tv Business Today BBC News February 4, 2025 2:30am-2:46am GMT
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tariffs on hold for mexico and canada the us as neighbours canada as the us as neighbours to strengthen their with a 10% levy due to come into effect later today. i'm steve lai. ta riffs tariffs for neighbours on president trump has agreed to ffesifiefietfq'ttefiéié372223311? im posing ffesifiefietfq'ttefiéié572223311? imposing tariffs delay imposing tariffs on canada and for a canada and mexico for a month stop they were set to come into effect today stop to get the effect today stgpto get the across effect teday stepte get the across line, have ” haveagre’edflh 7 have agreed to countries have agreed to take measures to improve border and on measures to improve border a| of on measures to improve border a| of fentanyl. on measures to improve border a| of fentanyl. here trafficking of fentanyl. here the mexican is the mexican president. i told him, put it on pause told him, let's put it on pause for a and i'm told him, let's put it on pause fora and i'm sure told him, let's put it on pause for a and i'm sure in fix? a manth'and i'm sure in month we have good fix? a manth'and i'm sure in monti your have good for a manth'and i'm sure in monti your people, good results for your people, good for people of = -22 and this was the the and this was the the agreement. s the the agreement. s th truth is of the agreement. the truth is that i think it is very thajelethink itis very that the tariffs have
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"mu—t?“ that the tar�*” “32 ,, ~ ' m ' v ,, "7 paused "m'tflt that the tfl'“' “32 w ww w ww w w w www paused to "hh'taht that the tar“' hae w ww w ww w w w www paused to us "hh'taht that the tar“' hae w ww w w w w w ww paused to us to been paused to allow us to work, and work, negotiate and recognise the of treaty 5 within " ' , withinthat " ' : withinthatframework, i and within that framework, continue to strengthen our continue tn strengthen nu: the... m...” e development. meanwhile, canada's _ development. meanwhile, canada's prime _ development. meanwhile, canada's prime minister . development. meanwhile, - canada's prime ministerjustin canada's prime ministerjustin trudeau tweeted that had trudeau tweeted that he had a call with president trump willbe 77 will be implementing a $1.3 ’ iwillbe i’rie'iniéréing’g {its 77 will be i reinforcing the $1.3 billion plan. reinforcing the border with new choppers, co—ordination fico—ordination with enheneeeaee—ereinetien with partners and increased to stop the flow of reeeereee te etee thaf'awa�* ~ he said canada fentanyl. he also said canada would appoint fentanyl czar, would appoint a fentanyl czar, cartels as and list cartels as terrorists and want canada us to combat want’a'c-anader us to cnr'n�*nat crime, fentanyl which was one of the us' closest trading partners to find out, i'm joined from ottawa by catherine of commerce. she canadians are shocked
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at how it is played out. she - canadians are shocked at how it is played out.- a bit of belief that these is a bit of belief that these tariffs will not be imposed 7; away away but there is still a right away but there is still a of anger and shock amongst lot of anger and shock amongst canadians and canadian businesses it creates still businesses and it creates still a of uncertainty and as we does not like we have 30 days to uncertainty we have 30 days to move forward with some plans to be better equipped and try convince our american eeenterperte thet thie is? , ~ , , , . . although it counterintuitive. although it will hurt the canadian economy a bit, we're so quite a bit, because we're so integrated, it hurt a - reat ”if _ i a great deal as much = -= in fact we have done a and in fact we have done a study to survey or to model those types of tariffs what these types of tariffs mean what these types ef tariffs mean for the average �*on both 77 �*on both sides 77 consumer on both sides of the water and we that it is significant, close to
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2—2 2 7 it will cost it it will cost it canadian iii about us so fora is about $1300 us so for a who is running on z= -2 n not 5:77; snot going n not going to hogtgoing’to be certainly not geihg te he that relief and will ggoviding that relief and will quite the opposite, it inflationary. for many be inflationary. for many canadians, _ be inflationary. for many canadians, trust - be inflationary. for many canadians, trust in - be inflationary. for many canadians, trust in the i be inflationary. for many| canadians, trust in the us and remain over shaken and concerns remain over a lasting solution. our correspondent reports from carramaad ,- ontario. some canadian liquor stores have — ontario. some canadian liquor stores have pulled _ ontario. some canadian liquor stores have pulled us - ontario. some canadian liquor stores have pulled us brands. from their shelves. tonight, they are being restocked. the war averted �* now but trade war averted for now but for some, the break may be permanent. for me, a line has been crossed. _ permanent. for me, a line has been crossed. monica - permanent. for me, a line has been crossed. monica cancel l been crossed. monica cancel subscriptions _ been crossed. monica cancel subscriptions dam _ been crossed. monica cancel subscriptions dam i and - two american companies netflix, two american companies of trump's 7 7 7 _7i!ii threats. she is not planning on backup. assigning backup of who changes whims of someone who changes from _ whims of someone who changes
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from day—to—day. it is not _ and _ from day—to—day. it is not _ and for- from day—to—day. it is not and for me i think acceptable and for me i think it. broken_ acceptable and for me i think it broken something. i it has broken something. i can't — it has broken something. i can't trust the us to be be our it has broken something. i can anymore. us to be be our ally anymore. here, they make usin: ally anymore. here, they make - using other _ ally anymore. here, they make - using other goods. - ally anymore. here, they make - using other goods. they i parts using other goods. they were bracing for the worst. around 80% of canada's exports gggund 80% of canada's exports up gggund 80% of canada's exports up in america. even with and up in america. even with the delay, the president of the says questions remain. uncertainty is as bad as the uncertainty is as bad as e; this — in business for _: been in business for over 50 years — been in business for over 50 years - 50 _ been in business for over 50 years. 50 of from came from both sides working together, treating took . came from both sides working together, treating took a ratatiehahipa that taut a ecra new time to ratatiahahiaa that taut a tart ww time to create. ratatiahahiea that that a sat? - time to create. now, long time to create. now, knowing _ long time to create. now, knowing that relationship long time to create. now, kno�* asg that relationship long time to create. now, kno�* as fragile hat relationship long time to create. now, kno�* as fragile as: relationship long time to create. now, kno�* as fragile as it elationship long time to create. now, kno�* as fragile as it isationship long time to create. now, kno�* as fragile as it is and ship was as fragile as it is and that_ was as fragile as it is and that one _ was as fragile as it is and that one person —— one person can chan-e that whole 's agenda can change that whole relationship and the course of a - it's_ relationship and the course of a it's been around for a century hurts a - a century hurts a lot. - half a century hurts a lot. here _ half a century hurts a lot. here in _ half a century hurts a lot. here in windsor, ontario, you see the 7 see the american of can see the american city of detroit just river. detroitjust across the river. tonight, the feeling of betrayal by a neighbour 7b7ya7 by a sense 7 by a sense of relief.
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�*how �* how 7 one for how long? 0ne country still to face tariffs is likely to face tariffs is china, levies due to come into 777: 7 �*today after effect later today just after midnight us time or 1pm in mtjttrtight us time or 1pm in at this point the 10% china. at this point the 10% figure is significantly smaller figure is significantlysmatter the 60% figure is significantlysmetter the 60% pledged before than the 60% pledged before president trump entered the white house. if you'd like to know more about there is knew more aboutthesethefe is on how all of this a great read on how all of this being viewed from beijing by chi7na 7 7 7 chi7na editor, 7 7 7 chi7na editor, available 7 chi7na editor, available on our china editor, available on our china editor, available on our website. our china editor, available on ourwebsite. she our china editor, available on our website. she the our website. she said the chinese response chinese eeverhrnent's resnehse as, ”w we been chinese eeverhrneht's resnehse we eat we been muted chinese eevernrnent's resnense eeee eeee we been muted in part because chinese eevernrnent's resnense eeee eeee we doesn'tmuted in part because chinese eevernrnent's resnense eeee eeee we doesn't wanti in part because chinese eevernrnent's resnense eeee eeee we doesn't want to 1 part because chinese eevernrnent's resnense eeee eeee we doesn't want to 1 part its ause it doesn't want to worry its population, a concern about the sluggish economy and beijing see an 77séé sa’gfia'r'ta’ni’ti’ 77séé sa’gaa'r'ta’na’tfis 77séé sa’gta'r'ta’ni’tfis well. may see an opportunity as well. you can check that story out may see an opportunity as well. you plenty eck that story out may see an opportunity as well. you plenty more at story out may see an opportunity as well. you plenty more on .tory out may see an opportunity as well. you plenty more on a )ry out may see an opportunity as well. you plenty more on a website and plenty more on a website and plenty more on a website and app. and ally and mobile app. and us ally watching the tariffs closely is
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singled all —— japan. trump singled all —— automotive says automotive analyst says carmakers around the world are carmakers areund thewerte' are a little sigh of i don't think it is relief. i don't think it is “ust relief. i don't think it is justjapan. _ relief. i don't think it is justjapan. it _ relief. i don't think it is just japan, it is - relief. i don't think it is just japan, it is the - relief. i don't think it is i just japan, it is the entire justjapan, it is the entire auto industry worldwide is auta'ineuetf'f’ varies-nae ie auta'ineuetr’y’ varies-nae ie a sigh of relief auta'ineuetr’y varies-nae ie a sigh of relief that has been iven a thie hseheen ehen a sitar at for this, hgglgger'l git-fer! a sig}? qf for month at execution for another month at least. there predictions least. there were predictions that these tariffs gone —: it would 7 77 it7w7oul7d7have7 77 it would have brought thatch it “tie hae besehtr , , ~ —— ., ~ north thatch it he'd haa baseht' , , ~ ~ ~ ~ north american the entire nerthar’nerican to a so—called industry to a so—called screeching halt within eareeth'na hatt fi'tfiffl7fi7fl377 77777 7 777 everyone sifeekh'he hétt fi'tfiifi7fi7fi377 77 7 777 everyone dodged a bullet week. everyone dodged a bullet this around, including the tapaeeeee —— a— .. to be tapaneee to be happening in gaing ta be ha’p’pientng’in’tha days? as forjapan, how next 30 day's?wwas ferjepan; how or how are integrated or how reliant are they on market? the integrated or how reliant are they on i market?- they on us market? i is if m market is absolutely crucial to japanese industry. many automakers brands here, is the automakers brands here, is the automakers brands here, is the biggest market is 7 77their 7 7 7 7 their most 7 usually their most profitable. they have substantial investments not only in the they have substantial investr states ot only in the they have substantial investr states in only in the they have substantial investr states in termsr the they have substantial investr states in terms oer tjenitee states in—ternterefa —~ ~ ,
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but also unites states in—terntsrefa —~ ~ , but also in and mexico 7 and mexico and those canada and mexico and those mexican and canadian anal“tan ana' canaa’ian base really manufacturing base really pumped the cars the united ggmpedtbe cars into the united without a free flow �*a'etetee ea eaeth�*t a faee "he ' w" ' ' ' trade across those of trade across all those borders and including trade borders and including the'trade parts to make those cars, ref parts to make these cars. industry there would be in the industry there would be in dire straits, especially the japanese. i know to what japanese. i don't know to what degree they are preparing for this there's only so 7th7e7y7c7an7777 77 7 77 7th7e7y7c7an7do7 77 7 77 7th7ey7c7an7do7t7o 7 77 7th7e7y7c7an7do7 £07 r7e7ji7g77 7 77 7th7e7y7c7an7do7 {07 ($9736 77 much they can do to rejig an entire supply chain in a months much they can do to rejig an entir orupply chain in a months much they can do to rejig an entir or less. chain in a months much they can do to rejig an entir or less. i hain in a months much they can do to rejig an entir or less. i hain ithink >nths 7ii’7llii7�* _.:r=7 .5 “mp“ .fi:._,:,t.pp_._,p_.u.: . . ,, up. lil 3“ “ii .5 “mp“ .fi:._,_,t.pp_._,p_.u.: . . - - ,, nut. lil 3“ “ii 5.115 there is much preparation they do the next month. i can do in the next month. 5 they arejust hoping can do in the next month. 5 they are just hoping and think they are just hoping and some kind of deal is praying some kind of deal is brokered to allow trade to continue. the us senate has confirmed — continue. the us senate has confirmed donald _ continue. the us senate has confirmed donald trump's i continue. the us senate has i confirmed donald trump's pick to the department of to lead the department of energy, someone who previously led in oil services company since 2011. mr wright said his mm first priorityrwould be to america's allergy and expand america's allergy and nuclear power. it is widely
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to 7 expected to dismantle biden�*s policies. white climate policies. the white is announced trump ally house is announced trump ally musk will now elon musk will now be considered a "special government employee" but he not receive a sale . it will not receive a salary. it the boss of tesla and means the boss of tesla and space act will be able to leading the department continue leading the department of efficiency and of government efficiency and are aimed at cutting public he 7 he may 7 he may not to spending. he may not have to disclose his finances, something typically required of government employees. us donald signed president donald trump signed order on monday an executive order on monday... the creation of a ordering the creation of a fund within severeion wealth fund within ,, , w e , , year. sovereign wealth fund within ~ , ~~ .. , , year. saying could the nextyear. saying it could buy the short video natanta" be the ahfit ciao ~ , ,, — , ,, we , tiktok. president is following on trump is following through on idea he floated during an idea he floated during the presidential to create presidential campaign to create a sovereign fund �* us. a sovereign wealth fund for us. he signed an executive order on monday thatjudges he signed an executive order on monday that judges treasury mondaythatjudges treasury and howard money, secretary and howard money, jumps nominee to lead the commerce with
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commerce department, with beginning the process. mr suggested the fund mitnick suggested the fund could even be used to mitnick suggested the fund could ev: thee used to mitnick suggested the fund could ev: the sale d to mitnick suggested the fund could ev: the sale of o mitnick suggested the fund could ev: the sale of tiktok, facilitate the sale of tiktok, which is operating in which is currently operating in the us and due an the deanaa�*uatfi an aatanaifin trump, belonging the heaneeuetfi an eatenaifin trump, belonging the by trump, belonging the for a bytrump, belonging the for a forced sale or deadline for a forced sale or trump has few and it how details and it was unclear how such wealth fund work. it is such a wealth fund work. it is said it could previously said it could be funded in by tariffs. funded in part by tariffs. typically such funds rely on a to enerate returns subclass to generate returns. the us operates at a for the us operates at a deficit. it's creation would deficit, it's creation would likely require also likely require approval from congress. it created, it would place the alongside woutd place'the' us'alongside other that woutd place'the' us'alongside a other that woutd place'the' us'alongside a sovereign that woutd place'the' us'alongside a sovereign wealth hat have a sovereign wealth fund china, singapore, new including china. singapore. new .eeee .e e. .e. e norway and including china. singapore. new .eeee .e -. .e. e norway and saudi arabia. same with present time, he has us aid for he has suggested us aid for. .s may in be f7or for rare earth exchanged for rare earth ukraine has large minerals. ukraine has large �*lithium, titanium, vital components and titanium, vital components to build electric cars and
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mobile phones. the offer originally came from ukraine's president volodymyr zelensky, has tried to make the case who has tried to make the case for defending ukraine is in the economic interests �*the for defending ukraine is in the econor states. ests �*the for defending ukraine is in the econor states. move �*the for defending ukraine is in the econor states. move over, 7 7777vlad7ir7nir putin 77 7 7 ”venn; earn says eurovision, vladimir putin says it is time for inter— vision. it is timefer inter— visien. has signed a degree to hold he has signed a degree to hold an international festival an international music festival �* this year an international music festival �*this year the moscow later this year in the moscow after russia was banned from the eurovision song after russia was banned from the euro ukraine. lg :-wew ' ' after russia was banned from the euro ukraine. official ea ' ' invading ukraine. 0fficial said inter— invading ukraine. official said inter— vision will be held in invading ukraine. official said inter— visio and l be held in invading ukraine. official said inter— visio and will held in invading ukraine. official said inter— visio and will bring n september and will bring together countries allied to together countries attied to these include members russia. these include members the bricks block and some �* soviet states as well. tormer soviet states as well. brings to a close for 7 7edition edition �* business 7 7edition �*business today. for 7 for ni thanks for watching, i'll be back at the top of the hour.
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tonight, beyonce wins big, delicately if and delicately if sentenced and , tiny frogs. it was a teeny tiny frogs. it was a historic at the grammys historic night at the grammys with the most artist, with the most awarded artist, beyonce, finally winning album with the most awarded artist, b! the :e, finally winning album with the most awarded artist, b! the :e, f for y winning album with the most awarded artist, b! the :e, ffor cowboy|g album with the most awarded artist, b! the :e, ffor cowboy carter. n l(endrick lamaze distract dragon took record and towards dragon took record and a song of the year. sabrina won pop solo for espresso and performancefor espresso and grown erformancefo'r'es lease and p p grown won performancefo'r'espresso and grown won a best erformancefo'r'es lease and p p grown won a best new performancefo'r'espresso and gro used in a best new performancefo'r'espresso and gro used her best new performancefo'r'espresso and gro used her best n( to artist. she used her speech to call workers rights. artist. she used her speech to call i workers rights.- call for workers rights. record labels need — call for workers rights. record labels need to _ call for workers rights. record labels need to treat _ call for workers rights. record labels need to treat their - labels need to treat their as valuable employees artist asww'v'aluablewemeloyees artist asww'v'aluablewemeloyees a liveable and ...-s . 777.553” 77777 7 777an7d7protection. insurance and protection. levels, we you, but do you
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some other stories now. got us? some other stories now. a 15-year-old — got us? some other stories now. a 15-year-old boy _ got us? some other stories now. a 15-year-old boy has _ got us? some other stories now. a 15-year-old boy has died - .a. 15—year—old boy has died being at a after being stabbed at a school. 0fficers after being stabbed at a school. officers were called to all saints catholic high school in sheffield, where a second “a; :hetter�*r�*a’ahere asefifh“ also 15, has teenager, also 15, has been arrested. �* british arrested. former british khalifa, who soldier daniel khalifa, who soldier daniel khalifa, who spied for a run before escaping spied for a run before escaping from prison by under a from prison by hiding under a from prison by hiding under a lorry has been for lorry has beenjailed from prison by hiding under a lorry has been jailed for more lorry has been jailed for more than 1a years and spanish than 1a years and spanish footballerjenni hermoso told footballerjenni hermoso told than 1a years and spanish the court she felt disrespected foo court�*jenni hermoso told than 1a years and spanish foo court �*jer feltermoso told than 1a years and spanish foo court �*jer felt disrespected the court she feiteueapertae — — aa—aa—aa as a woman by spain �*s former a woman by spain �*s the court she feitajueeperked e e eeeeeeee a woman by spain �*s former football chief kissing her as a woman by spain �*s former chief kissing her football chief kissing her after their world cup victory. after their world cup victory. up. rubiales is on chare luis rubiales is on charge luis rubiales is on charge of sexual assault. time accused of sexual assault. time accused of sexual assault. time now to ten seconds of london now to ten seconds of london zoo newest you zoo �*s newest residents. you zoo �*s newest residents. you will have to a hard will have to take a hard look these endangered because these endangered droplets are just five are five droplets are just five millimetres long. more than millimetres long. more than 30 been born here. you are have been born here. you are all caught up.
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foster. manchester city leave it late but they get the deal done nico gonzalezjoins from porto. and sam kerr on trial, the chelsea and australia striker is charged with causing in a moment, but�*s there's been plenty of action away from the pitch. the transfer window has shut for the major european leagues, on deadline day.
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