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In a tense White House exchange, President Donald Trump bluntly dismissed Canadian Prime Minister Mark Carney’s efforts to negotiate an end to tariffs on Canadian goods. When asked if there was anything Carney could say to reverse the decision, Trump coldly replied, “No. That’s the way it is.” The stark rebuff has escalated tensions between Washington and Ottawa, fueling fears of a prolonged trade standoff and further straining U.S.-Canada relations.

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00:00Is there anything he can say to you in the fourth of your meeting with him today that
00:04gets you to lift tariffs on Canada? No. Why not? Just the way it is.
00:11What would it take to get tariffs on Canada? Well, we'll be talking about different things.
00:16You know, we want to protect our automobile business, and so does Mark. But we want to
00:22protect, we want to make the automobiles, and we want to, you know, we have a tremendous
00:27abundance of energy more than any country. We have, just in Alaska alone, Anwar has been reopened now.
00:33Anwar is probably the largest find anywhere in the world. They say it's larger than Saudi Arabia.
00:37I don't know, but it's a lot. But we have tremendous amounts of energy. Other countries don't. We're both
00:43lucky in that way. They have energy. We have energy. We have more than we can ever use and
00:48more than we could ever sell, actually, and you have the same thing. So we're two countries that
00:53are very lucky. If you look at China, they don't have that. You know, it's a big disadvantage.
00:58Other countries, most countries don't have, you know, most countries don't have that.
01:02So Canada and us, we have a lot of, a lot of advantages over other places.
01:08Mr. President, when you consider what Mr. Carney just said, that Canada is not for sale,
01:15does this make the discussion a little more difficult to start on?
01:18No, not at all. No, not at all. No, time. Time will tell. It's only time. But I say, never
01:25say never. I've had many, many things that were not doable and they ended up being doable
01:30and only doable in a very friendly way. But if it, if it's to everybody's benefit, you
01:35know, Canada loves us and we love Canada. That's, I think, the number one thing that's important.
01:41But we'll see. I mean, over time, we'll see what happens.
01:48China.
01:48I was hoping you could clarify something. Earlier this morning, Capitol Hill, Secretary
01:52Besson said that there had been no negotiations yet with China. You have said something differently.
01:56Can you clarify that?
01:58They want to be, and they're doing no business right now. And those ships are turning around
02:03in the Pacific Ocean. Big turn. Those are big ships. Those ships take about 10 miles to turn.
02:08And, you know, we lost a trillion dollars to China on trade because of an incompetent
02:15president that we had who preceded me, grossly incompetent. You're finding it out more and
02:19more now. And by not trading, we're losing nothing. So we're saving a trillion dollars.
02:25It's a lot. But they want to negotiate and they want to have a meeting and we'll, we'll,
02:30we'll be meeting with them at the right time.
02:32But you haven't met with them yet.
02:33I have not met with them, of course. You would know if I've met. I'd tell you they want
02:38to meet, but you know, we are right now, look, they're suffering greatly. Their, your economy
02:44is suffering greatly because they're not doing trade with the U.S. And, and they made most
02:48of their money off the U.S. Don't, don't kid yourself. They don't make the money off other
02:52countries like this. And, uh, they were making, we had a trade imbalance. We had a, uh, a deficit
02:58or they had a surplus, another way of saying it, of more than a trillion dollars. Think of it,
03:04more than a trillion dollars. And because of 145%, that's the only reason, but because
03:09of, they have now 145% tariff, uh, there's no trading. You can't trade with 145%. Uh, we
03:16are therefore, uh, making in a certain way, I guess, $1.1 trillion. In other words, we're
03:24not losing $1.1 trillion. A deficit is much better. When I, uh, started, I say we were losing
03:31billions of dollars a day on trade. That's rapidly turning away around. We looked at numbers this
03:37morning. So we were losing the United States, uh, during Biden was losing more than, I won't
03:44even give you numbers because they're so embarrassing, but billions of dollars a day on trade.
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