The World This Hour - The World This Hour for 2025/02/10 at 04:00 EST
Episode Date: February 10, 2025The World This Hour for 2025/02/10 at 04:00 EST...
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From CBC News, the world this hour.
I'm Neil Herland.
U.S. President Donald Trump says more tariffs are coming.
Canadian steel and aluminum will face 25% duties paid by American buyers.
Anis Haydari has more.
Any steel coming into the United States is going to have a 25% tariff.
On his way to the Super Bowl, Donald Trump announced that Canadian steel and aluminum
would face 25% tariffs starting Monday.
If they happen, it would be a blow to two major industries who export billions of dollars
worth of their product to the United States.
If these tariffs proceed, they will be devastating, but challenging on both sides of the border.
Catherine Cobden is president of the Canadian Steel Producers Association.
She points out Canada and the US have been working together for years on steel policy, so she wants the Americans to rethink this move.
As their largest trading partner in steel, and as one that has worked extremely hard to align
with US trade policy, taken direct measures against China, for example, no
one else in any other trading relationship on steel has done this.
Market watchers say these tariffs could raise prices for both industry and consumers.
The first Trump administration slapped similar tariffs on Canada in 2018, lasting a year.
Canada retaliated similarly.
When that happened, steel and aluminum exports from this country dropped to around 10-year
lows.
Anish Hidari, CBC News, Calgary.
The threat of new U.S. tariffs is sparking concern around the world.
Anthony Albanese is Prime Minister of Australia.
He's hoping to reach a deal with the U.S.
We will continue to make the case to the United States for Australia to be given an exemption
to any steel and aluminium tariffs.
The South Korean government held an emergency meeting last night with steelmakers to discuss
measures to minimize the impact of potential U.S. tariffs.
Meantime President Donald Trump is doubling down on his comments that Canada should be
absorbed into the U.S.
First he made the comments on Fox News while flying to the Super Bowl.
Carolyn Bargout reports from Washington.
For weeks, U.S. President Donald Trump has been talking about making Canada the 51st
state.
In an exclusive interview on Fox News Sunday, reporter Brett Baier asked him about comments
Prime Minister Justin Trudeau was heard saying on Friday that he was serious about making
Canada part of the U.S.
I think Canada would be much better off being a 51st state because we lose $200 billion
a year with Canada.
It's too much.
Why are we paying $200 billion a year essentially in subsidy to Canada?
Now if they're a 51st state, I don't mind doing it.
Later Sunday evening, Trump doubled down, saying this while inside Air Force One on
the way to the Super Bowl.
And think of how beautiful that country would be without that artificial line running right
through it.
Somebody drew it many years ago with a ruler, just a line.
You look at how beautiful that is, wow, it would be very exciting.
But if you look at Canada and would be cherished as a 51st state.
Caroline Bargout, CBC News, Washington.
And President Donald Trump announced last night he has directed the U.S. Treasury to
stop minting new pennies, citing the cost of producing the one-cent coin.
Canada stopped making its penny in 2012.
Ecuador will choose its next president in a runoff election April 13th. Yesterday,
the conservative incumbent Daniel Noboa and a leftist lawyer named Luisa Gonzalez garnered
enough votes to beat 14 other candidates. And finally, in sports news. For the second time, the Vince LaGuardia Trophy is headed to Philadelphia.
Eagles fly in Super Bowl 59.
The Philadelphia Eagles won the Super Bowl last night, beating the Kansas City Chiefs 40-22
and denying the Chiefs a third straight Super Bowl victory.
During last night's halftime show, rapper Kendrick Lamar performed his diss track, Not Like Us, which mocks the
Canadian rapper Drake. And that is your World This Hour. For CBC News, I'm Neil
Herland.