Read the transcript of Carney and Trump’s Oval Office meeting

Prime Minister Mark Carney met U.S. President Donald Trump in the White House on Tuesday, and both leaders took questions from reporters in the Oval Office after making opening remarks.

The conversation touched on trade, security and Trump’s constant threat of making Canada the 51st American state. Here’s a transcript of their press conference:

DONALD TRUMP: Thank you very much, everybody. It’s a great honour to have Prime Minister Mark Carney with us. As you know, just a few days ago, he won a very big election in Canada. I think I was probably the greatest thing that happened to him. But I can’t say that. His party was losing by a lot and he ended up winning. So I really want to congratulate him. It was probably one of the greatest comebacks in the history of politics. Maybe even greater than mine. But I want to just congratulate you, it was a great election, actually.

We were watching it with interest, and I think Canada chose a very talented person, a very good person. And we spoke before the election quite a few times. And it’s an honour to have you at the White House in the Oval Office.

You see the new and improved Oval Office as it becomes more and more beautiful with love. We handle it with great love and 24 carat gold. That always helps too. But it’s been a lot of fun going over some of the beautiful pictures that were stored in the vaults that were for many, many years, in some cases over 100 years, stored in vaults of the great presidents or almost great presidents or all having a reason for being up every one of them. So it’s very interesting, but I just want to congratulate you. And you ran a really great race. I watched the debate. I thought you were excellent. And I think we have a lot of things in common. We have some tough, tough points to go over, and that’ll be fine. We’re going to also be discussing Ukraine-Russia, the war, because Mark wants it ended as quickly as I do. I think it has to end.

We had some very good news last night. The Houthis have announced that they are not or they’ve been announced to us, at least, that they don’t want to fight anymore. They just don’t want to fight. And, we will honor that. And we will stop the bombings. And they have capitulated. But more importantly, we will take their word. They say they will not be blowing up ships anymore. And that’s what the purpose of what we were doing.

So that’s just news. We just found out about that. So, I think that’s very, very positive. They were knocking out a lot of ships sailing beautifully down the various seas. It wasn’t just a canal. It was a lot of other places. And I will accept their word. And we are going to stop the bombing of the Houthis effective immediately. And, Marco, you’ll let everybody know that. OK. Do you have something to say about that? By the way? A pretty big announcement. 

MARCO RUBIO: This was always a freedom of navigation mission. These guys are a band of individuals with advanced weaponry that were threatening global shipping. And the job was to get that to stop. And if it’s going to stop and then can stop it and I think it’s an important development. 

TRUMP: We’ll have maybe before we’re going to, as you know, the Middle East and Saudi Arabia, we’ll go into UAE and Qatar, and that’ll be, I guess, Monday night some of you are coming with us. I think before then, we’re going to have a very, very big announcement to make, like, as big as it gets. And I won’t tell you on what, but it’s going to… and it’s very positive. I’d tell you if it was negative or positive. It is really, really positive. And that announcement will be made either Thursday or Friday or Monday before we leave. But it’ll be one of the most important announcements that have been made in many years about a certain subject, very important subject. So you’ll all be here. Mark, would you like to say a few words?

MARK CARNEY: Thank you, Mr. President. I’m on the edge of my seat, actually. But thank you for your hospitality and above all for your leadership. You’re a transformational president with a focus on the economy with a relentless focus on the American worker, securing your borders, ending the scourge of fentanyl and other opioids. And securing the world. And I’ve been elected, with my colleagues here — with the help of my colleagues here, I’m going to spread the credit — to transform Canada with a similar focus on the economy, securing our borders, again on fentanyl, much greater focus on defense and security, securing the Arctic and developing the Arctic. You know, the history of Canada and the U.S. is we’re stronger when we work together. And there’s many opportunities to work together. And I look forward to, you know, addressing some of those issues that we have, but also, finding those areas of mutual cooperation so we can go. 

TRUMP: That’s great. Very nice. Thank you very much. Very nice day. 

REPORTER: Mr. President, is the USMCA dead?

TRUMP: No. It was actually very effective, and it’s still very effective, but people have to follow it. So, you know, that’s been a problem. People haven’t followed it, but it was a transitional step a little bit. And, as you know, it terminates fairly shortly. It gets renegotiated very shortly.

But I thought it was a very positive step from NAFTA. NAFTA was the worst trade deal in the history of our country, probably in the history of the world. And this was a transitional deal. And we’ll see what happens. You know, we’re going to be … starting to possibly renegotiate that if it’s even necessary.

I don’t know that it’s necessary anymore, but it served a very good purpose. And the biggest purpose it served as we got rid of NAFTA. NAFTA was a very unfair deal for the United States. Very, very terrible deal. Should have never been made. Was made many years ago, but it should have never been made.

REPORTER: Would you like to see a trade deal with Canada?

TRUMP: I would love that. Look, I have a lot of respect for this man (Carney). And I watched him come up through the ranks, when he wasn’t given much of a chance. And he did it. He ran a really great campaign.

He did a really great debate. I think that debate was very helpful. I was going to raise my hand. I don’t know if that’s good or bad. I shouldn’t say that, but that might hurt you. But no, he ran a really great election, I thought. And yeah, something could happen. Something could happen. 

REPORTER: What’s the top concession you want out of Canada?

TRUMP: Concession? Friendship.

REPORTER: But that’s not a concession.

TRUMP: We’re going to be friends with Canada. Regardless of anything. We’re going to be friends with Canada. Canada is a very special place to me, I know so many people that live in Canada. My parents had relatives that lived in Canada, my mother in particular, and now I love Canada.

I have a lot of respect for the Canadians. Wayne Gretzky, I mean, how good is the Great One. You happen to have a very, very good hockey player right here on the Capitals. He is a big, tough cookie, too. He just broke the record. And he’s a great guy. And, you know, we had the team here, and I got to know a lot of the players, but now Canada’s a very special place.




Click to play video: Trump says U.S. to halt Yemen bombing campaign because Houthis ‘don’t want to fight anymore’

REPORTER: Mr. President, you have said that Canada should be the 51st state. Do you still believe that?

TRUMP: No, no. Well, I still believe that, but it takes two to tango, right? I believe it would be a massive tax cut for the Canadian citizens. You get free military, you get tremendous medical cares and other things. In there would be a lot of advantages, but it would be it would be a massive tax cut.

And it’s also a beautiful… You know, as a real estate developer… You know, I’m a real estate developer at heart. When you get rid of that artificially drawn line… somebody drew that line many years ago with like a ruler, just a straight line right across the top of the country. When you look at that beautiful formation, when it’s together… I’m a very artistic person. But when I looked at that beauty, I said, that’s the way it was meant to be.

I do feel it’s much better for Canada, but we’re not going to be discussing that unless somebody wants to discuss it. I think that there are tremendous benefits to the Canadian citizens. Tremendously lower taxes, free military, which, honestly, we give you essentially anyway because we’re protecting Canada if you ever had a problem. It would really be a wonderful marriage because it’s two places they get along very well. They like each other a lot. 

CARNEY: Well, if I may. As you know from real estate, there are some places that are never for sale. 

TRUMP: That’s true. 

CARNEY: We’re sitting in one right now. You know, Buckingham Palace that you visited as well. 

TRUMP: That’s true.

CARNEY: And having met with the owners of Canada over the course of the campaign last several months, it’s not for sale. Won’t be for sale, ever. But the opportunity is in the partnership and what we can build together. And we have done that in the past.

And part of that, as the president just said, is with respect to our own security. My government is committed for a step change in our investment in Canadian security and our partnership. And I’ll say this as well, that the president has revitalized international security, revitalized NATO, and has us playing our full weight, in NATO. And that will be part. 

TRUMP: And they have. They have. I must say, Canada is stepping up the military participation. Because Mark, you know, they were low and now they’re stepping it up. And that’s a very important thing. But never say never, never say never.

REPORTER: What will it take to get the tariffs off of Canada?

TRUMP: Well, we’ll be talking about different things. You know, we want to protect our automobile business, and so does Mark. But we want to protect… We want to make the automobiles. And we want to, you know, we have a tremendous abundance of energy, more than any country. We have, just in Alaska alone… and more has been reopened now.  And that’s probably the largest find anywhere in the world. They say it’s larger than Saudi Arabia. I don’t know, but it’s a lot.

But we have tremendous amounts of energy. Other countries don’t. We’re both lucky in that way. They have energy. We have energy. We have more than we can ever use. And more than we could ever sell, actually. And you have the same thing. So we’re two countries that are very lucky. If you look at China, they don’t have that. You know, it’s a big disadvantage. The other countries, most countries don’t have, you know, most countries don’t have that. So, Canada and us, we have a a lot of advantages over other places. 

REPORTER: Mr. President, when you consider what Mr. Carney just said, that Canada is not for sale, does this make the discussion a little more difficult to start off? 

TRUMP: No, not at all. No, not at all. Time will tell. It’s only time. But I say never say never. I’ve had many, many things that were not doable, and they ended up being doable and only doable in a very friendly way.

But if it’s to everybody’s benefit… you know, Canada loves us and we love Canada. That’s I think the number one thing that’s important. But we’ll see. I mean, over time we’ll see what happens.




Click to play video: Carney tells Trump Canada is “never for sale” during White House meeting

REPORTER: Secretary Bessant said there were negotiations with China. You have said something different.

TRUMP: They want to meet. And they’re doing no business right now. And those ships are turning around in the Pacific Ocean. Big turn. Those are big ships. Those ships take about ten miles to turn. And, you know, we lost $1 trillion to China on trade because of an incompetent president that we had who preceded me. Grossly incompetent. You you’re finding it out more and more now. And by not trading, we’re losing nothing. So we’re saving $1 trillion. It’s a lot. But they want to negotiate, and they want to have a meeting. And we’ll we’ll we’ll be meeting with them at the right time.

REPORTER: *audio unclear*

TRUMP: I have not met with him. Of course you would know if I met. I tell you they want to meet. Look, they’re suffering greatly. Their economy is suffering greatly because they’re not doing trade with the U.S. And they made most of their money off the U.S. Don’t kid yourself. They don’t make the money of other countries like this. And we had a trade imbalance. We had a deficit or they had a surplus, another way of saying it, of more than $1 trillion. Think of it. More than $1 trillion. And because of 145 per cent that’s the only reason. But because of that, they have now 145 per cent there. There’s no trading. You can’t trade with 145 per cent. We are, therefore, making it in a certain way, I guess, $1.1 trillion. In other words, we’re not losing $1.1 trillion.

The deficit is much better. When I, started, I say we were losing billions of dollars a day on trade. That’s rapidly turning around. We looked at numbers this morning. The United States during Biden was losing more than, I won’t even give you a numbers because they’re so embarrassing, but billions of dollars a day on trade. Those numbers are rapidly turning between the tariffs. So forget we’re now getting 25 per cent on cars, 25 per cent on aluminum, 25 per cent on steel, and maybe more importantly, massive numbers of companies are moving into the United States.

Honda, we have tremendous… The car companies are moving in at levels we’ve never seen before. The biggest investment ever made in the United States is being made right now. Trillions of dollars. I would say we could be at $9 trillion. You could go back to other presidents. They haven’t had $1 trillion for their entire term. Look at Biden. He had bad numbers. People leaving. They weren’t coming in. They were leaving with Biden and he didn’t know the difference.

The only thing he knew is people coming in. You know who they were? Illegal immigrants, OK. From prisons, from mental institutions, from all sorts of places that weren’t good, from gangs, from Venezuela. They were coming in and they were criminals and murderers. 11,888 people that murdered and at least half of them murdered more than one person. This is what Biden let into our country. I’m bringing in big companies.

Apple is investing $500 billion. We have, Jensen, as you know, is going to be… biggest chip maker or chip thinker, I call them. He’s really a thinker more than a maker. But we also have the maker Mr. Wei. I get to know them all. And the last it was a cram course. But they’re all moving into America because of the tariffs. And I don’t think people have appreciated it. Some people do. Some of the smart people do.

So we have more money coming in. It’s really an amazing thing. We have more money being invested in the United States now than at any time ever before in our history. And it’s not even close. And I think the real number could be $9-10 trillion. We don’t know everybody that’s doing it. We have many. I just heard about a plant that’s being built right now. Very, very top-of-the-line company. And they didn’t come to the White House.

They’re just doing it because they’re making it, because if they build here, there are no tariffs. And this is the big market. This is the market that sets us apart from… This is the market where everyone wants to be. Now, if I didn’t come here and do this all of a sudden, we wouldn’t be the market where everyone wants to be. So we’re able to do it in time. But we’re going to have a great announcement. And I’m not necessarily saying it’s on trade. Going to the beginning, we’re going to have a great announcement over the next few days. An announcement that will be so incredible, so positive and I’m not saying… I don’t want you to think it’s necessarily on trade.

Just to finish, we also have a situation because everyone says when, when, when are you going to sign deals? We don’t have to sign deals. We could sign 25 deals right now, Howard, if we want it. We don’t have to sign a deal. They have to sign deals with us. They want a piece of our market. We don’t want a piece of their market. We don’t care about their market. They want a piece of our market. So we can just sit down, and I’ll do this at some point over the next two weeks, and I’ll sit with Howard and Scott and with with our great vice president, who has done a really good job.

We have some good news to report and a lot of fronts, but JD will be there, and Marco and we’re going to sit down and we’re going to put very fair numbers down and we’re going to say, here’s what this country, what we want and congratulations, we have a deal. And they’re either say great and they’ll start shopping or they’ll say, not good. We’re not going to do that. That’s OK. You don’t have to shop. Now, we may think, well, they have a right, that maybe we were a little bit wrong. So we’ll adjust it.

And then you people say, oh, it’s so chaotic. No, we’re flexible, but we’ll sit down and will at some point in some in some cases will sign somebody else. It’s much less important than when I’m talking about. For the most part, we’re just going to put down a number and say, this is what you’re going to pay to shop, and it’s going to be a very fair number. It’ll be a low number. We’re not looking to hurt countries. We want to help countries. We want to be friendly with countries.

But you keep writing about deals, deals. When are we going to sign? It’s very simple. We’re going to say, in some cases we want you to open up your country. In some cases, we want you to drop your tariffs. I mean, India as an example, has one of the highest tariffs in the world. We’re not going to put up with that. And they’ve agreed already to drop it. They’ll drop it to nothing. They’ve already agreed they would have never done that for anybody else but me.

So, we’re going to put down some numbers that we’re going to say our country is open for business and they’re going to come in and they’re going to pay for the privilege of being able to shop in the United States of America. It’s very simple. It’s very simple. So I wish they’d stop asking, ‘How many deals are you signing this week?’ Because one day we’ll come and we’ll give you 100 deals, and they don’t have to sign all they have to do is say, oh, we’ll start sending our ships right now to pick up whatever we want or to bring whatever we want. It’s very, very simple. And I think my people haven’t made it clear.

We will sign some deals, but much bigger than that is we’re going to put down the price that people are going to have to pay to shop in the United States. Think of us as a super luxury store, a store that has the goods. You’re going to come and you’re going to pay a price, and we’re going to give you a very good price. We’re going to make very good deals. And in some cases we’ll adjust.

But that’s where it is. And, we’ve been ripped off by everybody for 50 years, for 50 years. And we’re just not going to do that anymore. We can’t do that. And we can’t let any country do that to us. We’re just not going to do it anymore.

REPORTER: Can you tell us a bit more about the deal that you’ve reached with the Houthis. 

 TRUMP: No, it’s not a deal. They’ve said, please don’t bomb us anymore, and we’re not going to attack your ships. 




Click to play video: Trump claims ‘governor’ Trudeau said a 25 per cent U.S. tariff on Canada’s auto sector would ‘be the end of Canada’

REPORTER: Where did you hear this?

 TRUMP: Doesn’t matter where I heard it. Very good source. Very, very good source. Would you say, Marco? I would say pretty good, right? JD? A very good source.  They don’t want to be bombed anymore. You know, I sort of thought that would happen. 




Click to play video: ‘You know who I’m talking about:’ Trump takes veiled shot at ‘terrible’ Chrystia Freeland during Carney meeting

REPORTER: Is the U.S. willing to walk away from that pact?

TRUMP: From what pact?

 REPORTER: USMCA

 TRUMP: No, no, it’s fine. It’s there. It’s good. We use it for certain things there. We have the USMCA is a good deal for everybody. I won’t say this about Mark, but I didn’t like his predecessor. I didn’t like a person that worked for him. She was terrible, actually. She was a terrible person. And she really hurt that deal very badly because she tried to take advantage of the deal and she didn’t get away with it. You know what I’m talking about.

But, so, you know, I had, we had a bad relationship having to do with the fact that we disagreed with the way they viewed the deal, and we ended it. You know, we ended that, that relationship pretty much the, USMCA is great for all countries. It’s good for all countries. We do have a negotiation one coming up over the next year or so to adjust it or terminate it. 

CARNEY: I’ll just say, I’ll say a word on USMCA if I may, Mr. President. It is a basis for a broader negotiation. Some things about it are going to have to change. And part of the way you’ve conducted these tariffs has taken advantage of existing aspects of USMCA. So it’s going to have to change. There’s other elements that have come. And that’s part of what we’re going to discuss.




Click to play video: Carney, Trump offer waves, raised fists ahead of White House meeting

REPORTER: During the campaign, Prime Minister Carney talked about the American betrayal. How do you react if Canada decided not to shop in the American store as much as before and it decided to partner with other countries? 

TRUMP: Well, we don’t do much business with Canada from our standpoint. They do a lot of business with us. We’re at like 4 per cent. And usually those things don’t last very long. You know, we have great things, great product, the kind of product we sell, nobody else can sell, including military. Look, we make the best military equipment in the world, and Canada buys our military equipment, which we appreciate, but we make the best military equipment in the world by far. The missiles, the submarines, everything.

Everything we have is really top notch. I rebuilt our military during our last term. Stupidly, we gave some away to Afghanistan, which shouldn’t have happened, but that was, I think it was the most embarrassing moment in the history of our country. It was just a very incompetent people.

But if you look at the man that’s now the head of our Joint Chiefs, he led the attack on ISIS for me. That’s why he’s the head of the Joint Chiefs. And, ‘Raisin Caine’, he was unbelievable. And as you know, we defeated ISIS in three weeks. It was supposed to take five years. We did it in three weeks. And he ran the campaign. I said, I like him, but I knew him before I went. I went to Iraq and we agreed to a plan, and that was the plan. And as you know, we did a record time, so we have the best equipment in the world. We have the best a lot of things. But Canada does a lot more business with us than we do with Canada. 

REPORTER: When do you think the investments, as you’ve said to be trillions, will finally hit economic data this year? 

TRUMP: Oh, it’s hitting right now. Look, they’re already starting AI plants. These are not people that look for financing. That’s a good thing. You know in real estate you get a site. Then you have to look for financing. You have to get your zoning. You know, five years later, you start building, you get a bank, then the bank’s no good. These people have a massive amounts of cash.

The Chips Act was a ridiculous thing because that doesn’t get them to build. All we did his hand very wealthy companies money. The Chips Act that was done by Biden. Billions. We give them billions of dollars. They don’t even have to do anything with it. And then if you weren’t, if you didn’t have, and I don’t want to be a wise guy, but if you didn’t go with the DEI, if you didn’t go with all of the different things, well, if you weren’t woke, you couldn’t even use the money. You had to have a certain percentage of this and that and that and that. It’s impossible. Impossible to have. The people, the companies actually complained to me. They said they gave me all this money, but nobody can get these people to do anything.

I mean, look, President Obama — and if he wanted help, I’d give him help, because I’m a really good builder and I build on time, on budget — he’s building his librarianship cargo. It’s a disaster. And he said something to the effect, ‘I only want DEI. I only want woke.’ He wants woke people to build it. Well, he got woke people, and they have massive cost overruns. The job is stopped. I don’t know, it’s a disaster. And I don’t like that happening because it’s bad for the presidency that a thing like that should happen. He’s got a a library. That’s a disaster. And he wanted to be very politically correct. And he didn’t use good, hard, tough, mean construction workers that I love, Marco. I love those construction workers. But he didn’t want construction workers. He wanted people that, like, never did it before. And so he’s got a disaster in his hands like millions of dollars. Many, many, I mean really many millions of dollars over budget. And I would love to help him with it or somebody else. I could recommend professionals, but it was not built in a professional manner.

By the way, nor was in California. A little train going from San Francisco to Los Angeles that’s being run by Gavin Newsom, the governor of California. Did you ever hear of Gavin Newsom? He has got, that train is the worst cost overrun I’ve ever seen. It’s like totally out of control. So then they said, all right, we won’t go into San Francisco. We’ll stop 25 miles short and we won’t go into Los Angeles, we’ll stop 25 miles short. It’s hundreds of billions of dollars for this stupid project that should have never been built. And then they realized that it would have been a lot less costly if we just gave limousine service back and forth and gave it free, they would have saved hundreds of billions of dollars.

They have airplanes that go there for 1/100th the cost, and they have cars. They have a thing called the highway that goes back and forth. It’s not fully utilized. And they got involved with this project. And Gavin, you know, I always liked Gavin, had a good relationship with him. I just got him a lot of water. You know, I sent in people to open up that water because he refused to do it. And we just got them a lot of what if they would have had that water, if they would have done what I said to do, they wouldn’t have the fires in Los Angeles. Those fires would have been put out very quickly. But if you think about it and you got to take a look at this, it’s the worst cost overrun I’ve ever seen.

I’ve watched a lot of stupid people build a lot of stupid things, but that’s the worst cost overrun I’ve ever seen. What’s happening between San Francisco and Los Angeles? And you want to ask about that because this government is not going to pay. I told our very great new secretary of transportation. He’s doing a good job, Sean Duffy. I said, we’re not going to pay for that thing. They are just it’s out of control. This is something that you don’t have things like this. It it’s not even conceivable. Like 30 times overbudget. Thirty times. It’s the craziest thin. And now it’s hundreds of… It was supposed to be a simple train. And I think the media should take a look at it. And I’d love him to run for president on the other side. You know, I’d love to see that, but I don’t think he’s going to be running because that one project alone… Well, that and the fires and a lot of other things, pretty much put him out of the race.

REPORTER: Mr. President, what changes would you like to see (to) the USMCA? What changes would you like to make? 

 TRUMP: We’re going to work on some subtle changes. Maybe. I don’t even know if we’re going to be dealing with USMCA. We’re dealing more with concepts right now. Look, right now, we’re doing trade. We have trade. They’re, they’re paying a tariff on cars and steel and aluminum.

And I think we have a baseline of 10 per cent or something like that for the tariffs. But we’re, we’re getting along very well right now, going no further. But we have, we have an agreement. We did something with even parts. You want to discuss that, Howard, with respect to Canada, which helps Canada out?

HOWARD LUTNICK: Sure. So we’ve made an arrangement with the car companies that 15 per cent of their USMCA parts are included, and then 15 per cent of foreign parts from the manufactured suggested retail price are not tariff to help domestic manufacturing really thrive.

TRUMP: So it gave them a chance to be able to build their car parts, factories. A lot of these companies already have factories. And what they have to do is just fill them out. But they’re able to build them in the United States. So we gave them a pretty substantial period of time.

REPORTER: Is there anything the Prime Minister can say to you today to change your mind on tariffing Canada?

TRUMP: Tariffing cars?

REPORTER: Tariffing Canada. Is there anything he can say to you in the course of your meetings with them today that would get you to lift tariffs on Canada?

TRUMP: No.

REPORTER: Why not?

TRUMP: Just the way it is.

REPORTER: [With respect to your comments about the] 51st state. If Canadians don’t want it, would you respect that?

TRUMP: Sure, I would, but this is not necessarily a one-day deal. This is over a period of time. They have to make that decision.

CARNEY: If I may, well, respectfully, Canadians’ view on this is not going to change, on the 51st state.

Secondly, we are the largest client of the United States in the totality of all the goods. So we are the largest client of the United States. We have a tremendous auto sector between the two of us.

And the changes have made have been helpful. You know, 50 per cent of a car that comes from Canada is American. That’s not like anywhere else in the world. And to your question about is there one thing? No, this is a bigger discussion.

TRUMP: That’s true.

CARNEY: There are much bigger forces involved. And, and this will take some time in some discussions. And that’s why we’re here to have those discussions. And that’s represented by who’s sitting around the table.

TRUMP: See, the conflict is — and this is very friendly — we’re, we’re not … this is not going to be like we had another little blowup with somebody else. It was a much different — this is a very friendly conversation. But, we want to make our own cars. We don’t really want cars from Canada. And we put tariffs on cars from Canada. And at a certain point, it won’t make economic sense for Canada to build those cars. And we don’t want steel from Canada because we’re making our own steel and we’re having massive steel plants being built right now as we speak. We really don’t want Canadian steel and we don’t want Canadian aluminum and various other things, because we want to be able to do it ourselves.

And we, because of past thinking of people, have a tremendous deficit with Canada. In other words, they have a surplus with us. And there’s no reason for us to be subsidizing Canada. Canada’s a place that we’ll have to be able to take care of itself economically. I assume they can.

I will tell you that Trudeau, when I spoke to him, I used to call him Governor Trudeau. I think that probably didn’t help his election. But when I spoke to him, I said, so why are we why are we taking your cars? Why are we taking your.. We want to make them ourselves. I mean…and if the price of your cars went up, or if we put a tariff, if we put a tariff on your cars of 25 per cent, what would that mean to you?

He said that would mean the end of Canada. He actually said that to me. And I said, that’s a strange answer, but I understand his answer. But, no, I mean, it’s hard to justify subsidizing Canada to the tune of maybe $200 billion a year. We protect Canada militarily, and we always will.

We’re going to… you know, that’s not a money thing. But we always will. But, you know, it’s not fair. But why are we subsidizing Canada $200 billion a year or whatever the number might be. It’s a very substantial number. And it’s hard for the American taxpayer to say, gee whiz, we love doing that.

Thank you very much.

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