The World This Hour - The World This Hour for 2025/04/03 at 15:00 EDT

Episode Date: April 3, 2025

The World This Hour for 2025/04/03 at 15:00 EDT

Scott Payne spent nearly two decades working undercover as a biker, a neo-Nazi, a drug dealer, and a killer. But his last big mission at the FBI was the wildest of all. I have never had to burn baubles. I have never had to burn an American flag. And I damn sure was never with a group of people that stole a goat, sacrificed it in a pagan ritual, and drank its blood. And I did all that in about three days with these guys. Listen to Agent Palehorse, the second season of White Hot Hate, available now. From CBC News, the world this hour, I'm Julianne Hazelwood. We begin in Ottawa.

The global economy is fundamentally different today than it was yesterday. Prime Minister Mark Carney says the free trade economic system the Western world has enjoyed since the end of the Second World War is over. He announced what he calls a carefully calibrated set of counter tariffs meant to push back against the American levies on vehicles and auto parts made in Canada. The government of Canada will be responding by matching the US approach with 25% tariffs on all vehicles imported from the United States that are not compliant with COSMA, our North American Free Trade Agreement,

and on the non-Canadian content of COSMA compliant vehicles from the United States as well. Our tariffs though will not affect auto parts. Carney says the estimated eight billion dollars in revenue from those tariffs will be used to support auto workers affected by the Trump tariff regime. All the opposition leaders are pledging to support workers affected by the Trump tariffs. Conservative leader Pierre Poliev says he will scrap the GST on Canadian-made vehicles, but he's also attacking the Liberal leader.

Just last Friday, Mark Carney said he had a quote, very productive, very constructive call with President Trump, citing progress. Unfortunately, Canada has not been spared. There is no progress and there was nothing constructive or productive about Trump's tariff announcement. NDP leader Jagmeet Singh is pitching a program of victory bonds. He says Canadians who buy them would not be taxed on dividends. Singh says the money could be used for urgent infrastructure issues and be a way to keep Canadians employed. Tariffs imposed by Trump are already having an impact on the auto industry in Canada

and Mexico. Automaker Stellantis is pausing production at assembly plants in Windsor, Ontario, and another in Mexico, and laying off workers in the U.S. Phil Plyshanok reports. Auto workers have been through it all. Jeff Gray of Unifor, the union that represents Canadian auto workers, says tariffs could upend a supply chain that employs tens of thousands of Canadians. Our members are sick of being antagonized and threatened by Donald Trump.

Already, on the first day they came into effect, Stellantis announced it's idling its Windsor plant for two weeks. Prime Minister Mark Carney says Canada will impose retaliatory tariffs to support about 4,000 laid-off workers. All of our tariff proceeds will go to protect workers affected by the tariffs. Flavio Volpe of the Automotive Parts Manufacturers Association says workers here will not be the only ones impacted. It's going to shut down the suppliers to that plant, many of which are American, and this is day one. Because Stellantis' operations are tightly integrated, about 900 employees in Indiana

and Michigan will also face layoffs. Philip LeShadok, CBC News, Toronto. Financial markets around the world are reeling after President Donald Trump's latest and most severe set of tariffs. Economists predict the move will cost U.S. consumers and businesses billions of dollars. And there may be political costs, too. Richard Madden reports from the U.S. Capitol. This is not a negotiation.

This is a national emergency. White House press secretary, Caroline Levitt, dismissing the global fallout in reaction to President Donald Trump's sweeping 10 percent blanket tariffs on nearly every country in the world. Markets have tumbled as economists warn of inflationary price hikes and a potential recession caused by Trump's global trade war. But Commerce Secretary Howard Leitnick says the world simply needs to trust him. Let Donald Trump run the global economy. He knows what he's doing. He's been talking about it for 35 years. You got to trust Donald Trump in the White House. That's why they put him there. On Capitol Hill more Republicans are breaking with their own party. Iowa Senator Chuck Grassley has tabled a bill to block Trump from

imposing more tariffs without getting congressional approval first. Richard Madden, CBC News, Washington. And that's your World This Hour. You can listen to us wherever you get your podcasts updated every hour, seven days a week. For CBC News, I'm Julianne Hazelwood.