The World This Hour - The World This Hour for 2025/03/04 at 04:00 EST

Episode Date: March 4, 2025

The World This Hour for 2025/03/04 at 04:00 EST

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start listening today. From CBC News, the world this hour. I'm Neil Herland. The tariff war between Canada and the U.S. is now underway. This morning, President Donald Trump's threat of sweeping 25 percent tariffs on Canadian goods became real. Steve Futterman reports. One minute after midnight Eastern time the tariffs went into effect. There was no official

release from the White House. Donald Trump did not post on social media but just hours earlier he said any hope for a delay was out the window. Is there any room left for Canada and Mexico to make a deal before midnight? No room left for Mexico or for Canada. No, the tariffs, you know, they're all set. They go into effect. Now both countries enter a period of uncertainty. The tariffs will bring chaos to the normal flow of goods between the two countries.

But how much, how quickly, and what products will be most affected is unclear. U.S. investors gave their opinion on Monday and it was a big thumbs down. After Trump said the tariffs were going to take effect, the Dow Jones Industrial Average dropped nearly 650 points. The Wall Street Journal, often a supporter of Trump, has called his action the dumbest trade war in history. Steve Futterman for CBC News, Los Angeles. Prime Minister Justin Trudeau is holding a news conference this morning to discuss the tariff threat. He says Canada is ready to retaliate. Rafi Boujikaneen reports.

Prime Minister Justin Trudeau is not holding back, promising much what he did the last time the US and Canada were on the cusp of a trade war a month ago, declaring that this country will impose counter tariffs, 25% against $30 billion worth of goods immediately. We keep the lights on, the 1.5 million homes in manufacturing in New York, in Michigan, and in Minnesota. Ontario Premier Doug Ford offered a big hint of one of those measures in an appearance on NBC. If he wants to destroy our economy and our families, I will shut down the electricity.

Trudeau also calls Trump's tariffs unjustified, pointing out Canada has pushed resources like helicopters and boots on the ground at the border to crack down on fentanyl trafficking, and says in 21 days, Canada will impose more tariffs on 125 billion dollars of goods. Rafi Boudjikani on CBC News Ottawa. The US is Quebec's largest international trading partner accounting for more than 70% of all the province's exports. As Cobino Douro reports they're now bracing for the impact. Etienne Pellissier is the co-founder of Microbrewery, Hop Station, east of Montreal. He says any tariffs will have an impact on the cost of aluminum beer cans.

Other breweries have estimated cans cost between 10 and 40 cents each. Price goes up, it's going to be hard to justify an increase in production. That uncertainty is being felt in large industries too. We don't really know what's going to happen. Stephanie Lavessar is the vice president of the Union of Agricultural Producers. She says Quebec farmers export 72 percent or nine billion dollars worth of goods each year to the U.S. And Trump's messaging is impossible for the industry to prepare for. Even if something is said, it's not sure it's going to hold.

Quebec politicians and businesses are urging people to shop locally to help minimize the impact the tariffs may have. Kubin Oduro, CBC News, Montreal. There's a major development involving the war in Ukraine. The U.S. is pausing military aid to the country just days after a testy meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky. U.S. Vice President J.D. Vance spoke last night with Fox News. The president is actually taking a much more realistic perspective and saying this can't

go on forever. We can't fund this thing forever. The Ukrainians can't fight forever. So let's bring this thing to a peaceful settlement. And finally, sad news from the world of country music. Dolly Parton's devoted husband of nearly 60 years died yesterday. Carl Dean was 82 years old and avoided the spotlight. And that is Your World This Hour. I'm Neil Herland.