The World This Hour - The World This Hour for 2025/02/01 at 00:00 EST

Episode Date: February 1, 2025

The World This Hour for 2025/02/01 at 00:00 EST

Struggling with debt? Help is available. Discover reliable solutions to help you get back on track. Visit Canada.ca slash debt dash solutions for support you can trust. A message from the Government of Canada. From CBC News, the world this hour, I'm Claude Fague. A 25 percent tariff on all Canadian goods entering the U.S. 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 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 will 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 will 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.

The federal government says it will continue to lobby against tariffs in Washington despite Trump's hardening language on the issue. Tom Perry reports 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. 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.

And fears of a tariff war with the U.S. are having an effect on the Canadian dollar. It dipped below 69 cents U.S. today. The loonie is at its lowest level against the American dollar since the early days of the pandemic. Reaction to the tariff announcement has been swift. Flavio Volpe is the president of the Automotive Parts Manufacturing Association. He 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. In Philadelphia, a medevac Learjet carrying six people, including a child patient, crashed into a local mall and residential area shortly after takeoff this evening. A spokesperson for the Jet Rescue Air Ambulance confirmed the child and her mother were on board along with four crew members. The flight was en route to Mexico via Missouri but crashed about 30 seconds after takeoff.

This witness describes the moment he saw the jet crash. You just hear everybody say get down, get down, get down. When everybody say get down, we all get down. But I just see the plane is getting lower and lower and lower. It nipped the house. When it nipped the house, it hit a couple cars. Boom! And it took a Plaza, it took a Dunkin Donuts everywhere. I've never seen nothing like that a day in my life. So far there is no confirmation of any survivors on the plane. Several people on the ground were reportedly injured with some casualties, but not confirmed by authorities.

A California man has agreed to plead guilty to unsafe operation of a drone, which crashed into a Quebec water bomber on loan to those fighting the LA wildfires. The collision caused $65,000 in damage and grounded the super scooper for several days. The man agreed to pay restitution for the damage. And that is your World This Hour. For CBC News, I'm Claude Fague.