President Announces Canada Trade Deal and Tariff Changes

Mr. President, today is about American production.

Can you give us any update on your negotiations with Canada for a trade deal?

Yeah, we had a very good conversation with the prime minister last night, and we've come to a deal with Canada.

As you know, the 50% tariffs across the board were going on against Car- Canada today, and they called yesterday and they, uh, gave us the points that we had to have.

Very fair deal for both. Uh, the, uh, tariffs will be nonexistent for our farmers.

Our farmers were paying tremendous tariffs into Canada, and those, uh, tariffs are gonna be totally eviscerated, down to zero.

Is the US going to lower tariffs on Canadian autos for a while?

I know that- Uh, we're doing certain things. We're giving...

Gotta give something, and we're doing certain things.

They were paying a high number. We're reducing it a little bit.

It's good for everybody. But our farmers are gonna be thrilled.

Our manufacturers are gonna be thrilled.

And, uh, basically we have no tariffs going into Canada anymore. They...

Canada was charging us tremendous tariffs. We no longer have any tariffs.

And what I was able to do is, uh, we put, as you know under the new tariff, uh, I guess you'd call it the new tariff schedules that we came out with, uh, they were gonna get a 50% tariff on everything starting today, and we've held it back three days. I, it's all subject to finalization of documents, so subject to the finalization of

documents, we have a deal with Canada and I think it's a very good deal for both, both parties.

It's great for our farmers. Our farmers will no longer be held up, 'cause they were being hurt very badly by Canada. Yeah.