Enhance Your English with U.S. Government News – Trump Participates in a Bilateral Meeting with the Prime Minister of Canada, 2025. 5. 06.

0:01 thank you very much everybody Uh it’s a great honor to have Prime Minister Mark Carney with us As you know just a few 0:08 days ago he won a very big election in Canada and uh I think I was probably the 0:13 greatest thing that happened to him but I can’t take full credit They were his party was losing by a lot and uh he 0:20 ended up winning So I really want to congratulate him was one of probably one of the greatest comebacks in the history of politics maybe even greater than mine 0:28 you know but I want to just congratulate you that was a great election actually 0:33 we were watching it with interest and I think uh candidate Joe’s a very talented person a very good person because we 0:39 spoke before the election quite a few times and it’s an honor to have you at the white house and the oval office and 0:46 you see the new and improved Oval Office as it uh becomes more and more beautiful 0:51 with love you know we handle it with great love and 24 karat gold That always helps too But it’s uh it’s been uh a lot 1:00 of fun going over some of the beautiful pictures that were stored in the vaults that were for many many years in some 1:07 cases over a hundred years They were stored in vaults of the uh great presidents or almost great presidents 1:14 all all having a reason for being up every one of them So it’s very interesting But I just want to 1:20 congratulate you and uh ran a really great race I watched the debate I 1:25 thought you were excellent and I think we have a lot of things in common We have some tough tough points to go over 1:31 and that’ll be fine But we’re going to also be discussing Ukraine Russia the war because uh Mark wants it ended as 1:37 quickly as I do I think it has to end We had some very good news last night The 1:42 Houthis have announced that they are not or they’ve announced to us at least that they don’t want to fight anymore They 1:49 just don’t want to fight and uh we will honor that and we will uh we will stop 1:57 the bombings and they have capitulated but more importantly 2:03 they uh we will take their word They say they will not be blowing up ships anymore and that’s what the purpose of 2:10 what we were doing So that’s just news We just found out about that So uh I 2:16 think that’s very very positive They were they were knocking out a lot of ships going as you know sailing 2:23 beautifully down the various seas It uh it wasn’t just the canal it was a lot of 2:29 other places and I will accept their word and we are going to stop the 2:34 bombing of the Houthis effective immediately and Marco you’ll let everybody know that Okay Uh 2:42 do you have something to say about that by the way it’s pretty big announcement Yeah this was always a freedom of navigation issue These guys these are 2:49 you know band of individuals with advanced weaponry that were threatening global shipping and the job was to get that to stop and uh if it’s going to 2:56 stop then we can stop and uh so I think it’s an important development and we’ll 3:02 have maybe before we’re going to as you know the Middle East Saudi Arabia we’re going to uh UAE and Qatar and that’ll be 3:11 I guess Monday night Some of you are coming with us I think before then we’re going to have a very very big 3:16 announcement to make like as big as it gets and I won’t tell you on what but 3:22 it’s gonna and it’s very positive I’d also I’d tell you if it was negative or positive I can’t keep that out It is 3:28 really really positive and that announcement will be made either Thursday or Friday or Monday before we 3:35 leave but it’ll be one of the most important announcements that have been made in many years about a certain 3:42 subject very important subject So you’ll all be here Uh Mark would you like to 3:48 say a few words um well thank you Mr President I’m I’m on the edge of my seat actually Um but uh thank you for your 3:55 hospitality and a and above all for for your leadership You’re a you’re a transformational president Uh the focus 4:02 on the economy with a relentless focus on the American worker Uh securing your borders Um providing ending the scourge 4:09 of fentanyl and other opioids and u and securing the world And I’ve been elected 4:16 uh with uh with my colleagues here with the help of my colleagues here I’m going to spread spread the uh the credit uh to 4:24 transform Canada um with a similar focus on the economy securing our borders uh again on fentanyl uh much greater focus 4:32 on defense and security securing the Arctic and developing the Arctic Um and you know the history of Canada and the 4:38 US is we’re stronger when we work together and there’s many opportunities to work together and I look forward to 4:43 you know addressing some of those issues that we have but also uh finding those areas of mutual cooperation so we can 4:49 move forward That’s great Very nice Thank you very much It’s very nice statement Mr President 4:55 Anybody is is the US MCA dead no uh it was actually very effective and 5:03 it’s still very effective but uh people have to follow it So you know that’s 5:08 been a problem but people haven’t followed it but it’s a it was a transitional step a little bit and uh 5:17 as you know it it terminates fairly shortly It it gets renegotiated very 5:22 shortly but I thought it was a very positive uh step from NAFTA NAFTA was the worst trade deal in the history of 5:28 our country probably in the history of the world And uh this was a transitional 5:35 uh deal and we’ll see what happens You know we’ll we’re going to be start starting to possibly renegotiate that if 5:42 it’s even necessary I don’t know that it’s necessary anymore but it served a very good purpose And the biggest 5:47 purpose it served is we got rid of NAFTA NAFTA was a very unfair deal for the United States Very very terrible deal 5:54 Should have never been made It was made many years ago but it should have never been made 6:00 Canada and the United States Would you like to see your first trade deal be with our neighbors i would I would love 6:06 that Look I have a lot of respect for this man and I watched him uh come up in a sense through the ranks uh when he 6:13 wasn’t given much of a chance and he did he ran a really great campaign He did a really great debate I think that debate was very helpful Uh I was going to raise 6:21 my hand you know I don’t know if that’s good or bad I shouldn’t say that That might that might hurt you But uh No he 6:28 ran a really great election I thought And yeah something could happen Something could happen 6:34 Yeah please What’s the top concession you want out of Canada the top concession you want out of Canada concession yes Uh friendship 6:42 That’s not a concession Oh just I just We’re going to be friends with Canada regardless of anything We’re going to be 6:47 friends with Canada Canada is a very special place uh to meet I know so many 6:52 people that live in Canada My parents had relatives that lived in Canada My mother in particular and uh No I I love 7:01 Canada A lot of I have a lot of respect for the Canadians Wayne Gretzky I mean 7:07 how good the great one uh you happen to have a very very good hockey player right here on the Capitals who I have a 7:14 lot of reason He is a big tough cookie too Just broke the record and he’s a great guy And uh you know we had the uh 7:21 we had the team here and I got to know a lot of the players but uh now Canada is 7:26 a very special place Yeah please Mr President Mr Prime Minister I’d like to get your response to this too but Mr 7:33 President you have said that Canada should become the 51st state No no Well I still believe that but but 7:40 you know takes two to tango right but no I do I mean I believe it would be a 7:46 massive tax cut for the Canadian citizens Uh you get free military you get tremendous uh medical cares and 7:53 other things There would be a lot of uh advantages but it would be it would be a 7:58 massive tax cut And it’s also a beautiful you know as a real estate developer you know I’m a real estate 8:04 developer at heart When you get rid of that artificially drawn line somebody drew that line many years ago with like 8:10 a ruler just a straight line right across the top of the country When you look at that beautiful formation when 8:16 it’s together I’m a very artistic person But when I looked at that beautiful I 8:21 said that’s the way it was meant to be But you know it uh I just I do feel it’s 8:27 much better for Canada But we’re not going to be discussing that unless somebody wants to discuss it I think 8:33 that um there are tremendous benefits to the Canadian citizens tremendously lower 8:38 taxes free military which honestly we give you essentially anyway because we’re protecting Canada if you ever had 8:44 a problem But uh I think it you know it’s uh it would really be a wonderful 8:50 marriage because it’s it’s two places They get along very well They like each other a lot Well if if if I may um as 8:58 you know from real estate there are some places that uh are never for sale That’s true Uh we’re sitting in one right now 9:04 you know Buckingham Palace that you visited as well That’s true Uh and um having met with the owners of Canada 9:11 over the course of the campaign uh last several months Uh it it it’s not for sale won’t be for sale uh ever Uh but 9:18 the opportunity is in the partnership and the and what we can build together And we have done that in the past And 9:24 part of that as the president just said is with respect to our own security Uh 9:29 and my government is committed for a step change in our investment in 9:34 Canadian security and our partnership And I’ll say this as well uh that the president has uh revitalized uh 9:42 international security revitalized NATO and us playing our full weight uh in NATO And that will be part of and they 9:48 have they have I must say Canada is stepping 9:54 up the military uh participation because uh Mark knew you know they were low and 10:00 now they’re stepping it up and that’s a very important thing but never say never never say never 10:11 what would it take to get the terrorists off of Canada well we’ll be talking about different things like you know we 10:16 want to protect our automobile business and so does Mark but we want to protect 10:22 we want to make the automobiles and we want to you know we have a tremendous abundance of energy more than any 10:29 country We have uh just in Alaska alone Anoir has been reopened now Anoir is one probably the largest find anywhere in 10:35 the world They say it’s larger than Saudi Arabia I don’t know but it’s a lot But we have uh tremendous amounts of 10:41 energy Other countries don’t We’re both lucky in that way They have energy We have energy We have more than we can 10:46 ever use and more than we could ever sell actually And you have the same thing So we’re two countries that are 10:53 very lucky If you look at China they don’t have that You know it’s a big disadvantage Other countries most 10:58 countries don’t have you know most countries don’t have that So uh Canada and US we have a lot of uh a lot of 11:05 advantages over other places Mr Mr 11:11 When you consider when you consider what Mr Carney just said that Canada is not for sale does this make the discussion a 11:16 little more difficult to start on no not at all No not at all No time Time will 11:21 tell It’s only time But I say never say never I’ve had many many things that 11:28 were not doable and they ended up being doable and only doable in a very friendly way But if it if it’s to 11:34 everybody’s benefit you know Canada loves us and we love Canada Uh that’s I think the number one thing that’s 11:40 important But we’ll see I mean over time we’ll see what happens 11:47 Mr President I was hoping you can clarify something Earlier this morning on Capital Hill Secretary Bess said that there negotiations with China You have 11:55 said something different uh they want to meet and they’re doing no business right now and those ships 12:01 are turning around in the Pacific Ocean Big turn Those are big ships Those ships take about 10 miles to turn And uh you 12:10 know we lost a trillion dollars to China on trade because of an incompetent president that we had who preceded me 12:16 Grossly incompetent You you’re finding it out more and more now And by not trading we’re losing nothing So we’re 12:23 saving a trillion dollars It’s a lot But they want to negotiate and they want to 12:28 have a meeting and we’ll we’ll we’ll be meeting with them at the right time But you haven’t met with them yet I have not 12:33 met with them Of course you would know if I met I’d tell you they want to meet but you know we are right now Look 12:41 they’re suffering greatly Their their economy is suffering greatly because they’re not doing trade with the US And 12:46 and they made most of their money off the US Don’t don’t kid yourself They don’t make the money off other countries 12:52 like this And uh they were making we had a trade imbalance We had a a deficit or 12:58 they had a surplus another way of saying it of more than a trillion dollars Think of it more than a trillion dollars And 13:05 because of 145% that’s the only reason But because of they have now 145% tariff 13:11 Uh there’s no trading You can’t trade with 145% uh we are therefore uh making in a 13:19 certain way I guess $1.1 trillion In other words we’re not losing $1.1 13:25 trillion Our deficit is much better When I uh started I say we were losing 13:31 billions of dollars a day on trade That’s rapidly turning away around We 13:36 looked at numbers this morning So we were losing the United States during Biden was losing more than I I won’t 13:44 even give you numbers because they’re so embarrassing but billions of dollars a day on trade Those numbers are rapidly 13:51 turning between the tariffs Don’t forget we’re now getting 25% on cars 25% on 13:57 aluminum 25% on steel and maybe more importantly uh massive numbers of 14:03 companies are moving into the United States Honda we have uh tremendous the 14:10 car companies are moving in at levels we’ve never seen before Uh the biggest investment ever made in the United 14:17 States is being made right now Trillions of dollars Uh I would say we could be at 14:22 nine $9 trillion You could go back to other presidents They haven’t had $1 trillion 14:29 for their entire term Look at Biden He had bad numbers People were leaving They weren’t coming in They were leaving with 14:36 Biden and he didn’t know the difference The only thing he knew is people coming in You know who they were illegal 14:42 immigrants okay from prisons from mental institutions from uh all sorts of places 14:49 that weren’t good From gangs from Venezuela Uh they were coming in and there were criminals and murderers 14:57 11,888 people that murdered and at least half of them murdered more than one person This is what Biden led into our 15:04 country I’m bringing in big companies We have Apple is investing $500 billion We 15:10 have Jensen as you know is going to be 500 biggest chip maker or chip thinker I 15:16 call him He’s really a thinker more than a maker But we also have the maker Mr Weey I get to know them all in the last 15:24 it was a cram course Uh but uh they’re all moving into America because of the tariffs and the the I don’t think people 15:32 have appreciated it Some people do some of the smart people do So we have more money uh coming in It’s truly an amazing 15:39 thing We have more money being invested in the United States now than at any time ever before in our history And it’s 15:45 not even close And I think the real number could be nine or 10 trillion We don’t know everybody that’s doing it We 15:51 have many I just heard about a plant that’s being built right now Very very top-of-the-line company And they didn’t 15:58 come to the White House They’re just doing it because they’re making it because if they build here there are no 16:03 tariffs and this is the big market This is the market that sets us apart from it This is the market where everyone wants 16:09 to be Now if I didn’t come here and do this all of a sudden we wouldn’t be the market where everyone wants to be So 16:15 we’re able to do it in time But we’re going to have a great announcement and I’m not necessarily saying it’s on trade 16:21 uh going to the beginning We’re going to have a great announcement over the next few days An announcement that will be uh 16:28 so so incredible so positive And I’m not saying I don’t want you to think it’s necessarily on trade Uh just to finish 16:35 we also have a situation because everyone says when when are you going to sign deals we don’t have to sign deals 16:41 We could sign 25 deals right now Howard if we wanted We don’t have to sign deals 16:46 They have to sign deals with us They want a piece of our market We don’t want a piece of their market We don’t care 16:51 about their market They want a piece of our market So we can just sit down and I’ll do this at some point over the next 16:58 two weeks And I’ll sit with Howard and Scott and with with our great vice president who has done a really good job 17:06 We have some good news to report on a lot of fronts But JD will be there and Marco and we’re going to sit down and 17:12 we’re going to put very fair numbers down and we’re going to say here’s what this country what we want and 17:20 congratulations we have a deal and they’ll either say great and they’ll start shopping or they’ll say not good 17:27 we’re not going to do it I said “That’s okay You don’t have to shop.” Now we may think “Well they have a right.” You know 17:32 they that maybe we were a little bit wrong so we’ll adjust it And then you people will say “Oh it’s so chaotic.” No 17:39 we’re flexible But we’ll sit down and we’ll at some point some in some cases 17:44 we’ll sign some deals It’s much less important than what I’m talking about For the most part we’re just going to put down a number and say “This is what 17:51 you’re going to pay to shop.” And it’s going to be a very fair number It’ll be a low number We’re not looking to hurt countries We want to help countries We 17:57 want to be friendly with countries But you keep writing about deals deals When are we going to sign when it’s very 18:03 simple we’re going to say uh in some cases we want you to open up your country In some cases we want you to 18:10 drop your tariffs I mean India as an example has one of the highest tariffs in the world Uh we’re not going to put 18:15 up with that And they’ve agreed already to drop it They’ll drop it to nothing They’ve already agreed They would have 18:21 never done that for anybody else but me So uh we’re going to put down some 18:26 numbers and we’re going to say our country is open for business and they’re going to come in and they’re going to 18:32 pay for the privilege of being able to uh shop in the United States of America 18:38 It’s very simple It’s very simple So I wish they’d keep you know stop asking 18:43 how many deals are you signing this week because one day we’ll come and we’ll give you a hundred deals and they don’t 18:49 have to sign All they have to do is say “Oh we’ll start sending our ships right 18:54 now to pick up whatever we want or to bring whatever we want.” It’s very very simple And I think my people haven’t 19:01 made it clear We will sign some deals But much bigger than that is we’re going to put down the price that people are 19:08 going to have to pay to shop in the United States Think of us as a super luxury store a store that has the goods 19:17 you’re going to come and you’re going to pay a price and we’re going to give you a very good price We’re going to make very good deals and in some cases we’ll 19:24 adjust But that’s where it is And uh we’ve been ripped off by everybody for 19:30 50 years For 50 years and we’re just not going to do that anymore We can’t do 19:36 that And we can’t let any country do that to us We’re just not going to do it anymore 19:44 Mr President Mr President on the on the 19:49 Hurricanes can you tell us a bit more about the the deal that you’ve reached with the Houthies that you It’s not a deal They’ve said uh please don’t bomb 19:56 us anymore and we’re not going to attack your ships And where did you hear about that uh it doesn’t matter where I hear 20:02 the very good source I could tell Very very good source Would you say Marco i would say pretty good right JD a very 20:08 good source No they don’t want to be they don’t want 20:15 to be they don’t want to be bombed anymore You know sort of thought that would happen 20:21 Behind you please Clarifying something you said on USMCA Is the US prepared to walk away from that pact what pact usmca 20:28 No not No no it’s fine It’s there It’s good We use it for certain things It’s there We have the USMCA is a good deal 20:35 for everybody Uh I won’t say this about Mark but I didn’t like his predecessor I 20:42 didn’t like a person that worked for She was terrible actually She was a terrible person and she really hurt that deal 20:48 very badly because she tried to take advantage of the deal and she didn’t get away with it You know who I’m talking 20:54 about But uh so you know I had a we had a bad we had a bad relationship having 21:01 to do with the fact that we disagreed with the way they viewed the deal and we ended it You know we ended that uh that 21:08 relationship pretty much the uh USMCA is great for all countries It’s good for all countries We do have a negotiation 21:14 coming up over the next year or so to adjust it or terminate it Mr President 21:21 I’ll just say I’ll say a word on USMT if I may Mr President uh it is a basis for 21:26 a broader negotiation Some things about it are going to have to change Um and part of the way you’ve conducted these 21:32 tariffs has taken advantage of existing aspects of USMCA So it’s going to have to change There’s other elements that 21:38 have come and that’s part of what we’re going to discuss 21:45 During the campaign Prime Minister Carney talked about the American betrayal How do you react if the Canada 21:52 decided not to shop in the American store as much as before and decided to partner with other countries well we 21:59 don’t do much business with Canada from our standpoint They do a lot of business with us We’re at like 4% and usually 22:07 those things don’t last very long You know we have great things great product The kind of product we sell nobody else 22:12 can sell Uh including military Look we make the best military equipment in the 22:18 world and Canada buys our military equipment which we appreciate but we make the best military equipment in the 22:25 world by far The missiles the the submarines everything Everything we have is really topnotch I rebuilt our 22:32 military during our last term Stupidly we gave some away to Afghanistan which shouldn’t have happened but that was uh 22:39 I think it was the most embarrassing moment in the history of our country uh 22:44 it was just a very incompetent people But if you look the man that’s now the 22:49 head of our joint chiefs he led the attack on ISIS for me It’s why he’s the head of the joint chiefs And uh Raisin 22:56 Kaine he’s the he was unbelievable And as you know we defeated ISIS in three 23:02 weeks It was supposed to take five years We did it in three weeks And he ran the 23:07 campaign I said I like him but I knew him before or I went I went to Iraq and we agreed to a plan and that was the 23:14 plan and as you know we did it in record time Uh so we have you know we have the 23:20 best we have the best equipment in the world We have the best a lot of things and uh but Canada does a lot more 23:27 business with us than we do with Canada Yeah Mr President your investments Mr President 23:34 um when do you think the investments that you’ve announced the trillions will finally hit the economic data this year 23:40 uh when you’re saying about the tariffs or No no about the investments that you’ve announced you’ve announced Oh it’s hitting right now Look they’re 23:46 already starting AI plans These are not people that look for financing That’s a good thing You know in real estate you 23:53 get a site then you have to look for financing You have to get your zoning You know five years later you start building you get a bank then the bank’s 23:59 no good Yeah these people have massive amounts of cash The Chips Act was a 24:05 ridiculous thing because that doesn’t get them to build All we did is hand very wealthy companies money The Chips 24:11 Act that was done by Biden uh billions We give them billions of dollars They 24:16 don’t even have to do anything with it And then if you weren’t uh if you if you didn’t have and I won’t I don’t want to 24:23 be a wise guy but if you didn’t go with the DEI if you didn’t go with all of the 24:28 different things woke if you weren’t woke you couldn’t even use the money You had to have a certain percentage of this 24:34 and that and that and that It’s impossible impossible to have The people the companies actually complained to me 24:40 They said “They gave me all this money but nobody can get these people to do anything.” I mean look uh President 24:47 Obama and if he if I if he wanted help I’d give him help because I’m a really good builder and I build on time on 24:53 budget He’s building his library in Chicago It’s a disaster And he said 24:59 something to the effect “I only want DEI I only want woke.” He wants woke people 25:05 to build it Well he got woke people and they have massive cost overruns The job 25:10 is stopped I don’t know It’s a disaster And I don’t like that happening because it’s 25:15 I think it’s bad for the presidency that a thing like that should happen He’s got a a library that’s a disaster And he 25:22 wanted to be very politically correct And he didn’t use good hard tough mean 25:28 construction workers that I love Marco I love those construction workers But he didn’t want construction workers He 25:34 wanted people that like never did it before And he’s got a disaster in his hands Like millions of dollars many many 25:41 I mean really many millions of dollars over budget and I would love to help him 25:46 with it but or somebody else I could recommend professionals but it was not built in a professional manner 25:56 by the way nor was nor was in California a little train going from San Francisco 26:03 to Los Angeles that’s being run by Gavin Nuscom the governor of California did 26:09 you ever of Gavin Nuskum He has got that train is the worst cost overrun I’ve 26:15 ever seen It’s like totally out of control So then they said “All right we won’t go into San Francisco We’ll stop 26:21 25 miles short and we won’t go into Los Angeles We’ll stop 25 miles short It’s 26:28 hundreds of billions of dollars for this stupid project that should have never been built.” And then they realized that 26:35 it would have been a lot less costly if we just gave limousine service back and forth and gave it free They would have 26:41 saved hundreds of billions of dollars They have airplanes that go there for one 1/100th the cost And they have cars 26:48 They have a thing called the highway that goes back and forth that’s not fully utilized And they got involved 26:54 with this project And Gavin unfor you know I always like Gavin I had a good relationship with him I just got him a 27:00 lot of water you know I I sent in people to open up that water because he refused to do it and uh we just got him a lot of 27:07 water If they would have had that water and if they would have done what I said to do they wouldn’t had the fires in Los 27:13 Angeles Those fires would have been put out very quickly But if you think about it and you got to take a look at this 27:18 pro it’s the worst cost overrun I’ve ever seen I’ve watched a lot of stupid people build a lot of stupid things but 27:24 that’s the worst cost overrun I’ve ever seen What’s happening between San Francisco and Los Angeles and you want 27:30 to ask about that because this government is not going to pay I told our very great new secretary of 27:37 transportation is doing a good job Sean Duffy I said uh we’re not going to pay for that thing They are just it’s out of 27:44 control This is something that you don’t have things like this It It’s not even 27:50 conceivable Like 30 times over budget 30 times It’s the craziest thing I’ve And 27:56 now it’s hundreds of It was supposed to be a simple train Uh and I think the media should take a look at it And I’d 28:03 love him to run for president on the other side You know I’d love to see that but I don’t think he’s going to be 28:08 running because that one project alone well that and the fires and a lot of other things pretty much put him out of 28:15 the race Mr President what changes would you like 28:20 to see to the USMCA or what changes would you like to We’re going to work on some subtle changes Maybe I don’t even 28:27 know if we’re going to be dealing with USMCA We’re just we’re dealing more with concepts right now Look right now we’re 28:32 doing trade We have trade They’re they’re paying a tariff on cars and steel and aluminum And I think we have a 28:39 baseline of 10% or something like that for the tariffs but we’re we’re getting along very well right now going no 28:47 further But we have uh we have an agreement We did something with even 28:53 parts You want to discuss that Howard with respect to Canada which helps Canada out sure So we’ve uh we’ve made 29:00 an arrangement with the car companies that 15% of their a USMCA parts are included 29:06 and then 15% of foreign parts from the uh the manufactured suggested retail 29:13 price are not tariff to help domestic manufacturing really thrive So it gave 29:18 them a chance to be able to build their car parts uh factories if they’re going 29:24 to A lot of these companies already have factories and what they have to do is just fill them out but they’re able to 29:30 build them in the United States So we gave them a pretty substantial period of time Just clarify Mr President is there 29:36 anything the prime minister can say to you today to change your mind on tariffing Canada tariffing cars 29:43 tariffing Canada Is there anything he could say to you in the course of your meetings with him today that would get 29:48 you to lift tariffs on Canada no Why not just the way it is 29:55 Mr President what do you say if Canadians don’t want it would you respect that sure I would But this 30:03 is not necessarily a one-day deal This is over a period of time they have to make that decision Yes Go ahead Yeah if 30:09 I may Um well I if respectfully Canadians view on this and is not going 30:15 to change on the 51st date Secondly we are the largest client of the United 30:21 States in in the totality of all the good So we are the largest client of the United States We have a tremendous auto 30:28 sector between the two of us and the changes that made have been helpful U you know 50% of a car that comes from 30:34 Canada is American That’s not like anywhere else in the world Um and to your question about is there one thing 30:41 no this is a bigger discussion there are much bigger forces involved um and and 30:47 this will take some time and some discussions and that’s why we’re here to have those discussions and that’s that 30:53 is represented by who’s sitting around the table See the conflict is and and this is very friendly We’re we’re not 31:00 this is not going to be like we had another little blow up with somebody else that was a much different this is 31:06 this is a very friendly conversation but uh we want to make our own cars We don’t 31:11 really want cars from Canada and we put tariffs on cars from 31:16 Canada and at a certain point it won’t make economic sense for Canada to build those cars and we don’t want steel from 31:24 Canada because we’re making our own steel and we’re having massive steel plants being built right now as we speak 31:29 We really don’t want Canadian steel and we don’t want Canadian aluminum and various other things because we want to 31:36 be able to do it oursself and we because of you know past thinking of people we 31:42 have a tremendous deficit with Canada in other words they have a surplus with us 31:47 and there’s no reason for us to be subsidizing Canada’s a place that will have to be 31:55 able to take care of itself economically Uh I assume they can I will tell you 32:00 that uh Trudeau when I spoke to him I used to call him Governor Trudeau I think that probably didn’t help his 32:06 election but when I spoke to him I said “So why are we why are we taking your cars why are we taking your we want to 32:13 make them oursel?” I mean I said “And if the price of your cars went up or if we 32:19 put a tariff if we put a tariff on your cars of 25% What would that mean to you?” He 32:26 said that would mean the end of Canada He actually said that to me and I said that’s a strange answer but I understand 32:33 his answer but uh no I mean it’s it’s hard to justify subsidizing Canada to 32:41 the tune of maybe $200 billion a year Uh we protect Canada militarily and we 32:47 always will We’re looking at you know that’s not a money thing That’s but we always will But you know it’s not fair 32:54 But why are we subsidizing Canada $200 billion a year or whatever the number might be it’s a very substantial number 33:01 and it’s hard for the American taxpayer to say “Gee whiz we love doing that.” Uh 33:06 thank you very much We’re going to have a very slow Thank you Thank you very much

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