00:00The tariffs are going to save a lot of industries.
00:02My government will keep our tariffs on until the Americans show us respect.
00:07Canada has not been treating us very fairly.
00:10I saved the steel industry in my first term by putting on tariffs
00:14because China was dumping massive amounts of steel.
00:17100% tariff on agricultural products from India.
00:20Australia has no tariffs on goods from the United States
00:24and of course we have a free trade agreement with the United States.
00:29So Donald Trump thinks, thinks he can weaken us with his plan to divide and conquer.
00:36The president is again responding to the fact that Canada has been
00:41ripping off the United States of America and hard-working Americans for decades.
00:46If you look at the rates of tariffs across the board that Canadians have been imposing
00:51on the American people and our workers here, it is egregious.
00:55In fact, I have a handy-dandy chart here that shows not just Canada
00:59but the rate of tariffs across the board.
01:01If you look at Canada, since you brought it up, American cheese and butter, nearly 300% tariff.
01:08You look at India, 150% tariff on American alcohol.
01:12You think that's helping Kentucky bourbon be exported into India?
01:16I don't think so.
01:17100% tariff on agricultural products from India.
01:20Look at Japan tariffing rice, 700%.
01:24President Trump believes in reciprocity and it is about dang time that we have a president
01:29who actually looks out for the interests of American businesses and workers.
01:33And all he's asking for at the end of the day are fair and balanced trade practices
01:38and unfortunately Canada has not been treating us very fairly at all over the past several years.
01:44I saved the steel industry in my first term by putting on tariffs
01:47because China was dumping massive amounts of steel.
01:51Others also, but mostly China.
01:52And I put very substantial.
01:54We took in $600 billion worth of tariffs from China.
01:58No other presidents taken up, literally haven't gotten $0.10 from China, not $0.10.
02:04And hundreds of billions of dollars came in from China.
02:07And they understood it.
02:09They understood what I did.
02:10But the dumping stopped.
02:12And had I not done that, you wouldn't have one steel mill.
02:15I think I can say not one steel mill operating in this country.
02:20And we need steel.
02:21We need steel.
02:22I mean, there are some things you have to have.
02:23And steel is one of them for military, etc.
02:26So I think steel is going to be very strong.
02:30It's going to be very strong.
02:31I think it'll go back to being really powerful.
02:33We saved it.
02:35I mean, we were talking about U.S. steel last week.
02:38U.S. steel would have been closed, totally closed.
02:41We saved it.
02:43And now it's going to become, I think, very, very profitable.
02:46The tariffs are going to save a lot of industries.
02:49I took a walk with me here.
02:50So this company has about 60,000 square foot property, storing 3,000 tons of metal.
02:57And the owner tells me the President Trump's tariff on aluminum and steel
03:01will help set the more competitive prices.
03:04What we hope that the tariffs will bring is some type of stability to the U.S. pricing.
03:08It allows a little bit more money to be made on the mill level,
03:12on the intermediate level like us.
03:13University of Colorado Colorado Springs Operations Management Professor Scott Van Ness
03:19says the tariff is good news for some U.S. companies.
03:22Because this is an opportunity for them to gain a market share.
03:25And the investors have already jumped on board with that.
03:28The United States' decision to impose tariffs on Australian steel and aluminum
03:34as part of a global decision are concerning.
03:38It has been foreshadowed that no country, regardless of its relationship
03:43with the United States, has been granted an exemption.
03:47Such a decision by the Trump Administration is entirely unjustified.
03:53This is against the spirit of our two nations' enduring friendship
03:58and fundamentally at odds with the benefits that our economic partnership
04:03has delivered over more than 70 years.
04:07Australia has no tariffs on goods from the United States.
04:11And of course, we have a free trade agreement with the United States.
04:16Our government will continue to put forward a very strong case for an exemption.
04:21Noting that the last time this occurred, it took months for that exemption to be granted.
04:28We will advocate for Australian trade with the United States at every level
04:33and through every channel.
04:36Australia will continue working hard for a different outcome
04:40and discussions with the Trump Administration are ongoing.
04:44Our government is prepared and has been engaging directly
04:47with the Australian steel and aluminum industry
04:51and will continue to work through this with them.
04:55As with other products and resources that Australia has,
04:58we will continue to diversify markets for our products which are in demand globally.
05:06The European Union must act to protect consumers and business.
05:12The countermeasures we take today are strong but proportionate.
05:18As the United States are applying tariffs worth 28 billion dollars,
05:24we are responding with countermeasures worth 26 billion euros.
05:30This matches the economic scope of the tariffs of the United States.
05:36China has always believed that there is no way out of protectivism.
05:39There is no winner in the trade war and the tariff war.
05:42This is also the general consensus of the international community.
05:45The U.S. has seriously violated the rules of the WTO
05:48and seriously damaged the multilateral trade system based on rules.
05:52There is no way to solve the problem.
05:54China will also take all necessary measures to maintain its legitimate rights.
05:59My government will put into action our plan to build a stronger economy,
06:03to create new trading relationships with reliable trading partners.
06:10My government will keep our tariffs on until the Americans show us respect.
06:19We will ensure that all the proceeds, all the proceeds
06:23from our tariffs will be used to protect our workers.
06:27In America, health care is a big business.
06:31In Canada, it is a right.
06:38America is a melting pot.
06:40Canada is a mosaic.
06:45And Canada never, ever will be part of America in any way, shape or form.
06:58So Donald Trump thinks, thinks he can weaken us with his plan to divide and conquer.
07:07Pierre Poilievre's plan will leave us divided and ready to be conquered.
07:15Because a person who worships at the altar of Donald Trump
07:19will kneel before him, not stand up to him.
07:27A plan that makes us an energy superpower in both clean and conventional energy.
07:35A plan that creates new trade corridors with reliable partners.
07:42A plan that creates one Canadian economy, not 13.
07:48Because in Canada, we are stronger when we're united.
07:51We can give ourselves far, far more than Donald Trump can ever take away.
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