Speaking to reporters in the Oval Office, President Trump spoke about auto tariffs on Canada.
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00:00See if I can do that.
00:01Mr. President, on tariffs, you just mentioned that 25% could go up in cars in terms of Canada.
00:07Does that mean that you're considering changes to the auto tariffs and auto parts?
00:11No, we're not considering it now, but at some point it could go up, yeah, because, again, we don't really want Canada to make cars for us, to put it bluntly.
00:19We want to make our own cars, and we're now equipped to do that.
00:24They took a lot of our car business.
00:26Mexico, too, took a lot of our car business.
00:28We want to make the cars here.
00:29I'm running this country.
00:30I'm not running Canada, and that's why I asked Trudeau, who I call Governor Trudeau affectionately, but I asked him, why are we spending $200 billion to support Canada, to subsidize Canada?
00:46And he was unable to answer the question.
00:48I mean, why are we doing that?
00:50And I have to be honest.
00:53As a state, it works great.
00:55As a nation, considering the fact that most of the nation, you know, 95% of Canada, what they do is they buy from us, and they sell to us.
01:05They sell to us.
01:06If we didn't buy their oil, if we didn't buy their oil, and we don't need their oil.
01:11We have more oil than anyone, but we don't need their oil.
01:14We don't need their lumber.
01:15We don't need their cars.
01:15We don't need anything.
01:17So I said, why are we doing this?
01:19Why are we spending $200 billion?
01:21It doesn't make sense.
01:21If we needed something, that would be a different subject.
01:24So I'm working well with Canada.
01:29We're doing very well.
01:30We're working on a deal.
01:32We'll see what happens.
01:33But again, you know, why, representing this country, why are we spending $200 billion to support and subsidize another country?
01:44Because if they didn't have us, and if we didn't spend that money, as Trudeau told me, they would cease to exist.
01:53He said that to me.
01:54They would cease to exist, which is true, certainly as a country.