Name: Hear what Trudeau said about his phone call with Trump
Uploaded: 2025-03-09T15:58:16.000Z
Duration: 10 min 53 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

I want to address what I know is top of mind for all Canadians.

Yesterday, I spoke with President Trump and I reiterated the facts.

Our border is secure, and less than 1% of the illegal fentanyl entering the United States comes from Canada.

Even so, we took action with our $1.3 billion plan to further strengthen our border.

I also stressed that the tariffs the U.S. administration chose to impose will hurt American workers and businesses.

And that, as our shared history has proven, we should work together instead to tackle today's challenges rather than fighting one another.

Canada's ministers, officials, and I will continue to engage with our American counterparts.

Our goal remains to get these tariffs, all tariffs, removed.

In the meantime, we'll be taking action to support Canadians through the tough times ahead.

You can count on leadership right across the country, municipalities, provinces, and indeed your federal government.

But mostly, you can continue to count on each other.

Canadians have been there for each other, for small businesses, for local producers, for friends.

Canadians will pull together and continue to pull together with deep, deep pride in country as all of us stand together to defend Canada.

Trump backing down as the markets nosedive.

The president pumping the brakes on his trade war as major concerns about the U.S. economy grow tonight.

The Dow losing 428 points right now on for its worst week in two years.

And the NASDAQ is now in correction territory.

That means it's down 10 percent from its peak, 7 percent since Trump took office.

And they are down even as Trump gave in to Mexico and Canada today, pausing his 25 percent tariffs.

Some of these exemptions that have been announced and some of these temporary delays, have you been influenced in those decisions because of the market reaction?

Because they were going to do the many other calls with the Trudeau and Scheinbaum and delayed them a month.

As for not looking at the market, that would be new because for years, Trump has been aggressive about touting just how well the markets do when he's in charge.

Since the election, the stock market has broken one record after another.

The stock market is good because a lot of people think we're going to win the election.

We're hitting record stock market numbers.

Another great all-time stock market record.

And his on-again, off-again trade war is setting alarms off around the world.

I mean, heads of state, investors, consumers, nobody really knows whether to take Trump seriously because he does continue to say he's going to do them and there's no way he won't.

The question is whether he's crying wolf.

Nobody is clear at this point where this is.

One thing is for certain, though, underneath all of this is that prices have gone up.

Prices have gone up at least three percent over the past month.

Egg prices and housing, obviously, prices have gone up.

The thing is, though, if you listen to Trump and some of his wealthier allies, these price increases are a small price to pay for the MAGA agenda.

Is the American people ready to get the country back on track and do what it needs to, or do what it takes to make that happen?

We're going to have to adjust some prices for it.

No, we're going to have to adjust some prices for it.

Republican Senator Mark Wayne Mullen, I mean, look, that's his point of view, but it may be easier for him than others.

He's reportedly worth at least $31 million, one of the wealthiest members of Congress.

This is what Treasury Secretary Scott Besson had to say about it.

Access to cheap goods is not the asset, is not the essence of the American dream.

Access to cheap goods is not the essence of the American dream.

Well, that's actually a really big topic of conversation, but it may be true for Secretary Besson.

There'll be a little disturbance, but we're OK with that.

Perhaps a little disturbance to somebody who says he's a billionaire, but to most Americans, his disturbance is serious turbulence.

Surging prices are hurting Americans, and it is not what they expected.

Under my plan, incomes will skyrocket, inflation will vanish completely.

Jeff Zeleny is out front live outside the White House.

So, Jeff, I just want to start with one thing that Trump said here, among others, but this one really stood out to me.

I mean, Erin, skeptical eye rolls, even from the president's advisors and admirers over those seven words, I don't even watch the market.

But the market is watching the White House and the uncertainty that has been here at the White House really over the last several days over this threat of a trade war, an actual trade war, a reversal of a trade war, all left to what is next.

And the president again in the Oval Office today said he is not going to make exemptions for the April 2nd round of reciprocal tariffs.

That, of course, is an open question, because he has made exemptions when the automakers came calling.

He made exemptions again today when the president of Mexico said that they are cracking down on fentanyl.

And she showed him some data that just showed that fentanyl production was down.

So, look, the bottom line to all of this, you can just see the competing advice coming from advisors.

Peter Navarro, for example, the top trade expert here, has been really leaning into these tariffs.

Howard Lettnick, the commerce secretary, has been sending signals to the market that the president is going to change his mind hours before he does so.

But the market clearly has been rattled by this.

So the question is, what comes next in all of this?

There's a lot of concern on Capitol Hill from Republican lawmakers and others.

Yes, they still deeply support this president.

He has a big control of the House and Senate, there's no doubt.

But the markets are one thing he has always loved and watched.

The markets are giving their thoughts to the president, and it certainly is not an A-plus grade, Erin.

Jared Bernstein was chair of President Biden's advisors, and former Republican Governor Mark Sanford, also a former congressman, and served on the Budget Committee.

There was a day, actually, there was a day a month ago when the president said he's going to do tariffs, and then when he backed down, then the markets go back up.

There's been this kind of whiplash of, I'm going to, I'm not going to, I'm going to, maybe one too many times.

What do you think the effect of this on again, off again trade war is going to be?

What do I think the effect is going to be?

You know, people go down to the local bank because it sends signals that there's stability there.

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Hear what Trudeau said about his phone call with Trump

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