The World This Hour - The World This Hour for 2025/02/10 at 03:00 EST
Episode Date: February 10, 2025The World This Hour for 2025/02/10 at 03:00 EST...
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From CBC News, the world this hour.
I'm Neil Herland.
U.S. President Donald Trump says he will unveil new tariffs on all imports of steel and aluminum later today and Trump says
Canada will not be exempt that means some 20 billion dollars in steel trade could be disrupted
Driving up costs and driving down demand on both sides of the border Peter Armstrong has more
Donald Trump was speaking to reporters about his plan to change the name of the Gulf of Mexico
when he pivoted unexpectedly to steel and aluminum imports.
Including Canada and Mexico, not exactly.
Any steel coming into the United States is going to have a 25% tariff.
Canada sends about 6 million tonnes of steel to the US every year,
add another nearly 3 million tonnes of aluminum. But as we saw when similar tariffs were imposed during Trump's
first presidency, tariffs would drive up costs in the US as well.
Carl Schamada, chief market strategist at the financial services firm Corpay, says
consumers would feel these tariffs quickly. It'll also raise prices for
products made with steel and aluminum. things like cars, appliances and beer.
Peter Armstrong, CBC News, Toronto. And we're getting reaction from the steel industry in this
country. Catherine Cobden is president and CEO of the Canadian Steel Producers Association.
Well certainly we're very concerned. We do not yet know the details. We do not, for example,
know whether for sure Canada would be included.
I would hope that our primary objective as a country is to get us excluded from these tariffs,
and I think that we have a very compelling story to tell as Canada. We've done some incredible
things. If these tariffs proceed, they will be devastating. Canada provides 20% of the imported steel in
the US. The Prime Minister will deliver remarks today at a summit on artificial
intelligence in Paris. Justin Trudeau is urging global leaders to work together
on responsible AI. As Olivia Stefanovic reports the technology is moving faster
than most countries are prepared for. Artificial intelligence is going to have the kind of impact on our society
that the development of electricity did.
Just before the AI summit began, Prime Minister Justin Trudeau issued a warning to world leaders.
If we have a similar delay in terms of AI adoption around the world,
the consequences will be even more catastrophic and more painful,
not just for those who don't have access to it, but for the divisions and the conflicts
that will result.
Trudeau is urging his global counterparts gathering in Paris this week to work together
on a solution, as the U.S. and China vie for AI dominance. Trudeau will make the case over the next two days
at the conference hosted by French President Emmanuel Macron
and India's Prime Minister Narendra Modi.
Olivia Stevanovic, CBC News, Paris.
A massive winter storm is hitting the Avalon Peninsula in Newfoundland
with up to 35 centimeters of snow and winds of up
to 110 kilometers per hour this morning.
In American football, the Philadelphia Eagles won the Super Bowl last night, beating the
Kansas City Chiefs 40-22.
Steve Futterman reports.
The Kansas City Chiefs' quest for a three-peat fell flat on its face.
Instead, it was a Philadelphia Eagle blowout. the game. The Kansas City Chiefs' quest for a three- pete fell flat on its face.
Instead, it was a Philadelphia
Eagle blowout. The Eagles
jumped out to a 24-0 halftime
lead. They extended the lead
to 34-0 in the third quarter
before Kansas City could
finally get on the scoreboard.
The Eagles were dominant
virtually from start to finish.
They were led by their
quarterback, Jalen Hertz.
He was named the game's most valuable player. He threw for two touchdowns, ran for one.
Meanwhile, the great quarterback for the Kansas City Chiefs, Patrick Mahomes, had a miserable night.
He threw two interceptions. One was returned for a touchdown.
He also fumbled the ball once.
So no team still has ever won that third elusive straight Super Bowl.
And now it's the Philadelphia
Eagles on top of the pro football world.
Steve Futterman for CBC News at the Super Bowl in New Orleans.
And that is your World This Hour.
For CBC News, I'm Neal Herland.