 200,000 people on average a year
00:48for many years, much higher than the 100,000.
00:51Could be even closer to 300,000.
00:54And they've agreed to put in 10,000 soldiers permanently,
00:59like forever, 10,000 soldiers at their side of the border
01:03and stop fentanyl and illegal aliens
01:05from coming into our country.
01:07They have a big incentive to do.
01:09Other than that, we've agreed to talk
01:11and consider various other things.
01:14We haven't agreed on tariffs yet.
01:16And maybe we will, maybe we won't.
01:18But we have a very good relationship.
01:20I also spoke with Prime Minister Trudeau of Canada.
01:25And we had a good talk in the morning.
01:27But I did ask him a couple of questions, like,
01:29you know, banks aren't allowed to do business in Canada.
01:32Canada is very tough.
01:33Canada is very, you know, we're not treated well by Canada.
01:37And we have to be treated well.
01:41Banks are not, as an example, allowed.
01:43Did you know that, that banks, American banks
01:45are not allowed to do business in Canada?
01:46Can you believe that?
01:48And that's one of many things we talked about.
01:50And I think we'll win most of the subjects.
01:54But for some reason, a lot of things
01:57have been very unfair with Canada.
01:58I noticed that in the first term.
02:00You deal with people, and after a while,
02:02you begin to realize, like, you learn that Larry Ellison
02:05is very tough to do business with, okay?
02:07He's a very tough guy.
02:08I mean, I'm sure you're shocked to hear that.
02:11But Canada is very tough.
02:14They're very, very tough to do business with.
02:17And we can't let them take advantage of the U.S.
02:20They don't take our agricultural product, for the most part.
02:24They don't take our cars.
02:25They make cars, but they basically don't take our cars.
02:28And, you know, we don't need — and look,
02:30I think we're going to have another good conversation today.
02:33We're actually speaking at 3 o'clock again.
02:36But we don't need them to make our cars.
02:38We don't need them to give us lumber.
02:40We don't need them for agricultural products
02:42because we have all the agriculture we need.
02:45They don't take our agricultural product,
02:47for the most part — our milk and dairy, et cetera.
02:50A little bit, they do, but not much.
02:52We take theirs.
02:55And as far as cars are concerned,
02:56they took in a big percentage — almost 19 percent of the market.
03:01And, you know, I wouldn't mind making our cars
03:03in the United States. So we have a problem there.
03:06I'd like to make our cars in the U.S.
03:09We don't need Canada to make our cars.
03:11With that being said, we're going to have another call
03:12at 3 o'clock.
03:14We had a call this morning.
03:15It was a pretty good call, I'd say.
03:18So the call with Mexico went very well,
03:20in the sense that they're very strong now on the border.
03:23They're going to put soldiers there.
03:26Actually, we'll have, I think, some very fair —
03:29all we want is a fair deal.
03:31And, you know, there's a word, reciprocal.
03:33I'd go right now, reciprocal tariffs on everybody.
03:37Because many of the countries that you feel so horrible
03:40about the way they're being treated by Trump,
03:42you're saying, oh, President Trump is so terrible to them.
03:45Well, they charge us tariffs.
03:47European Union has a VAT tax, which is through the roof.
03:50Okay? It's a similar thing, similar to a tariff.
03:53It's a VAT. And they have it.
03:56And it's numbers like you wouldn't believe.
03:58And Canada, I told you about the banks,
04:01and I told you they charge us.
04:03And people don't say that. They don't like to say it.
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