tv Business Today BBC News February 4, 2025 4:30am-4:45am GMT
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borders. hello and welcome to business today. they were set to come into effect today. and clamp down on trafficking of fentanyl. here's mexico's president, claudia sheinbaum. i told him let's put it on pause for a moment and sure this month we "in; now; m 7 ' ” w 7 "in; 510m; will); ' ” w 7 "in; 5103th mlbésble" 7 in this month we will be able to good results to have results, good results for your people, good results
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to have results, good results for you peoplee, good results to have results, good results for you people ofgood results to have results, good results for you people of mexico ;ults for the people of mexico and this was the result of the agreement. the truth is i think it is important are to allow us to eei to and recognise the of recognise the importance of the us and treaty and within framework work 7777 frar7n7ework7work to 7 that he had a �*good call�* with president trump — partners, and increased resources to stop the flow of fe nta nyl. working on protecting the border." to combat organized crime, fentanyl and money laundering. so how is all this being seen in canada — which was one of the us' closest trading partners and allies.
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catherine fortin leviavre, from the canadian chamber of commerce , says canadians are angry and shocked with how it's all played out. there is some from knowing these will not imposed 77 imposed away be imposed right away there, there lot of shock and there is a lot of shock and anger among canadian businesses, it increased uncertainty, as we know does not like business does not like so we business does nbt like so we have 30 days, move forward with some plans to be better equipped, and to try to frankly convince our american counterparts, that this is counterintuitive. although it will hurt the canadian economy = -7 a bit because 7 a bit because we are so quite a bit becabse we are so integrated, it quite a bit beceese we ere se integrated, it will tightly integrated, it will hurt the americans a great deal as much. in fact we have done a survey or to study to survey or to model. what those lgfbgj’ what those tybesbf would mean
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lathe; what those tybesof would mean for the tariffs would mean for the average consumer on sides tariffs would mean for the average consc and on sides tariffs would mean for the average consc and on see sides tariffs would mean for the average consc and on see that s tariffs would mean for the ave quite >nsc and on see that s it is quite significant close $2000 it will cost to $999 it. will'eeeteeeb ' 7 ~ "' ' for canadian annually, for it is pegged at $1300 americans it is pegged at $1300 us. fora who americans it is pegged at $1300 us. for a who is on affordability, running on affordability, this is not going to is certainly not going to be providing that relief, it will providing that. relief. it. will" ' m 7, 7, ' 7 " quite opposite, it as catherine was saying , for many canadians, trust in the us is shaken — and concerns remain over the bbc�*s michelle fleury reports from the town of windsor ontario. have pulled us brands from their shelves, tonight (inaudible). she is not going to sign back up.
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the us to be the ally any more. at this factory, they make parts used in other goods. the lavalle president of the company said questions remain. the uncertainty is that of the tariffs, we have been years, of success, came from both sides working time to create. now knowing that as fragile as it is, and that tonight the feeling of betrayal by a
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elm—l opened 77 7 opened at 77 7 opened at 1%, 77 7 opened at 1%, was7n't has opened at 1%, that wasn't the case despite no 7 7be|ng flagged 777 777b7ei7n7g7 haggai ma; 77 tariffs being flagged india to an all—time low, rupee sank to an all—time low, the indian dropping as the indian markets dropping as well. in india so far? india was not immune to everything we saw happen india was not immune to everything and saw happen india was not immune to everything and saw was nen india was not immune to everything and saw was visible yesterday and that was visible in market as well corrected 7 77 correctedby 7 77 7 77 7 77 corrected by the 77 7 77 7 77 corrected by the end77 7 77 7 77 corrected by the end77o7f 77 gwhich corrected bytbe end of day and you are seeing some that trade as well mornin-. according to some estimates lost wealth to according to some estimates billion 3st wealth to according to some estimates billion in:wealth to according to some estimates billion in a vealth to according to some estimates billion in a vealth of to according to some estimates billion in a vealth of a to $57 billion in a matter of a few minutes, the benchmark few min-alt“ the benchma" were down few min-alt“ fife benchma" were down led indices were down led by heavyweights like reliance heavyweights like reliance'””' ' ”" '" ” and another heavyweights like reliance'w'” w” ”” w ” and another big industries and another big the emphasis is on business, the emphasis is on the declining rupee which went to 87 rupees to dollar, to 8? rdnees to the ddttelt , all sorts of problems spelling all sorts of problems for a country like india which is heavily import —dependent when it to crude oil, 80%
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when it comes to crude oil, 80% of the crude is by yo; if : you can understand 777w7iu 77a7cascading 7 risk of as impact on risk of inflation as it gives variable for well. it gives variable for for the central bank make a decision about te n'tehe e deeieien ebee�*t ' will go with whether'it will’go'ahead with these are whether'it wiltgo'ahead with these are some whether'it wiltgo'ahead with these are some of aspects that indian experts watching out for, are watching out for, simultaneously, we are reading reports india is looking to try out scenarios in and figure out scenarios in case there a terrified, the case there is a terrified, the budget was earlier on case there is a terrified, the budget we we earlier on case there is a terrified, the budget we we saw earlier on case there is a terrified, the budget we we saw tariff earlier on case there is a terrified, the budget we we saw tariff cuts r on case there is a terrified, the budget we we saw tariff cuts on n 21-7— high—end motorcycles which the high—end motorcycles which would davidson would include harley davidson as well. the message many would include harley davidson as well. and message many would include harley davidson as well. and messag say my would include harley davidson as well. and messag say to the a nalystsand experts say. to the from india, analystsandexpextssay. to the from india, they for a confrontation and looking for a confrontation and they look for a way forward to and this amicable try and make this as amicable as possible, all are as possible, but all eyes are on the and developments over next few days. thanks for the next few days. thanks for kee - in: the next few days. thanks for keeping a _ the next few days. thanks for keeping a close _ the next few days. thanks for keeping a close eye _ the next few days. thanks for keeping a close eye on - the next few days. thanks for i keeping a close eye on - for the us senate has confirmed president trump's
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executive chris wright. he previously led the oil services company — america's lng and nuclear power. biden's climate policies. government employee" , but he won't receive a salary. it means the boss of tesla and spacex will be able efficiency, aimed at cutting public spending. and mobile phones. defending ukraine is in the economic interests of the united states.
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an executive order on monday ordering the creation of a sovereign wealth fund the short video app tiktok. trump is following on an idea he fronted during the presidential campaign, to a sovereign 77 for the us, is fund forthe us, he 7 wealth fend ferthettdfé't'he' www ”if” * an wealth fend for theddféghe' ' w ” ' w an executive wealth fend for theidfahhe ' w ” ' w an executive on signed an executive order on that charges monday that charges the treasury secretary and howard like nick his nominee to lead the commerce department with the commerce department with the process, mr beginning the process, mr lightening the fund lightening suggesting the fund could be used facilitate the oftiktok 777777l>i7riiei$ie which 777 77775iiii£f$ie with}; 77 sale of tiktok which is currently operating in the us due to any tension signed by trump along donald trump along the deadline for a for sale or shutdown far a for sale or shetdawnrr ~ ~ .,, ~ ~~ donald trump is 77fe7wd7e7tails7 7 few deta|lsand 777fe77w77d77e7tails77ah7d it77 7 77 few details and it was offered few details and it was �*such a offered few details and it was �* such a wealth unclear such a wealth fund would work. he has previously said it could be in 7 tariffs, such rely o7n a rely on a �*s f�*jfi�*d? f§l¥ fifil if “eh“??? 777 77777 7 surplus {eeee fee? ee e “he“??? 777 77777 7 surplus to {eeee fele ee e teeeffe7e7 777 77777 7 surplus to make budget surplus to make
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investment to generate returns, the us operates at a but the us operates at a deficit, creation also deficit, its creation also likely require approval would likely require approval congress. created it = 777- ce m pla7ce us alongside other countries that several other countries that a sovereign wealth 7 china77, new including china;'5ingapore, new norway and putin says it's time for intervision. officials said intervision will be held in september and will bring together countries allied to russia. thanks via company. we are of time on business today.
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