Trudeau dismisses ‘very dumb’ tariffs, says Trump wants to ruin Canadian economy

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Prime Minister Justin Trudeau hit US President Donald Trump on Tuesday, March 4, accusing him of wanting to ruin the Canadian economy.  Full story: https://www.rappler.com/world/us-canada/justin-trudeau-statement-tariffs-march-4-2025/

Transcript

00:00Prime Minister Justin Trudeau hit U.S. President Donald Trump on Tuesday, March 4, accusing

00:06him of wanting to ruin the Canadian economy.

00:09The United States launched a trade war against Canada, their closest partner and ally, their

00:16closest friend.

00:18At the same time, they're talking about working positively with Russia, appeasing Vladimir

00:24Putin, a lying, murderous dictator.

00:30In retaliation, Trudeau announced 25% tariffs on C$30 billion worth of U.S. imports and

00:37could target another C$125 billion worth in 21 days.

00:59But on March 6, after a flurry of calls from car manufacturers, U.S. President Donald Trump

01:15says they will exempt automakers from his 25% tariffs on Canada and Mexico for one month

01:21as long as they follow existing free trade rules.

01:24However, Trump made it clear that he is not ending his trade war with Canada and Mexico

01:28as he pressures both countries to stop fentanyl smuggling.

01:32This, despite a phone call with Trudeau where he had supposedly told the outgoing Canada's

01:37PM his efforts were not good enough.

01:39U.S. tariffs could hurt Canada's early economic recovery and possibly cause a recession.

01:46Canada depends on the U.S. for 75% of its exports and a third of its imports, making

01:51it vulnerable to a long trade war.

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