of mexico's avocados find a home in the u.s.. 47 percent of fruits and vegetables come from mexico and canada. beer and tequila is a big one. you will see companies impacted at the open. and car parts is a big piece of it. carmakers like to assemble their cars in mexico and canada. they have that proximity to detroit and the rust belt. lumber and steel. these are things that will hit american pocketbooks. >> what about the impact on the u.s. economy? what is the assessment in terms of the economic impact? >> one of the immediate questions was that this could increase, some calling for a recession, for the u.s. it will show up in the form of inflation. you're talking about a $930 drop in household incomes as soon year, within the next 12 months with inflation potentially up to 3% so when we are talking about pricing in an uptick in inflation these are the things we are watching. energy prices and food prices will be part of that core bucket. even u.s. gdp by 2029 a hit of $55 billion. and remember on the campaign trail he made a promise that these tariffs will help offset some of the tax cuts

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gdp, 43% of imports come from canada, mexico, china. 5% of u.s. directly impacted by higher tariffs. this is meaningful when annual gdp growth is normally around 2%. lisa: it makes an eager bit -- even bigger difference for canada and mexico. about 80% of their exports, i keep going back to what they wrote. we see this trade shock, far larger in economic magnitude. we expect both countries to enter a recession in coming weeks. jonathan: the likes of mexico and canada plunging into recession. the door just slammed shut. lisa: you see that priced into the short end of the yield curve, no one has a clue. you could see that at the long end. that said there wasn't really pressure for them to cut rates. donald trump doesn't seem to be pressuring to cut rates saying they made the right call. jonathan: probably the most surprising thing we have heard. lisa: i was shocked it shows he actually cares about inflation and wants to tamp down long-term inflationary expectations. jonathan: we will leave that one there. for those of you just tuning in, maybe not f

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targeted canada and mexico. canada is a member of nato. you know to really to bully them to extract concessions is not the way to go about things. what he thought was nothing. the concessions that mexico and canada, those are things they already pledged to do were already doing. mexico already has 15,000 troops on the border to try to stem immigration flows. and canada, which trump seems very concerned about the fient nil issue -- fentanyl issue and step up its enforcement, most of the country fentanyl comes through not through canada or southern border. 90% comes from packages that come into this country under the standard, the ports of entry. and so to threaten our allies and bleed them and get concessions that weren't concessions means he has accomplished nothing which fully underscores that it is they at try call and wants to seem like he is doing something grand and spooking the market and business owners will tell you the most things they need is certainty. this trade policy is not going very well. >> and he was scared of the market r

>> we have seen a different attitude from canada and mexico. has been quite steely, aggressive in its rhetoric, but working behind the scenes. the canadian government is trying to be conciliatory while also threatening to retaliate with tariffs. canada's foreign minister was in washington, dc until last night trying to change the course of this policy through diplomacy. that did not work. one of the concerns going forward, what does mr. trump really want from us? how can we truly change this? as we escalate into practically a north american trade war as these three countries exchange retaliatory tariffs, how do we stop this? i think mr. trump will have the top hand in determining the answer. >> thank you for joining us. ♪ john: being a veterinarian can be satisfying and rewarding. caring for beloved pets that can't care for themselves or even speak up when they're sick. but it can also bring mental health challenges that some feel haven't been adequately addressed. now some veterinary schools are trying to do something about it for the next gen

canada. that's about $1200.00 that were apprehended last year versus only $700.00 in mexico. but i think the bigger issue in canada is the one percent of defense spending one percent of g d. p, a spent by canada on defense. it's, you know, obviously way below the nato, the north of north american treaty organization, level of that's required the minimum level of 2 percent of judy peace. whereas if with mexico, it's more the open border and the sense that all the drugs, that's poisoning many americans about $80000.00 per year. that's a much bigger issue then then really any kind of economic challenges. and then of course, with the you, they have the same problem, but the european union is only spending, you know, a slightly less than 2 percent on average. but most importantly, germany and france are well below their targets. and i think that's disappointing to the president. trump, in so many in the administration. of course i'm president, trump is objecting to the content trade arrangements with canada and mexico. they all based on something called united states and mexico, ca

mexico and canada slapping back with retaliatory tariffs, though mexico has yet to determine what the tariffs will be. canada's currency meanwhile plummeting to the lowest level against the u.s. dollar in more than 20 years. president trump will speak with leaders of both countries today. coming up, my exclusive interview with vice president jd vance coming up in the 8:00 a.m. hour. wait until you see what i asked him about china and whether to yank off those chinese stocks from u.s. exchanges. it's coming up. first, markets are reacting to the tariff fight on this first trading day of february. pointing to a big selloff at the start of trading this morning. the dow industrials down 568 points, the nasdaq down 346, on the session, right now indicating worries over this tariff situation. markets meanwhile closed out the month of january strong, take a look at the numbers for january, the dow industrials up almost 5%, nasdaq up 1 and two thirds percent and s&p 500 higher by 2 and three quarters percent for the month of january. february starting a bit more volatile. in focus this mornin

deficits from china and tremendous deficit with the european union, tremendous deficit with mexico and canadaa purpose about why will we have deficits. i'm speaking with prime minister justin trudeau tomorrow morning and i'm speaking with mexico tomorrow morning and i don't expect anything very dramatic. maria: it won't end there trump says tariffs on the european union are coming that will definitely happen he is taking a softer tone with the united kingdom suggesting they can make a deal first the european union is going to respond firmly to any potential tariff, canada has already responded and unseated 25% retaliation on $155 billion of u.s. exports, mexico is going retaliation with no specifics have been given their how do you see this playing out congressman. >> i think of canada move is to retaliate against united states president trump said he will raise tariffs even more on canada i think at the end the way it's going to put, i think the end game the least was publicly stated as functional and killing over 100,000 americans every single year that has to stop. i've been hawkish especi

by targeting allies, canada and mexico, some of our staunchest allies, canada is a member of n.a.t.o. >> right. >> to really try to bully them to extract concessions is not the way to go about things. what he got was nothing. >> right, right. >> the concessions that mexico and canada gave, they were-- those were things they had already pledged to do, were already doing. in fact, mexico already has 15,000 troops on the border to try to stem the immigration flows and canada, which, you know, trump seems very concerned about the fentanyl issue and wanting canada to step up its enforcement, most of the fentanyl that comes into this country doesn't come through the canadian border nor on the backs of the immigrants in the southern border, 90% of the fentanyl in this country come from packages that enter this country under pt diminimus standards, to try to try to get concessions that weren't concessions means he has accomplished nothing which fully underscores the fwakt that it's performative, theatrical, he wants to make it seems like he's doing. it's spooking the matter and creating uncer

, like big canada, in mexico, like the big car—makers for example, will canada, in mexico, liken mexico, like the big car necessarily bring ple, will canada, in mexico, like the big car necessarily bring that will not necessarily bring that will they, manufacturing home, will they, in the short term? he; manufacturing home, will they, in the short term?— in the short term? no, they won't, because _ in the short term? no, they won't, because they - in the short term? no, they won't, because they have i in the short term? no, they - won't, because they have made —— strategic 7 — they tegic 7 — they have an — to y have an — to enable an — to enablean trade e— 7 the countries the countries so between the three countries so goes directly against that some major strategic éfmmnfahé the? ee"l bf f ’ to eeeieienefians the? zei�*l bf ’ ” f to reverse it because don't want to shut down you don't want to shut down a big investment, particularly when got car when you've got car going through a major change at the such a major change at the moment with electrification and �*suchissues �*such

but we see that by targeting canada and mexico, who are some of our staunchest allies -- i mean, canada is a member of nato -- to really to bully them to extract concessions is not the way to go about things. what he got was nothing. the concessions that mexico and canada, those were things they already pledged to do, were already doing. mexico already has 15,000 troops on the border to try to stem immigration flows. and canada, which trump seems very concerned about the fentanyl issue and wanting canada to step up its enforcement, most of the country 's fentanyl does not come through the canadian border nor on the back of immigrants coming from the southern border. 90% comes from packages that come into this country under the dominium standard. they come through the ports of entry. and so to threaten our allies and tried to bully them and get concessions that weren't concessions means he has accomplished nothing, which fully underscores that it is performative, theatrical. he wants to seem like he is doing something grand and in effect it is scooping the markets and creating uncertaint

canada and mexico are really threat in production in north america -- if these tariffs continue. general motors widely expecting to see the worst fallout. given it has the biggest exposure in canada and mexico, that means they will suffer the most and that is what they are looking at, scarlet. back to you. scarlet: while the u.s. did agree to a delay, terror threats for mexico are not over. -- tariff threats for mexico are not over. take a listen. >> in terms of trade, my proposal was the same one. why don't mexico's secretary of economy and the u.s. secretary of commerce work together so we can also get results and learn about these issues? then he agreed and at the end asked me how much time i wanted to put on pause. i said, well, let's put it on pause forever. he asked how long. i said let's put it on pause for a month. i am sure that in that month, we will be able to have results. good results for his people and good results for mexico. scarlet: for more on this developing story, let's go to carolina milan, bloomberg's bureau chief in mexico city. what do we know about what me

host: the threats still coming, is that canada and mexico? or other? guest: the canada and mexico tariffs are on the table but on pause for a month for now. he reached agreements with each of those governments, the mexican in terms of future tariffs, he's talked about it on microchips, pharmaceuticals, copper. but then he's also talked about putting tariffs on various economies like the european union. he also talked about a universal tariff to put tariffs on everybody. host: what's the goal of a broad tariff policy? guest: president trump talks about trade being unfair whereas the u.s. is has, in many cases, no tariffs at all or lower tariffs than our trading partners because the united states is a net importer of the world's goods. also, republicans are looking at the tax cuts expiring or expanding them and the administration is serious about wanting revenue to help offset some of that lost revenue and is one of the reasons why you could see -- people aren't sure whether the universal tariff is a threat or he could actually do it but you could see it

over weekend trump is imposing a 25% tariff on imports from canada and mexico. cts from canada additional 10% tariff on chino, all set to go into effect tomorrow. i spoke with vice president j.d. vance about this yesterday, on "sunday morning futures". >> the problem with this whole idea that they are going to retaliate is they have already been taking advantage of america for decades, the he is retaliation, is donald trump saying no more we know mexico has allowed the facilitation of the illegal drug trade illegal sex trafficing for years has done nothing about it if they want to be a better part here in time starts now chinese have stolen never manufacturing jobs about for years facilitated trafficking illegal fentanyl into mexico we are sick of being tan advantage of. >> the european union also vowing to respond to any potential tariff as trump threatening similar action, for eu, joining me now former u.s. ambassador to nato kurt volker thanks very much for being here. your reaction. >> well, i want to hear earlier guest scribed described as eventually hammer

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new tariffs on china, mexico and canada. if president trump wants to usher in a new golden age with canada, not to punish us. and warns against delays. hello, i'm martine croxall. imports, and 10% on chinese goods. he is imposing billions of dollars of import duties on us goods. from tariffs will be "worth the price". our north america correspondent nomia iqbal reports. canada has hit back. tariffs against canada will put yourjobs at risk. president trump is imposing tariffs of 25% on all goods being imported into the us from both canada and mexico. oil imports, however, will be taxed at 10%. he says he will absolutely impose some kind of tariff on the european union to try to rebalance trade, imports and exports the same amount. president trump used emergency legislation to do this, he also believes this will make american consumers turn away from other countries and invest in us products instead. in less than two weeks since he returned to the white house, president trump's strategy is clear. he is going to risk using amer

from canada, mexico and china. middle class as the government tries to shore up the world's third largest economy. hello and welcome to business today. i'm steve lai. our top story this monday — markets in asia are in the red after us president donald trump has on imports from mexico and canada. tax of 10%. he also implemented an additional 10% tariff into force on tuesday. of 25% on american goods ranging from beer and wine to household appliances and sporting goods. with the world trade organization. peter mcguire from trading.com laid out what the possible economic fallout from this new trade war could look like. and to a lesser extent china — i think the countermove is going to be a tit—for—tat in the sense that mexico is looking at introducing substantial tariffs on us goods tariffs. what do you make of china's response? they seem to be more reserved. 10%. and they come back to market tomorrow. it will be fascinating how they trade on this. but appreciating what is going on. is there enough details as to who and what is affected at the moment. interpreted by the market over the next

clinton 20 or 30 years ago, which basically eased the movement of goods and services between mexico, canadappened as a result of that is that all the us car companies all moved their factories, and the european ones did too, into mexico, so they could... where it was cheap. ..and that saw big cities like detroit, what have you, fall into disrepair. so he hated nafta. so in his first term, he ripped that up and replaced it with something called the usmca, the united states—mexico—canada agreement. and what's odd about this period is that he's essentially he signed the agreement. ..and so a lot of people are saying that, you know, he puts these tariffs in, then he postpones them. he's in, out, like a hokey cokey of tariffs, and leading some people to suspect that a lot of this is performative. let'sjust look at mexico and canada for the moment. if you can give him something which he can sell at home as a concession, then maybe things can resolve themselves. but i think that...i've been talking to big businesses around the world, diageo, the drinks company, and they say, listen, you know, over

mexico and canada will both cave and i said mexico will commit thousands of troops to help secure our border. canada will lead in to secure our border. that is exactly what happened today. that is leverage protecting the national security and the public safety of every american. >> sean: when you think back only a couple of weeks ago we were being lied to to the end. the border was secure and the border was closed. you in many ways took on a dual role as... you'd be down there and share videos with us. we see what -- that they are lying. to think they could have easily done this themselves. why didn't they do it? >> because they didn't want to because they didn't care. why would joe biden or every democrat in the senate or in the house support open borders, support 12 million illegal immigrants coming into this country, support and murderers and child molesters and violent gang members and the only explanation that makes sense is it was all politics. they view every one of those illegal immigrants as a future democrat voter. and this is really sad and cynical. they were willing to loo

trump says china, canada and mexico are exporting dangerous drugs to america, and neither canada nor are doing enough to prevent people from crossing their borders into america. 25% on canadian and mexican goods, 10% on china. one of the more surprising things is oil is included in the list of tariffed goods, though at a lesser level. as recently as last thursday, president trump said oil would not be included, and the usual reminder that american importers pay the tariffs, not the canadians, not the mexicans. we pay the american government. when america puts a tariff on foreign countries. president trump said on social media there might be some pain. then again, he said, there might not. he also speculated on social media that canada would cease to be a viable country. harsh but true. he wrote alice showed you a bit of canadian prime minister justin trudeau's speech last night in this. in our last segment, i want to show you a bit more. trudeau addressed the american people from ottawa, from the beaches of normandy to the mountains of the korean peninsula, from the fields of flander

what canada, mexico in china, so it got canada and mexico, which is more theater. profit table president trump promised 60 percent terrace on china or more. and that is going to come, that's not gonna come until april. so we really are only going to see the true impact of what donald trump is going to do after the levies. more terrorists are not after he takes these off. and there's a real reason why the us is putting these tariffs on any of these reaction to what china has been doing for the past decade plus. okay, well, what impact does this going to have on the chinese economy? we had our correspondent invasion thing. it was going to feel a real sting as you return. it depends, of course on, on who you're asking within china. what hasn't really been focused on is that there is going to be a 1st time cash on people who ship goods under $800.00 per shipment. and that's, that's called the minimum is. and for the 1st time, the united states has eliminated the minimum is from china and hong kong. it is now treating hong kong and china is identical, which is also significant. so if you are

migrants and illegal drugs to enter the u.s. >> china makes the fentanyl, gives it to mexico, puts it through canada, puts it through different places. mostly mexico, but also a lot through canada. and so all three haven't treated us very well. >> reporter: all three countries, america's biggest trading partners, rejecting trump's accusations and vowing to retaliate. the chinese government denouncing the tariffs. which come on top of existing tariffs from trump's first term. promising counter measures and urging the u.s. to handle its own fentanyl issues objectively and rationally. without threatening other countries with tariffs. mexican president claudia sheinbaum ordering retaliatory tariffs and slamming trump's assertion that her government works with drug cartels as slander, saying if the united states wants to combat criminal groups that traffic drugs and generate violence, we must work together. but the strongest reaction from our ally to the north, prime minister justin trudeau says canada will retaliate with 25% tariffs on $106 billion worth of american goods. calling on his citizens to buy

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the tariffs against canada, mexico and china are expected to take effect in less than a day. ready, canada has unveiled details of its counter-tariffs and mexico and china are planning to do the same very soon. president trump says he will be speaking with the canadian prime minister and mexican officials in the coming hours, but experts are concerned the tariffs could mean higher prices for american households on a wide variety of goods. well, recent polling shows that americans are worried about the effects of president trump's tariffs. cnn's harry enten breaks down the numbers. >> the support is 38%. now, you don't have to be a mathematical genius to figure out that the 51% opposed is higher than the 38% support. americans are saying no, no, no when it comes to these trump tariffs. you know, there have been some things that trump has perhaps done in his early days that are popular. i've pointed those out. but this, my dear friend, is not popular at all. i've looked at a bunch of polling data, some with vague polling language, some with more specifics, like this one. and in

have auto parts that come from canada. mexico, also, fully assembled vehicles coming right into the country that's going to raise prices potentially by about $3,000 per vehicle. also wooden lumber, right? we get about 30% from canada, and then we get drywall components from mexico, 70%. so when you're talking about home prices, that could potentially raise the price of homes, we have a home shortage in the country. we need to be building more. any raw materials that are more expensive are going to make home prices more expensive. also, shoes 50% over 50% come from china. so that's going to raise the price of shoes. fertilizer is interesting. i just want to point this out because there's a key component in fertilizer called called potash. we get that from canada. about 80%. that's going to impact farmers who grow all of our foods. these are just some some of the items, including beer, wine, bourbon, perfume that come from mexico, canada and china. the u.s. consumer is going to pay those increased costs. >> pretty much across the b

. >> en canada. en mexicoer of reasons. >> estados unidos se embarca en una guerra de aranceles con sus tres principales socios comerciales que ya toman medidas de retaliacion. el presidente donald trump se mantiene firme y dice que los estadounidenses podrian sentir un poco de dolor. el secretario de estado, marco rubio, quien visita panama, dijo que el pais debe reducir la influencia china en el canal o enfrentar posibles represalias de estados unidos. el jefe de la diplomacia tambien pidio que panama frene la inmigracion ilegal. en el dia de la candelaria. en mexico se celebra una deliciosa tradicion con una variedad de tamales, tanto dulces como salados y que varian por region y por pais. los llevamos en este viaje culinario. >> noticias telemundo. >> fin de semana. con yohana suarez. >> que tal ? feliz domingo y gracias por estar con nosotros. hoy comenzamos con una noticia de ultima hora. la administracion de donald trump revoco la extension del estatus de proteccion temporal para los venezolanos. los am

as within that us canada and mexico... that support several jobs. support several million jobs. this is probably going to have thisis probebty going to have impact, this'is probebty going to have impact, especially =-——z:: with the j with the simultaneous ten percentage additional ten percentage point our tariffs on chinese goods in our tariffs on chinese goods so this is big policy change unexpected. it totally wasn't unexpected- _ unexpected. it totally wasn't unexpected. - he - unexpected. it totally wasn't l unexpected. - he would unexpected. it totally wasn't - unexpected. - he would be this from one doing this from febrdery one he doing this from febroory one he has doing this from febroery one he has kind of follow on that -romise as it through on that promise as it were but the question is what impact it will have. he said on social media platforms that his social media platforms that they will be paying for his social media platforms that they will b in aying for his social media platforms that they will b in the

nations mexico. canada and. the u.s. >> across the border, back and forth between the u.s. and mexico. are we putting those 25%. >> tariffs. >> on every single time? >> is it on the only the. >> final good? i mean, there's a lot of. >> very heavy. >> hitting pain. economically coming in the. >> way of the. >> u.s. consumer. >> courtney, why is he doing this? why is trump's reasoning for doing this? i mean, what is the actual explanation that he is giving as to why he wants to do this against canada, mexico and china? i mean, he is giving reasons like drugs crossing over our borders, but how does he see the, you know, imposition of tariffs on canadian, chinese and mexican goods directly linked to that? >> well. >> to be frank, they're. >> not they're not directly linked to that. but i think. we've seen so far in the trump administration him. wield the essentially economic might of the united states. >> against other nations. >> in the case of colombia. >> it was. >> a threat. >> and then. >> colombia obviously. backed dow

states—mexico—canada agreement.ment. ..and so a lot of people are saying that, you know, he puts these tariffs in, then he postpones them. he's in, out, like a hokey cokey of tariffs, and leading some people to suspect that a lot of this is performative. let'sjust look at mexico and canada for the moment. in a month's time, will there be some kind of peace agreement as a concession, then maybe things can resolve themselves. around the world, diageo, the drinks company, and they say, listen, you know, over a third of our sales or canada because it's canadian whisky or it's tequila, and as a result, we cannot tell our investors what our earnings fluid a situation. able to tell people just a little bit of visibility the unsettling, it's the uncertainty, which is kind of rocking people at the moment. fall a little bit. donald trump doesn't like to see the stock market yeah. are the dangers of a china—us trade war greater than these other cases? i mean, those are the two most powerful economies in the world. trans—pacifi

the concerns escalated off to the us impose 25 percent important x is on canada and mexico along with the next are 10 percent on chinese goods. those tariffs are set to take effect on tuesday. canada and mexico have announced counter measures. now the european union is also being threatened and those rights that overshadowed the beginning of a european need as meeting in brussels. the latest they have warned, a trade war could cause severe economic damage, both in europe and the us. leaders say planned us duties could backfire and urge president trump to negotiate with the u force solution. we were listening carefully to those hearts, and of course we are preparing the also on our side. but what is here? there are no winners and trade wars. if a united states in the us start to trade war, then maybe one last thing on the side is say, china, we are very interlink. so we need america. and america means us as well. say these cause they are not to the jobs not i think terry's always meant periods a bad for treat terms. a bed for the united states, the bed for those to see terry's and post

yeah, kimberly, the tires on canada and mexico in china come into effect on tuesday. the us present, i know is due to speak on the phone with the leaders of canada and mexico. is there still a chance of stopping all this a well, the bottom line is, is that he says that there is the opportunity for that to happen. look, he says that he wants to see a couple of things be worked out. he's in blaming canada and mexico for illegal immigration, for the flow of fentanyl, which we should also say is coming from china. but he says, has been let in through the southern and northern borders. and as a result, he says look at if you guys work with us and you stop that, we can work something out. but until that happens, we're going to put these 10. 2 into effect, so he says there's still time for a deal, but that's what this phone calls about. try to work at a last minute deal. if that can happen, this may be averted. ok. kimberly thank you for the moment. kimberly how could live fit at the white house and asian stock market is also dived over fees of a global trade war. and this is

my thoughts there are for canada and mexico, for china it is more just fentanyl. the difference in the tariff rate. again, i don't think we but again, i don't think we should read too much into it. is 'ust is just the first tariff this is just the first tariff that the trump this is just the first tariff that the will np this is just the first tariff that the will be taking, administration will be taking, and has been clear and trump has been very clear that europe and others are on 7: 7777lista7s7we7ll7.7 77 77 7 7 7 77 were killed when a medical transport plane crashed this is the moment of impact, caught on cameras across the city. the medicaljet was carrying a mexican child back from a hospital when it crashed in a busy neighbourhood, it comes two days after the mid—air collision between a military helicopter and a passenger plane one of three soldiers aboard that black hawk chopper has with an army helicopter. that is the passenger plane — as it encountered the at 8:46:47, dca tower cleared otherjet traffic on runway one at 8:47:39, a radio transmission from

it is lower canada f canada and f canada and mexicfo, what than canada and mexico, what are your thoughtsround the world? impact on the us, mexican and canadian economies and us it will put us in kind of a global trade war. the president also announced potential tariffs on five this could also contribute to more global tension. we are in for quite a ride in the global, global economic tensions. evening. crashed into a residential area on friday evening. people were injured. in washington, dc. as a white house aide in the biden administration. on both plane crashes. here's the washington plane crash lead investgator, with an army helicopter. that is the passenger plane — as it encountered the for departure with no delay. at 8:47:39, a radio transmission from the tower was audible asking pat 25 if the cr] was in sight. one second later, the crew received an automatic, automated traffic advisory was audible directing pat 25 to pass behind the cr]. and fdr data showed the aeroplane beginning to increase its pitch. sounds of impact were audible about one second later, followed by the end of th

after donald trump announced those tariffs on mexico, canada and china. volkswagen owns mexico's largest car factory, which produced 350,000 cars in 2023, all for export to the us. now, bmw, which makes around 100,000 cars in mexico and canada, says free trade is one of the most crucial drivers of growth and progress. frank. >> brianna, thank you very much. julianna tatelbaum live in our london newsroom, taking one more look at us futures. again, we're seeing big declines across the board. we just showed you a short time ago. red arrows across the board when it comes to the us futures for the s&p, the dow and for the nasdaq. right now the dow looks like it would open more than 600 points lower. we're also seeing the spike in the canadian dollar and the mexican peso compared to the us dollar, and a fall in the euro that is pushing it to parity with the us dollar. let's discuss all of this now with greg branch, founder of branch global capital advisors, a financial consulting firm, and james pethokoukis, an economic policy analyst at the american enterprise

tomorrow he will be implementing a 25% tariff on mexico. 25% tariff on canada. 10% tariff on china for the illegal fentanyl they have sourced and allowed to distribute into our country that has killed tens of millions of americans. these are promises made and kept by the president. >> last night the president said that he was planning to discuss whether exceptions would be made on imports. any information on any decisions there? sec. leavitt: i do not have an update or read out for you on the exemptions, but the tariffs will be available for public consumption tomorrow and you can read them then. stephen nelson? >> thank. three questions, if that's all right. press freedom and economic matters. you announce plans to roll back the restrictive press badge policy at the biden white house. there's a different freedom policy i wanted to ask about. the biden white house adopted a mysterious prescreening process for journalists allowed into large event spaces that in the pre-pandemic phase of the trump term were open to all journalists, effectively limiting the diversi

he's threatened to other countries with terrorists, but particularly canada and mexico. that he threatened, then he sent the market's crazy, but large 25 percent tariffs against canada and mexico, china at 10 percent across the board chair us. and so as we kind of look in this, i'm just sort of trying to understand what's going on inside this white house because we did see a significant market reaction. a negative market reaction to what donald trump had threatened with canada and mexico within 24 hours. he had reversed those and put them on a 30 day hold up or the. so what do you, i mean you're in this world of economists and people worked in the federal reserve board and, you know, you know, people inside the administration has economics got a new new north star. and i don't think so. i think that's the administration doesn't, isn't quite clear within itself as to what they want or how to use these tariffs. we know that the top advisors, uh, treasury secretary, national economic council chairman are not big fans of tariffs, but they're willing to work with them because

but it seems to me that tears against canada and mexico are really quite a different animal from the chairs because everyone else, because our production process, our economies are so entered, twined, or canada, and mexico goods across the border back and forth. the same auto part goes in the mix, so it comes back to us because the new mexico comes back to us multiple times before the codes are paying a tariff every time you have to pay a tariff every time it would be prohibitively expensive. 25 percent tariff on autos is effectively much, much higher. it would kill detroit. so that is a totally destructive tear of now 10 percent or more in china and maybe on some other countries farther away there are less integrated with our economy. we could survive that better as not saying it's a good thing, but you could see the case for that as a somewhat of a revenue razor. but even there, if, if trump put a 10 percent tariff on everybody and this would include canada and mexico, which is disruptive, but to say he did a $300000000000.00 a year. that's the federal government, spend 7 trillion d

now the same thing with mexico and canada. what we'll see here i think is the. >> tariffs come quickly. >> and big tariffs in. >> administration. >> but then pulled back. >> just as quickly. >> i think there. >> are places that investors can look to find haven from some of this noise. let's bring. the msci eafe. index of developed international. stocks might offer a relative safe haven. it doesn't include any of these first round combatants. >> in the trump. >> 2.0 trade war, though. mexico. no. canada, no china or the us. and it's already been outperforming this year. it's now up 3.3% versus the s&p is 2% year to date. >> jeff i want to play a sound bite from the president yesterday just talking about his tariff plans. i want to get your reaction. and again, i want to ask you, when we know the president feels this way about tariffs going forward, are there certain sectors and other things that you may not want to invest in? we're going to take a listen first. >> what i have discussed. is we'll have some good meetings with chi

larry: thank you. >> the trade issue with canada and mexico is long running one. ar with all of barriers, including nontariff, in canada, you aware of systemic issues in terms of unfair trade policies with mexico, c canada has' substitute vat, mexico has a vat, u.s. manufacturers already at a huge disadvantage because of the i'm of the imbalance in trade. the a security based order about flow of fentanyl to u.s. and carnells and deadly truths and cr -- deadly drugs and crime from canada and mexico, hundreds of thousands of americans died because of fentanyl that comes flew both borders. they have pledged historic security packages on northern and southern border to crackdown on fentanyl and cartels, canada's commitment to declare cartels to be a foreign terrorist organization is a see change how we treat them. mexico's commitment to mill militarize their own border. is a massive commitment. our defense department of defense is in touch with mexico, to end the flow of goods, and persons to u.s. that has never happened before in american history. these are see change

emergency workers continue to recover the bodies of us president trump says tariffs on canada, mexico and china will start on saturday — with measures of their own. more israeli hostages are to be released by hamas from gaza as part of a ceasefire deal. will visit the us on tuesday — the first visit from a foreign leader since trump took office. now on bbc news, unspun world withjohn simpson. hello and welcome to riga, i've come here to look at what might happen i'm pretty sure that putin won't sign any sort of deal with us or european peacekeepers without any rules. within russian society into enemies of the state. or organisation is viewed as either a friend or an enemy. hello and welcome to unspun world. latvia, where i'm reporting from, with a shared border with russia, which will help me answer my questions about russia's war and its changing society, based itself here in riga in the wake of russia's invasion of ukraine. president trump used to say he'd sort out the war in ukraine within 2a hours of coming into office. that was never going to happen, of course, but getting a peac

migrants and illegal drugs to enter the u.s. >> china makes the fentanyl and gives it to mexico, puts it through canadats it through different, different places, mostly mexico, but also a lot through canada. and so all three haven't treated us very well. >> all three countries. america's three biggest trading partners, rejecting trump's accusations and vowing to retaliate. the chinese government denouncing the tariffs, which come on top of existing tariffs from trump's first term, promising countermeasures and urging the u.s. to handle its own fentanyl issues objectively and rationally without threatening other countries with tariffs. mexican president claudia sheinbaum ordering retaliatory tariffs and slamming trump's assertion that her government works with drug cartels as slander, saying if the united states wants to combat criminal groups that trafficked drugs and generate violence, we must work together. but the strongest reaction from our ally to the north. prime minister justin trudeau says canada will retaliate with 25% tariffs on $106 billion worth of american goods, calling on his citizens to

president donald trump imposes tariffs on canada, mexico and china — three of america's biggest tradingartners — from saturday. and in sport, salah helps liverpool beat bournemouth and nottingham forest hit seven against brighton. hello, i'm lukwesa burak. the mayor of philadelphia in the us has confirmed that seven people were killed when a medical transport plane crashed into a residential area of the city last night. all six people on board died, including a child, along with one person on the ground — another 19 people were injured. the crash happened only a minute after the plane took off. it comes just two days after a collision between a military helicopter and a passenger plane in washington dc. graham satchell has the latest. the moment the jet crashed, captured on cctv cameras across philadelphia, the explosion heard and seen for miles around. the plane came down in a heavily populated part of the city at rush hour. it set cars and buildings on fire, wreckage from the aircraft strewn across the streets. eyewitnesses described the moment of impact. ijust see the plane is gettin