EXPLAINER - Why is Trump vowing new Canada, Mexico, EU and China tariffs? - Vídeo Dailymotion

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00:00This next executive order is about protecting the people of the United States of America,

00:30protecting America from foreign terrorists and other national security and public safety

00:33threats.

00:34Again, crisis at the border, but it goes beyond that and it implicates other executive powers

00:39as well.

00:40President Trump, the cartels are now going to be seen as foreign terror organizations.

00:53Would you think about ordering U.S. Special Forces into Mexico to take them out?

00:58Could happen.

01:00Stranger things have happened.

01:04We're thinking in terms of 25% on Mexico and Canada because they're allowing vast numbers

01:11of people.

01:12Canada's a very bad abuser also.

01:14Vast numbers of people to come in and fentanyl to come in.

01:17When do you think you would enact those?

01:19I think February 1st.

01:20Are you planning on getting notice of that?

01:23I think we'll do it February 1st.

01:2425% on both, sir?

01:25On each?

01:26On each.

01:27This is an executive order.

01:57I mean, this is quintessential Donald Trump.

02:15I think, again, the U.S. has very serious concerns about fentanyl.

02:21He views the tariff as a tool to gain leverage over foreign countries to get them to do more

02:27to address fentanyl or the border crisis.

02:31But I don't, you know, it's an interesting tactic.

02:34I think, you know, he certainly believes in it.

02:38I'm just skeptical that the way you get countries to sort of cooperate is by poisoning the well

02:44with the threat of really crippling effectively economic sanctions that also hurt American

02:53consumers.

02:54I think that's the thing that needs to be reiterated here, is that ultimately American

02:59consumers will bear the costs of these tariffs.

03:01We're thinking about that, too.

03:03We're talking about a tariff of 10% on China based on the fact that they're sending fentanyl

03:08to Mexico and Canada.

03:10How soon on those tariffs?

03:15Probably February 1st is the date we're looking at.

03:18For Mexico and China, we're talking about approximately approximately 25%.

03:27You wouldn't have a steel mill open in the United States right now.

03:30You wouldn't have one.

03:33Other countries are big abusers also.

03:35You know, it's not just China.

03:37China's an abuser.

03:39But the European Union is very, very bad to us.

03:43They treat us very, very badly.

03:45They don't take our cars.

03:47They don't take our cars at all.

03:48They don't take our farm products, essentially.

03:51They don't take very much.

03:53We have a $350 billion deficit with the European Union.

03:57They treat us very, very badly.

03:58So they're going to be in for tariffs.

04:01The United States imports about $1.5 trillion worth of products from these three countries.

04:08There are three largest trading partners.

04:10And the U.S. also exports about a trillion dollars every year to these countries.

04:16And so, you know, American consumers would face higher prices from tariffs.

04:21But also, if you're an exporter, if you're a small business that sends products abroad,

04:27you're going to face foreign retaliation.

04:30And on top of that, right, like the U.S., Mexico, and Canada have pretty tightly integrated

04:36supply chains.

04:37So the average car made in the U.S. or in the Mexico, Canada, U.S. zone tends to travel

04:45across borders up to eight times.

04:49And so if you're imposing a tariff of 25 percent each time a part comes across the border,

04:56or if the whole automobile crosses the border, it's going to get pretty costly pretty quickly.

06:15We heard the President's comments yesterday, and the directive he has issued to examine

06:43the trade relationship between Canada and the United States while exploring the possibility

06:48of tariffs, but we remain confident in the facts.

06:54Canadian energy powers American manufacturing, businesses, and homes.

07:01Of America's top five trading partners, Canada is the only one with whom the United States

07:07runs a trade surplus in manufacturing.

07:11And Canada buys more goods made by Americans than China, Japan, and Germany combined.

07:41So we lose 300,000 people a year to drugs entering from Mexico.

07:52And if they don't stop this poison from flooding into our country, and they can stop it by

07:57not accepting it from China, and I'm doing the same thing with China, we're going to

08:01tariff the hell out of them.

08:35Ultimately, the U.S., in my estimation, we have, our biggest problems are with China

08:56in the trading system.

08:59And I've always felt like the United States needs to be working with close allies who

09:03agree with us about the China issue to sort of put pressure on Beijing to force changes

09:10in their trade policy.

09:12And the EU is one of those trading blocks that certainly agrees with the U.S.

09:20So I just fear that this pushes the U.S. and the EU further apart.

09:27And I don't know if that pushes the EU more toward Beijing.

09:31But again, I certainly think Brussels has every right to be concerned and people worried

09:38about the transatlantic relationship.

10:02Thank you, everybody.

EXPLAINER - Why is Trump vowing new Canada, Mexico, EU and China tariffs?

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