Trump Asked: 'Why Are You Deciding To End Trade Talks With Canada'

Speaking to reporters in the Oval Office on Friday, President Trump was asked about ending trade deal talks with Canada.

Transcript

00:00...severe penalties, financial and otherwise, okay?

00:03Mr. President, can we go back to your social post on Canada specifically?

00:08Why are you deciding to end trade talks with Canada, and what rate are you looking to set?

00:13So Canada put a charge on some of our companies,

00:17and Canada's been a very difficult country to deal with over the years.

00:22You know, we hear Canada, we have a great relationship with the people of Canada,

00:25but it's been very difficult, and they put a charge,

00:29and they were a little bit early, we found out about it, so...

00:31And we have all the cards, we have all, every single one.

00:35We don't want to do anything bad, but they have...

00:38Economically, we have such power over Canada.

00:42I'd rather not use it, but they did something with our tech companies today,

00:47trying to copy Europe, you know, they copied Europe.

00:49It's not going to work out well for Europe either,

00:51and it's not going to work out well for Canada.

00:54They were foolish to do it,

00:55so I said we're going to stop all negotiations with Canada right now

00:59until they straighten out their act.

01:02Is there anything Canada can do to change your...