The World This Hour - The World This Hour for 2025/01/31 at 20:00 EST
Episode Date: February 1, 2025The World This Hour for 2025/01/31 at 20:00 EST...
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From CBC News, the world is our, I'm Karen Hauerloch.
A 25% tariff on all Canadian goods entering the US is set to take effect in just hours,
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, no it's a
pure economic, we have big deficits with as as you know, with all three of them.
Trump seemed to indicate that a 25 percent 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 percent.
We're going to put tariffs on oil and gas.
That'll happen fairly soon.
I 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.
But 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.
The federal government says it will continue to lobby against the tariffs in
Washington despite Trump's hardening language on the issue. Tom Perry has that story from Ottawa.
Like you, we heard the comments of President Trump today regarding tariffs. Foreign Affairs
Minister Melanie Jolie speaking from Washington where she and other federal cabinet ministers
were making yet another pitch to U.S US officials to stave off American tariffs.
Jolie says they all heard Donald Trump's pledge to target Canada, Mexico and China, but have seen nothing in writing.
We have yet seen any form of clear decision-making and as well as any form of specific details coming from the White House.
Jolie says she'll keep trying to persuade American politicians.
Tariffs will hurt both the Canadian and U.S. economies, but Trump, so far, doesn't appear
to be listening.
Prime Minister Justin Trudeau is vowing to retaliate, but warning Canadians the country
could be facing some difficult times.
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 been largely silent so far 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 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 tariffs will hit the auto sector hard.
He's urging a calm and united front from 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 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 keep carbon pricing for large companies and come up with
financial incentives for individuals to go green. A California man is
pleading guilty to charges after a drone crashed into a Quebec water
bomber helping fight the fires in Los Angeles this month.
Peter Tripp Ackerman admitted to one count of unsafe operation of an unmanned aircraft.
U.S. Attorney Joseph McNally.
Mr. Ackerman admitted that on January 9th, while the Pacific Palisades fire still raged, he went to the
top of a parking garage, he launched a drone from that location and flew it around where
the wildfires were raging in an effort to observe the damage.
The damage grounded the super scooper for several days.
Ackerman will pay for the cost of repairs to the plane, about $65,000 US.
And that is your World This Hour.
For CBC News, I'm Karen Howelluck.