| Speaker | Time | Text |
|---|---|---|
|
unidentified
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So, under the circumstances, under the circumstances, there would be a strong downturn or slowdown of the American economy. | |
| But we avoided that in 2008 when I was governor of the Bank of Canada. | ||
| And we can reduce the negative impact or the negative effects of the American economy on the Canadian economy with economic strength and all the aspects to build a strong economy. | ||
| Thank you. | ||
| Thanks, Brian. | ||
| Australian Prime Minister Anthony Albanese also responded to President Donald Trump's baseline 10% tariff imposed on Australian exports to the US. | ||
| The Prime Minister said the country would continue to push for President Trump to remove the tariffs. | ||
| Here's a portion of the Prime Minister's remarks. | ||
| The unilateral action that the Trump administration has taken today against every nation in the world does not come as a surprise. | ||
| For Australia, these tariffs are not unexpected, but let me be clear, they are totally unwarranted. | ||
| President Trump referred to reciprocal tariffs. | ||
| A reciprocal tariff would be zero, not 10%. | ||
| The administration's tariffs have no basis in logic and they go against the basis of our two nations partnership. | ||
| This is not the act of a friend. | ||
| Today's decision will add to uncertainty in the global economy and it will push up costs for American households. | ||
| It is the American people who will pay the biggest price for these unjustified tariffs. | ||
| This is why our government will not be seeking to impose reciprocal tariffs. | ||
| We will not join a race to the bottom that leads to higher prices and slower growth. | ||
| We will stand up for Australia. | ||
| We will continue to make the strongest case for these unjustified tariffs to be removed from our exporters. | ||
| Our existing free trade agreement with the United States contains dispute resolution mechanisms. | ||
| We want to resolve this issue without resorting to using these, as we do support continued constructive engagement with our friends in the United States. | ||
| Our shared history, our friendship, our alliance, these are all bigger than a poor decision. | ||
| But the Australian people have every right to view this action by the Trump administration as undermining our free and fair trading relationship and counter to the shared values that have always been at the heart of our two nations' long-standing friendship. | ||
| This will have consequences for how Australians see this relationship. | ||
| These are uncertain times, but Australians can be absolutely certain of this. | ||
| Our government will always stand up for Australian jobs, Australian industry, Australian consumers, and Australian values. | ||
| That is why we're being crystal clear with the United States about what is not up for negotiation. | ||
| Australia is a great trading nation. | ||
| One in four of our jobs depends upon trade, but we will never trade away the things which make us the best country in the world. | ||
|
unidentified
|
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