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One World with Zain Asher
World Leaders Focused on Securing Trade Deals; Israel Says its Strikes Targeted Iran's Nuclear, Military, Fuel Sites; Minnesota Officials Hold News Conference on Lawmaker Shootings; U.S. & Canadian Leaders Met at the White House in May; Trump and Carney to Hold Bilateral Meeting; Trump: I Want Immigration Enforcement to Focus on Cities; The U.S. Federal Reserve Meets Later This Week. Aired 11a-12p ET
Aired June 16, 2025 - 11:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
[11:00:00]
(COMMERCIAL BREAK)
ZAIN ASHER, CNN HOST, ONE WORLD: All right, coming to you live from New York. I'm Zain Asher. Bianna Golodryga, my colleagues will be joining us in
the next hour. This is "One World". The Israel, Iran conflict is looming large over the G7 Summit, which is now underway in Canada. But it's not the
only crisis the heads of states are going to be discussing.
The leaders of Canada, France, Germany, Italy, Japan and the UK, and of course, the U.S. are attending the Summit in Alberta. Any moment now,
President Donald Trump is also going to be holding a bilateral meeting with the Canadian Prime Minister Mark Carney. Obviously, this is President Trump
arriving in Canada earlier, actually, on Sunday.
On the official agenda for Monday the global economy, including tariffs and alleged U.S. trade deals. Sessions on security, which will likely, of
course, focus on the Middle East and the crisis happening there in terms of Israel and Iran. The sessions will also be relatively short to allow more
time for one-on-one meetings that's going to be a key priority.
Those includes talks with invited guests, like, for example, Ukrainian President Volodymyr Zelenskyy on Tuesday, and Mexican President Claudia
Sheinbaum, Paula Newton joins us live now from the Canadian Rockies. So just in terms of the key priorities, I mean, obviously I touched on the
fact that security is going to be a key issue that's going to be discussed.
Of course, especially given what's happening between Israel and Iran right now. But really the priority in terms of what a lot of the leaders who are
attending are going to want to know is what Donald Trump's thoughts on where his head is at when it comes to tariffs.
PAULA NEWTON, CNN CORRESPONDENT: Yeah, and this is really a unique opportunity for these leaders at this point in time, so close to those
tariff deadlines Zain that they get to have pull sides, in some cases, bilateral meetings, to actually understand what are the president's
priorities when it comes to tariffs.
If he believes that some of them should still stay on most products, or if they can get back to freer trade with the United States. Look at the end of
the day, given the priorities internationally, we have just seen a new conflict between Israel and Iran. The escalation there continues.
But priority for so many of these countries, especially on the first day of the G7 will be the global economy, and obviously their economies and how
they can really mitigate some of the damage from those American tariffs? I want you to listen now to Donald Trump, before he left for this summit back
in Washington, and his opinion about what might be happening with those trade deals listen.
(BEGIN VIDEO CLIP)
DONALD TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA: We have our trade deals. All we have to do is send a letter. This is what you're going to
have to pay. But I think we'll have a few new trade deals.
(END VIDEO CLIP)
NEWTON: You know, what's interesting about this Zain is whether or not any of these leaders can really understand whether the president does want to
negotiate. And I think again, being here at the G7 on day one, especially, more of an intimate atmosphere, it is only the seven leaders and the EU
around the table and their delegations again and pull -- when they pull aside.
It's not like they're going to get detailed trade agreements, but they will likely get the bottom line from the president in terms of what kind of
deals are possible. At the same time, though, so much and Canadian officials have really underscored this Zain, so much of what goes on with
the global economy is underscored by the geopolitical conditions at this hour.
Even in places like Israel and Iran, we have seen oil prices, obviously spike in the last few days, given that conflict, all of that comes into
play Zain. A very complicated and nuanced day here at the G7 I want to stress there will not be a consensus G7 communique, but perhaps statements
in a targeted way on specific issues. And many of the players here hoping that the United States, Donald Trump, will sign on to those, Zain.
ASHER: What's really unfortunate, though, for Canada and all of this is that, yes, we are seeing some movement in the right direction when it comes
to trade deals, for example, with the United Kingdom. And also, you know what's happening with China, obviously, some kind of a framework of a deal
there as well.
But when you think about steel and aluminum tariffs, it's really moving in the wrong direction, going from 50 -- 25 percent tariffs to 50 percent
tariffs. What sort of impact is that having on Canadian businesses?
NEWTON: Yeah, you're absolutely correct. And certainly, the Canadian economy has been teetering. Unemployment is up, and certainly growth is
down. None of this a good scene for Canada, which is, again, Mark Carney trying to pivot.
What he has been able to do is have a good working relationship with the United States to at least underscore the fact that there is some work to be
done and they can cooperate on some things.
[11:05:00]
But that pivot that I'm talking about Zain has to do with the other leaders around the table, and Mark Carney is saying, look, perhaps we're not the G7
right? We are the G6 and we can maintain our trading relationships and make them stronger. No doubt exactly what you pointed to Zain.
There is no indication that the president intends to pull back on steel tariffs in any sense that 50 percent remains in place at this hour. And
that is why the Canadian Government Mark Carney, in particular, his strategy is to pivot as much as he can away from the United States.
Look, Mark Carney went out of his way to increase defense spending in the last week, saying Canada will finally meet its NATO target. He will present
that to the United States and Donald Trump and just saying, look, steel is integral not just to economies, but to the defense infrastructure as well.
Canada can be useful in that so many different issues come into play here. But you are correct that at this point in time, given Donald Trump's tenure
and his opinion on tariffs there, really do not have high expectations on so many of those tariffs being pulled back.
Donald Trump has said he has a floor on those tariffs. He may indeed negotiate to that floor, which might be hopefully 10 percent these
countries are hoping, but no, they want strong trading relationships that pivot away from the United States.
ASHER: All right. Paula Newton, live for us there. Thank you so much. Israel's Prime Minister says its air force controls the skies over Tehran
right now as the country's four-day conflict with Iran intensifies. Benjamin Netanyahu is urging Iranians to evacuate the capital, and the IDF
posted on social media that it would take action on a densely populated area in Tehran, which houses residential and government buildings.
Both sides are reporting fresh strike. Some residents of Tehran are taking stock and trying to flee the death toll on both sides right now, of course,
growing. Iranian officials say at least 224 people, most of them civilians, have been killed in all of this, since Israel launched a wave of airstrikes
on Iranian nuclear and military targets.
Israel says at least 24 people have been killed by Iranian missiles that penetrated its Iron Dome defense shield. Explosions were seen in the
coastal City of Haifa early Monday, where missiles hit near an oil refinery as Israel vows to intensify attacks. Iran is promising its response will
escalate as well.
(BEGIN VIDEO CLIP)
LT. GEN. EYAL ZAMIR, CHIEF OF THE GENERAL STAFF, ISRAEL DEFENSE FORCES: We will continue to intensify our operations, and in doing so, strengthen our
security for years to come, defending our home front is a critical component of this campaign.
MASOUD PEZESHKIAN, IRANIAN PRESIDENT: We are by no means seeking to expand the war, but naturally, as our army, our powerful IRGC and our dear people,
have shown appropriate responses have been given so far. The more they try to escalate, naturally, the responses will become tougher and more severe,
more innocent people may lose their lives.
(END VIDEO CLIP)
ASHER: CNN's Nick Paton Walsh joins us live now from London. So, Nick, four days into this, it's already far more intense than what we've experienced
when both sides have exchanged volleys in the past. What does an off ramp look like for Israel here?
NICK PATON WALSH, CNN CHIEF INTERNATIONAL SECURITY CORRESPONDENT: Yeah. I mean, I think it's possibly more what an off ramp looks like for Iran,
potentially here in that indeed, it does appear that Israel has, while not possibly clear skies for it to operate in over Iran, significant freedom of
movement.
And so, I think if you are an Iranian, sorry, if you're an Israeli military planner, now you're looking potentially at days, maybe a week plus, in
which you have the freedom to maneuver and hit Iranian military infrastructure and reduce, frankly, the capacity for Iran to be a threat in
the future after this conflict indeed ends.
And that may be behind the decision by the IDF to tell residents of Tehran's district three to evacuate, reminiscent of some of the
instructions given to residents of Southern Beirut during the operation against Hezbollah in the summer of last year in Lebanon. And I understand
that there are obviously some degree of panic in that particular area.
Unclear precisely what Israel may choose to hit in that part of Tehran, but it comes after a broader warning from Israel to get out of the capital. As
the strike seem to intensify around the reporting, we've had two of civilians caught in a lot of the explosions over the past days, as well.
As you saw there, the Health Ministry saying about 90 percent of the over 200 dead so far have indeed been civilians. The off ramp for Iran, though
potentially, may involve some sort of diplomatic solution here, but it's one of course the Israel has to be party to because the public precondition
we've heard from regional mediators that Iran is trying to put out there.
Is that it wants Israel strikes on it to stop before it will consider talks yet again, talks being exactly what U.S. President Donald Trump is perhaps
hoping this will lead to. But there may well be talks about an Iranian nuclear program that is vastly reduced, that is significantly not what was
being negotiated over just a week ago.
[11:10:00]
We don't know the extent of damage done to Natanz. There may be more damage being done as we speak to other facilities that perhaps part of what Israel
says is its race towards a nuclear weapon. This will learn over time.
But the ultimate question, I think, here, is for Tehran to assess how many days left it has of missiles that it can fire inadequate volume to
potentially overwhelm or get through Israel's air defenses. We have seen them potentially have a little more success in violating Israel's air
defenses in the past days or so that may be responsible for the larger death toll that's been seen in Israel that's been growing over the past day
or so.
How long can Iran sustain that? Does Iran want to find itself without much left in its stockpiles when this conflict potentially comes to an end, and
ultimately too? I think it's fair to say from the beginning, we've seen an Israeli government here with a plan that's aggressive, that it's sought to
execute, regardless of the public demands of the White House, that it doesn't launch a campaign that can get in the way of diplomacy.
And I think probably that Tel Aviv will just pursue its agenda and stop at a point where it's comfortable or feels that it's done the damage it needs
to, to Iran's military infrastructure and its nuclear program, rather than perhaps be swayed by the climate around it. That doesn't appear to have
dictated much Israel's policy over the past year or so.
So, some very difficult days ahead, certainly, I think, for Iranian's in the capital, if particularly evacuation orders like this spread to other
areas as well, that will cause significant panic and hardship on civilians, I should say, Israel's Defense Minister, Israel Kat clarifying his comments
over the weekend that if the Iranian barrage of missiles didn't stop that it would allow -- it would cause Tehran to burn, clarifying today that he
meant no harm to civilians at all, and Israel urging them to evacuate from the capital, Zain.
ASHER: And Nick you touched on just the level of damage that has been done, potentially to the Natanz facility. But when it comes to the Fordow
Facility, which, of course, part of which is buried underground, it's sort of in the side of a mountain. Can Israel really destroy that or severely
weaken that facility without U.S. involvement?
WALSH: We don't, at this stage, know the level of damage done. We don't know the level, for example, of damage Israel has been able to do by itself
until bombs hit a particular target. It's often very hard to dictate quite what the extent of the damage can indeed be done.
But there has been reporting suggesting that Israel would like to use bunker busting bombs that are only in an American arsenal. I'm sure that
publicly, the United States does not want to see itself dragged into this and therefore to be seen as publicly supplying those weapons at this stage,
the calculation the Trump White House, as we've seen over the past year in other areas --
(CROSSTALK)
ASHER: All right, Nick, I'm going to have to interrupt you. I'm going to have to interrupt you because officials in Minnesota actually holding a
news conference right now giving us an update on the suspect charged in the shooting Tuesday at lawmaker. Let's listen in.
MARY MORIARTY, HENNEPIN COUNTY ATTORNEY: Our most senior and experienced prosecutors are handling this case because this case is now an active
prosecution. That is all I will say about the case itself. It is a frightening time we are living in.
Political violence is prevalent, and the way we talk to and about each other has raised the temperature to unfathomable levels. We cannot continue
on this way. In times of tragedy, but also every day as we navigate our daily lives, we need to find ways to support one another.
As our community grieves, I encourage those out there seeking to create additional chaos to stop spreading misinformation and conspiracy theories.
Our law enforcement partners are building a case using facts and evidence to ensure Vance Boelter is held accountable. Again, I want to thank
everyone who helped bring this search to a resolution and again, to express our grief, condolences and support to the Hortman and Hoffman families.
SHERIFF DAWANNA WITT, HENNEPIN COUNTY, MINNESOTA: Good morning. I'm Dawnna Witt Sheriff of Hennepin County. I want to begin by expressing my deepest
condolences to all those impacted by the unspeakable tragedy, especially to the families.
I stand here with immense gratitude to the law enforcement agencies who responded with speed, strength and commitment to justice and public safety.
Thank you to the Brooklyn Park Police Department and the Champlin Police Department. Hennepin County is proud to have your team serving our
community as we grieve with you.
Thank you to all the local, state and federal agencies, hundreds of first responders came together to bring justice to an unthinkable act of
violence. Our mission was clear, protect the public, prevent further harm and hold the perpetrator accountable.
[11:15:00]
We all shared a singular goal justice rooted in public safety. Vance Boelter inflicted unimaginable harm to our community Saturday morning, and
he did it while impersonating the very people who are trusted to protect and serve. These violent acts strike at the heart of our democracy and the
safety of those who serve the public with dedication and courage.
Our hearts go out to Speaker Melissa Hortman and her husband Mark their families and their loved ones. We are also grateful Senator Hoffman and his
wife Yvette are expected to recover, and we will be here to support them during their long journey of healing and grief.
Today, the man hunt is over, but the investigation continues, and more importantly, the process to healing begins. We also need to mention that we
know that this unspeakable act has left residual effects on many people in our communities as we're still taking calls for people -- from people and
organizations asking for additional resources.
We grieve with those close to our victims, our families and all community members. The last days have revealed the true strength of our unity, for
both -- unity both as a community and as law enforcement, bound by shared mission to protect and serve. We stand together today to uphold the
principles of our democracy and with the continued commitment to safety and security of those we vow to protect and serve. Thank you.
ASHER: All right. You just been listening to a live press conference in Hennepin County in Minnesota. We heard briefly from the county attorney,
she's speaking right now again, and also a local sheriff. Both of them were essentially saying that it is a frightening time that we are living in.
Political violence certainly prevalent.
The county attorney there urged people not to spread misinformation or any kind of conspiracy theory. All of this happening after a two-day man hunt
came to a close after the arrest of Vance Boelter, the 57-year-old suspect who essentially killed Melissa Hortman, a Minnesota State Legislator and
her Husband, and also shot and severely injured John Hoffman, another State Legislator and his Wife. They are, however, expected, fortunately, to
recover.
I want to bring in CNN's Danny Freeman, who is in Minneapolis at the Hennepin County Jail. Obviously, this individual, the suspect who committed
this heinous act, has now been arrested. It happened early Sunday, just in terms of about 12 hours or so ago, late sort of Sunday night. I mean, this
community is deeply shaken by this. Just walk us through what we know at this point in time about a potential motive here.
DANNY FREEMAN, CNN CORRESPONDENT: Yeah, Zain, very deeply shaken. And you can tell even from listening to part of that press conference that while
there is a tremendous amount of relief that this man hunt is over, there's grief that's really filling that void or that space, because, again, a
beloved member of the state legislator was lost, and her husband as well.
But let me talk about what we know about this suspect, and kind of what is unfolding really as we speak today here in Minneapolis. We're talking about
57-year-old Vance Boelter. He was captured less than 48 hours after he allegedly opened fire on these two lawmakers' homes, shooting again, two
lawmakers and their spouses.
What was amazing Zain is that the Minnesota State Patrol, their state police say that this is the largest man hunt in Minnesota state history.
And he was actually apprehended about 50 miles southwest of where we are right now in a much more rural part of Minnesota. I was out there with
residents, and we were watching heavily armed police forces and SWAT teams going door to door knocking on resident's home.
ASHER: Danny, I'm sorry I have to interrupt you again. Danny, I have to interrupt you again because prosecutors are actually taking questions. So,
we're going to go back to that press conference now.
DREW EVANS, BUREAU OF CRIMINAL APPREHENSION, MINNESOTA DEPARTMENT OF PUBLIC SAFETY: -- now begins. They've been working collectively, and I want to
thank Hennepin County Attorney's Office and Mike Grammer, who's with us today, who worked really with our team all weekend long, along with others
across their office and the United States Attorney's Office, to be working together on that.
What I will say when it comes to his wife and anybody else, if anybody else participated in these crimes, if anybody else worked to hide him and
provide assistance in getting weighed, that will certainly be something that we are looking at with that, and we will provide that information to
our prosecutors that will analyze and determine whether or not additional charges are appropriate.
UNIDENTIFIED FEMALE: Do you -- how long you negotiated with him until he surrendered?
EVANS: Yeah, so it was -- I don't have the specifics. The question is, how long do we negotiate with him? It was a relatively short period of time
because they were moving in and he was cooperative. So, it wasn't a prolonged negotiation with him. It was more that they converged on him and
because of the extremely good coordination what they're doing I believe he's certainly in a position where he just had to give up because he knew
he was surrounded by who was there.
[11:20:00]
UNIDENTIFIED MALE: (Inaudible).
MORIARTY: Yeah, so if I could -- if I could just say, I think, as Drew said, we've shifted into prosecution right now. And so, I understand why it
was important to get information out there to the public, because there was a person who was suspected of these murders.
Right now, what we're trying to everybody up here is trying to do is to protect the integrity of the investigation. And so, I know there's a
tension. I know people want information, and right now we're really trying to focus on the investigation so that we don't have all kinds of
information out there.
So, that as law enforcement gathers that information, if we need to present it in court, there's integrity there. So, I know you all have questions,
but that's the reason we're really focusing on not sharing some information. Yes --
UNIDENTIFIED MALE: (Inaudible).
MORIARTY: Of course, yes.
UNIDENTIFIED MALE: (Inaudible) -- pontificating on the morning news. And if the feds take this, if it could be a death penalty case, I don't know the
specifics there? But what is -- what are we going to hear today from across the -- and do you want this case in your jurisdiction, in Hennepin County?
MORIARTY: So, I know that the feds are going to make an announcement and so they can speak for themselves. What I can assure our community is that we
have filed charges. As you know, we intend to seek first degree murder charges here, the penalty for that would be life without parole. So, we
intend to go forward on this case, because we are accountable to protect our community and hold people who commit crimes in this county accountable.
UNIDENTIFIED MALE: (Inaudible).
MORIARTY: Well, so as Drew said, there was plenty of coordination on finding him and all law enforcement, the Sheriff Brooklyn Park, BCA, FBI,
coordinated together to locate him. We certainly have been in conversation with the U.S. Attorney, and as I said, I think they're probably best able
to answer questions.
UNIDENTIFIED MALE: -- first appearance here, or is it going to be in federal court in Saint Paul?
MORIARTY: Well, what would happen, typically, is that he would make an appearance, a first appearance, in state court here at 01:30. We have been
told that the feds were going to pick him up at 10:00, and then the feds can answer other questions about that. Thank you so much.
ASHER: Let's go back to Danny Freeman in Minneapolis. So, the prosecutors there were essentially answering questions Danny. Some of the things that
we learned was that Boelter essentially fled on foot after he killed the Minnesota State Legislator, and then the manhunt, of course, as we know,
lasted about two days or so, and that he surrendered without incident.
We also learned that the state plans to pursue first degree murder charges, and the penalty for that would be life without parole. What else stood out
to you Danny?
FREEMAN: Well, just a few things Zain. We've been talking and as you noted Zain, that again, he was taken into custody without incident, which is
pretty remarkable considering we learned from a criminal complaint that we obtained earlier today that in his first car they had found three, AK-47
and a handgun. So, he was incredibly armed, but then he lost that car, as you noted, went on foot.
But when he was apprehended, he still was armed. So, it's incredible that ultimately, they were able to take him into custody without a shot being
fired. And I thought what was interesting from that state official who just spoke when asked, basically, how did that happen? Was there a long,
prolonged coercing of him out of the spot that he was in the woods there in Sibley County, in this rural area of Minnesota?
He said, really, from his perspective, it was because it was extremely coordinated, and they put him in a place where he essentially had to give
up. So that stood out to me as well. The other thing Zain, of course, we're watching is we've been keeping our eye on federal court documents.
There's going to be a Federal U.S. Attorney Press Conference in just a little bit. We're expecting charges to be announced against Mr. Boelter at
that particular time. And I think one of the questions was, would this state case proceed? And you heard clear there from the district attorney,
the full intention is to prosecute him locally, as you noted, bump those up to first degree murder charges.
And then do that essentially, it seems in tandem with what we assume will be a federal proceeding as well here. So, a lot of information just coming
out here. And again, remarkable that after such fear and terror in a lot of the parts of this community, that law enforcement was able to apprehend
this suspect again just shy of two days in.
ASHER: Danny Freeman, live for us there. Thank you so much. We're right back with more after this short break.
(COMMERCIAL BREAK)
[11:25:00]
ASHER: Updating you now on our top story, the G7 Summit is now underway in Canada, the seven countries will be focused on security and trade. But the
Israel Iran crisis, of course, looms large over the summit. Any moment now, U.S. President and Canadian Prime Minister Mark Carney, will begin a
bilateral meeting.
Let's dive deeper into U.S., Canada trade relations. We're joined live now by Matthew Holmes, Executive Vice President at the Canadian Chamber of
Commerce. I mean, obviously there are so many things that a lot of these leaders have to talk about, but as I mentioned, we're standing by for the
bilateral meeting between Mark Carney, Canadian Prime Minister, and also Donald Trump as well.
Top of their agenda is, of course going to be the trading relationship between both countries is of course coming after the U.S. decided to double
the steel and aluminum tariffs to 50 percent instead of 25 percent. Just walk us through what sort of impact that is having, already having and will
have going forward on Canadian businesses?
MATTHEW HOLMES, EXECUTIVE VICE PRESIDENT, CANADIAN CHAMBER OF COMMERCE: Yes. Well, it's certainly an important moment here in Banff in Kananaskis,
Alberta. Prime Minister Carney, having the opportunity to meet with President Trump directly so that they can discuss some of those deeper
trade issues and concerns between the two countries.
Because, of course, that's not on the informal agenda of the G7 but the fact that the G7 is taking place here gives them that chance for these side
meetings. And that's part of the importance of the G7 itself, a summit for some of the most important liberal democracies to connect. And so many of
them are new that many of them haven't had those opportunities yet. So that's important.
On the deeper Canada U.S. trade piece, the current tariff regime is really disruptive, and it will be quite costly to both economies, both Canada's
and the United States. If you look at aluminum, for example, Canada supplies about 75 percent of America's imported aluminum, and that's about
50 percent of the total aluminum.
One of the reasons for that is because we're right next door. We're a trusted trading partner. We've been trading in aluminum with the United
States since the Second World War, and that was actually by design, so that America could enter the war.
And the -- one of the reasons that Canadian aluminum is so reliable is because we have hydroelectricity, particularly in Quebec, which makes it
quiet, quite efficient and cost effective for the U.S. market to turn more smelting in America over to aluminum.
[11:30:00]
The costs for the energy would be quite considerable. It's about 40 percent of the cost for aluminum. So right now, with the trade deal, the tariffs
are really disrupting economies.
There are workers on lay off. There are entire sectors that are quite concerned, and we're watching closely for inflation to hit both markets.
We're quite concerned that this will ripple through the supply chain and eventually to the consumer themselves.
ASHER: So, the key to getting through to President Trump is approaching him from the sort of personal level. It's all about personal relationships with
him. And after the election in Canada, when Mark Carney became prime minister, his first sort of major key test was that, Oval Office.
I mean, it's literally every world leader sort of main test, that Oval Office meeting where you have to sort of perform, I guess, in front of the
cameras live and you don't know what the president is going to say.
HOLMES: Sure, yeah.
ASHER: Mark Carney, I think, really passed that test. I mean, he did well, the president does seem to respect him. Obviously, he has a business
background. He was head of the Bank of Canada, head of Bank of England as well, but just in terms of what happens at the bilateral meeting today,
given that personal relationships are so important to President Trump, what does Prime Minister Carney need to say this time around?
HOLMES: Well, I think you're quite right. There has been a reset in the relationship, and we could see that before the election, before Prime
Minister Trudeau stepped down, that we weren't going to get very far in this relationship. There just there didn't seem to be a lot of love lost
between the two leaders.
And so, there's been that reset. And what I took away from the Oval Office meeting wasn't so much the public meeting which was very important, and all
of the right senior people were around that room, but the fact that they had such a long meeting behind closed doors, and that, to me, tells me that
there are real conversations taking place, trust being built.
And it's a chance for both leaders to say, honestly, you know, here's what my problem is, here's what I'm concerned about. How can we work on this
together. And so, at the G7 summit kicking off, this is the first morning of the G7 right off the bat. President Trump and Prime Minister Carney are
having a meeting behind closed doors.
And I think that's very important for them to continue to build on that relationship and on that trust, because ultimately, Canada and the United
States have been each other's biggest trading partners for a very, very long time, and it's in both countries interest to continue that and to find
a way to do that.
ASHER: Is the problem the sort of level of tariffs, the fact that it's 50 percent on steel and aluminum, or is the problem more the fact that you
have no idea what the U.S.'s Trade policy is going to be from one week to the next? I mean, obviously one minutes, 25 percent the next minutes 50
percent the next minute, there could be some kind of working framework deal.
The next minute, the tariffs could be put on pause, and you have no idea whether the 50 percent is actually here to stay, or whether it's just a
sort of way to get Canada to the negotiating table. I mean, just the fact that there is so much uncertainty, and Canadian businesses don't know
what's going to happen next week. How much is that more the problem than the actual tariffs themselves?
HOLMES: Yeah, you've really nailed it there. The uncertainty for business is toxic, and what that does is it freezes major decisions, whether that's
a capital investment, whether that's job hirings, whether that's a product launch or setting up a new manufacturing site.
All of those decisions suddenly slow down or stop entirely, because the rules of the game aren't clear, and when the trading position and the
tariff rules keep changing, the goal posts are changing, nobody knows the rules of the game, and so that's a big issue. Now the tariffs themselves at
50 percent for key industries like steel and aluminum.
Steel in particular, that will be very damaging. It could undermine the entire Canadian steel industry over time, depending on how long that
happens, if the Canadian steel industry is undermined, it's likely then that we will be turning to international sources of steel, which are the
concern of the American government.
You know, flooding from non-competitive markets or state actors that don't play by the rules is their major concern. Canada has that same concern, and
in fact, last summer, put in place tariffs on steel and aluminum from China, in lockstep with the United States. We were allies in that, and we
were absolutely with the U.S. on that common issue and that common concern.
So, I think we have a shared interest here, and our economies are very reliant on each other's materials. So again, it's getting to a trade
relationship where the rules are clear, where we have the trust and that everybody is abiding by the same agreement.
[11:35:00]
ASHER: Right, Matthew Holmes, live for us there. Thank you so much appreciate it.
HOLMES: Thank you.
ASHER: All right. This just into CNN, a reported Israeli missile strike has targeted the Iranian state TV broadcaster. So, as you just saw, literally,
there was an attack that took place while a newscaster, newscast, rather, was underway. You saw the newscaster sitting there, basically reading the
news.
And then, of course, her building where she was broadcasting from, was attacked. She had to evacuate the set, their state media says the
broadcaster was delivering a monolog when the attack happened. We'll bring you more details about that as and when we get them. All right, let's bring
back Nick Paton Walsh.
So, Nick, just in terms of you and I were talking about this earlier, just in terms of a potential off ramp between either side. I mean, obviously one
of the things that President Trump is aiming for here is that Iran is so weakened that they are forced to get back to the negotiation table. What
more can you tell us about that strategy?
WALSH: Yeah, I mean, we don't entirely, at this point know that that is the full focus of the White House strategy here, there appears to be a
suggestion from President Trump that he would like talking to occur, that he thinks talking is occurring at this point, although some regional
mediators have said to CNN that they don't believe the Iranians are willing to speak while the Israeli strikes against them, indeed continue.
But a lot could be occurring privately and secretly that we don't necessarily know about at this stage. But I think you face an issue now
too, where, if indeed, the Israelis continue to hit Iran to the point where it is perceived to be exceptionally weak, that it will be hard for them to
seek a diplomatic off ramp and therefore enhance furthermore that weakness.
Just let me go back, Zain, to that video you keep playing of the attack on the Iranian state broadcast of their IRINN. Now, as you say, we don't know
more details about how this may have occurred. It does come not long after Israel's Defense Minister, Israel Katz, particularly outspoken over the
past days, had said that the Iranian propaganda and incitement mouthpiece is on its way to disappearing, and that the evacuation of nearby residents
has begun now.
I think he's referring there to a post by the IDF in their Farsi language x.com account in which they ordered people to leave district three of
Tehran, a massively populated area, a huge task. We understand that it's caused obviously significant panic.
Remember back in southern Beirut last year when Israel took on Hezbollah in Lebanon, similar evacuation orders were given, and then significant
destruction and civilian casualties followed as a result but still reports coming in now. So exactly what occurred there. The state broadcast those
images you saw just then,
ASHER: Right. Nick Paton Walsh live for us there. Thank you so much. OK, U.S. President Donald Trump is meeting right now with Canadian Prime
Minister Mark Carney on the sidelines of the G7 Summit in Alberta. This video is actually from moments ago. Let's listen in.
TRUMP: I know.
MARK CARNEY, PRIME MINISTER OF CANADA: All right. Thank you. Mr. President, welcome to Canada.
TRUMP: Thank you --
CARNEY: That's a great honor. Happy birthday a few days short -- a few days short but didn't have a chance to see you on the day. Happy birthday to the
U.S. military as well. 250th and this is the 50th birthday, if you will, of the G7. This marks the 50th birthday of the G7 and the G7 is nothing
without U.S. leadership.
And so, and your personal leadership and leadership in the United States, many issues, geopolitics, economic, technology and working hand in hand
with the United States, Canada, the United States and the other G7 partners with your leadership. Very much looking forward to the meeting -- grateful
to have you.
TRUMP: Thank you very much, Mark. I appreciate it, and we've developed a very good relationship, and we're going to be talking about trade and many
other things. And we have a whole group of people, some traders and some other people. I see my top economy people, but we have a very talented
group of people, and you do too, and I know they work together very well.
I look forward to that the G7 used to be the G8 Barack Obama and a person named Trudeau didn't want to have Russia in. And I would say that that was
a mistake, because I think you wouldn't have a war right now if you had Russia in, and you wouldn't have a war right now if Trump were president
four years ago.
[11:40:00]
But it didn't work out that way, but it used to be the G8 and now it's, I guess, what's that nine years ago, eight years ago, it switched over there.
They threw Russia out, which I claimed was a very big mistake, even though I wasn't in politics then I was very loud about it.
It was a mistake in that, you spend so much time talking about Russia, and he's no longer at the table, so it makes life more complicated, but you
wouldn't have had the work. And other than that, I think we're going to accomplish a lot, and I expect to, and I think our primary focus will be
trade and trade with Canada, and I'm sure we can work something out.
CARNEY: Yeah --
TRUMP: Thank you very much.
CARNEY: Yeah -- so much --
UNIDENTIFIED FEMALE: -- Mr. President, what is holding up a deal with Canada from your perspective?
TRUMP: It's not so much holding up. I think we have different concepts. I have a tariff concept. Mark has a different concept, which is something
that some people like, but we're going to see if we can get to the bottom of it today. I'm a tariff person. I've always been a tariff simple.
It's easy, it's precise, and it just goes very quickly. And I think Mark has a more complex idea, but also very good. So, we're going to look at
both, and we're going to see what we're going to come out with, something else --
UNIDENTIFIED FEMALE: -- Do you think a deal is achievable within days, within weeks? Is there that kind of runway?
TRUMP: Yeah, it's achievable. Both parties have to agree. Yeah, sure.
UNIDENTIFIED FEMALE: -- Have you heard any signals or seen any messages from intermediaries that Iran wishes to de-escalate the conflict.
TRUMP: Yeah.
UNIDENTIFIED FEMALE: What have you heard? What have you heard from the Iranians?
TRUMP: They'd like to talk, but they should have done that before. I had 60 days, and they had 60 days, and on the 61st day, I said, we don't have a
deal. They have to make a deal, and it's painful for both parties, but I'd say Iran is not winning this war, and they should talk, and they should
talk immediately, before it's too late.
UNIDENTIFIED FEMALE: And what would you say, in your opinion, what would it take for the U.S. to get involved in this conflict, militarily?
TRUMP: I don't want to talk about --
UNIDENTIFIED FEMALE: And you mentioned Putin. Do you think that he should have a seat at the G7 today that it should be the G8?
TRUMP: I'm not saying he should at this point, because too much water has gone over the dam, maybe, but it was a big mistake. Obama didn't want him.
And the head of your country, the proud head of your country, didn't want him. This was a big mistake. You wouldn't have that war.
You know, you have your enemy at the table. Even, I don't even consider him. He wasn't really an enemy at that time. There was no concept. If I
were president, this war would have never happened. But likewise, if he were a member of that, what was called the G8 at that time, it was always
the G8 you wouldn't have a war right now.
UNIDENTIFIED MALE: Why not --
UNIDENTIFIED FEMALE: -- Intelligence support, are you providing Israel?
TRUMP: We've always supported Israel. We have for a long period of time, strongly, and Israel is doing very well right now.
UNIDENTIFIED MALE: -- biggest economy in the world, after the United States?
TRUMP: Well, it's not a bad idea. I don't mind that. If somebody wants to suggest China coming in, I think we suggest, but you want to have people
that you can talk to, you know they don't talk. Putin speaks to me. He doesn't speak to anybody else. He doesn't want to talk because he was very
insulted when he got thrown out of the GA as I would be, as you would be, as anybody would be.
He was very insulted. And I mean, he was thrown out by Trudeau, who convinced one or two people along with Obama, he was thrown out, and he's
not a happy person about it. I can tell you that -- he doesn't even speak to the people that throw him out, and I agree with him -- Go ahead.
UNIDENTIFIED MALE: -- immigration. Why are you ordering ICE to target democratic inner cities? What's behind that?
TRUMP: I don't know what you're saying.
UNIDENTIFIED MALE: You did a post last night where you said you want ICE to really target Democrats --
TRUMP: I want them to focus on the cities, because the cities are where you really have what's called sanctuary cities, and that's where the people
are. I look at New York. I look at Chicago. I mean, you got a really bad governor in Chicago and a bad mayor, but the governor is probably the worst
in the country, Pritzker, but I look at how that city has been overrun by criminals.
And, you know, New York and L.A., look at L.A., L.A. those people weren't from L.A. They weren't from California, most of those people, many of those
people. And yeah, that's the focus. Biden allowed 21 million people to come into our country. Of that, vast numbers of those people were murderers,
killers, people from gangs, people from jails. They empty their jails out into the U.S.
[11:45:00]
Most of those people are in the cities, all blue cities, all Democrat run cities, and they think they're going to use them to vote. It's not going to
happen.
CARNEY: -- That's it. Thank you. You don't mind just -- exercise my role, if you will, as G7 chair, since we have two more minutes with the president
and his team, and then we actually have to start the meeting to address some of these big issues. So, thank you. Thank you. Thank you --
ASHER: All right, you've just been listening to the start of the bilateral meeting between Canadian Prime Minister and of course, President Trump.
These two men have a good working relationship that seems very cordial, but obviously there are major sticking points between them, especially as it
pertains to tariffs.
You heard Donald Trump there say, listen, I am a tariff person. Of course, he acknowledged that the two men don't see eye to eye. Canada is contending
with 50 percent tariffs on both steel and aluminum. He did touch on geopolitics, essentially saying that Russia should be part of the G8 or
should have been part of the G8 blaming Obama for kicking Russia out and saying that we wouldn't be in this war between Russia and Ukraine if that
hadn't been the case.
He also touched on the war happening right now with Israel and Iran, saying that Iran does want to talk. Essentially, Iran does want to negotiate,
because they know they don't win this war. But he backed away from a question about what it would take for the U.S. to actually get involved in
the war between Israel and Iran.
I do want to bring in Paula Newton to answer more questions on this. So, Paula, this is the second time I believe the two men have actually met.
Obviously, we saw the meeting right after in the Oval Office, right after Mark Carney actually got elected, and that seemed to go very well.
Mark Carney did sort of pass that diplomatic test, so to speak. So obviously, the two men do have a good working relationship. What does Mark
Carney actually need to say to the president as it pertains to tariffs? Because obviously that is a key economic issue for Ottawa.
NEWTON: Well, a lot to get through here, Zain, in terms of that photo opportunity right there. And before we get to that, I'm going to answer
your direct question right now. In this photo opportunity, Donald Trump made it clear that his baseline is tariffs. He likes tariffs. He thinks
they're a very good mechanism.
He said that Mark, what he calls the Canadian Prime Minister, has another idea which might be equally as good, that is already a huge win for Canada,
and not just for Canada, Zain, I want to point out that this is a framework for what the UK already has in place and what European allies and Japan
would also like in place, in terms of dealing with a president who still wants to use tariffs.
But perhaps doing a combination of things like a low, you know, a low ceiling on tariffs, perhaps 10 percent but then maybe going to something
else in terms of quotas or perhaps trading off the relationship and looking at ways that, you know, these allies can bend a little bit, and then the
United States can bend a little bit.
All of this is incredibly complicated, but what these allies are looking for is a framework. OK, so we've dealt with that in terms of tariffs, Zain,
what happened there at the top of that photo opportunity is exactly what Canadian officials did not want to happen. Listen, there is very limited
time.
The president is not really going to be in a position where he can have these pull asides in this intimate setting here in the Canadian Rockies.
And they want to have that one-on-one time with the president. In fact, the delegations have even kept to be in very tight circles for this reason.
And instead, you saw a president who wanted and encouraged questions from the media. In terms of taking those questions, he did indicate as well that
he does not believe that Russia shouldn't be at the table right now. He seemed to concede that too much has gone on for Russia to ever enter again
into this kind of a summit, and yet he continued to press his grievances as to why Russia was not at the table.
Again, a lot of good things you can take from that conversation. It says that he basically indicated the president that he was ready to sit down and
negotiate on a wide range of issues, but on the other hand, still pressing a lot of those old grievances, Zain.
ASHER: All right, Paula Newton, live for us there. Thank you so much. We'll be right back with more after the short break.
(COMMERCIAL BREAK)
[11:50:00]
ASHER: As the conflict between Israel and Iran rages on, the global oil market is on edge. Iranian missiles hit a near, hit near, rather an Israeli
oil refinery in the Coastal City of Haifa. On Monday, Israel struck key natural gas fields in Iran over the weekend. It is one of the largest
natural gas sites in the world.
Let's look at how oil markets are reacting. Let's take a look here. Brent crude and WTI crude are both down actually. Anna Stewart is watching oil
for us, oil prices. I mean, one of the reasons why it's down is primarily because, I mean, it's not what people would expect, right?
But it is primarily because oil supply has not yet been disrupted, despite four days of this war. Just walk us through that.
ANNA STEWART, CNN CORRESPONDENT: -- concern, I think on Friday, that there could be a bigger disruption to oil. So, on Friday, WTI, for instance,
Brent, was up around, sort of $78 a barrel. So, it's falling quite significantly since then and through today, and that is largely due to the
current impact in terms of oil facilities in Iran are looking very much at domestic supply.
I think if you saw one of their big export facilities being hit, you could see more of a reaction in terms of oil prices. And also, the biggest risk,
really, for oil traders at least, is any kind of disruption to the Strait of Hormuz. Now, this is the very narrow body of water between Iran and
Oman.
It's just 21 miles across it at one point, but a fifth of the world's global oil trade runs through it, about a quarter when it comes to the
world's LNG. And on Friday, I think some investors were concerned that perhaps you could see, you know, the Strait of Hormuz is being targeted.
Perhaps you could see some just shut down, and that would have a material impact on oil supplies. Now, clearly investors feel like those concerns
have been allayed somewhat over the weekend, so we're seeing a bit of a pullback there. But of course, that could change in the coming days.
So that is one to watch when you're looking at Iran. It's that narrow body of water, the Strait of Hormuz, that is really the big issue for oil
supply.
ASHER: Just in terms of what we're watching this week. I mean, all of this, of course, comes as the fed, the Fed is going to be meeting this week. I
mean, what are we expecting? A lot of people are saying that we're not necessarily expecting any changes this time. We would expect that. People
are saying we might expect that to happen later on this year, but not this time. Give us your take, Anna.
STEWART: Yeah, it's been interesting just to see how all this is going to play, actually, into global markets, and also into these big central bank
decisions. The Federal Reserve meets on Wednesday. No change expected there, and I don't think this is going to weigh on that at all.
However, oil prices, of course, are something that investors watch very, very closely. If oil prices were to rise significantly, that will stoke
inflation, and that will restrict what central banks can do in the future in terms of rate cuts, rate cuts being something that President Trump would
like to see many more of in the United States.
And I think there have been sort of pair back expectations in terms of how many rates cuts you could see in the U.S., just based on the last few days.
So again, this is another reason we need to keep our eye on oil prices, and why actually sort of matters to consumers all over the world because oil
prices have a big impact when it comes to inflation and how much you pay on your interest rates.
ASHER: -- it does, right? Anna Stewart, live for us there in London. Thank you so much. And stay with CNN. I'll have more "One World" after the break
with my colleague, Bianna Golodryga.
[11:55:00]
We will be back --
(COMMERCIAL BREAK)
END
