02-03-25 YMS Canadian Prime Minister Justin Trudeau announced retaliatory 25% tariffs on US goods, hours after President Trump’s announcement of steep tariffs on most Canadian goods. WH correspondent Jon Decker looks at what maybe next.

Canadian Prime Minister Justin Trudeau announced retaliatory 25% tariffs on US goods, hours after President Trump’s announcement of steep tariffs on most Canadian goods. WH correspondent Jon Decker looks at what maybe next. 

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:00):
Previously on your Morning show with Michael do Chono.

Speaker 2 (00:04):
President Trump's going to speak to Canadian and Mexican leaders
this morning. As you know, Saturday, the twenty five percent
tariff went in to effect for Canada and Mexico. Today
the leaders will talk. I think the retaliation from Canada
and Trudeau is going to be a tax on crued,
a tariff on crude imported into the United States. But

(00:25):
let's see what our White House correspondent John Decker thinks.
Good morning, John, Hey.

Speaker 3 (00:28):
Good morning Jim, Michael. Actually, the tariff's going to affect tomorrow.
They were announced over the weekend. And as far as
what retaliatory tariffs are going to be imposed upon American goods, everything,
every good that's manufactured in America that will go over
to the border that Canada will be tariffed in the
same manner that every Canadian good that comes over the

(00:50):
border into the United States will face a US tariff.

Speaker 4 (00:54):
So there's several things I want to bounce off you.

Speaker 2 (00:56):
One, we had one caller from from Ottawa who called
it said he really shouldn't be talking to Trudeau. We
should be talking to Pierre and that's who's going to
get elected in October. Well, Trudeau is no longer the
leader of the Liberal Party, but he is still the
Prime minister.

Speaker 4 (01:09):
He's still the one to talk to.

Speaker 2 (01:10):
So this is kind of a little negotiation and you
know what match going on. The question is how long
will it last because that's how it will impact the
economy and the cost of things. Or is this an
ongoing negotiation and will cooler heads prevail from here?

Speaker 4 (01:26):
How do we see this playing out?

Speaker 3 (01:28):
I don't know what the endgame is for President Trump.
Is it to force Canada and Mexico to reopen the USMCA.
That's the trade agreement that was agreed to in Donald
Trump's first term in office that replaced the North American
Free Trade Agreement. Maybe that's his endgame. But you know,
as far as how long these tariffs will remain in effect,

(01:50):
I don't know. I mean, they're just going into effect
tomorrow and it's going to impact just about everything that
we purchase on a daily basis, whether you're talking talking
about produce. Forty percent of our produce comes from Mexico
or Canada, whether you're talking about electronics coming from China,
whether you're talking about auto parts, whether you're talking about

(02:12):
anything that involves electronics pretty much coming from China. It's
going to impact our daily lives.

Speaker 2 (02:19):
So we went over the numbers and it was surprising.
The younger someone is, the more a higher approval rating
President Trump gets, the older, the more it gets.

Speaker 4 (02:26):
Even that was January, now February.

Speaker 2 (02:31):
If America's got to pay a little and hurt a
little to ultimately arrive somewhere that the President believes is
an ultimate solution, how much are they willing to pay
and suffer?

Speaker 4 (02:39):
That time will tell right.

Speaker 2 (02:42):
Well, that's right.

Speaker 3 (02:43):
You know, I speak to lots of people, and they
understand the fact that those tariffs are not going to
be eaten by any company that's in it for profit.
They're going to be passed along to consumers. And so
people understand that concept. That's the reason why they I
mean the people that I to, it's anecdotal, but they're
all around the country. They're saying, this is not the

(03:04):
way to do with a deal with a trade imbalance
that may exist between the US and Mexico, US and Canada,
US and China, or for that matter, potentially the US
and the European Union, where we also have a trade imbalance.
The way to do it is to sell more American
products so that we make the best products in the world,
better than anybody else in any other part of the world.

(03:24):
That's the way to lower a trade imbalance.

Speaker 2 (03:26):
And different sectors will have different advantages and disadvantages. The
auto is often brought up as a scare tactic. I
don't know that that's as devastating for the US as
people think, but there are some you will feel, and
you'll feel immediately. And if Canada comes with a tariffy
on crude, that would be significantly felt.

Speaker 4 (03:46):
And that is neat well, that's right.

Speaker 3 (03:48):
You know, refineries in the Northern States, they are structured
in such a way to handle Canadian crude oil, to
refine that so that you can, you know, put that
crew oil ultimately in your car as gasoline, and you
know where do you.

Speaker 4 (04:04):
Get you know, that oil?

Speaker 3 (04:06):
How do you restructure your refineries to deal with perhaps
oil coming from other parts of the world. That's a
difficult concept. I mean, there's no doubt about it that
you will see the price of gasoline go up, which
means to an increase in prices of food. So that's
something that we'll have to contend with. In the near term.

Speaker 4 (04:24):
John Decker, White House Correspondent, thanks for joining us.

Speaker 1 (04:26):
Miss a little, miss a lot, miss a lot, and
we'll miss you. It's your morning show with Michael del Churno.