4 • 2.7K Ratings
🗓️ 4 March 2025
⏱️ 25 minutes
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0:00.0 | From the opinion pages of the Wall Street Journal, this is Potomac Watch. |
0:09.2 | President Trump's second-term trade wars begin as the White House orders |
0:14.1 | 20% tariffs on Canada and Mexico and another 10% on China, while all three countries vow retaliation. Welcome, I'm Kyle Peterson |
0:24.5 | with the Wall Street Journal. We're joined today by my colleagues, columnists Kim Strassel, and |
0:30.3 | Alicia Finley. After a 30-day reprieve, President Trump, the self-described tariff man, said Monday |
0:37.2 | that there was no room left for |
0:39.7 | delay in his plans to remake global trade. Here he is on Monday speaking to reporters at the White |
0:45.4 | House. Tariffs 25% on Canada and 25% on Mexico, and that'll start. So they're going to have |
0:53.3 | to have a tariff. So what they have to do is |
0:55.1 | build their car plants, frankly, and other things in the United States, in which case they have no |
1:00.1 | tariffs. I would just say this to people in Canada or Mexico, if they're going to build car |
1:05.3 | plants, the people that are doing them are much better off building here because we have the |
1:09.2 | market, we're the market where they sell |
1:10.9 | the most and so i think it's going to be very exciting very exciting for the automobile company |
1:16.2 | and after the u.s followed through on tuesday morning here is the response from canadian prime |
1:21.6 | minister justin trudeau today canadians are reasonable and we are polite but we will not back down from a fight. |
1:29.3 | Not when our country and the well-being of everyone in it is at stake. |
1:36.3 | At the moment, the US tariffs came into effect in the early hours of this morning, and so did the Canadian response. |
1:47.0 | Canada will be implementing 25% tariffs against $155 billion worth of American goods, |
1:57.0 | starting with tariffs on $30 billion worth of goods immediately, and tariffs on the remaining |
2:03.2 | $125 billion of American products in 21 days. |
2:08.2 | Kim, I hope you're stocked up on maple syrup and avocados, though, thankfully we're at least |
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