The World This Hour - The World This Hour for 2025/01/31 at 18:00 EST

Episode Date: January 31, 2025

The World This Hour for 2025/01/31 at 18:00 EST

When a body is discovered 10 miles out to sea, it sparks a mind-blowing police investigation. There's a man living in this address in the name of a deceased. He's one of the most wanted men in the world. This isn't really happening. Officers are finding large sums of money. It's a tale of murder, skullduggery and international intrigue. So who really is he? I'm Sam Mullins and this is Sea of Lies from CBC's Uncovered, available now.

From CBC News, the world is our, I'm Karen Howelluck. In just hours, a 25% tariff on all Canadian goods entering the U.S. is set to take effect despite efforts by the Trudeau government to change Donald Trump's mind. Chris Reyes has more from New York. Nothing written down or signed, but President Donald Trump remained firm on putting tariffs on Canada, China and Mexico. The details are still unclear, but he did say this. Not a negotiating tool? No, it's not. It's a pure economic. We have big deficits with, as you know, with all three of them.

Trump seemed to indicate that a 25% tariff on Canadian goods will still be implemented tomorrow as promised. But he said tariffs on oil and gas will now be reduced to 10%. We're going to put tariffs on oil and gas. That'll happen fairly soon. Think around the 18th of February, you see the power of the tariff. I mean, the tariff is good and nobody can compete with us because we have by far the biggest piggy bank. So that'll take place very quickly.

Trump said he's building a tariff wall but has yet to sign an executive order to make it official. Chris Reyes, CBC News, New York. Ottawa has said from the start, if Trump goes ahead with tariffs, Canada will retaliate and Prime Minister Justin Trudeau repeated that earlier today at a meeting with business leaders. But for now, Ottawa is still waiting to see the details of the tariffs before deciding on a specific response. Tom Perry has that story. I won't sugarcoat it. Our nation could be facing difficult times in the coming days and weeks.

Even before the White House confirmed U.S. President Donald Trump would follow through with his punishing tariffs against Canada and Mexico, Prime Minister Justin Trudeau was vowing Canada would fight back. It's not what we want, but if he moves forward we will also act. Trump has since made it clear he will act and bring in 25% tariffs against Canada and Mexico within 24 hours. It's something we're doing and we'll possibly very substantially increase it. We're not, we'll see how it is.

Canadian cabinet ministers, premiers, and business leaders have all been desperately trying to persuade people around the U president, tariffs will hurt the US and its trading partners. But it turns out, Trump either doesn't believe it or doesn't care. Tom Perry, CBC News, Ottawa. Reaction to the tariff announcement has been swift. Flavio Volpe is the president of the Automotive Parts Manufacturing Association. Volpe says American companies have remained largely silent. But that will change when tariffs start to hurt their profits.

I'll tell you anybody who's a shareholder of an American car company the day after these tariffs go through will see the value of their holdings drop. Institutional shareholders will see that. That market response is going to force boards to either have their executive take action or find new executives. Volpe says the auto sector will get hit hard by tariffs. He's urging a calm and united front from all Canadian industry and governments. Liberal leadership candidate Mark Carney says if he's elected to head the party, he will scrap the government's consumer carbon price scheme, also known as the carbon tax.

It has had some impact in terms of reducing our emissions, making things more efficient, but it has become very divisive. The perceptions of the negative impacts of the carbon tax on households without fully recognizing the positive impacts of the rebate, It's been fed by misinformation and lies, quite frankly, by the leader of the opposition, but okay. We are in this situation. Carney says he would continue carbon pricing for large companies and come up with financial incentives

for individuals to go green. Search and recovery crews are working as quickly as they can to recover the remains of the 67 people killed in Wednesday night's mid-air collision in Washington, D.C. An American Airlines passenger jet and a military helicopter collided over the Potomac River. So far, 41 bodies have been pulled out of the river and 18 families have been notified. Helicopter flights near Reagan National Airport are being restricted for the time being. And that is your World This Hour. For CBC News, I'm Karen Howelluck.