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Trump, Canadian PM to Meet at White House Amid Trade Tensions; Trump Declares 100 Percent Tariff on Foreign-Made Films. Aired 6-6:30a ET
Aired May 06, 2025 - 06:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
RAHEL SOLOMON, CNN ANCHOR: Means everyone and refers to a famous chant by Francis. During a visit to Portugal in 2023, Francis told a crowd that the church had room for everyone.
[06:00:09]
And just a reminder: the live coverage of the conclave gets underway tomorrow. Special coverage begins at 4 a.m. Eastern. That is 10 a.m. in Rome. So do join us.
All right. That's going to do it for us here this morning. Thanks for joining us on EARLY START. I'm Rahel Solomon, live in New York. CNN THIS MORNING starts right now.
AUDIE CORNISH, CNN ANCHOR: It is Tuesday, May 6. Here's what's happening right now on CNN THIS MORNING.
(BEGIN VIDEO CLIP)
MARK CARNEY, CANADIAN PRIME MINISTER: I will fight for the best deal for Canada and only accept the best deal for Canada.
(END VIDEO CLIP)
CORNISH: Canada's prime minister prepares for an Oval Office meeting. Can he convince President Trump that Canada is not America's enemy?
Plus, a 100 percent tariff on foreign-made films? What would it mean for movie ticket prices? Could streaming services get even more expensive?
And the Transportation Department set to announce a major overhaul of the nation's air traffic control systems. We have new details from Newark, where flights are still delayed.
Plus, this.
(BEGIN VIDEO CLIP)
UNIDENTIFIED FEMALE: Long live Intifada!
UNIDENTIFIED MALE: Long live Intifada!
UNIDENTIFIED MALE: Long live Intifada!
UNIDENTIFIED MALE: Long live Intifada!
(END VIDEO CLIP)
CORNISH: Breaking overnight: protesters arrested after occupying a building at the University of Washington. Ahead, details on just what they hope to accomplish.
It's 6 a.m. here on the East Coast. Here's a live look at the White House. It's going to be the center of all the action today.
Good morning, everybody. I'm Audie Cornish. I want to thank you for waking up with me.
We're going to start with that meeting at the Oval Office. President Trump is going to be meeting with the Canadian prime minister, Mark Carney, and he does this as he's doubling down on his threat to make Canada the 51st state.
(BEGIN VIDEO CLIP)
MARK CARNEY, CANADIAN PRIME MINISTER: You don't even know what a beautiful country it would be.
Again, remember this.
KRISTEN WELKER, MODERATOR, NBC'S "MEET THE PRESS": Yes.
TRUMP: We don't need their cars. We don't need their lumber. We don't need their energy. We don't need anything. We do very little business with Canada. They do all of their business, practically, with us.
WELKER: You and I --
TRUMP: They need us.
(END VIDEO CLIP)
CORNISH: The thing is, this visit comes as Carney rode a wave of anti- Trump sentiment to victory in the recent Canadian elections, after president's tariff plans hit a nerve with voters there. And Carney already seems to be lowering expectations for how productive this meeting might actually be.
(BEGIN VIDEO CLIP)
CARNEY: I'm not pretending those discussions will be easier. They won't proceed in a straight line. There'll be zigs and zags, ups and downs.
Again, we are not -- do not expect white smoke out of that meeting. There will be white smoke, probably later, somewhere else in the world this month. But do not expect that.
(END VIDEO CLIP) CORNISH: So, what can Trump and Carney actually accomplish at this meeting?
Joining me now, the group chat: Courtenay Brown, economics reporter at Axios; Jackie Kucinich, Washington bureau chief for "The Boston Globe," and Michael Warren, senior editor at "The Dispatch."
Appreciate the pope reference there from the prime minister, coming out of the gate hot.
I'm actually going to start with you, Courtenay, because you came in and said, I'm so excited about this, and --
COURTENAY BROWN, ECONOMICS REPORTER, AXIOS: I'm excited.
CORNISH: So, tell me, what is it about his background? But him, in this moment, in the Oval Office that has you keeping an eye on it?
BROWN: I can't think of a more interesting time for a man like Mark Carney to be running a country like Canada.
He used to sort of be the country's top economic official when he led the Bank of Canada. He led the Bank of England. So, he's a double central banker, which is very cool for people like me.
CORNISH: Yes.
BROWN: But if anyone understands how to reshape Canada's economy in a way that is not so dependent on the U.S., it's Mark Carney. And that should scare Trump, because I think there is this idea in the White House that -- that the U.S. has the upper hand. But we've seen already this burst of economic nationalism in Canada.
CORNISH: Yes.
BROWN: And their politicians --
CORNISH: Which comes with boycotts.
BROWN: Exactly.
CORNISH: Which comes with action. Yes, let me --
BROWN: Yes.
CORNISH: -- bring in the group here, because as you can see, the maple leaf has entered the chat.
JACKIE KUCINICH, CNN POLITICAL ANALYST: Enthusiasm. I love it.
CORNISH: Yes. And she does have a point. But the position that Trump comes in with, we heard him in that clip: You have nothing. We have all the cards, right? In a way, it's the same tone. Michael, I saw that eyebrow.
MICHAEL WARREN, SENIOR EDITOR, "THE DISPATCH": Yes. It's -- it's revealing. Once again, this is not, like, new. This is not breaking news. The way that Trump thinks about trade, particularly international trade, is you do business with us, and we lose out somehow.
I mean, because the truth of the matter is, of course, he says Canada does all its business with us. We don't do business with them.
[06:05:02]
But of course, that's not true.
CORNISH: Right.
WARREN: I mean, there's an exchange of money, and resources, and goods, and services across the border. You know, I think this is going to be a real test for that worldview. I think it's a flawed worldview.
CORNISH: Yes.
WARREN: A flawed understanding of how trade works. And it will be interesting to see if this kind of economics prime minister from Canada is able to convince Donald Trump.
CORNISH: It is wild how much this has come down to personalities. I mean, when I look at Claudia Sheinbaum in Mexico, I actually thought this tariff war would just -- we would just be hearing about Mexico forever and ever, right? Because they were talking about fentanyl.
But in the end, she sent two dozen alleged cartel leaders to be tried in the U.S., helped deploy more troops to the border. It seems like whatever that negotiation was, it went well.
Are there lessons here for other leaders, including Mark Carney, or is this just too different?
KUCINICH: Carney is so layered, though, right? Because he kind of owes his position to Trump in a roundabout way, because his party wasn't doing great until all of this started.
But I think it's more -- he will probably be wise to follow her path, to follow Macron's paths rather than a Zelenskyy, for example, in terms of how even it's presented. Because the stagecraft is half the battle here.
CORNISH: Right. Which is probably why China's leadership is also not sitting down with Trump. Right? Like, they don't want to engage in that.
You know, one other thing is that it's one thing to run against Trump and win. It's another thing to actually govern. And Canada has a long history of succession movements right there. And there was a MAGA movement in Canada.
And in fact, there's a leader out of Alberta who's resurrected talk of separating as an oil-rich state or a province in Canada. So, is that something Trump can benefit from, like the divisions within Canada? BROWN: I think how widespread does said division get? Because I spoke
to a gentleman who leads the biggest kind of lobbying group of businesses in Canada. And Canadians are pissed. And I said, Are they? I asked him, Are they Canadian pissed?
CORNISH: Yes.
BROWN: Or are they pissed, pissed? And he's like, no, no.
CORNISH: Have you seen a hockey game? Canadian pissed is still a little scary. OK.
BROWN: It is. They are really upset about this rhetoric of the U.S. [SIC] becoming the 51st state.
CORNISH: No, that's Canada becoming the 51st state.
BROWN: Yes, sorry. Canada becoming the 51st state, yes.
CORNISH: Because it's also -- it's very diminishing. And also, I think it's like the tariff war itself. It's not a self own. We don't know that yet.
But no one knows why we're here, in a way. Right? Like, no one knows why we're fighting with Canada, except Trump is choosing it and talking about it.
WARREN: And again, that's why I do think the personality is important here and how Carney and Trump get along, because --
CORNISH: He might respect a banker.
WARREN: I think so, and he might -- again, he might respect a winner. This is a guy who was -- who has now won this election. Trump may want credit for that. Who knows?
But so, how Carney plays this and how Carney appears to Trump, I think, could -- could tell us a lot about how this relationship and how this -- this -- this kind of fight between our two countries, which we don't fight normally, how it continues and how it -- how it progresses.
But again, I -- it is worth noting -- that Canada does need the U.S. I mean, Trump is right about that.
CORNISH: The numbers are clear.
WARREN: Exactly. Yes. So -- so, I do think there's -- there's a lot that Carney has to do and prove here.
CORNISH: Yes. A lot at stake for him.
Group chat, stay with me, because we've got a lot to talk about today.
Coming up on CNN THIS MORNING, CNN goes inside the Rock as the president looks to reopen one of America's most notorious prisons. We'll look at the history behind the bars of Alcatraz.
Plus, Earth is about to get a visitor from outer space. Ahead, details on a piece of Cold War history that will soon come crashing down.
And why a soccer superstar is apologizing to her teammates after helping them win two World Cup championships.
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BARACK OBAMA, FORMER PRESIDENT OF THE UNITED STATES: Of course, this victory required Carli Lloyd and Carli's performance was so good that by the time the game was over, someone had changed her title on Wikipedia from "midfielder" to "president of the United States." Which, by the way, the job's about to open up.
UNIDENTIFIED FEMALE: Ready.
(END VIDEO CLIP)
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[06:13:55]
CORNISH: It is now 15 minutes past the hour. Here is your morning roundup.
So, the Trump administration planning to unveil its plan to transform America's air traffic control system and hire more workers.
(BEGIN VIDEO CLIP)
SEAN DUFFY, SECRETARY OF TRANSPORTATION: We are going to radically transform the way air traffic control looks. We're going to build a brand-new air traffic control system.
(END VIDEO CLIP)
CORNISH: Transportation Secretary Sean Duffy said the plan would be unveiled on Thursday. He also blamed the Biden administration for not updating the nation's airport infrastructure.
Potential jurors in the criminal trial of Sean Combs will be back at the courthouse in New York this morning. They were given a binder full of celebrities and places that could come up during the case to see what they know about them.
Combs has pleaded not guilty to multiple charges, including sex trafficking.
And look out below. Debris from a Soviet spacecraft that left Earth more than 50 years ago is expected to reenter the atmosphere this week.
Scientists believe it's a piece of a probe that failed to reach Venus in 1972. Experts say it could land almost anywhere, but the risk is small, and chances are, it will land in the water. Soccer star and two-time World Cup winner Carli Lloyd apologizing to
her teammates during her induction into the National Soccer Hall of Fame.
Now, she says over the years, she kept people at a distance as she tried to push herself. And she didn't want to show vulnerability. In fact, here's what she told CNN.
(BEGIN VIDEO CLIP)
CARLI LLOYD, SOCCER STAR: I had to figure out what worked for me and what was going to keep me going for 17 years.
I was always that person. I just was in that fight-or-flight mode and that survival mode of -- of doing what was necessary.
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CORNISH: Lloyd says she has no regrets, but wishes she had allowed more people to understand her over her 17-year career.
Still ahead on CNN THIS MORNING, protests at the University of Washington, leading to dozens of arrests overnight. We'll bring you the latest on how the protests unfolded.
Plus, President Trump's plan to put a tariff on foreign-made movies, sparking confusion in Hollywood and on Wall Street. So, how would this idea actually work?
And good morning to Vatican City. A live look at the chimney atop the Sistine Chapel. Rather, good afternoon. Tomorrow, we're going to be on the lookout for the white smoke that will tell the world when a pope has been chosen.
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[06:20:40]
CORNISH: I'm going to go off script for a moment about President Trump's plan for a 100 percent tariff on movies made outside the U.S., partly because it's, like, putting another industry in limbo.
You've got major media stocks going down, closing down yesterday. And a lot of these companies have some of the biggest box office hits this year. There's still more to come. Right? We're at the start of summer.
(BEGIN VIDEO CLIP)
TRUMP: Hollywood doesn't do very much of that business. They have the nice sign, and everything's good, but they don't do very much. A lot of it's been taken to other countries. And a big proportion.
And I'm actually going to meet with some because, you know, there's some advantages, I guess, and I'm not looking to hurt the industry. I want to help the industry.
(END VIDEO CLIP)
CORNISH: All right. Back from the group chat, Courtenay Brown, of course, economics reporter at Axios.
You were just sighing heavily, because the number of people who have been asking you whether or not it's possible to put a tariff on a service or on intellectual property. This stumped our panel yesterday.
So, for all of us at home, can you actually tariff something that's not a physical product?
BROWN: In the sense of -- in the traditional sense of how you think about a tariff, a physical good coming across the border, getting stamped by CBP, a company paying the tax that you have to pay.
CORNISH: Yes, but a fee is a fee. People charge me fees all the time.
BROWN: Yes. So, what does this look like for the consumer? Probably higher prices. But, like, how it gets distributed to the company that's putting the film out.
CORNISH: So, literally, who do you charge?
BROWN: Exactly.
CORNISH: Are you saying that because --
BROWN: And how?
CORNISH: Yes. Who makes the movie. How and what is the mechanism in which they are charged?
BROWN: Right, right.
CORNISH: OK, so California Governor Gavin Newsom popped up. He was like, what? Hello. This is my industry. And he proposed something that the industry is already very used to, which is a tax credit.
He wants a $7.5 billion tax credit to incentivize the film industry to create more films, to film them here in the U.S.
And I have to say, there was this kind of post-labor-strike flight from California when companies were, like, I'm going to go make my streaming project somewhere else.
BROWN: Right.
CORNISH: So, like, the industry is hurting, right?
BROWN: Right, right. So, I think this is, you know, President Trump has taken the stick approach. And something like a tax incentive would be the carrot approach.
And it's so interesting, because this conversation parallels with the one that's happening in the goods sector. Manufacturers that get inputs from abroad are asking, you know, we want to make more stuff here. We'd love to, but it's not that easy. And instead of hitting us with a stick, can we get a -- can we get a carrot?
CORNISH: You just begging for carrots here? Its only Tuesday, Courtenay. OK?
BROWN: Right. I'm hungry.
CORNISH: The other thing is the effect on markets. The response again, even as you said, they're not sure how it would happen. You saw that sort of again, just a little bit of a finger in the wind from Wall Street.
BROWN: Yes. This administration has taken their approach of announcing tariff first, figuring out how later. We saw this when they tried to rip off the de minimis exemption. It took months for that to go into effect, because they announced it. And then the Commerce Department was like, oh, wait, we haven't done this before. We need to go figure this out.
And so, they delayed it for a while.
And so, I think Wall Street is freaked out that, you know, we don't understand how this could work now. But what if the administration does figure it out, and there is some sort of tax on intellectual property?
CORNISH: We need to be ready.
BROWN: Right.
CORNISH: I don't know how we got through this conversation without saying "uncertainty," but it feels like that that can come into play again.
BROWN: Yes, the "U"-word is a big one. I think that is part of the stock decline that we saw yesterday. This idea of, you know, is the trade -- the trade war moving from something that's all been about goods, now into the services sector.
If you think about the economy as a giant pizza, the services sector is three quarters of that pizza, essentially. It's a huge part of the U.S.
CORNISH: The U.S. economy.
BROWN: Right.
CORNISH: Does that make us vulnerable to counter-tariffs? If anyone decides, well, maybe we should figure out how to do a tariff against a service.
BROWN: That's so interesting, because we're getting little flavors of that. Thinking about our conversation a few minutes ago with Canada, they kind of are doing some retaliation on the U.S. services sector.
We've seen tourism from Canada absolutely plummet. That means fewer people are staying in U.S. hotels. Fewer people are -- Fewer tourists are eating at U.S. restaurants that would have been doing so normally.
[06:25:10]
CORNISH: And there's been some boycott of goods abroad in other countries, as well.
BROWN: Exactly. Exactly.
CORNISH: So, that there is a way to hit us, so to speak, if people move in this direction.
BROWN: Yes, for sure.
CORNISH: All right. Courtenay, thank you so much. I hope to have you back. Appreciate it. Courtenay. You can read her reporting at Axios.
Now straight ahead on CNN THIS MORNING, Israel's new plan for Gaza. What it involves and what's the reaction to claims that Israel wants to conquer the territory?
Also, if you're planning to fly, heads up. A new rule goes into effect tomorrow.
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