The World This Hour - The World This Hour for 2025/02/01 at 23:00 EST

Episode Date: February 2, 2025

The World This Hour for 2025/02/01 at 23:00 EST...

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Starting point is 00:00:00 What does a mummified Egyptian child, the Parthenon marbles of Greece and an Irish giant all have in common? They are all stuff the British stole. Maybe. Join me, Mark Fennell, as I travel around the globe uncovering the shocking stories of how some, let's call them ill-gotten, artifacts made it to faraway institutions. Spoiler, it was probably the British. Don't miss a brand new season of Stuff the British Style. Watch it free on CBC Gem. From CBC News, the world this hour. I'm Claude Fague.
Starting point is 00:00:37 After consulting his cabinet, advisors, premiers and the president of Mexico, Prime Minister Justin Trudeau announced how Canada will push back on the newly implemented Trump tariffs. Canada will be responding to the U.S. trade action with 25% tariffs against $155 billion worth of American goods. Trudeau reached out to Americans, reminding them of how Canada backed them during the Iran hostage crisis and 9-11, and recently sent water bombers to help fight the LA wildfires.
Starting point is 00:01:10 He also warned Americans about the pain tariffs will cause them. It will have real consequences for you, the American people. Tariffs against Canada will put your jobs at risk, potentially shutting down American auto assembly plants and other manufacturing facilities. They will raise costs for you, including food at the grocery stores and gas at the pump. Trudeau told Canadians that Ottawa will be there for them and ask them to stay united and stay strong, and he asked Canadians to stay united. Now earlier today Trump officially launched a trade war against Canada imposing a 25% tariff on virtually all Canadian goods
Starting point is 00:01:55 entering the US. The tariffs go into effect on Tuesday and could have a devastating effect on the Canadian economy. Chris Reyes tells us what's in the White House order. President Donald Trump is imposing massive tariffs on Canada, 25% on goods, 10% on energy resources, effective February 4. Also in the firing line, Mexico and China. To impose these tariffs, Trump is using what's called
Starting point is 00:02:22 the International Emergency Economic Powers Act. The Trump administration said the flow of illegal immigration and drugs like fentanyl into the U.S. constitutes a national emergency. The tariffs will remain in place until that crisis is alleviated and that it will be up to Trump to decide when that happens. The order also includes a preemptive strike against Canada, warning that if Canada retaliates with counter tariffs or any other measure, the U.S. tariffs will increase. The order says Trump is using tariffs to put American safety and national interest first.
Starting point is 00:02:57 Chris Reyes, CBC News, New York. Mexico is also responding to the imposition of tariffs by the U.S. President Claudio Sheinbaum saying her country will implement retaliatory tariffs and non-tariff measures against the U.S. Sheinbaum and Trudeau reportedly spoke earlier this evening. Well, as we've heard, the coming tariffs from the U.S. will not be as heavy on oil and gas. Sam Sampson tells us how the news is hitting the industry in Western Canada.
Starting point is 00:03:26 Well, the consensus is really it's better than 25 percent, but 10 percent still is not good. Either way, it's an extra tax. And so the short term thinking is because the U.S. is virtually our only customer for oil, we have to sell to them. So perhaps that means lowering the cost per barrel, which might have an effect on production. But there is a little bit of wiggle room right now on the price per barrel. So the message I'm hearing is let's not panic. It's a wait and see moment. The real concern for Peter Tertsakian is retaliatory tariffs. He's the president of Studio Energy, an energy industry firm, and was just appointed yesterday to the prime minister's Canada-U.S. Relations Council.
Starting point is 00:04:04 The last thing we want to do is get into some sort of tit-for-tat escalation because it will ultimately just boomerang back at us. But what I keep hearing as well from the sector is that there's this hope that right now this moment will spur action to change how we operate the energy industry as a whole. Sam Sampson reporting from Edmonton. While some Canadian hockey fans weighed in on the US Trump tariffs in a different way. Fans booed the American anthem at tonight's Ottawa Senators home game versus the Minnesota
Starting point is 00:04:37 Wild at the Canadian Tire Center. The two teams have a combined 14 American born players between the two rosters. The Sens won the game 6-0. And that is your World This Hour. For CBC News, I'm Claude Fague.

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