Did Donald Trump start a trade war with Mexico and Canada, or is it all part of his negotiation strategy? Mexico has already agreed to help improve border security. But Canada has pushed back against Trump’s promise to slap 25% tariffs on many Canadian goods. Glenn explains what Justin Trudeau doesn’t seem to understand: This isn’t about “punishing” Canada. It’s about national security and getting the best deal for Americans.

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. Welcome to the program. Donald Trump just got off the phone with Justin Trudeau.

Apparently, they're going to talk again at 3:00 this afternoon.

But he's not -- he's not going -- he's not going light on Justin, which I'm very happy about. Canada, immure -- I'm sorry. When we're there too.
-- I don't want to feel like we're pointing out Canada going, you guys suck! We sucked too. We just woke up and changed leadership.

And we're -- we are going in a different direction. Because we've learned the same things you know. Okay? You know it!

This can't continue this way. Right?

STU: Yeah. The one. I have several issues with some of these policies.

One that I do, is really -- a little bothersome to me. Trudeau is so unpopular, in Canada. So on the way out.

Now there's this nationalist Canadian thing going on. Where they're --

GLENN: Wait a minute. Trudeau is becoming a nationalist?

STU: It's hilarious. He's now getting the benefits of the support, of people who are just rallying around him mindlessly.

Whether the policy is right or not. I just don't like good things happening to Justin Trudeau.

I don't know if that's part --

GLENN: That was an unforeseen consequence.

STU: We will see, obviously, with where this lands, much more important than not.

GLENN: Here's the thing. We have a president that is not actually trying to destroy us.

STU: Yeah. That's true.

Whether you like this policy or not, when it comes to tariffs. You know that the motivation behind it is to make the country better. And I don't know if it's always the motivation behind these policies, when we've seen previous presidents go after them.

Obviously, a lot of Democrats have gone after similar policies. I think a lot of times, their motivations have been much, much worse.

So at least we've got good motivations behind this.

I mean, I think Trump is looking at this and saying, he thinks this will work long-term. I think most clearly, you pointed this out, Glenn, with Panama. With Colombia. Most clearly, he believes they're going to back down from this eventually.

And give us concessions. And I think that's probably the most likely outcome.

GLENN: That seems to be what's happening with Panama.

STU: Yeah, definitely happened with Colombia.

It does seem to be, we are the big boys on the block. And Donald Trump is not only familiar with that fact, but also comfortable with it, unlike other presidents. He's comfortable with us being the big boys on the block.

He's comfortable with us being the world power. That's okay in his eyes. It's okay in my eyes. It's okay in your eyes.

GLENN: As long as you don't become a big bully. I mean, listen to what Justin Trudeau said.

Let's go to cut three, please.

VOICE: Now is also the time to choose Canada. There are many ways for you to do your part. It might mean checking the labels at the supermarket. And picking Canadian-made products. It might mean opting for Canadian rye over Kentucky bourbon, or foregoing Florida orange juice altogether. It might be changing your vacation plans to stay here in Canada and explore the many national and provincial parks, historical sites, these tourist destinations our great country has to offer.

STU: Useless job, yeah.

GLENN: I know he is. I know he is.

STU: He's using this to turn around his own political fortunes. Which is infuriating. He doesn't care about any of this other stuff. He's motivated by his own political interest here.

GLENN: Here's cut six.

VOICE: I think Canadians are a little perplexed as to why our closest friends and neighbors are choosing to target us, instead of so many other challenging parts of the world.

I don't think there's a lot of Americans who wake up in the morning saying, oh. Damn Canada! Oh, we should really go after Canada.

GLENN: You're right!

Why were you targeting us? Why -- why was your -- your number two in command that just quit, why was she targeting people here for, you know, giving to a freedom movement in Canada?

I mean, it's not like you've been our best friend, Justin.

STU: No, he's been horrible.

GLENN: Terrible. But Canadians are great. I love Canadians, and I love Canada. And Canada should love Canada.

STU: Sure.

GLENN: And you should be concerned about what the state of your country is in.

You know, look at your immigration problems. Look at what's happening to your country.

That's what started all of this.

Is the fentanyl coming across our borders. Both north and south.

And the illegals. Stop it. Stop it.

And the great way to stop it is to make sure you stop it at your borders.

From them coming into your country!

That's -- that's really what this is about.

STU: Right. And that's what's clear here.

You know, Trump always says tariffs are his favorite word.

You've talked to him privately about that.

GLENN: I disagree with him on that happen.

STU: A way, I don't think that's exactly what he means.

Tariffs are good, to the extent that they get something else done. Right?

They're not good in and of themselves.

They're just taxes in and of themselves.

They do raise prices on us. The calculation however is, will the pain, that is applied to both sides as Trump has outwardly stated. And it's important to be fair to him.

A lot of people are saying, he's not saying this.

He's saying, there will be pain.

Those are his word. There will be pain on us.

The calculation is, the pain on us, will be the pain less on them.

And they will give first. And then he will get what he wants, outside of the tariffs.

That's the calculation here.

I mean, it is a risky one at times. And, you know, these -- you can call it a trade war or not.

But the bottom line is, when we escalate them, then they escalate. It's -- you could say it's not a trade war. But it kind of is.

I mean, it's a trade competition, if you feel more comfortable with those terms.

But the bottom line is, we believe we're going to win it. That's what he's saying!

And he believes we will win it. And at the end of the day, we get concessions that improve the country. The proof is going to be in the pudding on that.

Will it work? As you pointed out, it has worked kind of with Panama, so far, it seems like.

It's worked kind of with Columbia. It's going to work with some of these countries, it will be more difficult with a country like China.

I think what we saw in his first term.

Was a renegotiation of NAFTA, which basically became the US embassy. Right?

GLENN: Which he still doesn't like. It was the best he could do.

STU: It was the best he could do at the time.

He's I guess not happy with it now.

Because, you know, you're not allowed to put new tariffs either one of these countries in that agreement, which he negotiated. But he wants something better. I mean, how can we be upset with a president who wants something better for the country?

It -- it's just a question as to whether it works or not. The guy -- the Dallas Mavericks traded Luka Doncic this weekend.

The DM came out and said, you'll have to judge me as to how it turns out. We will!

Right? Congratulations, we will!

GLENN: In fact, we kind of already have.

STU: Well, that one, we already have.

That's probably a bad example.

That's exactly what will happen. If this works, and you get something out of it.

People will probably be okay with it, even if it is short-term pain.

Generally speaking, though, the American people only have so much tolerance for that.

And Donald Trump has a finally tuned eye for that type of thing. And I'm sure he will walk that line carefully.

GLENN: He does. Oh, yes, he is.

Yes, he is. And like I said, he's not trying to destroy America. He's trying to save America. And I know that's a new concept, to the American people.

STU: Yeah.

GLENN: I'm sure it's new to Americans as well. Cut one.

Here's Donald Trump talking about tariffs on Europe.

DONALD: Well, you're asking me a question.

There's a period in here, am I going to oppose tariffs by the European Union? You want the truthful answer, or should I give you a political answer? Absolutely.

STU: He wants stuff, and this is how he gets stuff.

GLENN: Yeah. But what does he want?

STU: I mean, various things from various countries, right?

GLENN: Yeah. He wants. The big things, he wants an end to the World War II order.

Where we are protecting Mercedes Benz. Allowing Mercedes to come in here, and have all kinds of access to our market. And Ford can't.

We don't have that!

We don't have that in Germany.

Why? Because we wanted to make sure the German countries could recover. And all the car companies could recover.

You know, the world is just not a good place without all that citron.

So that's what that is all for.

That's why we did that. And it never changed.

And it's got to change. It's over.

It's got to change. The other thing that absolutely has to change. They have to pay their 5 percent. Into NATO.

You've got to pay it.

STU: That's -- everyone is in this agreement.

GLENN: Yeah.

STU: It exists with the terms of the agreement.

GLENN: Uh-huh.

STU: In place. Follow them.

That's not a difficult thing. We're doing a lot more than everyone else, anyway.

Even if we all pay 5 percent, we're the ones footing the bill. We're the ones basically running that organization.

The least you can do is get to whatever that percentage is.

GLENN: Yeah. And that's fine if you don't.

If you don't want to do that, that's fine.

Then the agreement doesn't exist, and we're not going to protect you all the time.

You know, Winston Churchill. He had to beg the United States to come in because the Americans don't want to be involved in everybody else's business. We don't!

Our government, our state department seems to want to.

The military industrial complex wants to. But the American people don't!

So we're totally fine with that, Europe.

We don't think that's a good idea for you. But, you know, in time, you will learn to defend yourself. And then you will probably get pissed off at the French and start bombing them.

And then we'll be in it all over again. Again, we don't recommend it.

But go ahead. We're not protecting.

What do you think Justin Trudeau will say, if we said, oh, well, you don't want to protect your borders.

Okay. All right.

You want a trade war. Okay.

Well, I think we're done helping your military.

I mean, that's -- we win at the end. Hopefully, we'll never get to that. We win at the end.

STU: They have to know that.

GLENN: Yes, they do. They do.

STU: They have to know that.

I'm not surprised they're retaliating, with the 25 percent tariffs of their own.

Obviously, there are a lot -- we do send a lot of products to Canada as well.

We are the second largest exporter in the world.

GLENN: But --

STU: So we do send products to a lot of these countries. And it will burn those companies. And it will hurt at times.

If these things even get into place. We're not even in place yet.

Would it be surprising at all, if there was a most of negotiating. No.

GLENN: Let me ask you. He was just on the phone with Justin Trudeau just a few minutes ago.

Hung up the phone. What's he doing at 3:00 this afternoon?

Getting back on the gonna Justin Trudeau. This is a negotiation.

GLENN: Yes. Exactly. You can't get too worked about it. Because you don't know where the story ends.

GLENN: We have no idea. We're not the ones negotiating.

Here's what we do know, our negotiator is trying to get the best deal for us.

And he's a businessman. He understands it. Unlike attorneys who run the rest of the world.