Key Words: Trump’s tariffs are ‘frankly insulting,’ says Canadian PM Justin Trudeau

‘The idea that we are somehow a national security threat to the United States is quite frankly insulting and unacceptable.’

That’s Canadian Prime Minister Justin Trudeau sharing his thoughts with NBC’s Chuck Todd on the new tariffs the White House announced last Thursday.

“The idea that the Canadian steel that’s in military, military vehicles in the United States, the Canadian aluminum that makes your, your fighter jets is somehow now a threat?” Trudeau continued. “Our soldiers who had fought and died together on the beaches of World War II… and the mountains of Afghanistan, and have stood shoulder to shoulder in some of the most difficult places in the world, that are always there for each other, somehow — this is insulting to them.”

Watch this clip from the interview:

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Following the announcement of the tariffs last week, Canada retaliated with some of its own. The Canadian foreign affairs minister called it “the strongest trade action Canada has taken in the post-war era.” She added that “this is going to hurt America and the American consumer first and foremost.”

Trump doesn’t appear to be too concerned about that.

“When youre almost 800 Billion Dollars a year down on Trade you cant lose a Trade War!” he tweeted on Saturday. “The U.S. has been ripped off by other countries for years on Trade time to get smart!”

Regardless of the tensions, the market held strong on Friday, with the Dow Jones Industrial Average DJIA, +0.90%  closing up 219 points at 24,635.

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