Latest / DEEP INSIGHT / Trump renames Lake Ontario to 'Lake America'

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Trump renames Lake Ontario to 'Lake America' · DEEP INSIGHT

• 0:00
  Speaker 1: We're going to be changing the name of Lake Ontario,
• 0:04
  Speaker 1: effective immediately, to Lake America.
• 0:08
  Speaker 2: That's going to take place right now as I sign
• 0:11
  Speaker 2: the order. Do you have anything to say about it, Ben?
• 0:14
  Speaker 3: Yes, sir. So this is a straightforward but important executive order.
• 0:18
  Speaker 3: It directs Secretary Burgum and the Department of the Interior
• 0:21
  Speaker 3: to update the Geographic Names Information Service to reflect that
• 0:26
  Speaker 3: The lake once known as Lake Ontario will, from this
• 0:29
  Speaker 3: day forward, be known as Lake America. This is a
• 0:31
  Speaker 3: lake that has most of its volume in the United States.
• 0:35
  Speaker 2: The deepest parts of.
• 0:35
  Speaker 3: The lake sit in United States territory, so this will reflect.
• 0:39
  Speaker 2: That this is an American lake. Thank you.
• 0:42
  Speaker 1: Okay.
• 0:43
  Speaker 2: Okay. Okay. Thank you very much.
• 0:58
  Speaker 1: And we filed all the necessary papers, documents, everything else.
• 1:01
  Speaker 1: We've notified all of the various people that we have
• 1:04
  Speaker 1: to notify. So we've done everything that you have to do.
• 1:09
  Speaker 1: And this is official, effective immediately.
• 1:12
  Speaker 2: Do you have any questions, anybody? That video you put
• 1:18
  Speaker 2: up yesterday, crossing out Lake Ontario and riding Lake Pericote,
• 1:22
  Speaker 2: it's been seen by.
• 1:22
  Speaker 3: About 30 million people, maybe more, across all the social
• 1:25
  Speaker 3: media platforms.
• 1:26
  Speaker 2: What message are you sending to Canada with this move today?
• 1:29
  Speaker 2: Why is it such an important thing for you to do? Well,
• 1:31
  Speaker 2: it's an interesting question. No message.
• 1:35
  Speaker 1: As you know, Canada's been ripping us off for a
• 1:37
  Speaker 1: long time on trade, very sadly.
• 1:40
  Speaker 2: Even the military, you know, we defend Canada for nothing.
• 1:42
  Speaker 2: We don't get anything.
• 1:43
  Speaker 1: They don't pay us to defend Canada, but we defend Canada.
• 1:46
  Speaker 1: And they understand that. As an example, we bought icebreakers.
• 1:50
  Speaker 1: They'd like to use them. We have 11 brand new
• 1:53
  Speaker 1: icebreakers coming in. They'd like to use the icebreakers. They
• 1:56
  Speaker 1: don't pay for anything. And they want to be treated
• 1:59
  Speaker 1: like a state, but they're not a state. But they
• 2:02
  Speaker 1: want to be treated like they're a state. And so
• 2:04
  Speaker 1: we just can't.
• 2:04
  Speaker 2: Do that anymore.
• 2:06
  Speaker 1: We lose on average over the last 15 years, $ 60
• 2:09
  Speaker 1: billion a year carrying candidates.
• 2:11
  Speaker 2: So we just can't do it anymore. We love the
• 2:13
  Speaker 2: people of Canada.
• 2:15
  Speaker 1: I don't think their representatives do an appropriate job. Maybe
• 2:18
  Speaker 1: they'll change. I really don't know. It doesn't make much difference.
• 2:21
  Speaker 1: But we can't let the whole Canadian thing that's been
• 2:26
  Speaker 1: going on for decades and it has to come to
• 2:30
  Speaker 1: a stop. So we're going to be doing tariffs on
• 2:33
  Speaker 1: their cars that are coming at a substantial level because
• 2:36
  Speaker 1: we want to make the cars here. We don't want,
• 2:39
  Speaker 1: you know, they can make their own cars if they want,
• 2:42
  Speaker 1: and they can continue to make their cars for Canada,
• 2:45
  Speaker 1: but we don't want to make, we don't want them
• 2:47
  Speaker 1: to make.
• 2:47
  Speaker 2: Cars for the United States of America. It's very simple. Likewise,
• 2:52
  Speaker 2: many other products.
• 2:53
  Speaker 1: So the lake change, Lake of America, was something I've
• 2:57
  Speaker 1: been thinking about.
• 2:58
  Speaker 2: For a long time, actually.
• 3:00
  Speaker 1: As you know, we took something called, The Gulf of Mexico,
• 3:05
  Speaker 1: we change it, and now it's very routinely the Gulf
• 3:09
  Speaker 1: of America. So if you think about it, we have
• 3:12
  Speaker 1: a Gulf and we have a lake.
• 3:15
  Speaker 2: Now all we need is an ocean.
• 3:17
  Speaker 1: So maybe we'll have to change the name of the
• 3:19
  Speaker 1: Atlantic and or the Pacific.
• 3:21
  Speaker 2: Maybe we'll change them both.
• 3:22
  Speaker 3: Why are you so focused on doing things like this towards.
• 3:28
  Speaker 2: America's allies instead of doing things that.
• 3:31
  Speaker 1: Well, they haven't treated us well. The Canadian officials have
• 3:34
  Speaker 1: treated us very badly. They're nasty people. They charge our
• 3:38
  Speaker 1: farmers 400% tariffs. They've been doing it for a long time.
• 3:42
  Speaker 2: And I had them figured out in.
• 3:43
  Speaker 1: My first term, and I did some pretty strong things
• 3:46
  Speaker 1: and had it getting pretty good. And then the election
• 3:49
  Speaker 1: was rigged, and now I'm coming back and doing it
• 3:52
  Speaker 1: the way it... and finishing the job. But they treat
• 3:54
  Speaker 1: us very badly. Canada treats us very badly.
• 3:57
  Speaker 2: I would say that of all countries, as you know,
• 3:59
  Speaker 2: we have President Xi.
• 4:00
  Speaker 1: Coming in a couple of weeks. We have a lot of,
• 4:02
  Speaker 1: we deal with a lot of people. And people, oftentimes,
• 4:06
  Speaker 1: they'll ask me, who's the worst to deal with on trade?
• 4:08
  Speaker 1: And I said, that's easy, Canada.
• 4:12
  Speaker 2: They are the worst to trade. And they feel entitled. Yes,
• 4:15
  Speaker 2: we can't have that.
• 4:16
  Speaker 4: He is renaming Lake Ontario to be Lake America, which
• 4:20
  Speaker 4: is something that he has been threatening for days here
• 4:22
  Speaker 4: amid this trade war with Canada that has become escalated,
• 4:27
  Speaker 4: that has become entrenched and appears to be taking a
• 4:31
  Speaker 4: really hold for the long haul.
• 4:33
  Speaker 5: Yeah, the president there is saying that this isn't a
• 4:35
  Speaker 5: message to Canada, despite his frequent attacks on the Canadian leadership.
• 4:41
  Speaker 5: The two nations engaged in this tit-for-tat attack. over the
• 4:44
  Speaker 5: weekend after trade talks fell apart, the U.S. announcing some
• 4:48
  Speaker 5: 50% tariffs on $ 20 billion of Canadian goods, and then
• 4:52
  Speaker 5: Canada responding in kind with up to 50% tariffs on
• 4:55
  Speaker 5: a range of U.S. products, aluminum, fish, et cetera, 700 U.S. products. Apparently,
• 5:01
  Speaker 5: he believes that this does send a message to Canada. Otherwise,
• 5:04
  Speaker 5: why do it, even as he is denying it? We
• 5:07
  Speaker 5: have Adam Kankrin here, who's been following these developments closely. Adam,
• 5:11
  Speaker 5: I'm Stepping back, does Ottawa see this as punishment? How
• 5:18
  Speaker 5: are the Canadians interpreting this act by the president?
• 5:21
  Speaker 6: I mean, I think overall they're going to be a
• 5:22
  Speaker 6: little bit mystified. I mean, this doesn't have any actual
• 5:26
  Speaker 6: real effect on the issues at play here, which is trade,
• 5:29
  Speaker 6: which is tariffs, trying to hammer out this deal between two,
• 5:32
  Speaker 6: you know, very close allies historically. What I think it
• 5:36
  Speaker 6: does signal is that we are coming up on the
• 5:39
  Speaker 6: September 8th deadline for Canada to decide whether they're going
• 5:42
  Speaker 6: to impose retaliatory tariffs on a pretty broad range of goods.
• 5:46
  Speaker 6: And what this signals is that we're no closer, we're
• 5:50
  Speaker 6: not even begun starting renegotiations to try to get to
• 5:54
  Speaker 6: a resolution that would avert that. So every day in
• 5:57
  Speaker 6: which we're talking about Lake Ontario or Lake America and
• 6:01
  Speaker 6: these kinds of things, is a day that there are
• 6:03
  Speaker 6: not talks happening to try to get to a resolution
• 6:06
  Speaker 6: that avoids prices going up on both sides.
• 6:08
  Speaker 4: Of the border. Yeah, I mean, we have to look, Adam,
• 6:11
  Speaker 4: at the products that we're talking about, these tariffs. impacting,
• 6:16
  Speaker 4: let's say for American consumers, how are Americans going to
• 6:19
  Speaker 4: feel this? It becomes, because of these tariffs, more expensive
• 6:24
  Speaker 4: to blow your nose because of paper products and the
• 6:27
  Speaker 4: raw materials that America relies on. Just in time for ragweed,
• 6:31
  Speaker 4: which you know I talk about all the time, but
• 6:33
  Speaker 4: we can hear it and people, that's happening right now.
• 6:36
  Speaker 4: If you like to have a drink, it costs more.
• 6:38
  Speaker 4: If you like a Canadian whiskey, you like your Canadian club,
• 6:40
  Speaker 4: that's going up. You're looking for a winter coat for
• 6:43
  Speaker 4: your kid? Everyone is right now. It's time, right? You
• 6:47
  Speaker 4: got to get ready for that. A coat with down
• 6:48
  Speaker 4: in it? That is going up. You need a new
• 6:51
  Speaker 4: hockey stick for hockey season for your kid or maybe you?
• 6:54
  Speaker 4: That's going up. I mean, so Americans are feeling that.
• 6:58
  Speaker 4: They're going to be feeling this. So what does it
• 7:01
  Speaker 4: say about, I guess, whether the president is coming from
• 7:05
  Speaker 4: a position of strength or not, when what this is
• 7:09
  Speaker 4: essentially is flipping the bird to Canada with a renaming
• 7:13
  Speaker 4: of this lake?
• 7:14
  Speaker 6: Yeah, I mean, what Trump and what White House officials
• 7:16
  Speaker 6: have told us is that, you know, there's a power
• 7:18
  Speaker 6: imbalance here, right? The United States is is much more
• 7:22
  Speaker 6: powerful and imposing than Canada. And there's this feeling that
• 7:24
  Speaker 6: we have leverage over them. They need us more than
• 7:27
  Speaker 6: we need them. But that doesn't kind of get at
• 7:31
  Speaker 6: the political aspects that you're alluding to here. The fact
• 7:33
  Speaker 6: that we have an affordability crisis, that is kind of
• 7:35
  Speaker 6: the main thing people are focused on heading into the midterms.
• 7:38
  Speaker 6: And that's an issue that the U.S. has and that
• 7:41
  Speaker 6: the president has and not Canada. There are also the
• 7:44
  Speaker 6: repercussions more broadly to think about, which is that All
• 7:47
  Speaker 6: of those things getting more expensive. There are companies behind
• 7:50
  Speaker 6: them and there are employees behind them. And so now
• 7:52
  Speaker 6: you're talking about as these effects take hold, are there
• 7:56
  Speaker 6: issues in terms of employment companies having to lay off employees?
• 8:00
  Speaker 6: How does that now kind of have an effect or
• 8:03
  Speaker 6: not on the U.S. economy long term?