01-22-25 YMS President Trump says that Mexico and Canada can expect a 25% tariff on imports starting February 1. Will that raise prices for American consumers? White House Correspondent JON DECKER reports on the story.

President Trump says that Mexico and Canada can expect a 25% tariff on imports starting February 1. Will that raise prices for American consumers? White House Correspondent JON DECKER reports on the story.

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Episode Transcript

Speaker 1 (00:00):
Previously on Your Morning Show with Michael dol Choonho.

Speaker 2 (00:04):
President Trump says that Mexico and Canada can expect a
twenty five percent tariff on imports starting February first. Will
that raise prices for American consumers? White House correspondent John
Decker's here with that story. Good morning, John, Hey.

Speaker 3 (00:18):
Good morning Michael.

Speaker 4 (00:19):
That's right.

Speaker 3 (00:20):
That threat coming from President Donald Trump as it relates
to products, goods coming from Mexico coming from Canada. It's
a threat that he, as you point out, would impose
by this February the first deadline. He's also spoken about
imposing an additional ten percent tariff on goods coming from China.

(00:40):
And so you asked that question, would impact consumers for
any company that is in it for profit, that's every
company in the world. The answer is yes, because they're
not going to eat those costs. They're going to pass
those costs along to consumers.

Speaker 2 (00:54):
How much of this is art of the deal? Is
this the beginning of a negotiation or is this something
the presidents see ready to enact?

Speaker 3 (01:02):
Well, President Trump actually asked that very question yesterday. He
demurred when he was asked if this is part of
a negotiating tactic to force Mexico and Canada to renegotiate
that multilateral trade deal involving the US, Mexico, and Canada
that was signed in Donald.

Speaker 4 (01:20):
Trump's first term in the office.

Speaker 3 (01:23):
That being said, you got to figure that's part of
what Donald Trump is thinking, even though he did not
indicate that. And as you know, we saw this in
the first term. It's not a one way street. If
tariffs are imposed on those products coming into the US,
you can certainly imagine there would be retaliatory tariffs on

(01:44):
products leaving the US going to Mexico and Canada.

Speaker 2 (01:48):
So we've seen this with the President before and again
it's clear his goal is to lower cost of living
for Americans. This would not be one of those steps.
Makes me think it's more art of the deal and
this isn't the done deal, but they have to believe
it's it's coming in order to come to the table
and negotiate. Honestly, I will say this, the President might

(02:10):
be right, Michael No. And the President made it crystal
clearer about the auto workers that came up several times
in different conversations he had on inauguration day, and you know,
just buried in the back of my mind or all
these plans. You know, China's brought this plant into Mexico
where they're going to produce these cheap electric cars, and
I'm wondering if this has more to do with that
than anybody's talking about.

Speaker 4 (02:32):
Well, it could be, you know, and certainly there are there's.

Speaker 3 (02:35):
A big auto industry that does exist in both Mexico
and Canada, not only for cars and like trucks, but
also let's not forget for auto parts right coming in
from those places. And China trying to perhaps get around
its tariffs by moving its plan to Mexico and then
trying to import those vehicles into the US.

Speaker 2 (02:58):
You know, if it's there. There's an old CCR song,
Have you ever seen the rain coming on a sunny day?
I lived in New Orleans and I've done that. I
have been in Sunshine and right across the street it
was raining. But the contrast of the previous presidency to
this presidency in such close proximity is almost breathtaking. As

(03:19):
a member, as a White House correspondent, as a member
of the White House crew that follows the president, this
is this is a breathtaking difference.

Speaker 4 (03:27):
Isn't it.

Speaker 2 (03:27):
I mean inauguration night, he's already. Yeah, what's been.

Speaker 4 (03:33):
The response in every in every aspect.

Speaker 3 (03:36):
Michael, absolutely. You should see the number of people I've
never seen before that were at the White House in
the press.

Speaker 4 (03:43):
Briefing room yesterday.

Speaker 3 (03:44):
Again, I've never seen these people before, but they're attracted
to that big, bright light of Donald Trump. They want
to be a.

Speaker 4 (03:51):
Part of that in some way.

Speaker 3 (03:53):
Uh and uh yeah.

Speaker 4 (03:54):
That's a big difference than what we saw during Joe
Biden's time in.

Speaker 1 (03:59):
The White House.

Speaker 2 (03:59):
And glad we have you there to sort it all
out for us. John Decker, White House Correspondent, You have
a great dayble talk again.

Speaker 1 (04:04):
Tomorrow, miss a little, miss a lot, miss a lot,
and we'll miss you. It's your morning show with Michael
del Churno.