Chrystia Freeland

the US is turning predator. And so what Canada needs to do is work closely with our democratic allies, our military allies. I've been foreign minister. I know how to do that. That's why I would start with our Nordic partners, specifically Denmark, which is also being threatened, and our European NATO allies. I would be sure that France and Britain were there who possess nuclear weapons.

And I would be working urgently with those partners to build a closer security relationship that guarantees our security in a time when the United States can be a threat.

Do you expect Ukraine? Say it, what? Do you view Ukraine as an equal member of this peace process?

I have a message today for President Trump. If you force our hand, we will inflict the biggest trade blow that the United States has ever endured.

Dollar for dollar retaliation. Any tariff imposed on Canada, Canada will respond to. And our response is going to be smart and targeted. The tariffs the U.S. is threatening Canada with are across the board and they're going to hurt you. Take aluminum. Aluminum is basically electricity in solid form. And in imposing a 25 percent tariff on Canadian aluminum, you're hurting yourselves.

You're putting a 25 percent tax on electricity and you actually need more electricity today in this AI race with China. Our retaliation is gonna be a lot more surgical than that. We are gonna go after American stakeholders who matter to the White House. I have proposed a 100% tariff on all Teslas. I am calling on all the countries that are affected by this tariff to join us.

And our retaliation will target specific Trump constituencies Another group that we're going to go after is Wisconsin dairy farmers. We know how important they are for the president, and we're not going to let them sell their products in Canada anymore. But I also want to say to you, Erin, we don't have to do this. We have a balanced, mutually beneficial relationship with the United States.

We think the best path is to continue with that relationship. I was Canada's lead negotiator the last time Trump was president. And we had a lot of fighting and a lot of insults. But at the end of the day, the tariffs were lifted by the United States. We got a trade agreement that Trump said was the best deal ever. And today, the president campaigned on saying he was going to go after China.

He campaigned on saying China is an unfair participant in the global economy and has overcapacity in steel and aluminum. We think the president is right about that.

I'm going to let you in on a little secret. Donald Trump doesn't like me very much.

During the first Trump administration, I fought hard to protect Canadian jobs, the Canadian economy, and our way of life. And we won. I left Trudeau's cabinet because I know what we need to do to win that fight again. Donald Trump and his billionaire buddies think they can push us around. Trump thinks we're for sale, but he can take what isn't his. We're not going to let him.

We're a proud country. The true north, strong and free. A country of smart, caring, and hardworking people. A country that gets big things done. A country worth fighting for. But Pierre Polyev? He'll bow down to Trump and sell us out. This moment matters for all of us. I'm running to be leader of the Liberal Party and our next Prime Minister.

I'm in this to fight for you, to fight for Canadians, to fight for Canada. Join me. Join the fight.

Well, look, there have been more flip-flops than we can keep track of here in Canada. But what we do know is, you know, the prime minister is right. The Wall Street Journal is right. These are the dumbest tariffs in history. This is utterly self-mutilating. It's really a perverse approach, Anderson, because America is hurting itself.

Moving in this direction, the president is killing the US stock market. Your stock market is actually performing worse than the stock market in Europe or in Canada. You're going to raise the prices on gas. You're going to raise the prices on groceries. You're going to make electricity more expensive. And all for what reason? Because Canadians aren't nice enough?

I mean, come on, this is just utterly absurd. America is hurting itself. And the end result has been to do something which is really hard to do, antagonize Canadians. There is this wave of patriotism in Canada right now, the likes of which I have never seen in my life. We started off being really hurt by this because we know that we are really good friends to you, really good neighbors.

We know that so much of America's prosperity has been built on the foundation of having Canada the best neighbor in the world to your north. But now I'd say Canadians are getting really angry.