‘Elbows Down to Trump?’ Carney’s Face Goes VIRAL, Delivers STRONG Response

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00:01Kyle Duggan, the Canadian Press.

00:03Mr. Carney, thank you for taking our questions.

00:05Your critics are going to say that this is an elbows-down approach,

00:09that you're backing down to Trump.

00:11What are you gaining by dropping these tariffs?

00:14So the first thing to say is, let's be clear.

00:19We have the best deal of anyone in the world right now.

00:24We have the lowest tariff rate on average,

00:26a little over 5.5 percent versus that 16 percent average for the world,

00:31and in many cases, much higher.

00:34We have that confirmed in executive order of the President a few weeks ago.

00:40It's important that we preserve that.

00:42It's important that we preserve that.

00:43Well, we focus on two things.

00:45The strategic sectors, steel, aluminum, autos, lumber,

00:50and we focus on the upcoming review and changes, likely changes to KUSMA.

00:55So we are matching something the Americans have done here first.

01:03And it's very significant.

01:05It's unique.

01:06We get the benefit.

01:08The second thing is, you know, and I'll take your analogy.

01:13And I have played some hockey over the years.

01:18And there is a time in a game, in a big game, and this is a big game,

01:25when you go hard in the corners, your elbows up.

01:28The time in a game, we drop the gloves in the first period and just send a message.

01:33And we've done that pretty uniquely in the world.

01:39We happen to have the best deal with the Americans right now.

01:42I don't.

01:43But there's also a time in a game where you want the puck, you want a stick handle,

01:47you want to pass, you want to put the puck in the net.

01:49And we're moving later into the game.

01:51And we're at that time of the game.

01:53And that's where the engagement is.