https://www.pupia.tv - USA - President Trump Participates in a Bilateral Meeting with the Prime Minister of Canada (06.05.25)
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00:00Grazie a tutti.
00:30Grazie a tutti.
01:00Grazie a tutti.
01:30Grazie a tutti.
02:00Grazie a tutti.
02:30Grazie a tutti.
03:00Grazie a tutti.
03:30Grazie a tutti.
04:00Grazie a tutti.
04:30Grazie a tutti.
05:00Grazie a tutti.
05:30Grazie a tutti.
06:00Grazie a tutti.
06:30Grazie a tutti.
07:00Grazie a tutti.
07:30Grazie a tutti.
09:30Grazie a tutti.
09:59non voglio farlo.
10:01Non voglio farlo.
10:03E noi voglio farlo.
10:05E noi voglio farlo.
10:07E noi voglio farlo.
10:09E noi voglio farlo.
10:11E hanno capitato.
10:13Ma più importante,
10:15noi voglio farlo.
10:17Diciamo che non voglio farlo più.
10:19E questo è il punto di fare.
10:21E questo è il punto di fare.
10:23Quindi è proprio news.
10:25E questo è un po' di più.
10:27E questo è un po' di più.
10:29E sono stati molto spettacoli.
10:31E sono stati molto spettacoli.
10:33E sono stati molto spettacoli.
10:35E sono stati molto spettacoli.
10:37E non è solo un canale.
10:39Ci sono stati diversi.
10:41E io accettare la parola.
10:43E noi stiamo fare la parola.
10:45E noi stiamo fare la parola di Uthi.
10:47E effettivamente.
10:49E Marco, vi farò che tutti conoscono.
10:53in Italia.
10:55Do you have something to say about that, by the way?
10:57This is a pretty big announcement.
10:59Yeah, this was always a freedom of navigation issue.
11:01Besides, these are, you know,
11:03band of individuals with advanced weaponry
11:05that were threatening global shipping.
11:07And the job was to get that to stop.
11:09And if it's going to stop, then we can stop.
11:11And so, I think it's an important development.
11:13And we'll have, maybe, before we're going to,
11:15as you know, the Middle East, Saudi Arabia.
11:17We're going to UAE and Qatar.
11:21And that'll be, I guess, Monday night.
11:23Some of you are coming with us.
11:25I think, before then, we're going to have
11:27a very, very big announcement to make.
11:29Like, as big as it gets.
11:31And I won't tell you on what.
11:33But it's going to, and it's very positive.
11:35I'd also, I'd tell you if it was negative or positive.
11:37I can't keep that out.
11:39It is really, really positive.
11:41And that announcement will be made either Thursday or Friday
11:45or Monday before we leave.
11:47But it will be one of the most important announcements
11:50that have been made in many years about a certain subject.
11:54A very important subject.
11:56So, you'll all be here.
11:58Mark, would you like to say a few words?
12:00The President, thank you, Mr. President.
12:02I'm on the edge of my seat, actually.
12:04But thank you for your hospitality and, above all,
12:08for your leadership.
12:10You're a transformational President.
12:13The focus on the economy with a relentless focus
12:15on the American worker.
12:17Securing your borders.
12:19Ending the scourge of fentanyl and other opioids.
12:23And securing the world.
12:26And I've been elected with my colleagues here,
12:29with the help of my colleagues here,
12:31I'm going to spread the credit,
12:34to transform Canada with a similar focus on the economy,
12:38securing our borders.
12:40Again, on fentanyl.
12:41Much greater focus on defense and security.
12:44Securing the Arctic and developing the Arctic.
12:47And, you know, the history of Canada and the U.S.
12:50is we're stronger when we work together,
12:52and there's many opportunities to work together.
12:53And I look forward to, you know,
12:55addressing some of those issues that we have,
12:57but also finding those areas of mutual cooperation
13:00so we can go forward.
13:01That's great.
13:02Very nice.
13:03Thank you very much.
13:04It's a very nice statement.
13:05Anybody?
13:06Mr. President, is the U.S. MCA dead?
13:10No.
13:11It was actually very effective.
13:14And it's still very effective.
13:16But people have to follow it.
13:19So, you know, that's been a problem.
13:21People haven't followed it.
13:23But it was a transitional step a little bit.
13:28And, as you know, it terminates fairly shortly.
13:32It gets renegotiated very shortly.
13:35But I thought it was a very positive step from NAFTA.
13:38NAFTA was the worst trade deal in the history of our country.
13:41Probably in the history of the world.
13:43And this was a transitional deal.
13:48And we'll see what happens.
13:49You know, we're going to be starting to possibly renegotiate that
13:53if it's even necessary.
13:54I don't know that it's necessary anymore.
13:56But it served a very good purpose.
13:58And the biggest purpose it served is we got rid of NAFTA.
14:01NAFTA was a very unfair deal for the United States.
14:04A very, very terrible deal.
14:05It should have never been made.
14:06It was made many years ago, but it should have never been made.
14:09The Press of Canada and the United States,
14:13would you like to see your first trade deal be with Canada?
14:16I would love that.
14:18Look, I have a lot of respect for this man.
14:20And I watched him come up, in a sense, through the ranks
14:24when he wasn't given much of a chance.
14:26And he ran a really great campaign.
14:28He did a really great debate.
14:29I think that debate was very helpful.
14:31I was going to raise my hand.
14:34I don't know if that's good or bad.
14:36I shouldn't say that.
14:37That might hurt you.
14:38But no, he ran a really great election, I thought.
14:41And yeah, something could happen.
14:43Something could happen.
14:44Yeah, please.
14:46What's the top concession you want out of Canada?
14:49The top concession you want out of Canada?
14:50Concession?
14:51Yes.
14:52Friendship.
14:53But that's not a concession.
14:54No.
14:55I just, I just, we're going to be friends with Canada.
14:57Regardless of anything, we're going to be friends with Canada.
15:00Canada is a very special place to me.
15:03I know so many people that live in Canada.
15:06My parents had relatives that lived in Canada.
15:09My mother, in particular.
15:10And no, I love Canada.
15:13A lot of, I have a lot of respect for the Canadians.
15:17Wayne Gretzky.
15:18I mean, how good, the great one.
15:20You happen to have a very, very good hockey player right here
15:24on the Capitals, who I have a lot of, he is a big, tough cook.
15:27He just broke the record.
15:29And he's a great guy.
15:30And, you know, we had the, we had the team here,
15:33and I got to know a lot of the players.
15:35But, no, Canada is a very special place.
15:39Yeah, please.
15:40The Press.
15:41Mr. President, and Mr. Prime Minister, I'd like to get your
15:43responsibilities, too.
15:44But, Mr. President, you have said that Canada should
15:46become the fifth-first state.
15:48No.
15:49No, no.
15:50Well, I still believe that.
15:51But, you know, it takes two to tango, right?
15:54But, no, I do.
15:55I mean, I believe it would be a massive tax cut for the
15:58Canadian citizens.
16:00You get free military.
16:01You get tremendous medical cares and other things.
16:05There would be a lot of advantages, but it would be,
16:09it would be a massive tax cut.
16:11And it's also a beautiful, you know, as a real estate
16:14developer, you know, I'm a real estate developer at heart.
16:17When you get rid of that artificially drawing line,
16:19somebody drew that line many years ago with like a ruler,
16:21just a straight line right across the top of the country.
16:24When you look at that beautiful formation when it's
16:27together, I'm a very artistic person.
16:31But when I looked at that beauty, I said that's the way
16:33it was meant to be.
16:34But, you know, it, I just, I do feel it's much better for
16:39Canada.
16:40But we're not going to be discussing that unless
16:42somebody wants to discuss it.
16:44I think that there are tremendous benefits to the
16:47Canadian citizens, tremendously lower taxes, free military,
16:51which honestly we give you essentially anyway, because
16:54we're protecting Canada if you ever had a problem.
16:57But I think it, you know, it's, it would really be a
17:01wonderful marriage because it's, it's two places that get
17:04along very well.
17:05They like each other a lot.
17:07Well, if, if I may, as you know from real estate,
17:11there are some places that are never for sale.
17:14That's true.
17:15We're sitting in one right now.
17:16You know, Buckingham Palace that you visited as well.
17:18That's true.
17:19And having met with the owners of Canada over the course
17:23of the campaign last several months, it's not for sale,
17:27won't be for sale ever.
17:29But the opportunity is in the partnership and the, and what
17:33we can build together.
17:34And we have done that in the past.
17:35And part of that, as the President just said, is with
17:39respect to our own security.
17:40And my government is committed for a step change in our
17:45our investment in Canadian security and our partnership.
17:48And I'll say this as well, that the President has
17:52revitalized international security, revitalized NATO.
17:55That's true.
17:56And us playing our full weight in NATO.
17:58And that will be part of it.
17:59That's true.
18:00And they have.
18:01Mr. President, you never talked about Mexico.
18:04The President.
18:05Mr. I must say, Canada is stepping up the military
18:07participation because Mark knew, you know, they were low,
18:11and now they're stepping it up.
18:13And that's a very important thing.
18:14But never say never.
18:15Never say never.
18:16Mr. What?
18:17What?
18:18What?
18:19Mr. President.
18:20What do we take to get terrorists off of Canada?
18:25The President.
18:26Well, we'll be talking about different things.
18:27You know, we want to protect our automobile business.
18:31And so does Mark.
18:32But we want to protect, we want to make the automobiles.
18:35And we want to, you know, we have a tremendous abundance
18:38of energy more than any country.
18:41We have, just in Alaska alone, Anwar has been reopened now.
18:44Anwar is probably the largest find anywhere in the world.
18:47They say it's larger than Saudi Arabia.
18:48I don't know, but it's a lot.
18:50But we have tremendous amounts of energy.
18:53Other countries don't.
18:54We're both lucky in that way.
18:55They have energy.
18:56We have energy.
18:57We have more than we can ever use and more than we could
19:00ever sell, actually.
19:01And you have the same thing.
19:03So we're two countries that are very lucky.
19:05If you look at China, they don't have that.
19:06You know, it's a big disadvantage.
19:09Other countries, most countries don't have, you know,
19:11most countries don't have that.
19:13So Canada and us, we have a lot of advantages over other places.
19:19When you consider what Mr. Carney just said,
19:25that Canada is not for sale, does this make the discussion
19:28a little more difficult to start on?
19:30No, not at all.
19:31No, not at all.
19:32Time.
19:33Time will tell.
19:34Time.
19:35But I say, never say never.
19:37I've had many, many things that were not doable
19:40and they ended up being doable.
19:42And only doable in a very friendly way.
19:44But if it's to everybody's benefit, you know,
19:47Canada loves us and we love Canada.
19:49That's, I think, the number one thing that's important.
19:53But we'll see.
19:54I mean, over time, we'll see what happens.
19:55China.
19:59The Pressel of China.
20:00The Pressel of China.
20:01The Pressel of China.
20:02I was hoping you could clarify something.
20:04Earlier this morning, Capitol Hill Secretary Vesely said
20:05that there hadn't been no negotiations yet with China.
20:07You have said something different.
20:09But…
20:10The President of China They want to meet.
20:11And they're doing no business right now.
20:13And those ships are turning around in the Pacific Ocean.
20:16Big turn.
20:17Those are big ships.
20:18Those ships take about 10 miles to turn.
20:21We lost a trillion dollars to China on trade
20:25because of an incompetent president that we had
20:28who preceded me, grossly incompetent.
20:30You're finding it out more and more now.
20:32And by not trading, we're losing nothing.
20:35So we're saving a trillion dollars.
20:37It's a lot.
20:38But they want to negotiate and they want to have a meeting
20:41and we'll be meeting with them at the right time.
20:43But you haven't met with them yet?
20:45I have not met with them, of course.
20:47You would know if I met.
20:48I'd tell you they want to meet.
20:50But, you know, we are right now.
20:53Look, they're suffering greatly.
20:55Their economy is suffering greatly
20:57because they're not doing trade with the U.S.
20:58And they made most of their money off the U.S.
21:01Don't kid yourself.
21:02They don't make the money off other countries like this.
21:05And they were making, we had a trade imbalance.
21:08We had a deficit or they had a surplus,
21:12another way of saying it, of more than a trillion dollars.
21:15Think of it, more than a trillion dollars.
21:17And because of 145 percent, that's the only reason,
21:20but because of they have now 145 percent tariff,
21:24there's no trading.
21:25You can't trade with 145 percent.
21:27We are, therefore, making, in a certain way, I guess,
21:33$1.1 trillion.
21:35In other words, we're not losing $1.1 trillion.
21:38Our deficit is much better.
21:40When I started, I say we were losing billions of dollars a day on trade.
21:46That's rapidly turning around.
21:48We looked at numbers this morning.
21:50So we were losing, the United States during Biden was losing more than,
21:56I won't even give you numbers because they're so embarrassing,
21:58but billions of dollars a day on trade.
22:02Those numbers are rapidly turning between the tariffs.
22:04Don't forget, we're now getting 25 percent on cars,
22:0825 percent on aluminum, 25 percent on steel,
22:12and maybe more importantly,
22:14massive numbers of companies are moving into the United States.
22:19Honda, we have tremendous, the car companies are moving in at levels we've never seen before.
22:26The biggest investment ever made in the United States is being made right now.
22:31Trillions of dollars.
22:33I would say we could be at nine.
22:35Nine trillion dollars.
22:37You could go back to other presidents.
22:39They haven't had one trillion dollars for their entire term.
22:44Look at Biden.
22:44He had bad numbers.
22:46People are leaving.
22:47They weren't coming in.
22:47They were leaving with Biden, and he didn't know the difference.
22:50The only thing he knew is people coming in.
22:53You know who they were?
22:54Illegal immigrants.
22:55Okay?
22:56From prisons, from mental institutions,
23:00from all sorts of places that weren't good,
23:02from gangs, from Venezuela.
23:04They were coming in, and there were criminals and murderers.
23:0811,888 people that murdered, and at least half of them murdered more than one person.
23:14This is what Biden led into our country.
23:16I'm bringing in big companies.
23:18We have Apple is investing $500 billion.
23:21We have Jensen, as you know, who's going to be 500, biggest chip maker,
23:27or chip thinker, I call him.
23:29He's really a thinker more than a maker.
23:31But we also have the maker, Mr. Wei.
23:34I get to know them all in the last...
23:36It was a cram course.
23:38But they're all moving into America because of the tariffs.
23:42And the...
23:44I don't think people have appreciated it.
23:46Some people do.
23:46Some of the smart people do.
23:48So we have more money coming in.
23:50It's really an amazing thing.
23:51We have more money being invested in the United States now
23:55than at any time ever before in our history,
23:57and it's not even close.
23:59And I think the real number could be 9 or 10 trillion.
24:01We don't know everybody that's doing it.
24:03We have many...
24:04I just heard about a plant that's being built right now,
24:07a very, very top-of-the-line company,
24:09and they didn't come to the White House.
24:11They're just doing it because they're making it
24:13because if they build here, there are no tariffs.
24:16And this is the big market.
24:17This is the market.
24:18That sets us apart from it.
24:19This is the market where everyone wants to be.
24:22Now, if I didn't come here and do this,
24:24all of a sudden we wouldn't be the market
24:25where everyone wants to be.
24:27So we're able to do it in time.
24:29But we're going to have a great announcement,
24:30and I'm not necessarily saying it's on trade.
24:33going to the beginning.
24:35We're going to have a great announcement
24:36over the next few days,
24:38an announcement that will be so incredible,
24:42so positive.
24:43And I'm not saying...
24:43I don't want you to think it's necessarily on trade.
24:46Just to finish, we also have a situation...
24:49Because everyone says,
24:50when, when, when are you going to sign deals?
24:51We don't have to sign deals.
24:53We could sign 25 deals right now, Howard, if we want it.
24:57We don't have to sign deals.
24:58They have to sign deals with us.
25:00They want a piece of our market.
25:01We don't want a piece of their market.
25:03We don't care about their market.
25:05They want a piece of our market.
25:07So we can just sit down,
25:08and I'll do this at some point over the next two weeks.
25:11And I'll sit with Howard and Scott
25:13and with our great Vice President,
25:15who has done a really good job.
25:18We have some good news to report on a lot of fronts.
25:21But J.D. will be there, and Marco,
25:23and we're going to sit down,
25:24and we're going to put very fair numbers down,
25:26and we're going to say,
25:27here's what this country, what we want,
25:32and congratulations, we have a deal.
25:34And they'll either say, great,
25:36and they'll start shopping,
25:37or they'll say, not good, we're not going to do it.
25:40And I'll say, that's okay, you don't have to shop.
25:42Now, we may think, well, they have a right,
25:45you know, that maybe we were a little bit wrong,
25:47so we'll adjust it.
25:48And then you people will say, oh, it's so chaotic.
25:51No, we're flexible.
25:53But we'll sit down, and we'll, at some point,
25:56in some cases, we'll sign some deals.
25:58It's much less important than what I'm talking about.
26:00For the most part, we're just going to put down a number
26:02and say, this is what you're going to pay to shop.
26:04And it's going to be a very fair number.
26:06It'll be a low number.
26:06We're not looking to hurt countries.
26:08We want to help countries.
26:09We want to be friendly with countries.
26:11But you keep writing about deals, deals.
26:13When are we going to sign one?
26:15It's very simple.
26:15We're going to say, in some cases,
26:18we want you to open up your country.
26:20In some cases, we want you to drop your tariffs.
26:23I mean, India, as an example,
26:24is one of the highest tariffs in the world.
26:27We're not going to put up with that.
26:28And they've agreed already to drop it.
26:30They'll drop it to nothing.
26:32They've already agreed.
26:33They would have never done that for anybody else but me.
26:36So we're going to put down some numbers,
26:39and we're going to say, our country is open for business.
26:42And they're going to come in,
26:43and they're going to pay for the privilege
26:46of being able to shop in the United States of America.
26:50It's very simple.
26:51It's very simple.
26:52So I wish they'd keep, you know,
26:54stop asking how many deals are you signing this week?
26:58Because one day we'll come
26:59and we'll give you a hundred deals.
27:01And they don't have to sign.
27:02All they have to do is say,
27:04oh, we'll start sending our ships right now
27:07to pick up whatever we want
27:09or to bring whatever we want.
27:10It's very, very simple.
27:11And I think my people haven't made it clear.
27:14We will sign some deals.
27:16But much bigger than that is we're going to put down the price
27:19that people are going to have to pay
27:21to shop in the United States.
27:23Think of us as a super luxury store.
27:26A store that has the goods.
27:29You're going to come, and you're going to pay a price,
27:31and we're going to give you a very good price.
27:33We're going to make very good deals.
27:34and in some cases we'll adjust.
27:37But that's where it is.
27:38And we've been ripped off by everybody for 50 years.
27:44For 50 years.
27:46And we're just not going to do that anymore.
27:48We can't do that.
27:49And we can't let any country do that to us.
27:51We're just not going to do it anymore.
27:53On the Houthis, can you tell us a bit more
28:02about the deal that you've reached with the Houthis?
28:05No, it's not a deal.
28:06They've said, please don't bomb us anymore,
28:09and we're not going to attack your ships.
28:11And where did you hear about that?
28:13It doesn't matter where I hear it.
28:14A very good source, I can tell you.
28:16A very, very good source.
28:17Would you say, Marco?
28:18I would say, pretty good.
28:19Right, J.D.?
28:20A very good source.
28:21They don't want to be bombed anymore.
28:29You know, I sort of thought that would happen.
28:33Is the U.S. prepared to walk away from that pact?
28:39Or what, USMCA?
28:40No, no, it's fine.
28:42It's there.
28:43It's good.
28:43We use it for certain things.
28:45It's there.
28:45The USMCA is a good deal for everybody.
28:48I won't say this about Mark, but I didn't like his predecessor.
28:54I didn't like a person that worked.
28:55She was terrible, actually.
28:57She was a terrible person.
28:58And she really hurt that deal very badly because she tried to take advantage of the deal and she didn't get away with it.
29:06You know what I'm talking about.
29:07But, so, you know, I had a, we had a bad, we had a bad relationship having to do with the fact that we disagreed with the way they viewed the deal.
29:16And we ended it, you know, we ended that relationship pretty much.
29:22The USMCA is great for all countries.
29:24It's good for all countries.
29:25We do have a negotiation coming up over the next year or so to adjust it or terminate it.
29:31Mr. President, I'll just say, I'll say a word on USMCA if I may, Mr. President.
29:36It is a basis for a broader negotiation.
29:40Some things about it are going to have to change.
29:42And part of the way you've conducted these tariffs has taken advantage of existing aspects of the USMCA.
29:47So it's going to have to change.
29:49There's other elements that have come, and that's part of what we're going to discuss.
29:53On board.
29:53During the campaign, Prime Minister Carney talked about the American material.
30:02How did you react if Canada decided not to shop in the American store as much as before and decided to partner with other countries?
30:11Well, we don't do much business with Canada from our standpoint.
30:14They do a lot of business with us.
30:17We're at like 4%.
30:18And usually those things don't last very long.
30:21You know, we have great things, great product, the kind of product we sell, nobody else can sell, including military.
30:28Look, we make the best military equipment in the world.
30:31And Canada buys our military equipment, which we appreciate.
30:35But we make the best military equipment in the world by far.
30:38The missiles, the submarines, everything.
30:41Everything we have is really top-notch.
30:43I rebuilt our military during our last term.
30:46Stupidly, we gave some away to Afghanistan, which shouldn't have happened.
30:49But that was, I think it was the most embarrassing moment in the history of our country.
30:56It was just very incompetent people.
30:59But if you look, the man that's now the head of our Joint Chiefs, he led the attack on ISIS for me.
31:05That's why he's the head of the Joint Chiefs.
31:06And Raisin Cain, he's the, he was unbelievable.
31:11And as you know, we defeated ISIS in three weeks.
31:15It was supposed to take five years.
31:17We did it in three weeks.
31:19And he ran the campaign.
31:20I said, I like him.
31:21But I knew him before.
31:22I went, I went to Iraq.
31:24And we agreed to a plan.
31:26And that was the plan.
31:27And as you know, we did it in record time.
31:30So we have, you know, we have the best, we have the best equipment in the world.
31:34We have the best, a lot of things.
31:36And, but Canada does a lot more business with us than we do with Canada.
31:42Yeah.
31:42Mr. President.
31:43Your investments, Mr. President.
31:46When do you think the investments that you've announced, the trillions,
31:49will finally hit the economic data this year?
31:53When you're saying about the tariffs?
31:54No, no, about the investments that you've announced.
31:56You've announced.
31:57Oh, it's hitting right now.
31:58Look, they're already starting AI plans.
32:00These are not people that look for financing.
32:02That's a good thing.
32:03You know, in real estate, you get a site.
32:06Then you have to look for financing.
32:07You have to get your zoning.
32:08You know, five years later, you start building.
32:10You get a bank.
32:11Then the bank's no good.
32:12These people have massive amounts of cash.
32:16The CHIPS Act was a ridiculous thing because that doesn't get them to build.
32:19All we did is hand very wealthy companies' money.
32:22the CHIPS Act that was done by Biden.
32:26Billions.
32:26We give them billions of dollars.
32:28They don't even have to do anything with it.
32:30And then if you weren't, if you didn't have, and I won't, I don't want to be a wise guy,
32:37but if you didn't go with the DEI, if you didn't go with all of the different things, woke.
32:42If you weren't woke, you couldn't even use the money.
32:45You had to have a certain percentage of this and that and that and that.
32:48It's impossible, impossible to have.
32:51The people, the companies actually complained to me.
32:53They said they gave me all this money, but nobody can get these people to do anything.
32:58I mean, look, President Obama, and if he wanted help, I'd give him help because I'm a really good builder
33:04and I build on time, on budget.
33:06He's building his library in Chicago.
33:08It's a disaster.
33:09And he said something to the effect, I only want DEI, I only want woke.
33:16He wants woke people to build it.
33:18Well, he got woke people and they have massive cost overruns.
33:22A job is stopped.
33:24I don't know.
33:24It's a disaster.
33:25And I don't like that happening because it's, I think it's bad for the presidency
33:29that a thing like that should happen.
33:31He's got a library that's a disaster.
33:33And he wanted to be very politically correct and he didn't use good, hard, tough, mean construction workers
33:41that I love, Marco.
33:42I love those construction workers.
33:44But he didn't want construction workers.
33:46He wanted people that, like, never did it before.
33:48And he's got a disaster in his hands.
33:50Like millions of dollars, many, many, I mean, really many millions of dollars over budget.
33:56And I would love to help him with it or somebody else.
34:00I could recommend professionals.
34:02But it was not built in a professional.
34:06By the way, nor was, nor was in California a little train going from San Francisco to Los Angeles
34:17that's being run by Gavin Newsom, the governor of California.
34:21Did you ever hear of Gavin Newsom?
34:23He has got, that train is the worst cost overrun I've ever seen.
34:28It's, like, totally out of control.
34:30So then they said, all right, we won't go into San Francisco.
34:33We'll stop 25 miles short.
34:35And we won't go into Los Angeles.
34:37We'll stop 25 miles short.
34:39It's hundreds of billions of dollars for this stupid project that should have never been built.
34:46And then they realized that it would have been a lot less costly if we just gave limousine service
34:51back and forth and gave it free.
34:53They would have saved hundreds of billions of dollars.
34:56They have airplanes that go there for one one hundredth the cost.
35:00And they have cars.
35:01They have a thing called the highway that goes back and forth.
35:03It's not fully utilized.
35:05And they got involved with this project.
35:07And Gavin, you know, I always liked Gavin.
35:09I had a good relationship with him.
35:11I just got him a lot of water.
35:13You know, I sent in people to open up that water because he refused to do it.
35:17And we just got him a lot of water.
35:20If they would have had that water and if they would have done what I said to do, they wouldn't
35:23have had the fires in Los Angeles.
35:25Those fires would have been put out very quickly.
35:27But if you think about it and you've got to take a look at this project, it's the worst
35:32cost overrun I've ever seen.
35:33I've watched a lot of stupid people build a lot of stupid things.
35:37But that's the worst cost overrun I've ever seen.
35:39What's happening between San Francisco and Los Angeles.
35:42And you want to ask about that because this government is not going to pay.
35:46I told our very great new secretary of transportation, he's doing a good job, Sean Duffy, I said,
35:52we're not going to pay for that thing.
35:55They are just, it's out of control.
35:58This is something that you don't have things like this.
36:02It's not even conceivable.
36:03Like 30 times over budget, 30 times.
36:07It's the craziest thing.
36:08And now it's hundreds of, it was supposed to be a simple train.
36:12And I think the media should take a look at it.
36:14And I'd love him to run for president on the other side.
36:17You know, I'd love to see that.
36:19But I don't think he's going to be running because that one project alone,
36:23well, that and the fires and a lot of other things pretty much put him out of the room.
36:31Mr. President, what changes would you like to see to the USMCA?
36:34Or what changes would you like to see?
36:36We're going to work on some subtle changes, maybe.
36:39I don't even know if we're going to be dealing with the USMCA.
36:41We're dealing more with concepts right now.
36:43Look, right now, we're doing trade.
36:45We have trade.
36:46They're paying a tariff on cars and steel and aluminum.
36:50And I think we have a baseline of 10% or something like that for the tariffs.
36:55But we're getting along very well.
36:57Right now, going no further.
37:00But we have an agreement.
37:04We did something with even parts.
37:05Do you want to discuss that, Howard, with respect to Canada, which helps Canada out?
37:09Sure.
37:10So we've made and arranged for the car companies that 15% of their USMCA parts are included,
37:18and then 15% of foreign parts from the manufactured suggested retail price are not tariffed to help domestic manufacturing really thrive.
37:30So it gave them a chance to be able to build their car parts, factories, if they're going to be a lot of these companies already have factories.
37:39And what they have to do is just fill them out.
37:41But they're able to build them in the United States.
37:43So we gave them a pretty substantial period of time.
37:46So just to clarify, Mr. President, is there anything the Prime Minister can say to you today to change your mind on tariffing Canada?
37:54Tariffing cars?
37:55Tariffing Canada.
37:56Is there anything he can say to you in the course of your meetings with him today that would get you to lift tariffs on Canada?
38:03No.
38:03Why not?
38:05Just the way it is.
38:09If Canadians don't want it, would you respect that?
38:13Sure, I would.
38:15But this is not necessarily a one-day deal.
38:17This is over a period of time they have to make that decision.
38:21Yes, go ahead.
38:21Yeah, if I may.
38:22Well, respectfully, Canadians' view on this is not going to change on the 51st date.
38:30Secondly, we are the largest client of the United States in the totality of all the goods.
38:36So we are the largest client of the United States.
38:38We have a tremendous auto sector between the two of us and the changes that made have been helpful.
38:45You know, 50% of a car that comes from Canada is American.
38:48That's not like anywhere else in the world.
38:51And to your question about is there one thing, no, this is a bigger discussion.
38:56There are much bigger forces involved.
38:57And this will take some time and some discussions.
39:02And that's why we're here, to have those discussions.
39:04And that is represented by who's sitting around the table.
39:08See, the conflict is, and this is very friendly.
39:12This is not going to be like we had another little blow-up with somebody else.
39:16That was a much different.
39:17This is a very friendly conversation.
39:19But we want to make our own cars.
39:23We don't really want cars from Canada.
39:26And we put tariffs on cars from Canada.
39:29And at a certain point, it won't make economic sense for Canada to build those cars.
39:34And we don't want steel from Canada because we're making our own steel
39:37and we're having massive steel plants being built right now as we speak.
39:42We really don't want Canadian steel and we don't want Canadian aluminum and various other things
39:47because we want to be able to do it ourselves.
39:50And we, because of past thinking of people, we have a tremendous deficit with Canada.
39:56In other words, they have a surplus with us.
39:59And there's no reason for us to be subsidizing Canada.
40:04Canada is a place that will have to be able to take care of itself economically.
40:11I assume they can.
40:12I will tell you that Trudeau, when I spoke to him, I used to call him Governor Trudeau.
40:17I think that probably didn't help his election.
40:19But when I spoke to him, I said, so why are we, why are we taking your cars?
40:24Why are we taking your, we want to make them ourself.
40:26I mean, I said, and if the price of your cars went up or if we put a tariff,
40:32if we put a tariff on your cars of 25%, what would that mean to you?
40:38He said, that would mean the end of Canada.
40:40He actually said that to me.
40:42And I said, that's a strange answer.
40:44But I understand his answer.
40:47But, no, I mean, it's hard to justify subsidizing Canada to the tune of maybe $200 billion a year.
40:56We protect Canada militarily, and we always will.
41:00We're going to, you know, that's not a money thing.
41:02That's, but we always will.
41:03But, you know, it's not fair.
41:06But why are we subsidizing Canada $200 billion a year, or whatever the number might be?
41:11It's a very substantial number.
41:13And it's hard for the American taxpayer to say, gee whiz, we love doing that.
41:18Thank you very much.
41:19We're going to have a very subsidizing.
41:21Thank you.
41:21Thank you very much.
41:41Thank you.