Canada considering "all options" to respond after Trump slaps new 50% tariff, Carney says

[0:04] As many of you know, yesterday the United States announced the intention to, in 30 days, [0:15] to launch the latest what is a series of trade actions against Canada in violation of our [0:23] agreement, CUSMA, with the United States of Mexico. [0:26] And I want to put this in a bit of perspective, then answer a couple of questions. [0:30] The first is that in response to these actions, as this began over 18 months ago, Canadians [0:36] from coast to coast to coast have stood together. [0:38] The federal government, provincial government, labour, business, Canadians themselves, uniting, [0:45] focusing on what we can control, building strength here at home, supporting each other, buying [0:50] Canadians and diversifying partnerships abroad. [0:53] We've signed more than 20 economic and security partnerships, international machinery equipment [1:00] is picking up, economies picking up, we're growing jobs at twice the rate in the United [1:06] States, with the fastest growth in foreign direct investment, investor confidence in [1:11] Canada in over two decades, twice the rate of other countries. [1:15] In the G7, we're projected to have the second fastest growth in the G7, not just this year, [1:21] but next year going forward. [1:23] So the country is stronger, we're stronger because we're united, and we will remain united. [1:28] I will be speaking with the premiers later this afternoon, I'll be meeting with them tomorrow. [1:34] Minister Leblanc will convene the Canada-U.S. Advisory Council later this afternoon, earlier [1:41] this morning. [1:42] And I would say as well that throughout this time, we have made a series of comprehensive [1:49] and detailed proposals about how to modernize Kuzma, recognizing the transition that the [1:57] U.S. is underway in international and all Australian relationships, including with Canada [2:02] and Mexico. [2:03] I spoke with President Trump earlier this morning, we agreed to intensify negotiations [2:10] in the coming weeks, and the team and myself look forward to doing that. [2:15] As always, Canadians, governments, business, and labor will stand together to build Canada [2:21] strong and to have a trading relationship with our North American partners, you're better [2:25] to say. [2:26] I'm sorry, I'm sorry. [2:27] I'm sorry, I'm sorry, I'm sorry. [2:28] I'm sorry, I'm sorry, I'm sorry. [2:29] Well, from the perspective, here, the United States announced the intention of having a new [2:38] war, which is another measure of the 30 days, which is the most recent, in a series of [2:45] threats to the Earth, for 18 months, in confirmation of the ACM, the effect of the ACM. [2:55] First point. [2:56] Depuis le commencement de cette guerre terrifiante, les Canadiens, d'une notion à l'autre, [3:03] se sont unis. [3:05] Les gouvernements, les travailleurs, les saliviers, les commerces, mais surtout les Canadiens [3:12] et les Canadiens, afin de bâtir un pays d'économies plus fortes, afin de soutenir nos travailleurs, [3:19] les gens aux agriculteurs, nos commerces, afin de diversifier nos partenariats à l'étranger. [3:26] Maintenant, nous venons de conclure à plus d'une vingtaine d'accords d'économies [3:36] à l'échelle du monde, et nous avons une économie qui devient de plus en plus forte. [3:45] La création, par exemple, d'emplois est deux fois plus rapide qu'aux États-Unis. [3:51] L'investissement de l'étranger, ici au Canada, est deux fois le moyen de G7. [3:56] C'est le plus fort de G7. C'est le plus fort depuis deux décennies. [4:00] Alors, une économie plus forte, les partenariats plus diversifiés, et en même temps, nous avons proposé [4:11] plusieurs fois des initiatives de propositions globales et détaillées afin de régler la situation dans l'ACN, [4:22] en reconnaissance, pardon, en reconnaissance de l'objectif des États-Unis de changer et de transformer [4:30] toutes leurs relations commerciales à l'échelle du monde, y compris le Canada et l'Église. [4:38] Je viens de discuter avec le chef le président des États-Unis ce matin, et nous sommes d'accord [4:47] d'intensifier nos négociations pendant les prochaines deux semaines. [4:52] Mais en tous les cas, le Canada fera ce qui est nécessaire de soutenir nos emplois, [5:02] nos travailleurs, soutenir nos agricultures, soutenir les Canadiens et les Canadiens, [5:07] et de rendre le Canada plus fort, plus indépendant, et plus cristian. [5:13] Prime Minister, Prime Minister, are you considering retaliatory tariff dollar-for-dollar [5:18] on the U.S.? [5:19] We, look, we have a situation where these, the American tariffs, [5:23] the 338 tariffs will come into effect in 29 days, and we will look at all options [5:31] in terms of how we would respond if they do come into effect. [5:35] That's part of what we'll be discussing with premiers. [5:38] Also, in parallel, as I just said, that I spoke with the president, [5:42] we agreed to intensify discussions, we'll begin that right away. [5:47] And this is, you know, this is part of the negotiation, [5:50] so the first objective is to get a comprehensive agreement. [5:53] The benefits, obviously, of both countries, that's consistent with CUSMA, [5:59] CUSMA as it is and CUSMA as it will be, and we'll work towards that. [6:04] But in parallel, when I say we will do whatever it takes and keep all options, [6:10] obviously, it's comprehensive. [6:13] Do you want a new trip to Washington? [6:17] Is it in the plans? [6:19] It's not necessarily necessary to have a trip. [6:22] It's necessary to have conversations, and the conversations of the financial team, [6:27] including M. Leblanc, and Mme Charest. [6:30] They are the negotiators and the ambassador Wiseman with their homologues. [6:36] And, yes, of course, there are conversations between me and M. Trump. [6:41] There are conversations quite often between us, and we'll continue. [6:47] But if it will be useful, if it will be useful to have a reunion face-to-face, then we'll do it. [6:53] Prime Minister, were you caught off guard? [7:00] You've recently made concessions in regards to the Gordie Howell Bridge. [7:03] You've rolled back the Digital Services Act, the Online Streaming Act. [7:06] Are you going to make more concessions in order to get the Americans to the table? [7:10] Well, we're at the table. We'll be having those more intense discussions. [7:16] And, you know, what the issue has been for us has been comprehensive agreement. [7:22] We understand the U.S. approach to strategic sectors, what they call strategic sectors. [7:28] They are strategic sectors, but under their definition, 232 definitions, [7:32] that's aluminum, that's forest products, that's steel, that's automobiles, [7:37] pharmaceuticals, pharmaceuticals, and others. [7:39] But those first four being the most important for the Canadian government. [7:43] And that we don't want a partial agreement. [7:47] We want something that addresses those sectors as well, [7:50] so that there's a viable approach going forward. [7:53] In our view, in the view of Madame Sheinbaum and the Mexican authorities, [7:59] there are solutions that evolve to this month, [8:02] so that those sectors are globally competitive to the benefit of workers. [8:07] Of course, we're working for workers in Canada first and foremost, [8:10] but also workers across the country. [8:13] Should the provinces put booze back on the shelves? [8:17] Will that help with these negotiations? [8:19] It's part of a broader… [8:20] Look, the provinces individually took those decisions in response to a series of tariffs [8:28] that were put in place, and also threats to our sovereignty. [8:34] Those measures have been supported by provincial citizens, [8:39] and they're supported, and it's indicative in terms of other consumption habits, [8:43] right to put it that way, with Canadians, where Canadians have travelled, [8:46] other things that are on the shelves but aren't being purchased. [8:50] The decision to change that, first and foremost, [8:58] will be taken by the provinces themselves, each individually, [9:01] and should only be taken as part of an overall agreement, [9:06] and that's what we're working to do upon.