The World This Hour - The World This Hour for 2025/04/07 at 06:00 EDT

Episode Date: April 7, 2025

The World This Hour for 2025/04/07 at 06:00 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, it's the World This Hour. I'm Joe Cummings.

The overseas markets are plunging again today as the fallout continues from the Trump administration's tariff campaign. The Asian markets have closed with more steep losses. In Europe, it's the same story. And here in North America, analysts are expecting to see the freefall pick up from where it left off Friday, which was the single biggest day of losses since the height of the COVID pandemic. But in the midst of it all, the U.S. president is showing no sign of reversing

course. Katie Simpson reports. Eventually, it's going to straighten out and our country will be solid and strong again. Standing before reporters on board Air Force One, U.S. President Donald Trump defended his tariff plan, brushing aside questions about the markets after he made an unusual social media post, sharing a video analyzing his economic policies from an apparent supporter. Trump is crashing the stock market by 20% this month, but he's doing it on purpose. The video argues Trump wants to hurt the economy in order to force the Federal Reserve to lower

interest rates, which would make it easier to pay back the deficit. Trump denies that's what he's doing and lashed out when asked about the amount of pain he's willing to tolerate on the markets. I think your question is so stupid. I don't want anything to go down. But sometimes you have to take medicine to fix something. The Trump administration says officials from more than 50 countries have reached out in the hopes of cutting a deal to escape tariffs. Katie Simpson, CBC News, Washington.

The Trump tariffs are hitting home for many Canadians already, of course, specifically those that work in the auto and steel industries, forestry and more. Some are already out of work and there's now a new threat of rising US duties on other goods. JP Tasker explains. So it's gonna be devastating for our community and for the jobs here. The Canadian auto industry is reeling in the wake of new US tariffs. The massive Stellantis plant in Windsor, Ontario closed for at least two weeks. There's some folks that are gonna be struggling pretty quick. Derek Gungle builds Chrysler and Dodge vehicles there, one of the 3,200 auto workers now off

the job. Forestry workers are also bracing for impact. B.C. and Ontario say Trump's Commerce Department is planning to more than double duties on Canadian lumber, the latest move in a decades-long dispute. We're not going to stop until we get to zero. Vic Fidelity, Ontario's jobs minister, arguing this lumber surcharge will make it a lot more expensive to build anything in the U.S. Trump is threatening even more tariffs on Canadian pharmaceuticals and semiconductors.

Combined with existing tariffs on steel and aluminum, and now lumber and autos, the Canada-U.S.-Mexico free trade agreement has been left in tatters. JP Tasker, CBC News, Ottawa. Now to the federal election campaign. Both Liberal leader Mark Carney and Conservative leader Pierre Polly have are in B.C. today. They're both targeting a series of writings they feel they can flip, but they're doing so talking about very different issues. Karina Roman explains.

Who is ready? This is Liberal leader Mark Carney's first time in B.C. during the election. Until now, he had not been further west than Winnipeg. But then, so far, he's twice paused campaigning to return to Ottawa and deal with the latest Tariff Salvo from the Trump administration. And it's not over. If you saw the headlines over the weekend, more coming on our softwood lumber, 50,000 people employed.

Carney is set to meet with B.C. Premier David Eby today, specifically on the move by the U.S. to hike duties on softwood lumber. But Carney's not the only leader in B.C. right now. British Columbia is probably the worst place for fentanyl overdoses in the world. Conservative leader Pierre Pauliev is addressing another hard to solve problem in this province. Fentanyl addiction and deaths. I'm here today to announce that a new Conservative government will fund recovery for 50,000 Canadians who need it. Karina Roman, C Canadians who need it.

Carina Roman, CBC News, Victoria. And that is The World This Hour. For news anytime, go to our website, cbcnews.ca. For CBC News, I'm Joe Cummings.