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CANADA MARK CARNEY AFTER ASIAN SUMMIT ... OCTOBER 2025 DRM News: FINAL ASEAN SPEECH: Canada’s PM Mark Carney Blasts Trump Over Trade at ASEAN Summit \| AC1B Original article: https://www.youtube.com/watch?v=xmMUifw-MGQ
FINAL ASEAN SPEECH: Canada’s PM Mark Carney Blasts Trump Over Trade at ASEAN Summit \| AC1B DRM News 522K subscribers Oct 27, 2025 #MarkCarney #ASEANSummit #KualaLumpur Canadian Prime Minister Mark Carney delivers a news conference during the 47th ASEAN Leaders' Summit in Kuala Lumpur, emphasizing Canada's role as a reliable partner, advancing a Canada-ASEAN free trade agreement, and doubling non-U.S. exports amid U.S. tariff threats. DRM News provides live coverage, expert analysis, and real-time updates on Indo-Pacific diplomacy. Watch now for key insights into global trade shifts! Mark Carney news conference, ASEAN Summit 2025 Kuala Lumpur, Canada ASEAN FTA, Carney Anwar meeting, non-U.S. exports Canada, Indo-Pacific partnerships, reliable trade partner Canada, 47th ASEAN Leaders Summit, Carney Laos bilateral, ASEAN business investment, U.S. tariffs impact Canada, regional cooperation ASEAN, breaking news diplomacy, live press conference Carney, DRM News international, Southeast Asia trade, Malaysia ASEAN chair, global economy 2025, foreign policy Carney, economic diversification Canada FULL SPEECH: Canada’s PM Mark Carney Fires Back at Trump’s Trade Talk Cancellation — ‘We Won’t Wait Around’ Message Rocks ASEAN Summit 2025 WATCH: Mark Carney Confronts Trump at ASEAN Summit — Canada Pushes Back on U.S. Tariffs, Calls for Independent Indo-Pacific Strategy BREAKING: Canada’s Mark Carney Delivers Explosive Reply to Trump at ASEAN Summit — Vows to Diversify Trade Beyond U.S. Amid Tensions ‘Enough Waiting!’ — PM Mark Carney’s Strong Words for Trump Over Cancelled Trade Talks at ASEAN Summit in Kuala Lumpur #MarkCarney #ASEANSummit #KualaLumpur #SigningCeremony #FlightTraining #ASEANGala #AnwarIbrahim #CanadaASEAN #IndoPacific #TradeDiversification #47thASEAN #BreakingNews #LiveDiplomacy #SoutheastAsia #DRMLive LIVE: Canada's PM Carney Speaks at News Conference at ASEAN Summit in Kuala Lumpur ---------------------------------------------------------- Welcome to DRM News – your go-to source for breaking news and expert analysis on global affairs, showbiz, sports, AI, financial markets, and more. 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Follow us on Instagram: / drmnews_ Peter Burgess COMMENTARY I am impressed by Mark Carney as the leader of Canada. I became a 'landed immigrant' in Canada in 1967 migrsating from the UK. In the summer of 1960 and again in 1961, I spent my summer vacations from Cambridge University in North America durimg 1960 amd 1961. The Cambridge Canada Club chartered two Boeing 70 aircraft from Air France to fly planeloads o Cambridge students from Lonon to New York in late May with return in mid-September. I got a superb education at Cambridge ... but it was all put into a global perspective with my visits and work in Canada while still a student. My adult career was enabled by my education and the adults in my life. Peter Burgess Transcript 0:03 All right. Good. Uh we're still afternoon, right? Uh good afternoon, good evening. Bonjour. Um let me just before I start, um I I would like to uh just pass on uh my appreciation the appreciation of the entire Canadian delegation to our Malaysian hosts, particularly Dr. Ibrahim the prime minister uh for an extraordinary group of meetings, extraordinary hospitality um which is going to continue for the next few hours this evening. Um you know from our perspective a highly productive few days uh at the Azan uh summit here in Koala Lumpur. Um, I've been joined uh by delegation including our Minister of International Trade. Uh, and we have focused on building new partnerships and unlocking new economic opportunities that will benefit Canadian workers um and their businesses. 1:01 The opportunity the system themerce fundamental system. On November 4th, our government will table the first federal budget, our first federal budget, and that'll be our plan to protect our communities, our borders, our way of life, our plan to build a stronger economy where everyone has a chance to get ahead and our plan to empower Canadians with new opportunities, better careers at a lower 2:04 cost of living. Central to those missions is our intention to double our non US exports over the course of the next decade. That alone will generate $300 billion in more trade, new orders for Canadian resources, Canadian industries, and Canadian expertise. I chose my summit uh for my first visit as prime minister to Asia because the Canada Azan relationship is full of potential. This is a region of nearly 700 million consumers with a market worth over $5 trillion. It's already Canada's second largest trading partner with over $260 billion in two-way merchandise trade alone. Yet, even at those levels, it still only represents about 10% of our exports. To build those exports, to double our non- US exports, our government is working to strike a series of new trade 3:04 deals, including here in the Indoacific. In the past few months, we've signed new agreements with the United Arab Emirates and artificial intelligence, with the European Union in defense and broader trade, with Germany in critical minerals, with Mexico and agra food. We signed a free trade deal with Ecuador that reduces or eliminates tariffs on the majority of Canadian exports. And last month in Ottawa, we concluded a historic free trade agreement with Indonesia, Canada's first bilateral free trade agreement with an AAN nation. This week in Koala Lampur, we agreed to accelerate progress on a new Canada ASEAN free trade agreement targeting completion of that agreement next year. Yesterday, I met with the prime ministers of Laos and Vietnam as well as the president of the Philippines to move those talks forward. Now, that deal would add about$ one and a half billion dollars to our economy, giving Canadian workers and businesses greater access to this fast growing 4:03 market. In fact, probably arguably the fastest growing market in the world, and would create jobs for Canadian workers in sectors ranging from critical minerals to clean tech, agro, food, aerospace, and advanced manufacturing. All while lowering prices for Canadian consumers on goods like electronics and clothing. In addition, President Marcos of the Philippine and I agreed yesterday to launch talks on a new free trade agreement between our two nations again with a goal of concluding that agreement next year. This week, we also made significant progress on energy. Today, Canada and Malaysia signed a letter of intent to deepen investment in liqufied natural gas and oil, nuclear power, and renewables. I met with the CEO and the senior management of Petronis, one of the world's largest energy companies and already a major investor in LG in Canada, LG Canada phase 1, a LG facility 5:04 in Kitamat, British Columbia. Now, phase two of this project will double production, making the project as a whole the second largest LNG facility in the world, creating tens of thousands of new high-paying Canadian careers. That project, phase two, has been referred to our new major projects office because we want it built and we want it built faster to the benefit of Canadians, including indigenous partners in the project. Together with Petronis, we are exploring other new opportunities to expand our partnership and strengthen Canada's role as a reliable energy supplier. By the end of this decade, 2030, Canada produce nearly 50 million tons of LG each year, enough to supply Singapore, where I'm going tomorrow, five times over. We can double that production again by 2040. 6:04 demand captource service economy resilient avoility. the connectivity. Canada's also unlocking new opportunities in technology. Canada's Blackberry offers its cyber security center of excellence here in Malaysia. And we announced an investment to expand that center into an international hub for cyber intelligence and security 7:02 innovation. Something I discussed this afternoon with Prime Minister Ibrahim. Today I visited CAE with whom Malaysia Airlines has just signed a deal to purchase another Canadianbuilt flight simulator. and I met the CEO of Air Asia yesterday about a potentially large order for A220 planes designed and built in Quebec. These are the kinds of partnerships we will keep building because Canada has what the world wants. Worldclass talent with expertise in clean technology, artificial intelligence, life sciences, and quantum computing. We're the world's number one number one destination for master's degrees and doctorates. We have the most educated workforce in the world. We're an energy superpower with the third largest reserves of oil and the fourth largest reserves of natural gas. We have an 85% clean grid which we can readily increase by another 50% to power clean manufacturing, 8:05 clean AI infrastructure in the electrification of our sustainable economy. We have deposits of over 34 critical minerals and we're amongst the top five producers for the 10 critical minerals most essential for the world's energy transition. Over the next 5 years, we will be quadrupling quadrupling our defense industrial spending, strengthening our role in collective security and creating new careers in our defense and associated industries. Next week, Canada's defense minister will be in the Philippines to deepen our cooperation with Southeast Asia, expanding access for the Canadian Armed Forces for training and joint operations in the Philippines, strengthening our shared commitment to regional stability. The combination of these economic strengths and the budget strategy I referenced earlier, our budget strategy to spend less so that Canadians can 9:02 invest more will give investors confidence to build more in Canada. It will give in innovators the stability they need to take risks in Canada and it will reinforce the reasons the world has to trust Canadians as reliable partners. Canada. Selling our products to the world is a team Canada effort. Federal ministers are working hard securing deals and building relationships across Asia. Premers from British Columbia, Alberta, Saskatchewan to Newfoundland and Labrador and Prince Edward Island are leading trade missions across the region. Singapore 10:01 commerce technology know to finish to quote our host Prime Minister Ibrahim the old world order is disappearing and a new one has yet to emerge. Times like this it's time to be bold because how we respond will shape Canada's path for decades to come. By making generational investments at home and by building deeper partnerships abroad, we will build Canada strong. And with that, I'd be happy to take your questions. Thank you, Prime Minister. We're now going to begin with questions from the Canadian delegation. First question, Sarah. Hi, Prime Minister. Sarah Richie with the Canadian Press, have you had any contact with President Trump since 11:03 Thursday? Uh, I have not. Given that President Trump said today on Air Force One, I don't know if you've heard this, but in the last hour, he said he doesn't plan to meet with you for a long time, is it worth continuing to pursue a discussion, a meeting, a phone call with him at this point? Uh I didn't see the comment. Um look, we stand ready um to sit down with the United States, myself, with the president, uh my colleagues with their colleagues uh when the US is ready to sit down. Um we had made considerable progress uh on a supplement to the trading relationship that we had uh considerable progress in the areas of steel, aluminum and energy. associated areas as well. Um, and as as I just said, we're we're ready to sit down when uh they are ready to do that. Uh, if they're not ready to do that, as those comments indicate, then we and we were always going to do these 12:04 things to be clear. We're going to first and foremost build our economy, build it with generational investments, and you will see that not just the scale of ambition, but the speed with which we put that into effect uh in the budget on November 4th. and continue to do what we've been doing over the course of the last few days and uh over the course of recent months, which is to build those other partnerships and deepen those other partnerships on which we're getting very much traction. Thank you. Next question. Murray. Hi, Prime Minister. Murray Brewster with CBC News. President Trump says he's canled these trade talks because he's upset about the Ontario government ad. We've heard from the Business Council of Canada and even some of President Trump's own advisers who suggest the frustration with Canada runs deeper. So, is this about the ads or is this about something else? Well, uh, look, um, as I say, um, and 13:01 there's there were a series of very detailed, very specific, very comprehensive discussions, negotiations on the areas I just listed to in response to the previous question up until the point uh, of uh, those ads uh, running. First point. Second point, uh, I would suggest you take the president at his word. uh for his reason. Um so and that is the reason why from the perspective of the federal government which I'm responsible um we stand ready to pick up on those discussions when the United States wishes to pick up on those discussions. So those in the room, those exchanging term sheets, those having the discussions about specific areas where we can make mutual progress to the benefit of workers and businesses and communities in our respective countries uh had been making progress. 14:02 Those ads came uh the president had the reactions which you have seen, made the decisions that he has made which you know those are his decisions to take. Um, and we're in the situation we're in. Follow up. As a followup, uh, Prime Minister, given everything that we've seen, do you really think the United States is interested in making a trade deal with Canada? Uh, look, we are their second largest trading partner. Uh, we provide a series of uh essential goods for their economy. We are one of many providers, but we provide in some areas essential goods uh for their economy. Um and we create more room for them to do other things. I'll give you an example. Uh if you look at Canadian exports of aluminum uh to the United States, uh and aluminum is boxite and energy. I mean there's a little more to it, but can simplify it to that. Um the embedded energy in the Canadian aluminum exports 15:07 which provides 60% of the aluminum to the US market is the equivalent of the uh energy of 10 Hoover dams in the United States now is the best use of that scale of energy. creating that scale of energy to make aluminum in the United States um as opposed to continue to foster and power the AI revolution which the US is leading um or power homes and others that I mean these are decisions for the United States to make. Point being uh as a supplier to the United States and I gave aluminum as one. I could give many examples. We are an important supplier in many areas as well. We are a large customer um you know for over 30 states. Canada is the largest uh customer export customer for those states in the United States. Um so there is a very strong deep uh trading relationship uh and there is an alignment of interests in many areas uh for and that's the reason why we have 16:06 elements of uh of the arrangements that we have today with a large degree of uh uh of low tariff trade and and the benefits from that. Um, so you know, we're ready to uh to have those discussions to further improve them and we'll have them when it's appropriate, but we're not resting because we can build we, you know, the return on building at home is far greater than the hit from trade turbulence with the United States and the opportunities uh internationally are considerable. And candidly, Canada has not focused uh on the relationships to the same same extent as we should have in any trading environment with the United States. Uh let alone a situation where they're changing their trade policy. Um and that's what we're doing now. 17:02 Next question. Question. Judy Trin with CTV News. Donald Trump says he doesn't want to see you at all at APEC. Has the Canadian government given any consideration to the possibility that he doesn't want to negotiate? And do you have a contingency plan for that? We have lots of Yes. The short answer is yes. Uh to your followup, no, I'm not about to detail that those contingency plans. Um uh but I will go to the big obvious plan that is there in plain sight and will be further detailed in the budget on November 4th. And we have been saying this for months. I said this before I was elected. Uh emphasize the importance of us giving ourselves far more than any foreign government could take away whatever the trading environment. Um and that's to build at home and to build strong at home. Uh and 18:00 we intend to unleash hundreds and hundreds of billions of dollars of investment right here at home. Not right here, but metaphorically there at home in Canada while we're building these partners uh partnerships. Um Less than a month ago, you were at the White House. Uh you seemed very cordial, friendly with President Trump. Uh you were the two of you were joking. You said you were going to walk away with a good deal. He said that that we would be very happy. Is the US toying with Canada and how did your relationship with Donald Trump go south so fast? That's a question for him. Next question. Yes. Yes. to the 19:06 description. Constructor on. Okay. on 20:08 responsibility. Okay. Okay, next question. Question. Sorry. What's next? Who's Brian? What? Brian's next question. Why don't we have Brian's question and we'll follow up when you I'll ask a version of this so you can 21:00 answer. I figured you might. Um, if if if this if it is true that a TV ad that you were close to a deal, exchanging term sheets and a TV ad uh caused all of this to be cancelled, halted, Trump does not want to meet. Uh, you know, are are you upset at at Premier Doug Ford for running this ad? If if this is true that this ad spoiled something that was very close, look, I uh I'd say the following, which is that um in any complicated uh highstakes negotiation, um uh you can get unexpected twists and turns. Um and you have to uh keep your cool uh during those situations. It doesn't pay to be upset. emotions don't uh don't carry you very far. Uh and we had made progress to repeat. Um and uh we stand by the progress that had 22:02 been made. The government of Canada does and uh we are ready when appropriate to pick that up. Um so uh and I'll just re-emphasize that it is the responsibility of the government of Canada to have these negotiations. Uh and others will have opinions and others uh welcome uh free advice um unsolicited advice as is entirely appropriate is every Canadian is a stakeholder uh in these negotiations. every Canadian is a stakeholder in in the fact that we're making progress in Azan, that we have the agreement with Indonesia, that we uh have just uh decided to accelerate trade talks with Philippines, with Azan as a whole. Every Canadian has a stakeholder uh is a stakeholder in the evolution of our relationship with China uh and the discussions that we will be having at APEC uh with giants there. Um so that's the focus. Um 23:06 followup and uh just to cast things ahead to where you're um going later this week in Korea, can you give us an update on do you expect to meet Chinese uh the Chinese president at at APEC? Uh and what kind of conversations do you expect to have uh with uh the Chinese delegation there? Uh I do expect to uh there are plans to uh for me and President Xi uh to meet um uh we will pick up on the discussions I had uh with Premier Lee uh in New York a few weeks ago uh a broad range of issues um both in terms of commercial uh the commercial relationship uh as well as uh the evolution of the global system. Um, so I look forward to the meeting with the president. 24:07 Commercial system global. Next question. Rafi. Hi, Prime Minister Rafim Jukan, CBC. Um, President Trump threatened to impose this additional 10% tariff regardless of Ontario saying it would take the ad down. Does that suggest there is nothing to be gained from backing down to the US president? Uh, well, look, uh, with respect to, uh, the additional tariff, we haven't seen the the specifics about that. Um, and look, I I I I don't want to make a a general uh generalization of the 25:01 situation. Um, I'll repeat and I'll reemphasize. We've made significant progress. We stand by the progress uh that we had made. Uh we think there is uh uh a very good uh addition to the uh trading relationship, an additional deal if you will uh that is in the interests of certainly Canadian workers, Canadian families, but very much American workers and American families as well. It's a win-win. Um and um you know when the time comes to pick that up, we would suggest picking it up from there. followup. This progress you have made, you you've spoken a lot about sectors, sectoral tariffs. During your campaign, you were speaking a lot about reaching a comprehensive security and energy deal. Did you at one point give up on that? If so, why? Uh well I we talked about I maybe you weren't there but uh in July um when we made the decision that we evolved our our tariffs with respect to the United States uh because we had reached a point by uh the middle of the summer where um under the executive 26:04 order that pertained at then and still pertains um that the substantial proportion of our trade with the United States is tariff-free. uh the US was less interested in the security element of the partnership which is their decision look and to let's actually so less interested in that and as well um was focused in for most countries on these so-called 232 sectors which are by definition sectoral uh and they're the major issue for our economy steel aluminum autos force products and and therefore naturally it comes uh comes to that and that's where we've concentrated our efforts. Let me take a step back and just a point of context here which is you know the United States has a trade policy. It has a new approach to trade uh that has come in place with the new administration. Uh we understand that we respect that they apply that policy to every country in the world. uh you see 27:03 elements of it uh in the agreements uh that were announced uh here in Koala Lumpur in uh in the last 24 hours and so uh that's that's the approach that uh one deals with in uh with respect to having negotiations with the Americans. So it just it just follows our approach in terms of negotiations with Indonesia. Our approach uh with respect uh to the EU uh for example is much more comprehensive. Uh it includes security, it includes defense uh includes broader elements. Um and it's um uh there's a symmetry, they're symmetric those those arrangements. Uh, and that's how we tend to do trade, but the US does it differently. It's not how we tend to do trade. That is how we do trade. And the exception is the way the US is doing trade. Next question. Ian. Ian Austin from the New York Times. Um, 28:00 when you made several concessions to the United States, dropping the retaliatory tariffs, the the digital tax, and so on, you you were challenged and you said there's a time to push back and there's a time to talk. Well, the talks ended. Well, they just ended. Yeah. So, uh, I mean, are we back into retaliation? Does this open the door to things like removing the EV tariff? Uh, look, I wouldn't speculate on that. I' I'd say uh the follow you can speculate. I'm not going to speculate on that. I' I'd say the following. Um, the the approach that uh the previous government put in place in terms of retaliation and that we kept on for a period of time. Um the reality is that uh Canada was one of only two countries that had retaliatory tariffs on. Um so everybody had a focus but only two countries had those in place. Uh and the value of those retaliations was diminishing. Remember that tariffs we put retaliatory tariffs on. There is a 29:04 cost at home for those tariffs. They were designed to minimize those costs but there's still a cost at home and those costs build up over time. Uh so we took the decision, we stand by it in terms of uh in terms of taking those down, taking those off and then we made the progress that we did. Um we will uh it goes to the earlier question. I think it was Judy's question about contingency plans and uh right um and we have a series of measures that we have put in place for the strategic sector so-called strategic sectors for steel for aluminum both in terms of liquidity support in terms of um uh more strategic support so that you know billions of dollars of strategic support so they can pivot to new markets new products um by Canadian policies that are just now getting fully articulated and ramping up um so that uh so that we can support there and there will be more coming in the budget as part of a 30:01 broader industrial and trade diversification strategy climate competitiveness strategies which will help for all of this. So uh that's that's the focus of the of the reaction. I mean obviously we will we will protect uh markets if we if we see big asymmetries in terms of access uh but that's not a decision for today. Followup and um you know the the end of these talks which you you've described as being serious and constructive for what seems like a capricious reason. Does this underscore that is there any value in trying to negotiate something with the Trump administration? Is it word worth anything? Uh look, I think that um yes, I mean the short answer is yes, there is there is there is value. There's tremendous value in those negotiations. Um we've seen that the US administration has made a series of um commitments and agreements that is is stood by. Some of those have been in the peace and security uh area. Some of them have been on the trade side. Um 31:07 but just to be absolutely clear, we represent Canada. uh we are going to fight for Canadians. We are only going to agree to a deal uh through a negotiation that is in the best interests of Canadians. Um they are working in the best interests um of Americans. There are places where those interests are aligned and they overlap and we can have a deal, but we're not going to accept something that uh um is not in the is not in the best interest of Canadians and they understand that. Next question. McKenzie. Okay, Mackenzie, you can ask your onlay. Mackenzie Gray with Global News. I'd like to follow up on Sarah's earlier question. I know you said you haven't spoken to the president, but you've been known to text with him. Have you reached out to him personally at all since uh the president? Look, the president knows that I'm available uh to speak to the president. Um as as I would always would be, as you would expect. Uh I make 32:05 I mean as president of the United States, so of course make myself available. and make myself available for other world leaders uh as as they wish to. Uh we will both be in APEC. Canada is a member of APEC. I mean we're we're be there uh very much so. Follow up. So you haven't reached out to the president at all and and I look I the president and I have not spoken since he took this decision. That's and you want to chat with him at APEC? I I I we are ready to have discussions when the Americans wish to have those discussions. Uh but we're not obviously we don't dictate the timing of that. And last question Steve Chase Steve Chase Mail wanted to ask you about where the relationship with China could go and uh your predecessor put uh fenced off significant portions of the Canadian 33:01 economy from Chinese investment uh critical minerals anything related to national security academic collaboration the list goes on and on. So my question for you is are you willing to revisit or consider lowering some of those restrictions so that more Chinese investment could flow into Canada? Well, it's uh it's the start of a broader discussion. There were there were greater restrictions that were in place given uh other issues in the relationship. first point. Secondly, uh there needs uh to be a a resetting of expectations or we're in the process of a resetting of expectations of where the relationship can go. Uh the extent to which we have different systems um where the relationship can go and where it won't go. Um and that's part of the discussion um that has begun. Um I think what is absolutely clear is that uh a relationship for example where um uh there are extreme restrictions on travel 34:03 uh between our two countries uh is an unusual rel uh place for the can Canadian China relationship to be uh given the history of the relationship given the the the long history of uh travel between our two countries that is one example it's a very obvious example that uh progress can be made uh there are issues of as as as people well know in in agriculture uh uh in in for for fishery uh goods um there's issues in manufacturing and others and we will explore what what we can build on um you know relationships rebuild over time when um when they have been uh when when they have changed when they've changed for the worse and um and uh so we have a lot of areas where on which we can build and look last point which is that this is our second largest trading partner. This is the second largest economy in the world. Uh this is um one of uh the most influential um actors in terms of the global system 35:06 such as it is uh and it is um a country with whom we had no senior level contact for seven years until I met Premier Lee uh in New York. Uh so we're starting from a base and we can we can move quite substantially. We're starting from a very low base and we can move quite substantially uh before we start to get to uh sensitive areas. Would you like to or is a free trade agreement with China out of the question? And if you could, would you drop EV tariffs against I, you know, I look forward to the discussions with uh President Xi. Um and they're they're about much broader issues, set of issues than trade. Um and um we'll be in better position to start answering questions like that as the relationship evolves and and and deepens. So uh we don't go in there's no preset offer issue. This is not this is the difference between relationship and transaction. We're starting relationship building up the relationship on that. Thank you. This press conference. Thank you.

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