The World This Hour - The World This Hour for 2025/02/10 at 06:00 EST
Episode Date: February 10, 2025The World This Hour for 2025/02/10 at 06:00 EST...
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From CBC News, it's the world this hour.
I'm Joe Cummings.
US President Donald Trump says he'll be announcing
25% tariffs today on all steel and aluminum imports
entering the United States.
And that includes steel and aluminum coming from Canada.
Peter Armstrong reports.
We'll also be announcing steel tariffs on Monday.
Donald Trump was speaking to reporters about his plan to change the name of the Gulf of Mexico
when he pivoted unexpectedly to steal and aluminum imports
Any steel coming into the United States is going to have a
25% there Canada sends about 6 million tons of steel to the US every year add another nearly 3 million tons of aluminum
But as we saw when similar tariffs were imposed during Trump's first presidency
of aluminum. But as we saw when similar tariffs were imposed during Trump's first presidency, tariffs would drive up costs in the U.S. as well. Karl Schamada, chief market strategist
at the financial services firm Corpey, 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.
The Canadian Steel Producers Association says it's hoping for an exemption. If not, it says Canada must hit back hard and fast with its own
retaliatory tariffs on American steel and aluminum. Peter Armstrong, CBC News,
Toronto. As the tariff threats play out, Canada's ambassador to France, Stefan
Dion, says the Canadian government is actively working with EU countries to
push back against any
expanded trade action.
Canada and Mexico are the first ones, but Europeans know that they may be targeted as
well.
Working with us about how can we have a cohesive way to convince the US administration that
trade wars are painful for everyone and that's something that you should do between friends.
The European Commission has yet to respond to Trump's latest trade threat,
but Canadian industry minister Francois-Philippe Champagne points out that Canadian steel and
aluminum are essential to American defense projects such as as well as the country's auto industry.
At the same time, President Trump is still openly discussing Canada becoming the 51st
state.
Over the weekend, he raised it in an interview with Fox News, and then later while he was
on his way to the Super Bowl.
Caroline Bargout has more now 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 paying 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, it would be cherished as a 51st day.
Caroline Bargout, CBC News, Washington.
Prime Minister Justin Trudeau is among a number of world leaders in Paris this week for a
global AI summit.
At issue is how governments can establish guardrails while tech companies fight for dominance in the fast-moving industry. 100 countries are
represented at the two-day International Summit and among the high-profile
attendees is US Vice President JD Vance on his first overseas trip since taking
office. The National Football League has a new Super Bowl champion.
As a final call last night in New Orleans, as the Philadelphia Eagles were defeating
Kansas City in this year's title game, 40-22 the final score for Philadelphia.
For Kansas City, they went in looking for a third straight Super Bowl title, so they'll now have to reload and try again.
And that is a World This Hour. For CBC News, I'm Joe Cummings.