we're beginning to realize that things aren't right here in the middle of canada. we travel on the athabaskan with a fair eight hours it's cold there are regular shallow as it's an unpleasant journey that we won't forget very quickly for the people here it's a daily experience when we finally arrive in port chippewa and on the lake athabaskan we expect everything just not this. sprinklers luxury s.u.v.s an affluent small town in the middle of canada's forests and a town that has no roads leading to it and that only has one surface gravity itself . albert that critic what's that the chippewa nation everything has changed here over the past forty years he says there's a reason why the people here are affluent was it. all the money there. three trucks three quads three years in there already big always is expensive you just tell where the money and fifty thousand dollars signing bonus if you really go work with. the well paid by con the oil fields has replaced the traditional sources of income for fishing and selling fans both industries have collapsed in recent decad

much has changed in recent decades including in canada's found north . beaten and isolated from change the first nation has invested it's money in a construction firm and an airline company with good returns but they want to be in control of the changes and the speed at which they come that's what the elders have decided our ancestors and our grandmothers. gave us directions when we were small no roads because hard times will come back again. within ourselves so i think we'll be ready for anything in be proud of what we have today i think. we had a road talk goal we were had more people come in and. try to make changes. if the bad times were to return they'd have to know how to survive here in the fall north to save the nation we're leaving the rugged wild north with the feeling that the people here own trapped in the past but that they number less sense that not all progress is good for the people who have lived in these endless expanses the thousands of years in harmony with nature. from old crow we fly around two thousand kilometers southward to fort

canada is a trading nation we're continuing to do that. but our closest ally, our best friend, our most important trading partner, is the united states and that will always remain. >> okay. you know, our best trading partner, but does it concern you that nationalists seem to be in power of the white house is it becomes more difficult to negotiate? >> the u.s., through history, has always gone through phases where it's been more protectionist, more open, more protectionist. canada has endured as a friend and ally and trading partner to the united states. the u.s. still sells more to canada than it does to china, japan, and the uk combined we are your number one customer in so many ways. we're going to continue to work very well with you regardless of the perspective in the white house. >> let me ask you a little bit about the investment environment in canada. i know you said earlier this year, davos, that canada will not be following suit in terms of some of the things the u.s. is doing, in terms of tax cuts and regulatory changes is this p

for canada for the u.s. and for mexico and we're working very hard to do that but we continue to stand up for canada's interests canadian jobs mexican negotiators are under pressure to stand up to trump as well but they want to avoid alienating a major trading partner a possible sticking point aside from the automobile issues access to mexico's energy market canada and mexico extension from american steel and aluminum tariffs are likely to give trump's thing go shaders leverage in the next round of talks. women at the u.k.'s banking giant h.s.b.c. earned almost sixty percent less than their male colleagues as according to figures published as part of the british government's investigation into the gender pay gap survey also indicated that the bonuses of lower pay. female employees were almost ninety percent lower than men's wages sees as the difference is largely due to the lack of women and higher paying executive positions as a result it's promised to boost the number of women in leadership positions in th

china cheap canada mr.au: this is something we are also concerned about we bought in significant measures to ensure that we are protecting the integrity of our market and country and will continue to do that. this and that we have concerns a lot of other countries have around the chinese -- and at the same time we know that trade with china is a growing opportunity and a booming economy. getting that right requires a little bit of careful balancing. and we are doing well. mike: would you join and international effort to put sanctions on china? mr. trudeau: we're going to look at how various people like at the challenges out there and will do the responsible thing for canadians. mike: this is the home of the 1933 regina festival. hereou seeing a populist to say we saw in the u.k. and the u.s.? mr. trudeau: the division and fear and anger -- the choice we made is -- in the last election for canadians was optimistic and putting people together and working hard and not pinning regions against regions. there is

canada will get away without tariffs for now.ou must be relieved. >> in the current climate, there is no guarantee for the rest of the day. we are relieved to find canada was not included in this round. what we have in front of us is a threat from the president that negotiations on nafta, he could choose to impose tariffs on canada later. >> i would like to bring in this tweet from donald trump. he says the u.s. has large deficits with mexico and canada. nafta has been a bad deal for the u.s. because of a massive location of companies and jobs, his words. what he is trying to say i think is imports are in outflow of money and with them go jobs. trump is right. canada is taking advantage of the u.s.. >> i think all three countries are taking advantage of nafta. what we have seen is a dramatic increase in trade among canada, mexico, and the united states. and an increase in jobs. the most important factor in the loss of jobs has been the advent of technology more than anything else. >> new rules are needed to deal with this new tec

canada, here is why.anada is the largest market for american goods and the most vulnerable industries are the ones that export the most to canada. they include vehicles, auto parts, machinery like semiconductors and agricultural products so eunice and the chinese government taking about how these policies could hurt allies and that is very much the thought here in canada back to you. >> thank you very much >>> now let's bring in jackie de angelis live in wheatland, pennsylvania and here is the question is it possible that u.s. pro -- producers themselves could be hurt by the tariffs. >> it is and i'll get to that in a second let me start by saying the overall reaction here, even though the stocks have seen volatility is these people are cheering what president trump is doing. ear at zuckerman industries, they are talking about ramping up facilities idle they have 2300 employee and could add hundreds of more jobs and they say president trump is leveling the playing field a vp described that the industry is

they are pretty big sectors in canada, the most populous provinces in canada.au will answer and make it look like he is standing up to trump. scarlet: the canadian government and this trade association, alumina association chief, both say they are hoping for an exertion. what is the canadian case -- an exemption. it is the canadian case for it? josh: the steel association is saying the same thing. the argument is very silly that, if you are doing this on security grounds, it's absurd to say canada is a security risk when canada is a five eyes partner, norad, military ally, part of the f-35 program, although not necessarily buying jets. the list of cooperation between the u.s. and canada is decades and decades and decades old. in effect, if you are tariff whichsteel and aluminum, sum is for the defense sector, by canada come a by calling it on security grounds, you're calling canada a security risk. scarlet: we will see if that comes to fruition or not. we want to turn you know to washington where sarah sanders is in the white house hosting the daily press brief

has large deficits with mexico and canada nafta has been a bad deal for the u.s. because of a massive relocation of companies and jobs his words and what he's trying to say i think here is that imports are an outflow of money and with them go jobs trump is right isn't he canada is taking advantage of the u.s. i think all three countries are taking advantage of now after what we've seen since nafta was brought in by use is a dramatic increase in trade among canada mexico in the united states and an increase of jobs the most significant factor in terms of loss of jobs and traditional industries in the united states and in canada has been the advent of technology more than anything else ok so new rules are needed to deal with this new technology that's come in but your backed into a corner when it comes to nafta now because these tariff exemptions are dependent on canada signing a deal so you'll force to do what the u.s. tells you. i don't think we are i think code canada strategy has been changed overnight as a result of the announcement that was made i think it's i

canada knows that there is a win win win outcome on improving now after it will be good for canada for the u.s. and for mexico we're working very hard to do that but we continue to stand up for canada's interests canadian jobs mexican negotiators are under pressure to stand up to trump as well but they want to avoid alienating a major trading partner a possible sticking point aside from the automobile issues access to mexico's energy market canada in mexico's exemption from american steel and aluminum tariffs are likely to give trump thing go shaders leverage in the next round of talks. and without consumer products jack an auto junior level will abandon its london corporate headquarters and make rotterdam it's a sole legal home the move is a blow to prime minister to resign may's government a year out from bracks it unil of a set the choice to end a.t.'s with two parent companies. one in the netherlands and one in great britain was not linked to bricks it the maker of ben and jerry's ice cream launched a review of its still headed structure in twenty seventeen after it forced off a ta

we changed 20 minutes ago when we started getting who rd that canada and mexico reports, canada and mexico would definitely be exempt and immediately moved on this. we moved a good 12, 13 points in the s&p 500. we are now essentially at the highs for the day. straight up in the last 20 or 25 minutes. the markets have other problems keeping it down. fundamental issues oil has been a problem we're knocking on the door at 60 d bank stocks have been behaving well we saw a number of these regionals at 52-week highs it's down a little here. down 1%. all the banks are down as the ten-year yields have moved to the downside we have had technology as a market leader. here's hewlett-packard nae some of the other major tech stocks three events the traders are watching number one, we want more details on what's going on on the tariffs and how much it will hurt growth prospects. we haven't gotten models on that we want to know about the wage inflation, is it more moderate than january and the fed, march 21st, three or four rate hikes three big issues on board for traders in the next week or so back to y

the rest iss from canada, europe, japan, south korea. those are the countries to have trade restricted. it's that simple. >> the president was asked as far as the trade war is concerned i will play his response. >> when we are behind in every single country do you understand what i mean? with 60 billion in 100 billion the trade war hurts them, not us t-3 unfortunately trade wars are bad. nobody wins from the trade war yesl some steel companies could benefit but there are tremendous cost to the economy and innocent bystanders will be hit so you are a farmer of soybeans and cannot sell to china you will suffer. if you make bluejeans or a cranberry farmer you are caught up in this you will not benefit at all from steel or aluminum tariffs now you are hurt as well. i disagree in that respect there are no winners. >>host: independent line from arkansas. >> caller: thanks for taking my call. two comments. first, i agree as soon as you he is the tariffs on steel they will raise prices by 22%. i guarantee so all the money for the military you wi

canada's interests canadian jobs mexican they go shitters are into pressure to stand up to trump as well but their want to avoid alienating a major trading partner a possible sticking point aside from the automobile issues access to mexico's energy market canada in mexico's exemption from american steel and a minion tariffs are likely to give trump thing go shaders leverage in the next round of talks. water everyone needs it but is it safe and you studies claiming that bottled water can contain micro plastics the health implications are largely unknown but just to get an idea of the scale of this issue ten years ago the world drank two hundred twelve billion riches of bottled water the latest figures show that number has nearly doubled and the biggest market is china last year consumers there spent thirty seven billion dollars on bottled water the united states was next with twenty three billion dollars and in third place was mexico and it's a global business with many players the french company down norna has the largest share it's followed by coca-cola and the swiss food giant nes

canada for the us and for mexico and we're working very hard to do that but we continue to stand up for canada's interests canadian jobs mexican negotiators are in the pressure to stand up to trump as well but that want to invite alienating a major trading partner got a possible sticking point aside from the out i'm a village choose access to mexico's energy market canada and mexico is exemption from american steel and a million tariffs are likely to give trans thing go shaders leverage in the next round of talks. now we must talk about water everyone needs it but increasingly this is how people are getting it in plastic bottles which is silly at least for us in the industrialized industrialized west where water of high quality comes from the tap nearly for free but a new study is claiming that bottled water can contain micro plastics the health implications are largely unknown but just to get an idea of the scale of the issue ten years ago the world drank two hundred twelve billion liters of bottled water and the latest figures show that number of has nearly doubled to three hundre

canada manufactures 16% of all u.s.teel imports and 43% of all aluminum imports the response here has been swift and firm prime minister justin trudeau saying earlier today, calling these tariffs absolutely unacceptable and canada's foreign minister saying that scan da would take responsive measures guys, the threat here isn't just the impact of these tariffs, but of potentially a larger trade war. so, the government and the industry, they continue to push for an exemption, which for a while last year seemed very much on the table but there's been some uncertainty surrounding that in recent months as tensions have risen over nafta negotiations. even some arguing for these exemptions warn that may be a lose/lose situation because even if canada is exempt, that may make canada a more attractive place to dump their steel. >> do they feel they've been purposefully targeted by president trump or getting hit in the cross-fire, hit much harder than other countries? >> reporter: i don't know they're being hit harder but being g

even though canada doesn't.at he did last night at this fund-raiser according to a source in the room who confirmed it to cnn, was he acknowledged he had actually no idea at the time. this is what he said. i didn't even know, i had no idea. i just said you're wrong. you know why? because we're so stupid. and i thought they were smart. i said, you're wrong, justin. he said, nope, we have no trade deficit. i said, well, in that case i feel differently. i said, but i don't believe it. i send one of our guys out, his guy, my guy, they went out. i said check because i can't believe it. the president clearly, even after he had been confronted by trudeau over this issue, believed he was right even though his own trade representative office says that canada has a trade surplus with us. he also went further and talked about the relationship with south korea and japan. he criticized them on trade which he's been doing publicly. he suggested that our trade relationship and our military relationship could be linked. this is

you can see canada is the largest number of steel exports, mexico is 9%. aluminum in canada more than triples the amount in any other country. jim is watching this closely. jim, with the president's latest nafta comments, does it make it sound like the entire steel and aluminum tariff threat was a ploy to force canada and mexico to give in on nafta renegotiations? >> i'm not sure it does, wolf, but if it is a ploy, it's a bad one. the president has taken a very broad policy here. it applies, the white house is telling us, to every country in the world. if you're going to do that just to squeeze mexico and canada, that would tend not to be a very well tailored plan. on the flip side, they've been very critical of these tariffs so this could be the president lashing back at them saying, hey, you want to criticize my tariffs, fine. unless you give in on the nafta agreements, we're not going to change this tariff which you don't like. >> we've heard a lot on the increase of tariffs, not just from a bunch of democrats but top republican leaders, including the s

ambassador to canada under president barack obama.mbassador, prime minister trudeau was on our air earlier and he sounded surprisingly upbeat about the likelihood that any tariffs would ever be imposed on canada and also on the future of nafta. what was your take and were you encouraged >> well, i'm very encouraged i'm glad to see that they were excluded because this never should have been debated in the u.s. or anywhere else, for that matter canada is our best friend. it's our greatest ally and i think our best trading partner at 6$630 billion we have a $12 billion surplus with canada in goods and serviceses i think as canada has done a good job explaining this to members of congress, we've had the business community come out. i think across the united states there have been a great groundswell of support for canada which caused this exclusion to come into place. >> ambassador, we had a guest from a canadian steel company on a week or so ago and when i asked him the issue of trying to use countries like canada to jump, he said, yeah,

prime minister trudeau of canada, a very good guy, doesn't like saying that canada has a surplus with the u.s. we're negotiating. that's a reference to nafta. but they do. they almost all do. and that's how i know.

now, canada is an ally, canada is someone we have very good relationships with, and a normal basis. but if you're the rest of the world looking at this, you don't know if you're dealing with an honest broker. and that is a problem. particularly let's talk about north korea. country the united states does not have good relations with and the president is supposed to meet. one would hope he prepares a little bit more for that one, but it certainly is disconcerting to hear this and the president bragging about it too at a fund-raiser. >> the united states does not have troops in south korea. i suppose he can say that. that would be similar to saying that the united states has a trade deficit with canada. scott jennings, look, you know, there is the international implication of this, and then there is going out this morning with this statement to the american people, to the world, that is just not true. one of the things jackie said at the beginning is we have come to expect this, but that can't be the answer here. the answer can't just be it is okay to make stuff up. >> yeah, cannot be

we're negotiating with canada. and the nafta.ether or not we reach a deal, also very much involved with that is national defense. but if we reach a deal, it's most likely we won't be charging those twocountries the tariffs we have other countries that are very much involved with us on trade but also on military and working together with military and we'll be making a decision as to who they are we have a very close relationship with australia. we have a trade surplus with australia. great tr

canada and mexico seem opposed to that.pecific issues like telecom, energy and other things we're going to learn about what the top negotiators think about this they're going to give statements and take questions from the press. we'll see just how this steel and aluminum tariff issue folds into the already complicated issues of rethinking nafta guys >> steve, thank you very much. steve liesman for us in mexico city. >>> when we come back, the big winners from the academy awards including who took home a special prize for the shortest speech and a programming note for you, tomorrow right here on "squawk box," dallas fed president rob kaplan will join us at 8:00 m.a. eastern. you are watching "squawk box" here on cnbc >>> big winner at last night's 90th academy awards "the shape of water" winning a prize for best picture francis mcdorman won for her performance in "three billboards." i saw "the florida project." i saw "lady bird." i've seen them all yeah check out this moment. host imy kimmel announced that a jet ski would be

states ce from canada.us. the european union is furious. a trade war is the big concern now. >> south korea is 10% of our imports. we need their help on other issues, too. that's the huge issue rattling the markets, what comes next we can control things we put out, but we can't control the response >> markets hate uncertainty. i covered a lot of trade negotiations during the bush, obama and now trump administration the way tariffs tend to be announced is not the president saying the top line number in a meeting in front of television cameras. there's tons of background information and the exceptions the department of defense said these tariffs may be okay if they make allowances for military purchases we don't know any of that yet. the uncertainty around that is driving the market turmoil >> i wanted your thought on this, the story yesterday about jared kushner and his relationship with the banks. is that reverberating in any way now? >> part of the same story we've been seeing in the trump administration f

despite those stumbling blocks, canada believes a deal can be reached. >> canada knows that there isin, win, win outcome regarding nafta for the u.s. and canada and mexico. we are working very hard to do that. will we continue to stand up for canada interests, canadian jobs? >> mexican officials are under pressure to stand up to trump as well, but are unwilling to alienate a major trading partner. another sticking trading point, aside from automotive issues, is canada's exemption from -- are border issues. >> you wilunilver will abandon london and make rotterdam its new home. unilever says the choice after 88 years of two parent companies was to make it more focused. the maker of ben & jerry's ice cream launched a review of its dual headed structure in 2017 after fighting off a takeover from craft. the move simplify the company's structure and helped enable takeover deals. back to brent now, and tensions are running high and rio de janeiro. brent: that is exactly right. in rio de janeiro they are protesting in the streets after a murder. mario franco was a highly regarded local polit

canada leads the way.a is not an enemy of the united states but canada happens to be one in negotiations with us or will be soon in negotiations with us. >> right. trish: as it pertains to nafta. do you think this is in part what this is all about? >> well i sort of agree with arthur laffer again in that very often president trump make as decision, you realize how long it is, it turns out to be right. this could be part of the deal. president trump using this for negotiating leverage, as you say, canada is such a large supplier of aluminum to the u.s. canada and u.s. are intertwined. threatening to raise tariffs this could well be a negotiating tactic by president trump, but again i can't always follow the way he does things but in the end they usually turn out right. trish: funny how that works. congressman, china, you know, they told us they were going to follow along with the sanctions on north korea. they didn't bother to do so. we have video of them trading still with the north koreans. is this a way

>> we have made a case for investing in canada, a lot of investors realize canada is a good place tonvest for the long-term. we have a long-term stability and the economy, politics, on social, on immigration that is very attractive. diversity on all search of things. there are a couple of people saying what is going to happen with nafta but i am confident we will get to the right place on nafta. there is an eminently achievable win-win-win out of nafta and we will get there. >> you talked to the president of the u.s. and several times, his new economic adviser larry kudlow was on television saying you were on the phone with the president making concessions hand over fist. is that correct and what did you give him? >> canadians now i have been consistent in standing up for canadian interests. that is what they elected me to do and that is exactly what i am doing. >> canadians now i have been we are getting the exemption on steel and aluminum. we are standing up for ourselves at the nafta table because we know they are getting a good -- getting a good deal for canada means a good deal

these holdouts that are giving to canada and mexico.gn up to a good nafta agreement in the u.s. mario draghi, will he hold steady and will he talk about the prospect of trade wars and what that might have anna broader perspective for the work. for the moment, the world perceives these are clawbacks and something to be positive about. japanese gdp coming in that is in the market had anticipated. you have equity markets rising. will it be persistent and patient, that is the message from the market that they want to see. you have a little bit of a cold in terms of the oil market. asian stocks have put in a rally . we are picking up that dovetail. the risk's look at radar. we are seeing positivity in the asian session. recovery and some of around gary cohn's departure faded. we saw that happening. this is being picked up globally. reaction.f will this impact on markets equally, will they move in sync or will they diversion around the trade seems. we are up. euro-dollar losing ground. i went through that disappointing data and that has had a

security since what you're doing is really in aiding some of your tightest allies like canada mexico and of course the european union and when it comes to the european union some interesting facts here they're talking about striking back hitting three of my favorite things jeans bourbon and harley davidson motorcycle so they're saying they've put my put tariffs up on that as well as hits g.o.p. states specifically in the united states of america and if you can say interference that sounds like interference to me but that's the way the game is played and with the game is played that way i think everybody loses in the end yeah those like you say those are it is interference because the bourbon most of it kentucky bourbon is in. mitch mcconnell the senate majority leader member of president party republicans all all in kentucky the bourbon and then the harley davidsons made they're made a couple places but their headquarters and their one of the big factories in wisconsin that's a speaker of the house also republican paul ryan so you're absolutely right but even just internally alex. yo

mexico on drugs and canada on agriculture.n't strip off the tower if's on steel and aluminum unless he gets what he wants from nafta. meanwhile, eu plans to retaliate. bourbon, levi's, harley davidson motorcycles. they're targeting kentucky, home state of senate majority leader mitch mcconnell and wisconsin, paul ryan and harley davidson. if the eu follows through, president trump threaten to tax european cars. european automakers employ tens of thousands of workers in the u.s. alabama, south carolina, and texas and even u.s. carmakers could be hurt by these tariffs. they import lots of steel and aluminum. wilbur ross downplays that price hike. for 25% steel tariff on a $35,000 car, you pay 175 bucks more. he calls that no big deal. consider this, $175 is nearly 20% of that supposed 1,000 doctors tax cut the administration claims most americans will get from the new tax bill. will these trade policies start to chip away? >> that's a fair point. what is the retaliation. what is the cost of other goods. >> exactly. >> thank you

i think there's a lot of teeth because i mean when you have economies us important it's japan and canada that was strangely. new zealand and so many others that are involved you have really very important countries involved and when you have even countries like mexico that is the eighth economy in the world i mean we're talking about very powerful countries. she. is also very active globally i mean we have. you know one hundred. thirty billion dollars in exports last year so. we are significant countries and we put enough teeth we would like the united states to have stayed by they took the sovereign decision under president trump to withdraw some say in fact that by withdrawing from this agreement from the g g p the united states is related to turning point in its global leadership which some would say lack of global leadership would you agree well it's it's not what would happen one would have expected from republicans. ministration that in the past used to be always pro global trade in but times have changed. and perhaps. globalise asian has not. proven. to be beneficial to everyone b

canada and mexico are takers in the intellectual property.ose people are not surprised about that with respect to mexico, but it is with respect to canada tha but has third word intellectual property and getting them to accept the first world is not easy. however, the speed with which we close back to nafta still wouldn't have been passed without will not have any effect on where we come out of this. it is a very important issue. i believe there are forces in canada who at some point have to become a fully developed country on this issue because they had a wealth of potential so there are people that should be on this side of the issue, but i can't give assurances in the position that we would want to have a strong protection of intellectual property we think is not only important for the united states but all these other countries it is in their interest to do it. >> host: >> this is one of them that might be saved for the west but can you show me the provisions to start with but technically free trade agreements that will not be negotiated

we have a problem in canada and our government has to be tough as well. >> before we go -- >> canada supported -- yeah? >> would you change your manufacturing portfolio if these tariffs go into place? in other words, would you place more emphasis on the u.s. plants that you have right now? >> oumver time that was our intention anyway i don't think we'd have an immediate reaction but no question we see growth in the united states. certainly, if these tariffs were ineffective, it could speed up the process, i suppose we love the u.s. we've been doing business with the u.s. for 40 years. we hope nothing changes. the growth down there, our investments in the u.s. and our investments in canada. >> does it mean potential job losses in canada and in mexico for your company >> well, mexico we're basically shipping to mexico we're not shipping any steel from mexico to the u.s in fact, the case in mexicois they import more u.s. steel than they export to the u.s so, there's a bit of a trade imbalance. the problem in mexico is probably all the manufacturing taking place there. >> finally, scott,

mexico and canada for now going to be safe.using this way to negotiate out of these tariffs through concessions they can make to the u.s.. the president is going to sign these tariffs into law, 15 days before they affect various countries to negotiate with the u.s. and get these tariffs taken off. it is not clear whether they would do that or try to retaliate. scarlet: we are seeing reaction in markets with theex peso strengthening in response to this, the canadian dollar getting stronger as well. we will get a formal declaration of this in 30 minutes. peter navarro mentioned a quota system. explain what that means. but lot of this is in flux based on what peter navarro said yesterday the white house is looking at a system where countries will get hit with tariffs or they will be restricted under a quota system. mexico andcanada and other countries that are able to negotiate out of tariffs might be hit with quotas, there would be a cap on the amount of steel and aluminum they can import. it is usually based on historical trends

canada is an ally. they are not going to go against us in any national issues. mexico, maybe not so strong, but i think the thing holds. nafta is vital, in my judgment, nafta is absolutely vital to the future national security of the three countries and future country of those three countries. that's a great spot to do a deal take it piece by piece back out the pieces, look at this, look at that, look at the cooperation, look at the steel and car figures, we can do that. i like that. that's -- the national security hook, john, is really important. >> okay. we're out of time, before we go, larry, have you heard who might replace gary >> just asking >> just bond ewondering. any names thrown out >> i don't know. i'm so busy working cnbc today, the network i love, and hope to be here, i just -- i don't -- i missed the papers today. i didn't hear any mentions i'm just here. >> as the phone rung as the phone rings >> turn it off when you're on tv, though >> thank you, larry. >> thank you >> thanks, john, see you later >> you bet >> appreciate it >>> 39 -- i guess, do

now there's a lot here at stake for both canada and the u.s. canada manufactures 16% of all u.s.teel imports and 43% of aluminum imports meanwhile, canada is the largest market for american goods. so american industries would suffer if this does turn into an all out trade war. the most vulnerable ones being the industry that's turn out the most exports to canada that includes things like automobiles, auto parts, machinery like semiconductors as well as agriculture products back to you. >> all right thank you. >>> coming up, netflix disrupting the oscars this year. receiving eight oscar nominations ahead of sunday's academy awards what the streaming services nods mean for hollywood and the film industry next. the dow is down about 374 pots inwe'll be right back. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum -- just to help you improve your skills. boom! th

states the comprehensive and progressive trans-pacific partnership or t p p eleven for short includes canada mexico japan malaysia australia peru new zealand chile who are now i singapore and vietnam deal to dramatically lower tariffs and trade barriers together they cover five hundred million people in the most dynamic region of the world economy more than thirteen percent of global g.d.p. worth more than ten trillion dollars with the us it would have been forty percent but that is already attracting potential new members like south korea indonesia the philippines thailand possibly even the u.k. post breaks it a free trade deal once viewed by washington and japan as a counterweight to china's growing economic my. is now being hailed as an antidote to u.s. protectionism talked to al jazeera set down in santiago with the signatures of the world's mulish trade bloc. we start with the host outgoing foreign minister foreign minister and i don't when you're stuck you so much for talking to i just i'd like to start by asking you how significant is the timing of this agreement i think it is very ti

agreement with japan and more than one thousand products are going to be increasing to to japan to canada to malaysia to vietnam to several countries we include new. us like. bible purchases and there's also the element of creating this global change the value by changing the roof of origin for example a product coming from one of the other think on trees will be considerate a national import that way one can re. process and elaborate other products and send them to the other thing countries and so that the production chains of it begin to be linked and that is very positive so. where very optimistic so in some ways especially for smaller countries this new deal is better without the united states and with united states that had imposed some very very strict condition without the united states and with united states that had imposed some very very strict conditions particularly on the pharmaceutical industry while the patients that were made precisely where enabled because the united states left they had. asked for certain conditions that. did not accommodate fully some countries chile wa

tothis round, i want the u.s.,te teams of canada and mexico. national line if this round were this since with what the ambassador just said. as we get closer to the end, the to starts allowing us closing our differences. the three close chapters -- is this the one good regulatory practice. logical,are it is not but if we are doing things together, we are breaking regulations of different time -- types of procedures. -- it creates a north american andter two monitor subsidized good practices. share with our friends in the united states, toarly all the information onrantee information affect any that topic we trying to cover. ,side from guaranteed certainty based on science, this is great progress. -- the truth is that this is a weat improvement in which now have enough indeed to others the list that i shared , this is the closing believe we can cover both. it guarantees free competition. there is just one obstacle. chapterst using another and we finally have the necessary the able to subsidize that are are chapters not ignoring the fundamental p

canada for the u.s. and for mexico and we're working very hard to do that but we continue to stand up for canada's interests canadian jobs mexican negotiators are under pressure to stand up to trump as well but they want to avoid alienating a major trading partner a possible sticking point aside from the automobile issues access to mexico's energy market canada and mexico as exception from american steel and aluminum tariffs are likely to give trump thing go shaders leverage in the next round of talks. anglo dutch consumer products juggernaut unit lever will abandon its london corporate headquarters and make rotterdam its sole legal home the move is a blow to u.k. prime minister teresa mayes government a year out from that you never said the choice to end eighty eight years with two parent companies one in the netherlands and one in britain was to make it more agile and focused the maker of dove soap and ben and jerry's ice cream launched a review of its dual headed structure and twenty seventeen after i

ourh is going to enable canada project off of western canada which is still in the planning stages. our actual growth focus would be on liquids, through swaps or through advantage priced type acquisitions. >> would that be bhp? assetsnature of the bhp is something that would be attractive for us but there are lots of those opportunities in the canada portfolio to expand from where we are. >> your growth profile, what is the one disruptor for that? what would make us not get to that goal is the same thing that is going to limit industry, that is managing the license to operate. we've got to continue as an industry to manage the license to operate. societal acceptance andoing to govern the u.s. taking full advantage of the shale opportunity. scarlet: it is now time for our stock of the hour. gas -- our stock is dollar tree. results not so great. >> it was a modest miss but the sale did come in lower then the estimate. the bigger concern, guidance is less than what was expected. the range well below that. they had unexpected freight and wage costs. they are taking tax overhaul savings

canada and mexico discussed the u.s. president's proposed tariffs on steel and imports. former russian spies critically ill in hospital in england sixty six year old surrogate scrip hour and a woman in their thirty's are in intensive care after being exposed to an unknown substance they were found on conscious on a bench at a shopping center in the city of solsbury script has been living in the u.k. since two thousand and ten when he was freed from a russian jail in a spy swap deal. this has not been declared as a counter terrorism incident and we would urge people not to speculate however i must emphasize that we retain an open mind and we continue to review this position . we have access to a wide range of specialist resources and services that are helping us to understand what we are or aren't dealing with at this time the focus at this moment in trying to establish what has caused these people to become critically ill and we are working with partners to prioritize this diagnosis and ensure that they receive the most appropriate and timely treatment in the locker join

canada is a trading nation.ned trade deals recently with the european union, 500 million people. with the ctpp asian economies, close to 500 million people as well. canada knows how good trade can be for creating growth, and we need to do a better job ensuring that everyone gets the benefits from that growth. that is why we are being thoughtful and progressive with some of the ways that we are putting forward on labor standards, women's rights, to make sure that the fears people have around globalization are actually allayed by demonstrating that that growth can benefit everyone. >> another day, another duty. this time, the u.s. puts tariffs on canadian newsprint. what does donald trump have against canada? he campaigned against mexico, but he is governing, it seems, against canada. >> i think one of the things is canada is so present in so many different areas of the american economy in positive ways. the u.s. sells more goods to canada every year than it does to china, japan, and the u.k. combined. we obviousl

and canada. : we arenister trudeau not going to apply national .ecurity penalties to canada yes, there, but he ended up following through exactly as he said. in terms of commitments he made to me in conversations we had about things that matter, he has been consistent with me. francine: joining us from terrazzo is michael mckee -- toronto is michael mckee. thet conversation with prime minister of canada. it was interesting to get his take on tariffs and trade. what stuck with you in what he was saying? michael: it's obvious the normal diplomatic niceties don't apply to donald trump, but they do apply to justin trudeau and he was very polite in discussing his relationship with the leader of the united states. clearly, he has a tough job. as the washington post pointed out, donald trump is admitting he's making up a lot of facts and figures. it's hard to trudeau to have a firm base and footing. what he's doing now is taking down trump at face value, but also saying i'm not making any concessions to that effect -- concessions and stories to that effect are wrong. polite and firm is the wa