US tariffs against Mexico delayed as Canada prepares to respond in kind
The World
PRX
4.6 • 943 Ratings
🗓️ 3 February 2025
⏱️ 48 minutes
🧾️ Download transcript
Summary
Claudia Sheinbaum was able to postpone tariffs from the US for a month. In the meantime, Canada's Justin Trudeau has promised to impose tariffs of his own, urging Canadians to buy local. We look at how leaders from the US' closest neighbors are handling the new administration's trade moves. Also, a showdown in Toronto over bike lanes. The city built new infrastructure for cyclists during the pandemic. But the Ontario government wants to force Toronto to remove them. And, we have Groundhog Day here in the US. But other countries have their own traditional rituals around the dawn of springtime.
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| 0:00.0 | Canadians are wondering what they did exactly to deserve steep tariffs on imports from their country into the U.S. |
| 0:11.3 | We've built the most successful economic, military, and security partnership the world has ever seen. |
| 0:18.7 | I'm Marco Wurman. What's next for vital U.S. trade relationships with Canada, Mexico, and Europe. |
| 0:23.6 | Also how people on the Greek island of Santorini are responding to dozens of earthquakes over the weekend. |
| 0:29.6 | The only thing we can do, and this is, is to mitigate the consequences of a future event. |
| 0:35.6 | Plus, why tens of thousands of people in Germany are suddenly out protesting, |
| 0:40.4 | and Indonesia has banned the sale of new iPhones, |
| 0:43.8 | but that seems to have only made them more desirable. |
| 0:46.6 | There is a lot of crazy stuff that people do to get an iPhone here Indonesia. |
| 0:52.4 | All that and more today today here on the world. |
| 0:57.0 | This is the world. I'm Marco Werman. Carolyn Beeler is off today. Thank you for being here. |
| 1:03.0 | The day started with global stock markets tumbling and with people north and south of the U.S., |
| 1:08.0 | angrily questioning why President Trump was forcing a trade war on his |
| 1:11.4 | country's closest neighbors. |
| 1:13.1 | By evening on the East Coast, markets had regained some of their losses, and both Mexican |
| 1:17.6 | and Canadian leaders announced they had made agreements with the White House that would put |
| 1:21.1 | the U.S. tariffs on pause. |
| 1:23.3 | They were supposed to go into effect tomorrow. |
| 1:25.3 | Instead, both countries have a month reprieve after agreeing to boost their efforts on border |
| 1:29.3 | security and drug trafficking. |
| 1:31.6 | Trump had threatened 25% tariffs on most goods from Canada and Mexico. |
| 1:35.8 | Combined the trade relationships with those two countries are valued at more than one and a half |
... |
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