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Erin Burnett OutFront

Stocks Sink As Trump’s Tariffs On Mexico, Canada About To Hit

Erin Burnett OutFront

CNN

News

4.4706 Ratings

🗓️ 4 March 2025

⏱️ 48 minutes

🧾️ Download transcript

Summary

Trump’s trade war is about to be in full swing as tariffs against Canada, Mexico, and China are taking effect in a few hours. Plus, for the second time in a week, Elon Musk’s DOGE backtracks on claims of saving government money.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Out front next, the breaking news war.

0:05.0

Trump's trade war, about to be in full swing.

0:08.0

Tariffs against Canada, Mexico, and China taking effect in a few hours.

0:12.0

Canada and Mexico vowing to retaliate.

0:15.0

Plus, for the second time in a week, Elon Musk's Doge backtracks on claims of saving government money. The New York Times tonight reporting major errors in Doge's so-called wall of receipts.

0:26.4

And face off, a Republican senator cuts a town hall short and abruptly walks out after voter asked about cuts to veterans.

0:34.3

It's all on camera.

0:35.3

And the man who's questioning sent him over the edge is my guest.

0:38.7

Let's go out front. And good evening. I'm Aaron Burnett. Out front tonight, the breaking news of war.

0:46.4

We are less than five hours away from an economic war. Stock's plunging today ahead of Trump saying

0:51.8

he's going to be launching 25% tariffs on Canada

0:55.4

and Mexico at midnight, also doubling the tariff on China to 20%.

1:00.8

All of this taking effect in these next few hours.

1:05.6

Is there any room left for Canada and Mexico to make a deal before midnight?

1:09.3

And should we expect those Chinese tariffs, the extra 10% to take? No room left for Canada and Mexico to make a deal before midnight? And should we expect those Chinese tariffs,

1:11.3

the extra 10% to take a no room left for Mexico or for Canada? No, the tariffs, you know, they're all set.

1:19.5

The tariffs are all set. Well, Trump appears to be set on this, obviously, doing this at midnight.

1:25.4

That, of course, is a trade war with America's biggest trading partners, Canada and Mexico.

1:29.2

In fact, the only two countries on earth which border the United States, that's the land borders,

1:33.4

together America's largest trading partners and closest allies, and now in an economic war.

1:39.9

And that's the word I've used a few times for a reason, because it is and because listen to what

1:45.7

Warren Buffett said this weekend.

...

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