Transcripts For FBC After The Bell 20160629 : vimarsana.com

FBC After The Bell June 29, 2016

And i dont think it will happen. Now, people are genuinely concerned about immigration that is not orderly. People pouring across borders without having gone through some sort of a process. It adds to peoples sense that things are out of control and thats why we have invested in securing our borders and we made unprecedented investments. That is part of the reason why ilLegal Immigration to the United States is actually at its lowest level since theness 70s. Its we so value the cooperation we obtained from the Mexican Government in making sure that our borders work to facilitate legal trade and Legal Immigration and commerce but discourages, you know, ilLegal Immigration. It is why im pushing very hard and will continue to push until i leave this office and expect the next president to push for a comprehensive Immigration Reform plan that can fix those aspects of the system that are broken so that we remain a nation of laws and nation of immigrants. And thats ultimately, i think, where people in the United States will land. Weve had times throughout our history where antiimmigration sentiment is exploited by demagogues. It was directed at the irish. It was directed at pols and italians and you can read was said about those groups and it is identical to now what theyre saying about mexicans or guatemalans or salvadorans or asians, same stuff. Theyre different. They will not fit. They wont assimilate. They bring crime, same arguments you go back to the 1800s, the language is identical. But guess what . They kept coming. They kept coming because america offered possibility for their children and grandchildren. Even if they were initially discame the against, they understood our system will over time allow them to become part of this one american family. So we should take some of the rhetoric seriously and answer it boldly and clearly. But, you shouldnt think that is representative of of how the American People think. Our third question, from the United States, reporter roberta ramdan from reuters. I should point out, i should point out that roberta is secretly from canada. Not so secretly. So canadians are getting an extra question. Thank you, mr. President. Given how the brexit vote shook the stability much Global Economy do you feel you need to do more to calm markets quickly and perhaps encourage a quick exit rather than somebody that is long and drawn out . Do you still feel that the uk should be at the back of the queue for a trade deal with the United States, and are you going to make a fullthroated pitch for the tpp, for your prescription when you are out on the campaign trail this summer stumping for secretary clinton . Prime minister trudeau, both, you seem to be quite careful when you talk about mr. Trump. Renegotiating nafta or tearing it up would be such a disaster for canada. Why not come out and say that forcefully . And president pena nieto he. You came out this summer comparing trump to hitler and mussolini and how concerned are you that there may be a wall up on your border . Canadians are a little more subtle. Im actually going to help out my friends a little bit on your last question even though it wasnt directed to me. Just say, when i visit other countries it is not my job to comment on candidates in the middle of a race just because they may end up winning. And the relationships between governments transcend who is in power any given time. Its a tough question. Im not saying they shouldnt answer them. Im helping them out a little bit. There is no doubt when i visit countries there are times when i gotten preferences but i rarely express them. With respect to brexit, first of all i think you have seen the market settle down last couple days. I didnt follow the markets today but were monitoring very carefully whether theres any systemic strains on the system and so far what youve seen is reactions in the market, stock prices, currencies but i think the preparations that were done by Central Banks and finance ministers, our treasury secretary, indicate the degree to which the Global Economy in the short run will hold steady. I think there are some genuine longer term concerns about Global Growth if in fact brexit goes through and that freezes the possibilities of investment in Great Britain or in europe as a whole at a time when global Global Growth rates were weak already, this doesnt help. So when we attend the g20 summit in china later this year, one of the major topics, one i continually advocated for during the seven 1 2 years ive been president , is we all have to look what we can do to boost to boost global demand. Whether it is United States adopting a more robust budget for infrastructure improvements, fixing Water Systems in flint, michigan or preparing airports not as efficient as they should be or rebuilding our power grid so that it can take advantage of cleaner energy. Whether it is germany, a country with a surplus doing more in terms of spending or europe as a whole, lifting some of the austerity constraints that have been placed on them, whether it is china, shifting to a more consumer based, domestic based Growth Strategy as opposed to trying to export its way out of problems. You know, there are going to be a whole host of measures all of us can take to fortify the Global Economy and that should be a top priority of ours. With respect to the actual brexit negotiations, my main message to david cameron, Angela Merkel and others is, everybody should catch their breath, come up with a plan and a process that is orderly, thats transparent, that people understand and, and then proceed understanding that both sides have a stake in getting this right. And i think that will be a difficult, challenging, process but it does not need to be a panicking process. I think it can be a steady, sensible process. Obviously leadership issues in Great Britain will need to be resolved for it to move as crisply and as effectively as it needs to. But that i think thats recognized and that should happen fairly quickly and i know that speaking with chancellor merkel, that you know, her interests is not in retribution. Her interests is in making sure that the process works. And i have a lost confidence in people being lot of confidence in people being able to do that and well help in any way we can to facilitate that. The last part of your question is with respect to the uk and any trade agreement with the United States. Frankly we will be the least of their problems right now because their first order of business is going to be to address the market where they sell half their goods which is europe and these things are not easily negotiated, particularly because weve been spending our time trying to negotiate with the European Union and so, to suddenly go off on another track will be challenging but i think their first and primary concern is going to be to try to figure out how they interact with the European Union and the European Market if in fact, and when in fact they leave. I have emphasized throughout though that the special relationship that we have with Great Britain does not change. The ties of affection and family and and language, institutions and culture that business relationships that exist those are so deep and longlasting, the cooperation we have on Security Issues on global challenges, those are so fundamental that our relationship with the uk fundamentally doesnt change. We are concerned that their absence from the European Union and potential desare up shuns within europe make it harder for us to solve some of the other challenges that have to be solved. One of the things thats easy to forget amid the inflated rhetoric of an Election Campaign is that the relationship between our three countries goes far deeper than any individual leaders. And if the three of us get along its not just because were aligned in many different values and priorities. It is very much because we serve citizens who are they themselves tremendously aligned in terms of priorities, in terms of hopes and dreams, in terms of desire for success and ways to reach it. So when you look at the level of integration, of our supply chains, our markets, of the flow back and forward across borders of goods, of people, and the tremendous benefits that have come from proximity and strong relationships to individual citizens across this continent, its, it is e we understand that regardless of electoral rhetoric, canada, the United States and mexico will continue to have tremendously close relationships, economically, culturally, socially, fa hilally, familially and historically towards the future. We said many times, i look forward to working with whomever the American People choose to elect as their president in november. I know that we will always be able to find shared priorities and challenges that we want to Work Together to overcome and i know our commitment to doing what is right and what is best for our citizens will lead us to much more alignment than differentiation. Translator robertta. Go to trade to the point to the describe the stand of my administration and my own very personal point of view and i said it and i will say it again, my government will respectfully the domestic electoral process in the United States. I dont think ive said anything different from what i am stating once again here. What i have said. Is that today and i, did not make reference to a specific place. My words reinforce what i believe. I believe that in this global scenario, and ill use president obamas words, and as i said, he gave us a hint, to address this question. We are facing a global reality. We have a populist world, an interconnected world, with its own challenges. What i have said is that in the world were living, in different places, we have political leaders, political stakeholders, that use demagoguery and have populistic slogan that want to eliminate and destroy what has been built, what has taken decades to build, to go back to problems of the past and yes, it is true, all the benefits have not reached society asa whole that is true, but those leadership, those political actors, by using populism and demagoguery, they choose the easiest way to solve the challenges of todays world. Things are not that simplistic. Not as easy to lead a country, to take on a responsibility, to rule a country, it goes beyond giving the easiest answer. It is complex and it is difficult. To lead a country. I just said it. What we have reached so far, the level of development and level of well being we have in the world, without a doubt, makes contrasts with what the situation that we leave 30years back. Never before has Global Society or the societies at least of our three countries had lived. The level of development and wellbeing that we enjoy today. Never before have our countries had a high Life Expectancy as we have today. Never before have we had the opportunity to have access to the knowledge of the world as fast, and as easy as we do today never before are we at such a level of connection between society and the possibility of having access to any product, from any corner of the world, as we do today. And that was built throughout the years, by using the model based on openness, free trade. Trade agreements. And biggest challenge today, is to make sure that those benefits reach out to everybody single citizen but the solution proposed by some is not by destroying what we have been building. It is not taking a different route, to choose the road towards isolationism and destruction. What we need to do is keep up the pace towards development. When i said that i mentioned that most of what some people say, it is very similar, that in the past and president obama already said it even years back, but in the past some leaders addressed their societies those terms. Hitler and mussolini did that. The outcome, it is clear to everyone. It resulted in devastation and, turned out to be a tragedy for mankind and we saw it last century. That was my message, when i made reference to this event. My message was about to value what we have and also to be aware of the road that we need to walk still but thats the benefit that were looking forward to. To take the benefits to our society. Last question. Translator the question from mr. Phillip boussat. Mr. Trudeau, with the goals that you have said are ambitious for clean energy, does this mean the u. S. Will import more hydro electricity . Answer for you, mr. Obama, with this agreement to produce more clean energy, does it mean that the United States will have to import more hydro electricity from canada . Certainly the agreement that we have concluded today, values our shift towards cleaner, renewable energy. Canada has a tremendous amount of energy that comes from clean sources right now and, were always looking to create more. How we Work Together as not just as two countries but as three countries on Energy Solutions that give opportunities to our citizens while protecting future generations from impact of Climate Changes is something we all are entirely agreed on. One of the things we learned the paris agreement, following different paths towards solutions there is no one single solution to our Energy Challenges or to the challenges posed by Climate Change. We need to be creative and innovative and Work Together. That is the why the conclusion of this ambitious Continental Energy strategy is so important. I how we are going to do, not just our share our shares to combat the global challenges of Climate Change but to demonstrate leadership and show that clean energy, and clean growth are exactly the solution and the opportunity that we face because of Climate Change. Translator its true that the agreement that we came to today is very important. Because it allows us to fight Climate Change but it is also very important when it comes to investing in green energy, clean growth in our country. I know that we will have to pursue multiple Different Solutions when it comes to clean energy. But cooperation and collaboration that we have highlighted today among our three countries will give rise to Innovative Solutions positive in the area of green energy. I cant wait to work with the United States and with mexico in order that together we are able to face Climate Change challenges. Its not just a matter of doing our fair share. Its a matter ever showing leadership in the world. When it comes to Climate Change and clean energy, we have to do more than our share. We have to show that the future of the environment and the economy involves taking responsible decisions for the environment and green energy, thank you. Translator even when this question was addressed to the u. S. And canada, i would like to say that mexico in this trilateral relationship and has been mentioned here, we also are committed to clean Energy Mexico has its Legal Framework so that by 2024, at least 35 of generation of energy is clean. This is an agreement they made in this trilateral meeting to reduce other pollutants like methane. What i would like to say our tree country three countries share the same agenda and we want to protect our world and find solutions that were already working on. Well justin i think got it right, which is we set a goal and, and we are coordinating and synchronizing best practices, and there is going to be an energy mix in each of our countries will be different and some will be determined by what Natural Resources we have, it will be determined how well we integrate the grid and transmission of power. So there may be some wonderful hydroelectric power we would like to get to the United States. The question is, are there enough transmission facilities for us to be able to buy it at a competitive price. Just as, as we develop wind energy, we have to build a infrastructure, to get wind produced in south dakota down to chicago. Each of us will each have National Plans but point is that by setting these goals, creating coordinating mechanisms were in a better position of taking advantage the con prunes of interests and confluence much interests and economieses and i view this sector as enormous opportunity. Look, oil is cheap right now but it is not going to be cheap. I said this before. Those of you before, buying gasguzzlers, im telling you because its a finite resource and it becomes more and more expensive to extract and people are taking Climate Change more and more seriously. So were in a transition phase. But in the meantime, technology is moving. And solar and wind and hydro, biomass and entire technologies we havent even thought of yet. There are some 15yearold kid somewhere who is figuring it out. I

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