00:00Well, I think what happened is one of the leaders in Canada was running ads in the United States
00:06on tariffs that took President Reagan's words out of context.
00:11Even the Reagan Foundation criticized him for it.
00:13But I've not spoken, I've been traveling since yesterday,
00:16I have not spoken to a foreign minister since then.
00:19But, I mean, the president made his announcement that he suspended any trade talks with Canada for now.
00:25Look, for months we have stressed the importance of distinguishing things we can control and things we can't control.
00:35We can't control the trade policy of the United States.
00:39We recognize that that policy has fundamentally changed from the policy in the 1980s, 1990s, 2000s.
00:48And it's a situation where the United States has tariffs against every one of their trading partners to different degrees.
00:55And it's in that context that our officials, my colleagues, have been working with their American colleagues
01:03on detailed, constructive negotiations, discussions on specific transactions, specific sectors, steel, aluminum, and energy.
01:15And a lot of progress has been made.
01:17And we stand ready to pick up on that progress and build on that progress when the Americans are ready to have those discussions.
01:28Because it will be for the benefit of workers in the United States, workers in Canada, and families in both of our countries.
01:37Now, what we can control, absolutely, is how we build here at home.
01:44And that's the focus of Budget 2025, generational investment here in Canada.
01:49And what we can also control, or at least heavily influence, is developing new partnerships and opportunities,
01:54including with the economic giants of Asia, which is the focus of this trip.
