Latest / VOCM On Demand / VOCM Late-Day Update August 19

Transcript

VOCM Late-Day Update August 19 · VOCM On Demand

• 0:00
  Speaker 1: Good evening. I'm Linda swayin. US President Donald Trump says
• 0:03
  Speaker 1: a trade deal has been reached with Canada, subject to finalization.
• 0:07
  Speaker 1: Trump had threatened to impose fifty percent tariffs on a
• 0:10
  Speaker 1: wide range of Canadian goods starting at midnight last night,
• 0:13
  Speaker 1: but extended the deadline at the last minute. He told
• 0:16
  Speaker 1: reporters outside the White House today that a very good
• 0:18
  Speaker 1: conversation was had with Prime Minister Mark Carney last night
• 0:21
  Speaker 1: and what he calls a very fair deal has been reached.
• 0:24
  Speaker 2: Tariffs will be non existent for our farmers. Our farmers
• 0:27
  Speaker 2: were paying tremendous tariffs into Canada and those tariffs are
• 0:32
  Speaker 2: going to be totally vistritten down to zero.
• 0:35
  Speaker 1: He says the US is reducing the tariffs on Canadian goods,
• 0:37
  Speaker 1: but would not offer further detail.
• 0:40
  Speaker 2: They were going to get a fifty percent tariff when
• 0:42
  Speaker 2: everything's starting today, and we've held it back three days.
• 0:46
  Speaker 2: It's so subject to finalization of documents. So subject to
• 0:50
  Speaker 2: the finalization of documents. We have a deal with Canada,
• 0:53
  Speaker 2: and I think it's a very good deal for both
• 0:55
  Speaker 2: both parties.
• 0:56
  Speaker 1: US Trade Representative Jamison Greer and Canadian US Trade Minister
• 1:00
  Speaker 1: Dominic LeBlanc spoke with reporters in Washington today. Greer says
• 1:04
  Speaker 1: he's very happy where the two countries have ended up.
• 1:06
  Speaker 3: We feel confident that we've reached an agreement that will
• 1:10
  Speaker 3: not only continue to protect American workers, American jobs, American
• 1:13
  Speaker 3: supply chains, but really strengthen the North American economy and
• 1:17
  Speaker 3: create a situation where North America will continue to be
• 1:20
  Speaker 3: an energy powerhouse, a manufacturing powerhouse, and align on important
• 1:25
  Speaker 3: things like economic security and digital securities.
• 1:27
  Speaker 1: Minister LeBlanc says the Prime Minister wanted to ensure that
• 1:30
  Speaker 1: supply management was protected.
• 1:31
  Speaker 2: We needed to ensure that the supply management regime remained
• 1:36
  Speaker 2: entirely intact, and I'm confident that that's the case.
• 1:39
  Speaker 1: The opposition parties were briefed on the details of the
• 1:42
  Speaker 1: deal reached on Churchill Falls, and the Liberals say most
• 1:44
  Speaker 1: concerning for them is the loss of an escalator on
• 1:48
  Speaker 1: the sale of gull Island power here's bocm zach power.
• 1:51
  Speaker 4: Liberal leader John Hogan says the previous government fought hard
• 1:54
  Speaker 4: to secure an escalating price on gull Island power to
• 1:57
  Speaker 4: ensure the value increases over time. He says under the agreement,
• 2:01
  Speaker 4: the price Quebec pays Newfoundland and Labrador for Gull Island
• 2:04
  Speaker 4: power does not increase in time, and Hogan claims that
• 2:08
  Speaker 4: the price is structured to drop over the life of
• 2:10
  Speaker 4: the agreement. He says it's hard to believe that the
• 2:13
  Speaker 4: province would give up another fifty year agreement without an
• 2:17
  Speaker 4: escalating price. He also points to Newfoundland and Labrador's ability
• 2:20
  Speaker 4: to wield power through Quebec to the United States. He
• 2:24
  Speaker 4: claims what's actually been secured is synthetic transmission. As per
• 2:28
  Speaker 4: the agreement, Hogan says NL Hydro may elect to sell
• 2:31
  Speaker 4: to Hydro Quebec. What says is a small portion of
• 2:36
  Speaker 4: power based on US prices minus transmission charges. He says
• 2:41
  Speaker 4: that that provides market based pricing for a limited amount
• 2:44
  Speaker 4: of electricity sold to Quebec, less than ten percent of
• 2:47
  Speaker 4: total power Quebec will receive in place of market based pricing.
• 2:53
  Speaker 4: That was the twenty twenty four MoU which had for
• 2:56
  Speaker 4: its Churchill Falls power.
• 2:57
  Speaker 1: Your weather forecast is next