Transcript - Press Conference: Joe Biden and Justin Trudeau of Canada Hold a Joint Presser - March 24, 2023 | Factba.se

Justin Trudeau

00:00:00 - 00:00:05 ()

[As interpreted] Good afternoon, everyone.

Justin Trudeau

00:00:05 - 00:00:13 ()

[In English] It is a real pleasure to welcome my friend President Biden, Joe, to Canada this week.

Justin Trudeau

00:00:13 - 00:00:26 ()

We had the opportunity to discuss the progress made under the February 2021 Roadmap for a Renewed U.S.-Canada Partnership, a plan our countries put forward a month after the President was sworn in.

Justin Trudeau

00:00:26 - 00:00:52 ()

[In French] [As interpreted] Today, with President Biden, we've made progress on several important files. And I'd like to mention some of our common priorities: growing the middle class, strengthening the economy, making life more affordable for people, fighting climate change and protecting the environment, protecting our citizens and our values.

Justin Trudeau

00:00:52 - 00:01:01 ()

[In English] In this serious time, with all the challenges we face, we're doubling down on our partnership and on our friendship.

Justin Trudeau

00:01:01 - 00:01:22 ()

As I said earlier today, economic policy, climate policy, and security policy aren't just connected; they're one in the same. Both the President and I agree on this, and that's why we launched a joint Energy Transformation Task Force that will accelerate our work on clean energy and clean tech.

Justin Trudeau

00:01:22 - 00:01:44 ()

This will include securing and strengthening electric vehicle and critical mineral supply chains, and other areas to advance our collective energy security. Of course, an integrated approach means creating good middle-class jobs for workers on both sides of the border, and it will make our collective economic growth stronger and more resilient.

Justin Trudeau

00:01:44 - 00:01:53 ()

Securing and developing critical mineral supply chains is essential to making things like batteries, computers, phones, and semiconductors.

Justin Trudeau

00:01:53 - 00:02:18 ()

[In French] [As interpreted] Canada and the United States have agreed to put in force a system for building semiconductors. And so, I'd like to announce today that we have signed an agreement with IBM to extend to the ability and capacity for the installations in Bromont, Quebec, to develop new capacity.

Justin Trudeau

00:02:18 - 00:02:40 ()

Demand is on the rise, as is competition. Canada's investment in semiconductors, which will be up to 250 million dollars, will make it possible to enhance the competitivity of the North American economy, create jobs for the middle class, and to draw on Canadian talent, in addition to reducing pollution.

Justin Trudeau

00:02:40 - 00:02:49 ()

[In English] In addition to cutting pollution and fighting climate change, the President and I also worked on protection -- protecting more nature as well.

Justin Trudeau

00:02:49 - 00:03:14 ()

Canada and the U.S. share the longest land border in the world. We share three oceans and the Great Lakes. The Great Lakes are a source of drinking water for 40 million people, and this shared resource needs to be protected. This is why Canada will make a major new investment of 420 million dollars to continue safeguarding the Great Lakes for generations to come.

Justin Trudeau

00:03:14 - 00:03:27 ()

Whether it's on protecting our shared waters, including in the Arctic, conserving biodiversity, or building strong net-zero economies, Canada and the U.S. will continue to work together as partners.

Justin Trudeau

00:03:27 - 00:03:42 ()

We'll also continue to work together as partners to keep our people safe. Keeping people safe also includes keeping asylum seekers safe, keeping our borders secure, and keeping our immigration system strong.

Justin Trudeau

00:03:42 - 00:04:01 ()

Both of our countries believe in sair- -- safe, fair, and orderly migration; refugee protection; and border security. This is why we will now apply the Safe Third Country Agreement to asylum seekers who cross between official points of entry.

Justin Trudeau

00:04:01 - 00:04:13 ()

After midnight tonight, police and border officers will enforce the agreement and return irregular border crossers to the closest port of entry with the United States.

Justin Trudeau

00:04:13 - 00:04:30 ()

[In French] [As interpreted] When the agreement comes into force as of midnight tonight, border officers will return people crossing the border to the closest Canada-U.S. border crossing.

Justin Trudeau

00:04:30 - 00:04:45 ()

Our teams have worked hard to achieve this agreement. All of the work will make it possible to deter irregular immigration at our borders while at the same time we increase regular migration and immigration.

Justin Trudeau

00:04:45 - 00:04:49 ()

[In English] Keeping people safe is always our top priority.

Justin Trudeau

00:04:49 - 00:05:11 ()

Last year, I had the opportunity to visit NORAD personnel in Colorado. NORAD plays a central role in detecting, deterring, and defending against aerospace threats to our shared continent. NORAD has protected North America for over 60 years, and we're continuing our work to meet the evolving security challenges we face today.

Justin Trudeau

00:05:11 - 00:05:37 ()

Canada is making major investments to modernize surveillance systems. And on top of that, we will invest to modernize and build new infrastructure to support the arrival of our 88 new F-35 fighter jets so that, most importantly, we can support our men and women in uniform who keep us safe. This bolsters Canada's defense abilities for the coming decades.

Justin Trudeau

00:05:37 - 00:05:56 ()

Of course, protecting our countries also means continuing our work to make our borders more secure and keep people safe. The opioid overdose crisis is having devastating consequences in our communities. We're going to disrupt the cross-border movement of chemicals used in the illegal production of fentanyl.

Justin Trudeau

00:05:56 - 00:06:09 ()

Canada and the United States will build a global coalition against synthetic drugs. We must stop the traffic of synthetic opioids while at the same time focusing on a public health response.

Justin Trudeau

00:06:09 - 00:06:23 ()

If we want to keep Canadians and Americans safe at home, we have to continue defending our values around the world, values like democracy, the rule of law, and respect for the international rules-based order.

Justin Trudeau

00:06:23 - 00:06:35 ()

Today, we reaffirmed our steadfast support for the Ukrainian people as they defend themselves against Putin's brutal, barbaric invasion.

Justin Trudeau

00:06:35 - 00:06:49 ()

[In French] [As interpreted] We also talked about other parts of the world that are experiencing difficulties, like Haiti. As I said, Canada will keep Haiti in the heart of the solution for resolving this crisis.

Justin Trudeau

00:06:49 - 00:07:07 ()

Today, I'm announcing that Canada will invest an additional 100 million dollars to provide better police support to the National Police Force in Haiti. We will also impose additional sanctions on two other members of the Haitian elite who are benefiting from insecurity and violence.

Justin Trudeau

00:07:07 - 00:07:15 ()

We are determined to increase international support for Haiti, including through humanitarian assistance.

Justin Trudeau

00:07:15 - 00:07:34 ()

President Biden and I had very productive meetings. As I said a little earlier, our economic measures are also climate measures, security measures. The President recognizes the importance of acting on all of these fronts.

Justin Trudeau

00:07:34 - 00:07:51 ()

[In English] Mr. President, the last time we stood together in this very room, you were the outgoing Vice President, and we were embarking upon some challenging times in our relationship as a country -- as two friends and countries.

Justin Trudeau

00:07:51 - 00:08:13 ()

I have to say, through our conversations back then, through the work we've been able to do over these past two years, it has truly been an honor to be able to work with you for the benefit of Canadians and Americans, but also to continue to have a positive impact on the world in a very uncertain time.

Justin Trudeau

00:08:13 - 00:08:31 ()

And your speech in Parliament a few minutes ago was filled with optimism, grounded in a deep faith in people and the character of the citizens we serve and their ability to step up and meet the challenges before us.

Justin Trudeau

00:08:31 - 00:08:41 ()

Like we have for many years, we will continue to work shoulder to shoulder as allies and friends to bui- -- build a better future for Canadians and Americans alike.

Justin Trudeau

00:08:41 - 00:08:47 ()

It is always a pleasure to stand beside you. It is always a pleasure to work with you. Right now, it's a pleasure to hand it over to you, Joe.

Joe Biden

00:08:47 - 00:08:56 ()

Well, thank you very much, Mr. Prime Minister. And I can't think of a challenge we haven't met together when we sought to do it together.

Joe Biden

00:08:56 - 00:08:58 ()

[Clears throat] Excuse me.

Joe Biden

00:08:58 - 00:09:23 ()

Before I speak of the progress of this trip, I was informed by my national security team, on the way over here, that -- about an attack in Syria yesterday. An Iranian-backed militant group used an unmanned aerial vehicle to strike one of our facilities, causing several American casualties. One of our citizens tragically died in that attack.

Joe Biden

00:09:23 - 00:09:30 ()

And on the flight up yesterday, I spoke with our national security team and ordered an immediate response.

Joe Biden

00:09:30 - 00:09:39 ()

Last night, U.S. military forces carried out a series of airstrikes in Syria targeting those responsible for attacking our personnel.

Joe Biden

00:09:39 - 00:09:47 ()

My heart and deepest condolences go out to the family of the American we lost, and we wish a speedy recovery for those who are wounded.

Joe Biden

00:09:47 - 00:09:55 ()

But I'm also grateful for the professionalism of our service members who so ably carried out this response.

Joe Biden

00:09:55 - 00:10:07 ()

And to make no mistake: The United States does not -- does not, I emphasize -- seek conflict with Iran, but be prepared for us to act forcefully to protect our people.

Joe Biden

00:10:07 - 00:10:19 ()

That's exactly what happened last night. And we're going to continue to keep up our efforts to counter terrorist threats in the region, in partnerships with Canada and other members of the coalition, to defeat ISIS.

Joe Biden

00:10:19 - 00:10:22 ()

Now, let me get to today's business.

Joe Biden

00:10:22 - 00:10:31 ()

It's wonderful to be back in Canada. I'm honored I had a chance to address Parliament this afternoon. They were very patient, and I appreciate it.

Joe Biden

00:10:31 - 00:10:49 ()

And, you know, a little over 75 years ago, in his own address to Parliament, President Truman said, "[DEL: No :DEL] [Our] two nations are called upon to make great contributions to the world's rehabilitation." And, well, we are making great contributions to the world's rehabilitation, in my view.

Joe Biden

00:10:49 - 00:11:00 ()

Today, as we stand at -- as I said today -- an inflection point in history, our nations are once again called upon to lead. And together, I believe we're answering the call.

Joe Biden

00:11:00 - 00:11:07 ()

First, we've unleashed an economic potential of our people and our partnership -- a partnership that generates more than

Joe Biden

00:11:07 - 00:11:11 ()

$2.5 billion in trade every single day.

Joe Biden

00:11:11 - 00:11:21 ()

Secondly, we're transforming our hemisphere into a clean energy powerhouse, including extending the Inflation Reduction Act tax credits to electric vehicles assembled in Canada.

Joe Biden

00:11:21 - 00:11:31 ()

And as we discussed over the last two days, we're also strengthening our supply chains for critical minerals and semiconductors that power our everyday lives.

Joe Biden

00:11:31 - 00:11:44 ()

And today, we're making a -- $50 million available through the Defense Production Act to incentivize more U.S. and Canadian companies to invest in packaging of these semiconductors and printed circuit boards.

Joe Biden

00:11:44 - 00:11:47 ()

I also want to emphasize what I said earlier in Parliament:

Joe Biden

00:11:47 - 00:12:01 ()

that Canada and the United States always will have each other's backs. And we see this through NORAD as we work to modernize the world's only -- and I emphasize it again -- the only binational military command. There's none other in the world.

Joe Biden

00:12:01 - 00:12:06 ()

And we see it through NATO, where we're ensuring that we can meet any threat.

Joe Biden

00:12:06 - 00:12:27 ()

And over the last year, we've seen it through our strong and unified support for the brave people of Ukraine, to which the Prime Minister spoke so masterfully today in the Parliament. And stepping into -- up to provide critical humanitarian aid, as well as security assistance. And for Canada's embrace of Ukrainian refugees.

Joe Biden

00:12:27 - 00:12:49 ()

And as we head into the second year of Russia's brutal invasion, our -- our -- our unity is not going to break. We're going to keep the pressure on Putin through our historic sanctions and tariffs. And we're going to continue providing Ukraine with training, equipment, the humanitarian assistance it needs and to defend itself against Russian aggression.

Joe Biden

00:12:49 - 00:12:57 ()

And finally, as we deepen the global cooperation, we're also expanding our regional col- -- collaboration.

Joe Biden

00:12:57 - 00:13:06 ()

As we discussed today, we're doubling down on our work to disrupt synthetic drugs, which have claimed too many American and Canadian lives.

Joe Biden

00:13:06 - 00:13:20 ()

By bolstering our work together in the North American Drug Dialogue with Mexico and building a new global coalition against synthetic opioids, we're working to get these killer drugs like fentanyl out of our communities.

Joe Biden

00:13:20 - 00:13:32 ()

And together, under the Los Angeles Declaration on Migration and Protection -- and the Prime Minister has already spoken to it -- we're also making good on our commitment to address the historic levels of migration in our hemisphere.

Joe Biden

00:13:32 - 00:13:41 ()

Since we created dedicated pathways in the United States, the number of migrants arriving on our southern border has dropped precipitously.

Joe Biden

00:13:41 - 00:13:50 ()

And I commend Canada for stepping up with a similar program, opening new legal pathways for up to 15,000 migrants to come to Canada from countries in the Western Hemisphere.

Joe Biden

00:13:50 - 00:13:58 ()

Mr. Prime Minister, Canada and the United States has always been partners in progress. And today, we're once again called to lead.

Joe Biden

00:13:58 - 00:14:07 ()

I know that the United States can count on Canada to be our friend, doing the hard work, doing the historic work, doing the work that matters, and we're doing it together.

Joe Biden

00:14:07 - 00:14:17 ()

I truly believe we'll only make -- we're going to make some great contributions. And I -- I am optimistic about the future. And that's not hyperbole. I'm optimistic. I really am.

Joe Biden

00:14:17 - 00:14:25 ()

We're going to make a better future for the people of Canada and the American people and, in consequence, for the whole hemisphere and around the world.

Joe Biden

00:14:25 - 00:14:26 ()

Moderator

00:14:26 - 00:14:29 ()

Thank you, Mr. President, Prime Minister.

Moderator

00:14:29 - 00:14:36 ()

We'll be taking two questions from the American delegation, two questions from the Canadian delegation. One question and one follow-up.

Moderator

00:14:36 - 00:14:40 ()

Mr. President, first question over to you.

Joe Biden

00:14:40 - 00:14:45 ()

All right. I guess the first person I'm calling on is Josh. Josh Boak. Josh?

Question

00:14:45 - 00:14:50 ()

Thank you, Mr. President. Two questions, one for each of you.

Question

00:14:50 - 00:15:13 ()

Mr. President, you talked today about the security and economic partnership with Canada. President Xi just went to Russia and expanded China's economic commitment with that country. Why do you think many leading countries are choosing to form competing partnerships? And what does that mean for the world?

Joe Biden

00:15:13 - 00:15:13 ()

Question

00:15:13 - 00:15:15 ()

Prime Minister Trudeau --

Joe Biden

00:15:15 - 00:15:17 ()

Question

00:15:17 - 00:15:31 ()

-- Canada recently banned TikTok on government devices. Knowing what you know, are you comfortable with the idea of your children or family members using TikTok? Thank you.

Joe Biden

00:15:31 - 00:15:35 ()

I respond to the question first here?

Joe Biden

00:15:35 - 00:15:45 ()

Well, first of all, look, in 10 years, Russia and -- and China have had 40 meetings. Forty meetings.

Joe Biden

00:15:45 - 00:16:02 ()

And I disagree with the basic premise of your question. I have -- we have, you know, significantly expanded our alliances. I haven't seen that happen with China and/or Russia or anybody else in the world.

Joe Biden

00:16:02 - 00:16:13 ()

We're in a situation in the United States where NATO is stronger, we're all together -- the G7, the Quad, the ASEAN, Japan and Korea.

Joe Biden

00:16:13 - 00:16:27 ()

I have -- my staff pointed out to me: I have now met with 80 percent of the world leaders just since I've been President. We're the ones expanding the alliances. The opposition is not.

Joe Biden

00:16:27 - 00:16:48 ()

Name for me where that's going, and tell me what ha- -- I don't mean literally you, but rhetorically -- tell me how, in fact, you see a circumstance where China has made some significant commitment to Russia. And what commitment can they make, economically? Economically.

Question

00:16:48 - 00:16:49 ()

Their trade has increased, sir.

Joe Biden

00:16:49 - 00:16:50 ()

Question

00:16:50 - 00:16:52 ()

Their trade has increased, sir.

Joe Biden

00:16:52 - 00:16:54 ()

Yeah, their trade has increased compared to what?

Joe Biden

00:16:54 - 00:17:05 ()

Look -- look, I don't take China lightly. I don't take Russia lightly. But I think we vastly exaggerate.

Joe Biden

00:17:05 - 00:17:20 ()

I would hear -- I've been hearing now for the past three months about "China is going to provide significant weapons to Russia, and they're going to... " -- you all have been talking about that. They haven't yet. Doesn't mean they won't, but they haven't yet.

Joe Biden

00:17:20 - 00:17:25 ()

And if anything has happened, the West has coalesced significantly more.

Joe Biden

00:17:25 - 00:17:37 ()

How about the Quad? How about Japan and the United States and South Korea? How about what we've done in terms of AUKUS? How about what we --

Joe Biden

00:17:37 - 00:17:59 ()

I mean, so I just -- I just want to put it in perspective. I don't take it lightly what Japan -- what China, excuse me, and -- and Russia are doing. And it could get significantly worse.

Joe Biden

00:17:59 - 00:18:09 ()

But let's put it in perspective: We are uniting coalitions. We. We, the United States and Canada.

Justin Trudeau

00:18:09 - 00:18:33 ()

On TikTok, we made a similar decision to the American government and others when we said that we do not feel that the security profile is safe for government-issued phones. There are concerns around privacy and security, and that means -- that is why we have banned TikTok from government-issued phones.

Justin Trudeau

00:18:33 - 00:18:40 ()

But your question, Josh, was about what I do as a parent of teenagers and my kids on social media. And on that, I --

Joe Biden

00:18:40 - 00:18:40 ()

Justin Trudeau

00:18:40 - 00:18:50 ()

-- [laughs] -- on that, I am obviously concerned with their privacy and their security, which is why I'm glad that on their phones -- that happen to be issued by the government -- they no longer access TikTok. [Laughter]

Justin Trudeau

00:18:50 - 00:18:59 ()

That was a big frustration for them. "Really? This applies to us too, Dad?" "Yes, I just did that." [Laughter]

Justin Trudeau

00:18:59 - 00:19:29 ()

But I think as parents, we are understanding, particularly of teenagers, just how much of our kids' lives are lived online and how much they are impacted not just by -- influenced the way their friends are and peer pressure that all of us went through as teenagers, but a degree of misinformation, disinformation, and malicious activity that is allowed for by incredible advances in technology that we are benefiting from in so many different ways.

Justin Trudeau

00:19:29 - 00:19:45 ()

As governments, we have to make sure we're doing what we can to keep people safe in the public square, making sure we're pushing back against hate speech and incitations to violence online. And we're carefully calibrating legislation to do that.

Justin Trudeau

00:19:45 - 00:20:02 ()

As a parent, I spend a lot of time talking to my kids about what's online and how they should try and, you know, go outside and play a little more sports and not get so wrapped up in their phones. And we're going to continue to do that.

Justin Trudeau

00:20:02 - 00:20:15 ()

Our concerns around TikTok are around security and access to information that the Chinese government could have to government phones.

Justin Trudeau

00:20:15 - 00:20:25 ()

It's just a personal side benefit that my kids can't use TikTok anymore -- that I recommend everyone to use my en- -- my encouragement to try and do.

Moderator

00:20:25 - 00:20:28 ()

[As interpreted] We'll now go to a Canadian question. Christian Noel.

Question

00:20:28 - 00:20:47 ()

[As interpreted] Good afternoon, Mr. President. Good afternoon, Mr. Prime Minister. I'd like to ask a question about Roxham Road. The agreement has been ready for a year. Why did you wait so long?

Question

00:20:47 - 00:20:57 ()

And for the 15,000 migrants that Canada will welcome, why so few? What have we offered to the U.S. in exchange?

Justin Trudeau

00:20:57 - 00:21:22 ()

[As interpreted] Thank you, Christian. We've known for a long time theoretically what modernization needed to be made to the Roxham Road, to the agreement. We couldn't simply shut down Roxham Road and hope that everything would resolve itself, because we would have had problems. The border is very long. People would have looked for other places to cross.

Justin Trudeau

00:21:22 - 00:21:40 ()

And so that's why we chose to modernize the Safe Third Country Agreement so that someone who attempts to cross between official crossings will be subject to the principle -- the same principle as someone who should seek asylum in the first safe country they arrive at.

Justin Trudeau

00:21:40 - 00:22:01 ()

Now, for people who are coming from the U.S., that is where they should be asylum seekers, using this means of uniformly applying the agreement, which we knew theoretically would be the solution, but it takes complex processes to manage the border. It took months before we could move forward with the announcement.

Justin Trudeau

00:22:01 - 00:22:14 ()

But by doing so, we protected the integrity of the system. And we're also continuing to live up to our obligations with respect to asylum seekers.

Justin Trudeau

00:22:14 - 00:22:41 ()

At the same time, we continue to be open to regular migrants, and we will increase the number of asylum seekers who we accept from the hemisphere -- the Western Hemisphere -- in order to compensate for closing these irregular crossings.

Justin Trudeau

00:22:41 - 00:22:42 ()

Question

00:22:42 - 00:22:46 ()

Mr. President, this question is for you.

Question

00:22:46 - 00:22:49 ()

[As interpreted] Please feel free, Mr. Trudeau, to answer as well.

Question

00:22:49 - 00:23:06 ()

Are you disappointed that Canada is not part or hasn't taken a bigger role in the multilateral forces in Haiti? And what would you like Canada to do more, in addition to the $100 million announced today?

Joe Biden

00:23:06 - 00:23:26 ()

Well, no, I'm not disappointed. Look, this is a very, very difficult circumstance, the idea of how do we deal with what's going on in Haiti, where gangs have essentially taken the place of the government, in effect. They run -- they rule the roost, as the saying goes.

Joe Biden

00:23:26 - 00:23:46 ()

And so I think that what the Prime Minister has spoken about makes a lot of sense. The biggest thing we could do, and it's going to take time, is to increase the prospect of the police departments in Haiti having the capacity to deal with the problems that are faced. And that is going to take a little bit of time.

Joe Biden

00:23:46 - 00:24:17 ()

We also are looking at whether or not the international community, through the United Nations, could play a larger role in this event, in this -- this circumstance. But there is no question that there is a real, genuine concern, because there are several million people in Haiti, and the diaspora could cause some real -- how can I say it? -- confusion in the Western Hemisphere.

Joe Biden

00:24:17 - 00:24:44 ()

And so -- but I think that what the Prime Minister is suggesting, and we are as well going to be contributing, to see if we can both increase the efficiency and capacity of the training and the methods used by the police department, as well as seeing if we can engage other people in the hemisphere, which we've been talking to, and they're prepared to do some. So it's -- it's a work in progress.

Justin Trudeau

00:24:44 - 00:25:15 ()

[As interpreted] For 30 years, Western countries have been involved in Haiti to try to stabilize the country, to try to help the Pearl of the Antilles. And the situation is atrocious. It's affecting the security of the people of Haiti. We must take action.

Justin Trudeau

00:25:15 - 00:25:53 ()

And we must keep the Haitian people in the approach that we build for security. And that's why the approach that we are working on with the U.S. involves strengthening the capacity of the Haitian National Police, bringing more peace and security and stability. This won't happen tomorrow. It will, of course, be a long process, but we will be there to support the capacity of the police in Haiti, the National Police.

Justin Trudeau

00:25:53 - 00:26:46 ()

At the same time, part of the insecurity and instability in Haiti is because of the Haitian elite, who have for too long benefited from the misery of the Haitian people. They work for their own political gain, their own personal gain. And this has prevented the country from recovering. And that's why we're proceeding with sanctions. We will continue to bring pressure to bear on the elite, the political class in Haiti, to hold them accountable for the distress facing the Haitian people, but to hold them accountable for ensuring their wellbeing.

Justin Trudeau

00:26:46 - 00:26:53 ()

We're going to continue to work together. We fully understand how important this task is.

Moderator

00:26:53 - 00:26:56 ()

Mr. President, over to you.

Joe Biden

00:26:56 - 00:27:17 ()

Can I follow up with one point on Haiti? And that is that any decision about military force, which it's often raised, we think would have to be done in consultation with the United Nations and with the Haitian government. And so that is not off the table, but that is not in play at the moment.

Joe Biden

00:27:17 - 00:27:20 ()

Moderator

00:27:20 - 00:27:23 ()

Over to you for the question, Mr. President.

Moderator

00:27:23 - 00:27:24 ()

Jordan, you have a question?

Question

00:27:24 - 00:27:50 ()

Thank you, Mr. President. Some on Wall Street have expressed frustration that it's unclear what more your administration is willing to do to resolve the banking crisis. The markets have remained in turmoil. So how confident are you that the problem is contained? And if it spreads, what measures, such as guaranteeing more deposits, are you willing or not willing to take?

Joe Biden

00:27:50 - 00:27:55 ()

First of all, have you ever known Wall Street not in consternation? Number one.

Joe Biden

00:27:55 - 00:28:17 ()

Look, I think we've done a pretty damn good job. People's savings are secure, and even those beyond the $250,000 the FDIC is guaranteeing them. And the American taxpayer is not going to have to pay a penny. The banks are in pretty good shape. What's going on in Europe isn't a direct consequence of what's happening in the United States.

Joe Biden

00:28:17 - 00:28:36 ()

And I -- what we would do is if we find that there's more instability than appears, we'd be in a position to have the FDIC use the power it has to guarantee those -- those loans above 250, like they did already.

Joe Biden

00:28:36 - 00:28:56 ()

And so I think it's going to take a little while for things to just calm down. But I don't see anything that's on the horizon that's about to explode. But I do understand there's an unease about this. And these mid-sized banks have to be able to survive, and I think they'll be able to do that.

Question

00:28:56 - 00:29:19 ()

And, Mr. Prime Minister, the U.S. has included Canada in electric vehicle subsidies, as you've discussed, that were included in the Inflation Reduction Act. But the IRA also raises some competitiveness concerns and challenges for Canada. You know, President Biden supports "Buy American" provisions very strongly, and that has historically led to some trade tensions.

Question

00:29:19 - 00:29:30 ()

So are you planning to announce anything in your budget to keep up, so to speak? And are you asking the U.S. government for exceptions to the "Buy American" provisions in other areas?

Justin Trudeau

00:29:30 - 00:29:48 ()

First of all, there's nothing new about Canada having to make sure that we remain competitive with the United States as a place for investment. That's something that we have long known as a friendly competition between us that has led to tremendous growth and benefits in both of our countries.

Justin Trudeau

00:29:48 - 00:30:22 ()

Right now, we're in a time where -- Joe talked about it as an inflection point; I think that's exactly right. We can feel the global economy shifting -- shifting in very real ways towards lower carbon emission technologies, cleaner tech, great jobs in the natural resource and manufacturing industries that are going to be increased on our continent after years of outsourcing and offshoring. There is a real opportunity for both of us.

Justin Trudeau

00:30:22 - 00:30:36 ()

And the IRA, which is bringing in massive investments and massive opportunities for American workers and companies, is also going to have strong impacts on supply chains and producers and employees in Canada.

Justin Trudeau

00:30:36 - 00:30:47 ()

Yes, we're going to have to make sure we're staying competitive and targeting the areas where we think we can best compete. And we'll have more to say about that in our budget next week.

Justin Trudeau

00:30:47 - 00:31:34 ()

But let us take a moment to step back and see that North America -- Canada and the United States in particular -- are incredibly well positioned to be the purveyors of solutions and economic growth that the net-zero economy around the world will need over the coming decades. The innovation, the know-how, the ability of us to make big things together leave us, in a time of global uncertainty, extremely certain that we are well placed for the future.

Justin Trudeau

00:31:34 - 00:31:46 ()

Whether it's investments that have seen Canada go from fifth or sixth in the world, in turn of -- in terms of battery supply chains, to now second in the world in terms of battery supply chains.

Justin Trudeau

00:31:46 - 00:31:57 ()

Whether it's continuing our leadership on the cleanest aluminum in the world, moving towards cleaner steel and zero emission steel.

Justin Trudeau

00:31:57 - 00:32:30 ()

Whether it's moving forward on critical minerals that the world is understanding they can no longer rely on places like China or Russia for -- that they can rely on Canada to be not just a purveyor of ores, but of finished materials that will be built in environmentally responsible, union or good middle-class jobs -- wages, strong communities, and the kind of leadership that the world is increasingly looking for.

Justin Trudeau

00:32:30 - 00:32:53 ()

There's long been a bit of a weakness, I think, to our argument that we've made over the past decades as Western democracies that says that our model is the best one, it leads to the most prosperity. But so much of our model -- we sort of turned our back to the fact that it relied on cheap imports --

Joe Biden

00:32:53 - 00:32:55 ()

Justin Trudeau

00:32:55 - 00:33:05 ()

-- of goods or resources from parts of the world that didn't share our values and weren't responsible on the environment or on human rights or on labor standards.

Justin Trudeau

00:33:05 - 00:33:47 ()

And what we are doing right now is showing that we can and will build resilient supply chains between us and with friends around the world that adhere every step of the way to the values that we live by, that make sure that there are good jobs for workers in communities, urban and rural, right across our continent; there are good careers for kids long into the future, not in spite of a changing world, but because of that changing world, and how well we are positioned to see the future and meet the future.

Justin Trudeau

00:33:47 - 00:34:29 ()

That's why it's so exciting to be able to work alongside Joe in these challenging times where we know we are better positioned than just about anyone else. And those friends of ours who share our values and our democracies around the world will benefit from the strength and the relations they have with us. And those who choose to continue to turn their backs on the environment, on human rights, on the values of freedom and dignity for all, will increasingly not be able to benefit from the growth that our societies, that our communities are creating every single day.

Joe Biden

00:34:29 - 00:34:35 ()

And, by the way, we each have what the other needs. We each have what the other needs.

Joe Biden

00:34:35 - 00:35:00 ()

The idea that somehow Canada is somehow put at a disadvantage -- because we're going to probably be investing billions of dollars in their ability to package what is coming out of the semiconductor area -- I don't get it. How's that in any way do anything other than hire and bring billions of dollars into Canada?

Joe Biden

00:35:00 - 00:35:11 ()

I also don't understand how, when we talk about it, we -- we greatly need Canada, in terms of the minerals that are needed.

Joe Biden

00:35:11 - 00:35:22 ()

Well, you guys -- we don't have the minerals to mine. You can mine them. You don't want to produce -- I mean, you know, turn them into product. We do.

Joe Biden

00:35:22 - 00:35:35 ()

I mean, it's -- I'm a little confused, at least thus far, on why this is a disadvantage for -- for Canada and the United States. I think we each have what the other needs.

Joe Biden

00:35:35 - 00:36:10 ()

And let me conclude by saying: You know, when I started talking about we're going to build our economies from the middle out and the bottom up, not the top down, I was being literal. Because what happened is, if you think about it -- in Democrat and Republican administrations beginning over 30 years ago or more in the United States -- corporate America decided that what they're going to do is they're going to export jobs and import product because it was cheaper labor.

Joe Biden

00:36:10 - 00:36:23 ()

Well, guess what? Now we are making sure they import jobs here -- jobs here -- and we export product. Canada is doing the same thing.

Joe Biden

00:36:23 - 00:36:43 ()

So this is a real -- this is a real shift in the world economy, in terms of what we're prepared to do. And I'll be darned if I'm going to stick in a situation where, as long as I'm President, where we have to rely on a supply chain in the other end of the world that is affected by politics, pandemics, or anything else.

Joe Biden

00:36:43 - 00:36:51 ()

We're not hurting -- we're not hurting anyone in terms of having access to the start of the supply chain. It's available.

Joe Biden

00:36:51 - 00:37:16 ()

But again, I -- I predict to you, you're going to see, after we're both out of office, both China -- I mean, China out of the game, in terms of many of the -- the product they're -- they're producing, and the United States and Canada pretty solid economically situated for the future in terms of also bringing back manufacturing jobs.

Moderator

00:37:16 - 00:37:18 ()

Joe Biden

00:37:18 - 00:37:26 ()

Sorry. And they're telling me I'm talking too long because we got to go to dinner. [Laughter]

Moderator

00:37:26 - 00:37:27 ()

Moderator

00:37:27 - 00:37:28 ()

[In French] [As interpreted] We'll take one last question.

Question

00:37:28 - 00:37:35 ()

My first question is for the Prime Minister. But, Mr. President, feel free to weigh in before my follow-up.

Question

00:37:35 - 00:37:49 ()

Prime Minister, we know you've -- we know that you've appointed a special rapporteur, but with what we've learned about Han Dong's communication with the Chinese Consular General, do you believe he advocated for the delayed release of the two Michaels?

Justin Trudeau

00:37:49 - 00:38:05 ()

First of all, Han gave a strong speech in the House that I recommend people listen to, and we fully accept that he is stepping away from the Liberal caucus in order to vigorously contest these allegations.

Justin Trudeau

00:38:05 - 00:38:25 ()

But I do want to take a step back and point out that foreign interference, interference by authoritarian governments, like China, Russia, Iran, and others, is a very real challenge to our democracies and is absolutely unacceptable.

Justin Trudeau

00:38:25 - 00:38:43 ()

It's why, over the past number of years, the President and I have had many conversations about this. And indeed, we'll continue to work together with our democratic allies around the world to keep our institutions and our democracies safe from foreign interference.

Justin Trudeau

00:38:43 - 00:39:35 ()

In 2018, when Canada hosted the G7 in Charlevoix, we actually created the G7 Rapid Response Mechanism to protect our democracies in cases of interference. And we will continue to work together to make sure we're doing everything necessary to protect our democracies, which, by definition, are more open and therefore more vulnerable to foreign actors trying to weigh in in our politics, in our business, in our research institutions, and particularly impact on citizens themselves -- which is why, over the past years, Canada, like our allies around the world, has given itself new rigorous tools to counter foreign interference.

Justin Trudeau

00:39:35 - 00:39:54 ()

And with the work that our expert rapporteur will do, with the work that our National Security Committee of Parliamentarians will be doing, and other institutions, we will continue to do everything necessary to keep Canadians safe.

Joe Biden

00:39:54 - 00:39:58 ()

I have nothing to add. [Laughter]

Question

00:39:58 - 00:40:15 ()

Thank you. And, Mr. President, when you took office, you cancelled the Keystone XL pipeline. This week, your government delayed the environmental assessment to reroute Enbridge Line 5, and at the same time, you're approving oil drilling in Alaska.

Question

00:40:15 - 00:40:24 ()

So what's your response to people who say it's hypocritical to stymie Canadian energy projects while allowing your own?

Joe Biden

00:40:24 - 00:40:28 ()

First of all, I don't think it is, but I'll be very brief.

Joe Biden

00:40:28 - 00:41:07 ()

The difficult decision was on what we do with the Willow Project in Alaska, and my strong inclination was to disapprove of it across the board. But the advice I got from counsel was that if that were the case, we may very well lose in court -- lose that case in court to the oil company -- and then not be able to do what I really want to do beyond that, and that is conserve significant amounts of Alaskan sea and land forever.

Joe Biden

00:41:07 - 00:41:20 ()

I was able to see to it that we are literally able to conserve millions of acres, not a -- not a few -- millions of acres of sea and land forever so it cannot be used in the future.

Joe Biden

00:41:20 - 00:41:42 ()

I am banking on -- we'll find out -- that the oil company is going to say not -- that's not going to be challenged, and they're going to go with thr- -- with three sites. And the energy that is going to be produced they're estimating wou- -- would account to 1 percent -- 1 percent of the total production of oil in the world.

Joe Biden

00:41:42 - 00:41:55 ()

And so I thought it was a good -- a -- the better gamble and a hell of a tradeoff to have the Arctic Ocean and the Bering Sea and so many other places off limits forever now.

Joe Biden

00:41:55 - 00:42:03 ()

I think we put more land in conservation than any administration since Teddy Roosevelt. I'm not positive of that, but I think that's true.

Question

00:42:03 - 00:42:07 ()

So why are you delaying efforts then?

Moderator

00:42:07 - 00:42:09 ()

Thank you all. This is what concludes today's press conference.

Joe Biden

00:42:09 - 00:42:09 ()

Question

00:42:09 - 00:42:17 ()

Mr. President, Iran keeps targeting Americans. Does there need to be a higher cost, sir?

Joe Biden

00:42:17 - 00:42:20 ()

We are not going to stop.