tv BBC News BBC News February 2, 2025 5:00am-5:31am GMT
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hello. live from london, this is bbc news. on all goods imported from america's three largest trading partners — all three countries have vowed counter measures against the united states. measures will be �*far—reaching' if president to usherin if president to usher in a new age usher in a new golden, age for united usher in a new gelden, age fer united states, gasner in a new gelden age fer united states, the better the united states, the better path is to partner with canada, not to punish us. both countries say the other is to blame. music's biggest night, the grammys, is being held in la on sunday evening. beyonce and taylor swift square off for album of the year. after being sold at auction for more than $50 million.
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butjustin trudeau also had this cautious message for president trump. yes, we've had our differences in the past, as i've said before, if president trump wants to usher in a new golden age for the united states, the better path is to partner with canada, not to punish us. stable democratic institutions, shared values and the natural resources you need. canada has the ingredients necessary for the north american economy,
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and we stand at the ready to work together. beforejustin trudeau spoke, we heard from mexico's president, claudia sheinbaum. by president trump she also rejected washington's accusation trafficking groups as �*slander�*. let's speak to us political analyst and former congressional staffer in the us congress, eric ham. hello to this isn't unexpected, is were you unexpected, is it? but were you the tariffs to be so unexpected, is it? but were you you :he tariffs to be so unexpected, is it? but were you _ariffs to be so i unexpected, is it? but were you ., ., 0 be so unexpected, is it? but were you ., ., , so unexpected, is it? but were you high? you are right. this is not unexpected, _ high? you are right. this is not unexpected, and, - high? you are right. this is not unexpected, and, yes, | high? you are right. this is| not unexpected, and, yes, i harris to be as high we saw. however, as we saw. however, the thinking was that donald trump actually walk thinking was that donald trdrnp actually walk from shed“? fifffléllw§l5 55? “ii given shed“? fiff�*jfiu�*g�*flfihfiififi “ii given how z: i: 77 n if this is certainly debilitating this is certainly going to for the united going to be for the united states, consumers as well as stgtes. consumers as well as markets. we are sggtes. consumers as well as markets. we are talking the markets. we are talking about united states three
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the markets. we are talking about l trading ates three the markets. we are talking about l trading partners, now biggest trading partners, now that see all three have made that we see all three have made clear that they are going to those voters will retaliate, those voters will just recently usher in this jest reeentlyl done? in tnis ~ . ~ ~ , . golden era jest resentlyl esner in tnis ~ . ~ ~ , . golden era as he calls it trump golden era as he calls it to try reduce to try to reduce inflationary, inflation and higher prices are not, now going see not, now going to see themselves literally priced out in many goods they need and expect. in many goods they need and exect. , ., , mm mum debilitating for the us but president trump doesn't think that at all. he thinks it is that at all; he thin'ee it a which that at all; he tnin'ee it a which countries that at all; he thin'ss it s which countries on that at all; he thin'ss it is which countries on the awaited which countries on the issue of fentanyl, which is; a major issue, and says is that a major issue, and on the issue of migration. also on the issue of migration. what exactly is he asking? what eeastlv is he asking? focus on mexico and let's focus on mexico and canada that front. what is canada on that front. what is to be done? . he expecting to be done? donald trump has _ he expecting to be done? donald trump has made _ he expecting to be done? donald trump has made this, _ he expecting to be done? donald trump has made this, to - 1;ng has made this. to be donald trump 119ng has made this. to be donald trump is actually ==z the goalposts j the goalposts this j several times. he issue several times. he talks about the trade and how
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about the trade deficit and how is trying to get a deal :cahadaf canada? mexico :cahadaf mexico simply — -77 not raided 7 7not7r7a7id7ed7the77 7 7 not raided the united fairly. but we have to states fairly. but we have to it was trump states fairly. but we have to �*to it was trump himself ts'asteally' f the north renegotiated the north american free trade agreement with the us—mexico canada deal during his term. now he is his first term. now he is saying it is about fentanyl coming into states, coming into the united states, but we know there is very, but we know that there is very, very little fenta nyl very little fentanyl in canada specifically, and 0 canada also made clear that has also made clear that they are to spend billions are prepared to spend billions over the few years to over the next few years to the border and mi - ration. migration. so are tangible actual tangible deliverables canada specifically has that canada specifically has made, and we know that also mexico has already made clear that are willing to that they are willing to actually work with trump actually work with the trump administration on the mexico policy. now trump policy. now donald trump decides to actually move
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forward these terms, but they are 7 zosre going they are going to 7 they are going to be agiainjjthey are going to be much more debilitating americans and they 7 americans and they are 7 that seconds. saying canadians that sesonds, it will be bringing its today it will be bringing its retaliatory measures. is own retaliatory measures. is a sort of start of this a sort of start of something even bigger? would you expect this tit—for—tat to on? where do you think carry on? where do you think this is going?— you ;?,s:§?:, ,, you go 777 77 you go back to when donald if you go back to when donald trump was office the first trump was in office the first time, we know that he implemented tariffs, but those were mostly on china, and we to remember, china is seen a competitor of the canada and mexico as e and allies of united states. so this is the united states. so this is a very different trade war that we are seeing that trump we are seeing that donald trump is now ushering in. in his first term, tariffs were first term, those tariffs were around billion on goods, around $380 billion on goods, but still, we the trump bet stilll’w’s saw ths’fiemo to early
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billion in subsidies to farmers as a result of tariffs. now we are those tariffs. now we are about that are 7 triple that, asteally triple that; arsendr , ~ trillion, and those are $1.1; trillion, and those are going to hurt notjust farmers, also of course bet atse at see rse na m e ly manufacturers, namely automobile manufacturers. automobile manufacturers, so automobile manufacturerse, so much for the time eeh $7.13 fthiii�*t for taiiifig this tifiié talk eeh ee fihei�*t fef teeifig tfie tifiie talk to us. we eeh ee fihei�*t fef teisifig tfie tifiie talk to us. we really to talk to us. we really appreciated. —— it. sophie avernin is the director at de grandes vinedos de francia, my my accent is terrible! don't wor . my accent is terrible! don't worry- we _ my accent is terrible! don't worry. we also _ my accent is terrible! don't worry. we also to the united states. right. tell th= tfn 75:75! $5115: how you th= ernft7=75i $5115: how you are going to be 7bythis7 7 by this then. affected by this then. well, we are in affected by this then. well, we are — in case i are obviously affected in case those are actually
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those tariffs are actually put in place. they apparently will be put in place. the we import from imports we import wines from california, oregon, it will increase prices for those in mexico so sales are going to snood; 7 7 7 7 7 75mm; pric7e7s7777 7 7 7 �* obviously prices are lower obviously prices are going to be up and consumers goin7977 — e—e ———— 90mg to c ———— 71, .. going to have 7 going to have pay going to have pay much are going to have to pay much more than what they used to. you will have probably been this, 7 this,as 7 this, as were expecting this, as we were saying, this hasn't as sayingrthisshasn't some as of a surprise, hazard, do7nald donald trump. you have from donald trump. did you have to bring in measures already? you been preparing for have you been preparing for this? ~ have you been preparing for this? . ., ., , this? a, ~ ~ ~ some imorts this? a, ~ ~ ~ some im orts before he this? begs ~ ~ , - office, imports before he this? begs ~ ~ , - office, and orts before he this? begs ~ ~ , - office, and concerning he this? begs ~ ~ , - office, ani been erning he this? begs ~ ~ , - office, ani been preparing. exports, we've been preparing. the new markets, especially europe, some in asia for our products. europe, some in asia for our products-— products. right. in terms of the price — products. right. in terms of the price rise. _ products. right. in terms of the price rise. i you - products. right. in terms of the price rise. i you have i products. right. in terms of i the price rise. i you have one of wine.
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7 ofwi7n7e.7t7al7k7 77 of wine. tal7k me the 77 7 the 7 7ata now about the amount at a costs now the amount it and the amount that it could cost after these are "s: sse: stop 7 stop ok. 77 imposed stop 0k. california wine is . cheap. - imposed stop 0k. california wine is . cheap. taxi - wine is not cheap. taxi mexico for wines are not —— quite expensive, not as as expensive, not as cheap as �* states. expensive, not as cheap as �*states. a bottle of wine a california wine is in mexico, a california wine is around let's say $20, $30 a bottle. if the tariffs enter, it will end up around... $40, $50 a bottle. it is a lot. stand $50 a bottle. it is a lot. and will be - passed - $50 a bottle. it is a lot. and will be - passed on i $50 a bottle. it is a lot. and will be - passed on to j will be directly passed on to ~ , ,., , there the consumer? absolutely. there is no room _ the consumer? absolutely. there is no room to _ the consumer? absolutely. there is no room to hold _ no. won't be to. mm 5mm: mm do you support the idea of mexico and retaliatory .. wé , 77we7t7a7lk7about 7 7 77we7t7a7lk7about that measures? we talk about that today. i measures? we talk about that toda . ~' ., ., today. i think we have no choice! — today. i think we have no choice! - the - choice! obviously the
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governments will negotiate. i think the mexican government will end up negotiating american government because the american government because it is such a big economy to countries, that we have no two countries, that we have no choice. but mexico we have choice. but in mexico we have adapting for so many years been adapting for so many years that we will end up adapting again. we adapt easily than americans, es�*ssi?’ for it americans, so... not for me. it has like that our whole has been like that'oer whole so... has been like that'e- ., ~ so... has been like thatte- at a so... ., history, so... right. ok. you are used _ history, so... right. ok. you are used to _ history, so... right. ok. you are used to it. _ history, so... right. ok. you are used to it. - you - history, so... right. ok. you are used to it. - you sol are used to it. thank you so much for talking to us. i appreciate your 7t7ha7n7k777 7 77 thank7you for having me. the us secretary of state, marco rubio, has arrived mr rubio will meet with the president of panama, their anger over
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