Original Broadcaster Captioning (Enhanced). Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:10Live from London. This is BBC
00:00:12News. King Charles warns of the existential
00:00:15existential dangers of AI systems systems falling into the wrong hands
00:00:18hands as he addresses tech leaders
00:00:20leaders at a summit in Scotland.
00:00:23Scotland. Those in our world who
00:00:25who value deeply our humanity and
00:00:28and its vital moral component are
00:00:30are anxiously seeking your reassurance
00:00:33reassurance that we will not lose lose control of our destiny or our
00:00:37our souls. It comes as the King issues issues a pointed response after Princess
00:00:41Princess Diana's brother makes fresh fresh claims about him in a new book.
00:00:44book. South African police say they've they've found a ninth woman killed
00:00:48killed near Johannesburg in a spate spate of murders, causing fear and
00:00:51and outrage. The Bank of England
00:00:53England holds interest rates at 3.75% 3.75% for the sixth time in a row,
00:00:57row, but said they are likely to
00:00:58to rise of high energy prices continue. continue. Canada's Prime Minister
00:01:02Minister Mark Carney, has told the the European Parliament he welcomes
00:01:05welcomes ambitions for associate associate EU membership and the boss
00:01:08boss of social media company Snapchat Snapchat says the firm would be willing
00:01:11willing to implement time limits
00:01:13limits for teenagers. Hello, I'm
00:01:24I'm Lucy Hockings, welcome to BBC
00:01:26BBC News Now. King Charles has warned warned of the existential dangers
00:01:30dangers of AI systems falling into into the wrong hands, as he addressed
00:01:33addressed tech leaders at Dumfries Dumfries House in Scotland. The meeting
00:01:37meeting involved Nvidia Google DeepMind,
00:01:39DeepMind, OpenAI, Anthropic and others. others. The King cannot regulate
00:01:43regulate this tech. His role is to to use the monarchy's convening power
00:01:46power to bring rivals together to to explore whether they can develop
00:01:49develop shared principles that keep keep AI in the service of humanity.
00:01:53humanity. The substantive discussions discussions are taking place privately.
00:01:56privately. No formal communication communication has even been promised, promised, but let's have a listen
00:02:00listen to some of what King Charles
00:02:02Charles had to say. AI is already
00:02:05already showing its immense capacity
00:02:07capacity to improve and save life.
00:02:09life. For example, in the field of
00:02:12of life sciences and medicine. Yet
00:02:16Yet those who have created these
00:02:19these technologies are now increasingly increasingly warning that AI risks
00:02:23risks developing darker capacities.
00:02:25capacities. Perhaps even to take
00:02:28take life. And in this regard, if
00:02:30if I may say so, there seems urgency
00:02:33urgency in adequately considering
00:02:35considering the existential dangers dangers of such technologies falling
00:02:39falling into the wrong hands. Jensen Jensen Huang as president and CEO
00:02:42CEO of Nvidia, is among those at at the meeting, and he was asked
00:02:46asked whether he can give any reassurances reassurances that this technology
00:02:49technology won't harm humanity. It
00:02:52It is the responsibility of the AI
00:02:54AI companies ourselves to develop
00:02:56develop the technology safely and
00:02:59and to properly test it. There were
00:03:02were incidents and those incidents incidents thankfully did no harm.
00:03:06harm. But those incidents are a reminder
00:03:08reminder that as we move from labs
00:03:11labs to product development, the the companies have to become much
00:03:15much more rigorous in testing and
00:03:18and securing and making sure that
00:03:19that the products are ready for use
00:03:22use before it's released. And in
00:03:25in doing so, if it's not ready, just just hold it back. You should go
00:03:29go as fast as you can, but no faster faster than that. We're going to
00:03:32to take you to Scotland and join join our correspondent there, Lorna Lorna Gordon, who is outside Dumfries
00:03:36Dumfries House. And with me here here in the studio is our AI correspondent
00:03:40correspondent Marc Cieslak. But Lorna, Lorna, if we can start with you, you, what are you hearing from inside
00:03:43inside Dumfries House? It all looks looks very friendly, I think King
00:03:47King Charles having to remind people
00:03:48people there that they are actually
00:03:52actually rivals. Yes, there was some
00:03:54some joking wasn't there at the beginning beginning of these addresses. In
00:03:57In the last few minutes we have seen seen the King taking a walk around
00:04:00around the grounds here at Dumfries Dumfries House, but that will be
00:04:03be a brief break from these informal informal discussions which are taking
00:04:07taking place inside. They are long
00:04:10long planned, we are told the discussions discussions ahead of them have been
00:04:14been taking place for many months,
00:04:16months, but actually it is a timely
00:04:20timely intervention in this debate debate about artificial intelligence.
00:04:23intelligence. With those warnings warnings coming out about a silicon silicon species calls for a kill
00:04:27kill switch to turn off the technology
00:04:32technology if it gets too powerful. powerful. Another researcher quitting
00:04:35quitting his job because he feared
00:04:37feared there was a chance it could could wipe out human civilisation.
00:04:41civilisation. I mean, I think what's what's interesting about these talks
00:04:45talks is that it isn't government government sponsored. It is a very
00:04:49very informal setting here in East
00:04:51East Ayrshire. In Scotland, the King
00:04:53King wants to get these senior industry
00:04:55industry figures together to chat
00:04:58chat to exchange ideas, to talk openly,
00:05:02openly, and I think also there is is a reminder from the setting itself.
00:05:06itself. You know, Dumfries House House is very grand but it is in
00:05:09in an area of Scotland where there
00:05:13there are significant economic challenges. challenges. There are former coal
00:05:16coal mining communities in this area,
00:05:19area, communities which both benefited
00:05:22benefited and then faced challenges challenges from previous industrial
00:05:26industrial developments, which of of course is the way that AI is framed.
00:05:30framed. It is another potentially
00:05:34potentially significant step change
00:05:36change in the economies that we have have in various countries here. So
00:05:40So yes, significant talks here, informal
00:05:43informal talks here that got under
00:05:45under way and are still set to continue continue for a few hours yet. Lorna,
00:05:48Lorna, good to see you. Thank you you for joining us from Scotland.
00:05:52Scotland. So Mark very friendly we we are hearing but these are big
00:05:54big commercial competitors here. here. How different is their thinking
00:05:58thinking about what they assess to to be the dangers in AI, the future
00:06:01future of AI and regulation? Well,
00:06:03Well, I mean events like this, this this is very much in keeping with
00:06:07with the way that the King has operated
00:06:09operated on issues that he sees as as being critical. He's done exactly
00:06:13exactly the same thing for the aviation aviation industry. For instance,
00:06:16instance, bringing together academics, academics, industry figures, people
00:06:20people from government and getting getting them all around a table and and getting them to discuss what
00:06:23what some of the issues are and how how they feel differently about them.
00:06:26them. So the format isn't new. What's
00:06:28What's telling is that he's now applying applying this to AI. Apparently,
00:06:32Apparently, you know, he opened today's today's proceedings by saying to
00:06:35to all the assembled AI execs, you you are aren't rivals, you? Which
00:06:38Which led to laughter in the room. room. And sources close to the King
00:06:41King say he's taken a genuine personal personal interest in where this technology
00:06:45technology is heading. And remember, remember, according to newspaper newspaper reports, this is a man
00:06:49man who doesn't own a mobile phone. phone. But royal sources have said
00:06:53said that he's here not to dictate dictate policy, but this event is
00:06:57is to convene and listen and pose pose questions of how we develop
00:07:01develop AI for the good of humanity. humanity. So it fits into a pattern
00:07:04pattern of behaviour around sort sort of climate change and water water scarcity and things, things
00:07:08things of that nature. Surely he he wants them all to come together
00:07:10together to agree on how to make make AI more safe as well. I mean,
00:07:14mean, how close are we to that happening happening given their commercial
00:07:16commercial rivals? Mark? Consensus Consensus on yes, consensus on safety
00:07:20safety at the moment, yes. We've We've seen a lot of big companies, companies, a lot of the big, you
00:07:23you know, frontier AI companies saying, saying, OK, we need to have a slow
00:07:26slow down on development and we need need to think very carefully about about some of these things. But a
00:07:30a lot of cynical industry observers observers are saying that issues
00:07:33issues around a slowdown are actually actually being being kicked off by
00:07:36by more by economic concerns, by by the notion that all of these companies
00:07:40companies or a couple of these companies companies are trying to IPO for absolutely
00:07:43absolutely astronomical values. We're We're talking about $1 trillion valuations
00:07:47valuations and that those valuations valuations might not be realistic realistic right now. And as a consequence,
00:07:51consequence, they might need a little little bit of breathing space to
00:07:54to achieve some of those huge, huge
00:07:57huge valuations. So safety yeah, yeah, I think there really are genuine
00:08:00genuine concerns about safety because because we've seen the stories all
00:08:03all summer about rogue AI, AI agents agents that are being trained that
00:08:06that have broken loose from their their training environments and hacked hacked websites and things of that
00:08:10that nature. So yes, there are some some genuine concerns about how safe
00:08:13safe these products are, but there there are also some other issues
00:08:16issues at work here and some of those those other issues are effectively
00:08:19effectively about money. How are are we meant to assess then these
00:08:23these threats? Mark, when you see see the headlines and hear from people,
00:08:26people, even the King warning about
00:08:29about the existential dangers of of AI, if you're watching this, what
00:08:32what lens should we take? How should should we view it and consider all
00:08:36all of this. In the UK, for instance,
00:08:38instance, we have the AI Safety Institute
00:08:40Institute and its job is to assess
00:08:42assess risk and to assess how you
00:08:45you know, assess if a model is safe. safe. Now there is a little bit of
00:08:48of a problem there insofar as AI AI companies are not compelled to
00:08:52to present their models to the AI AI Safety Institute so that it can
00:08:55can check whether they are indeed indeed safe. And we've had an incident
00:08:57incident in the last couple of weeks weeks where Anthropic didn't present
00:09:01present one of its latest models models to the AI s eye, and as a a consequence, they're not able to
00:09:05to check whether it is safe. So from from a lot from governmental quarters,
00:09:09quarters, then there's probably the the issue of greater regulation. regulation. The industry itself doesn't
00:09:12doesn't want greater regulation. regulation. The industry itself wants wants to mark its own homework. So
00:09:16So I think we're going to see some some kind of merging of two of these
00:09:19these ideas where, where, where it
00:09:21it meets and we get some kind of of greater degree of regulation around
00:09:25around the whole space. Mark. Thank Thank you. And we will keep across across events in Scotland and bring
00:09:29bring you any developments throughout throughout the day. A busy day though
00:09:33though also for the Royals with starting
00:09:35starting with Buckingham Palace rejecting rejecting claims about the King made
00:09:38made by Princess Diana's brother brother Earl Spencer. This is in
00:09:41in his new memoir in a Daily Mail Mail serialisation of his new book,
00:09:44book, which is due to be released released next week. Charles Spencer
00:09:47Spencer said that after the death death of her sister in 1997, the
00:09:51the King told him that the then Princess Princess of Wales would be forgotten
00:09:55forgotten soon enough. Our senior senior royal correspondent Daniela
00:09:58Daniela Relph reports it. Is the
00:10:01the content of Earl Spencer's book book about his sister that has driven
00:10:04driven Buckingham Palace to issue
00:10:05issue an unusually robust response. response. Earl Spencer writes of
00:10:09of a row with the King back in 1997,
00:10:121997, when the King was Prince of of Wales after he challenged him
00:10:15him on the decision to allow Princes Princes William and Harry to walk
00:10:19walk behind their mother's coffin coffin at her funeral, something something he said his sister would
00:10:22would not have wanted. Earl Spencer
00:10:24Spencer claims the King replied angrily
00:10:27angrily saying that Diana would be
00:10:29be forgotten soon enough. The response
00:10:31response from Buckingham Palace a a sign of the fury behind palace
00:10:35palace walls. An official spokesman
00:10:37spokesman said while we do not comment
00:10:39comment on books as a matter of principle,
00:10:42principle, His Majesty is mindful mindful that the pain of fraternal
00:10:46fraternal grief can cloud reason, reason, affect judgement and colour
00:10:49colour memory in ways others do not
00:10:52not recognise. Even many years after
00:10:55after such a loss. Not since the
00:10:57the late Queen's statement that recollections recollections may vary after the
00:11:00the Duke and Duchess of Sussex's Sussex's interview with Oprah Winfrey
00:11:04Winfrey has a royal statement packed
00:11:06packed so much punch. With King Charles, Charles, we are seeing a monarch
00:11:09monarch doing things differently. differently. I think we are seeing seeing an age of greater transparency
00:11:13transparency with the monarchy in in many ways, with a King who has
00:11:16has disclosed that he has cancer cancer and is undergoing treatment
00:11:20treatment and a King who we know
00:11:22know feels things. He has great empathy, empathy, great compassion. And I
00:11:25I would imagine this is incredibly incredibly upsetting for him. And
00:11:28And he has decided that he wants wants to respond. We are hearing
00:11:31hearing more from the palace, I think, think, than we ever have done. The
00:11:35The relationship between the Royal Royal family and the Spencers has has never really recovered since
00:11:39since the funeral of Princess Diana.
00:11:42Diana. In his eulogy to his sister sister Earl Spencer was openly critical
00:11:45critical of the royals. It caused
00:11:48caused lasting damage. It's been
00:11:52been a challenging few weeks for for the royal family, many of whom
00:11:55whom will be out on official duty
00:11:59duty today. As will Prince Harry,
00:12:01Harry, who'll be in London for an an awards dinner for the Invictus
00:12:05Invictus Games for wounded military military personnel. His first public
00:12:09public charity engagement since moving moving back to the UK with his wife
00:12:12wife and children. Come on you come
00:12:15come on. The return of Harry and and Meghan has brought with it a
00:12:18a degree of drama over their security,
00:12:21security, the safety of their children children on the school run and speculation
00:12:25speculation over why they have come
00:12:27come back to the UK. The return of
00:12:30of Sussexes really is shows just
00:12:33just how much they run out of road
00:12:36road in Montecito. And they had run run out of road, do you think? Totally
00:12:39Totally run out of road? They seem
00:12:41seem to be unable to just simply
00:12:45simply quietly with composure, examine examine their options and follow
00:12:48follow a route. You know, they they
00:12:50they crash into things, you know, know, all the time. How much my husband
00:12:54husband loves bagpipes. All of these
00:12:58these engagements have been planned planned well in advance. But with
00:13:00with Harry and Meghan now back in in the UK, the days where we see
00:13:04see the working royals out on the
00:13:06the same day as the non-working ones
00:13:08ones will become more common. Daniela
00:13:12Daniela Relph, BBC News. Let's go
00:13:14go to South Africa now, where another another body has been discovered
00:13:17discovered following a spate of killings killings of women near Johannesburg.
00:13:20Johannesburg. Nine women have been been killed over the last two months. months. Police say they're trying
00:13:24trying to work out any connections. connections. Our South Africa correspondent
00:13:28correspondent Nomsa Maseko has more. more. The woman whose body was found
00:13:31found here earlier is believed to
00:13:33to be in her 30s. She was found partially
00:13:36partially naked with her throat cut. cut. Police believe she was murdered
00:13:40murdered elsewhere and that her body body was deliberately dumped here
00:13:43here near a residential area so that that her body could be found. The
00:13:47The recent spate of killings has
00:13:49has sparked public outrage and fear, fear, raising new questions about
00:13:52about the scale of gender based violence
00:13:54violence in South Africa. You know, know, I'm scared. I'm angry. I'm
00:13:58I'm upset. I'm nervous. I am everything.
00:14:01everything. I'm shattered. This is
00:14:05is bad in the a country where there
00:14:09there is democracy. But we experience experience we are faced with this
00:14:12this challenge of murdering women. women. We are parents. We are young.
00:14:16young. We. We like. We are even scared
00:14:18scared now to come out of your house. house. You are scared to go to the
00:14:21the shop. You are scared to go anywhere. anywhere. We are no longer free in in the country. We're supposed to
00:14:25to be free and to be safe as women. women. There's widespread speculation
00:14:28speculation that. The recent murders murders have been committed by a
00:14:31a serial killer, but police have have not confirmed this yet. The
00:14:36The acting police commissioner has has said investigators are following
00:14:39following up on all possible leads.
00:14:42leads. It's still very early to make make any conclusions about this body
00:14:46body that has been found here. However,
00:14:49However, because we are having currently currently a multidisciplinary team
00:14:52team that was assembled already on on Sunday when the acting provincial
00:14:56provincial commissioner made a call,
00:14:57call, it was also joined by the National
00:15:02National Forensic, a investigative investigative psychology unit, so
00:15:03so that they can assist with the
00:15:06the profiling of the victims as well
00:15:08well to look at the similarities
00:15:11similarities and if there is any,
00:15:13any, a connection that can be made made on all the bodies. Women have
00:15:16have been urged not to walk or run
00:15:18run alone and avoid secluded spaces.
00:15:21spaces. Officials have said the warnings warnings are not about restricting
00:15:24restricting the freedom of women women to move, exercise or live their
00:15:28their lives, but that it's all about about taking reasonable precautions.
00:15:32precautions. While police continue continue with their investigations.
00:15:35investigations. Nomsa Maseko. BBC BBC News, Johannesburg. The Bank
00:15:39Bank of England has announced UK
00:15:40UK interest rates have been held
00:15:43held at 3.75%, despite worries over over rising inflation and the day
00:15:47day after the US Federal Reserve Reserve Bank hiked US borrowing costs.
00:15:50costs. Our economics editor, Faisal Faisal Islam, told me why they've
00:15:53they've made the decision. They have
00:15:56have not followed other major central central banks which have raised rates.
00:15:59rates. They've held it at 3.75% on
00:16:03on the same split of the nine member member committee that we had before before 6 to 3. And the essential
00:16:06essential reason is that they recognise recognise rising pressures from energy.
00:16:10energy. But they say that for now, now, the rest of the economy hasn't
00:16:14hasn't sort of percolated out into into the rest of the economy and
00:16:17and effectively that they're going going to wait until they can see
00:16:21see that it might feed into wages wages before they act. Now, three
00:16:25three members of the committee thought thought actually we've seen enough enough rates should go up. This is
00:16:28is an inevitability that it will will percolate into the rest of the
00:16:31the economy. Six didn't. So we got
00:16:34got a similar decision to what we we got in July, despite the fact fact that energy prices have gone
00:16:38gone up considerably since then. then. But I should say and it gets
00:16:41gets a bit complicated this. But But it is important. There was also
00:16:44also another move made today on how
00:16:47how the Bank of England deals with
00:16:50with its huge stock of government government debt. It essentially acquired
00:16:55acquired lots of government debt debt during crises, and it's been
00:16:58been trying to sell that down quite
00:17:00quite calmly at a time when the government, government, governments around the
00:17:04the world have also been trying to to sell debt. And we've seen and
00:17:07and we've talked a lot about how
00:17:08how we've seen high interest rates rates effective for governments,
00:17:12governments, what they have done done today, the bottom line and there there are lots of complexities. But
00:17:16But let me just you'll be hearing hearing a lot about this today. The
00:17:18The bottom line is they have paused
00:17:20paused the auctions. The Bank of
00:17:22of England does of its stock of government government debt. They still say that
00:17:26that they will sell it, but effectively effectively they're going to keep
00:17:30keep like a significant portion back
00:17:33back to cover their issuance of banknotes. banknotes. That's new news. We didn't
00:17:36didn't know that they were exactly exactly going to do that. They're
00:17:38They're going to sell them at a slightly
00:17:41slightly slower rate. And then when when they do sell them, they have
00:17:44have asked the government essentially
00:17:46essentially to swallow that up. Now
00:17:50Now they say that this is entirely entirely their decision. But the
00:17:54the net effect of all of this is
00:17:56is that right now, when we had expected
00:17:58expected the bank to announce a programme
00:18:02programme of selling its government
00:18:05government debts, it won't be doing doing so at least for a few months. months. And I think that comes as
00:18:08as a bit of a surprise to the markets. markets. It is complicated now they
00:18:12they say this is not because we have have seen stressed government markets, markets, but like I think there'll
00:18:16there'll be a few questions about about this. They say there's also
00:18:19also questions about how this may may or may not help the government
00:18:23government finances to some degree. degree. It gets quite complicated complicated in terms of the accounting,
00:18:26accounting, but that is the news news the markets will be responding responding to. Obviously everyone everyone back home is thinking what's
00:18:30what's going to happen to interest interest rates? What's going to happen happen to mortgage rates? What's What's going to happen to growth?
00:18:34growth? The other detail I thought thought was quite interesting in
00:18:36in here was that the Bank of England
00:18:38England is now projecting that growth growth in this quarter, which it
00:18:42it thought would basically be flat
00:18:45flat 0.1% will be 0.4%. Again, nothing
00:18:48nothing to write home about and hardly hardly a triumph, but considerably
00:18:51considerably more resilient than
00:18:52than had been expected. So continuing
00:18:55continuing that picture, Lucy of of extra resilience than we expected
00:18:59expected a holding rate. But that
00:19:01that unusual and surprise move on on how it deals with the stockpile
00:19:05stockpile of debt it amassed during during the financial crisis and in
00:19:08in Covid. Faisal Islam there around
00:19:11around the world and across the UK.
00:20:17Join me Martin Sharkey of Tech, now
00:20:18now on BBC News. The Palestinian
00:20:26Palestinian Authority has condemned condemned the US denial of a visa
00:20:30visa to President Mahmoud Abbas as as unjustified. For the second year
00:20:33year running, Washington has prevented prevented Mr Abbas and other Palestinian
00:20:36Palestinian officials from attending attending the UN General Assembly
00:20:39Assembly in New York. Our Middle Middle East correspondent Yolande
00:20:42Yolande Knell has more now on why
00:20:43why the visas have been denied. The
00:20:46The Trump administration accuses accuses the PA and the PLO. These
00:20:50These two internationally recognised recognised bodies that represent
00:20:53represent the Palestinian people people of glorifying terrorism, failing
00:20:56failing to carry out reforms and
00:20:59and also, in its words, internationalising internationalising the conflict by
00:21:03by pursuing legal action against
00:21:05against Israel, particularly through through the International Criminal
00:21:08Criminal Court, the International International Court of Justice. Now
00:21:11Now the Palestinian Foreign Ministry Ministry has strongly rejected the
00:21:15the idea that pursuing Palestinian Palestinian rights through the UN
00:21:18UN and these international courts courts undermines peace. It's calling
00:21:22calling on the US to reverse this
00:21:24this decision. But that does seem
00:21:26seem unlikely. It looks like President President Abbas for the second year
00:21:30year running will be giving his address
00:21:32address to the UN General Assembly Assembly via video link. At the same
00:21:36same time, the Israeli Prime Minister, Minister, Benjamin Netanyahu, has
00:21:39has confirmed in recent days that that he will be travelling to New
00:21:43New York next week. He's going to to give his address in person to
00:21:47to the General Assembly. That is is despite the fact that, of course
00:21:50course he does have an international international arrest warrant from from the International Criminal Court.
00:21:54Court. He's accused of war crimes
00:21:57crimes in Gaza, which he strongly
00:21:58strongly denies. But the US and Israel
00:22:01Israel do not recognise the International International Criminal Court, and
00:22:04and the US has called that warrant
00:22:07warrant outrageous and biassed. Canadian Canadian Prime Minister Mark Carney
00:22:10Carney addressed the European Parliament Parliament a day after EU Commission
00:22:13Commission President Ursula von der der Leyen announced plans to make
00:22:16make Canada the first associate member
00:22:18member of the EU. Mr Carney, welcoming
00:22:21welcoming the invite. We are not
00:22:25not fair weather allies. We do not
00:22:29not pursue zero sum deals. Our commitment
00:22:32commitment to the rule of law and
00:22:35and our unyielding defence of human
00:22:38human dignity, individual freedom
00:22:40freedom and democracy share the same
00:22:42same deep roots, the same unwavering
00:22:46unwavering dedication we hold common
00:22:48common values for which we have always
00:22:51always fought and in whose defence
00:22:53defence we must always remain vigilant.
00:22:57vigilant. We believe that a strong
00:23:00strong economy is not an end in itself,
00:23:02itself, but a means to a just society. society. So what's the view from
00:23:06from the White House? Our reporter reporter Bernd Debusmann is in Washington
00:23:09Washington for us. Well, even if if we don't know what that EU Canada
00:23:13Canada relationship might ultimately ultimately look like, or even when when it might be in place, this might
00:23:17might be a matter of years. President President Trump has made his views
00:23:19views very clear. He said he views views this whole proposal as laughable,
00:23:23laughable, and he directed much of of his anger at the EU threatening threatening additional tariffs or
00:23:27or to stop trade in certain sectors.
00:23:30sectors. Now, Prime Minister Carney Carney notably kind of alluded to to this in his comments earlier today,
00:23:34today, saying that tariffs had been
00:23:36been weaponised and used as a coercive coercive measure. But so far he seems
00:23:40seems kind of undeterred by President President Trump's comments. And in
00:23:42in the past he's already shown a a willingness to kind of step up,
00:23:46up, step up and go toe-to-toe with with his counterparts in Washington.
00:23:49Washington. Already, the US and Canada
00:23:50Canada have been in a very heated
00:23:54heated trade war as of late. So so so far, he's very undeterred by President
00:23:57President Trump's comments. But President President Trump equally as very dismissive
00:24:01dismissive of the EU Canada proposal. proposal. Yeah, we should remind
00:24:03remind everyone that the US is Canada's Canada's largest trading partner
00:24:06partner burned. And as you mentioned, mentioned, they're locked in this
00:24:09this quite serious trade war. Now, Now, are there any negotiations taking
00:24:13taking place, any progress on resolving
00:24:14resolving it. At the moment both
00:24:17both sides seem kind of ready to to dig in. And if anything, I think
00:24:21think the Canadian side this is made
00:24:24made Prime Minister Carney quite quite popular at home. And we've
00:24:26we've already seen many Canadian Canadian businesses kind of begin
00:24:29begin to turn away from the United United States. Of course, here in
00:24:33in the US., President Trump wants wants American businesses to remain
00:24:37remain in America. But in many states,
00:24:39states, Michigan, for example, Maine, Maine, this is really having a very
00:24:43very significant impact on those
00:24:45those businesses that have cross-border cross-border business between the
00:24:48the US and Canada. And I think it's it's going to become a very hot issue
00:24:52issue as we head into the mid-terms mid-terms and over the next few months
00:24:56months as President Trump really really starts to see the effect of
00:24:58of this in some of those very key key states such as Michigan. Yeah.
00:25:02Yeah. How is it affecting those that that are running in those states
00:25:05states given the likely to take more
00:25:07more of an economic hit if the all
00:25:09all of the restrictions come in?
00:25:12in? Well, it's certainly been something something that Democrats have kind
00:25:15kind of latched on to as a way to to attack the Trump administration
00:25:19administration and Republicans saying saying that ultimately this hurts
00:25:22hurts American businesses. On the the other hand, those Trump aligned
00:25:26aligned candidates, they see this this as something that could ultimately
00:25:30ultimately benefit Americans in Michigan,
00:25:31Michigan, for example, by bringing bringing much of the cross-border
00:25:35cross-border automobile trade back back to back to the United States.
00:25:39States. Rather, the Trump administration administration and his preferred preferred candidates. And many of
00:25:42of these states see that as something something that will ultimately create create jobs for Americans and have
00:25:45have a much longer term benefit. benefit. So you're seeing a very very different picture of the trade
00:25:50trade war painted by both sides of of the political spectrum here in
00:25:53in the US.. Bernd Debusmann there there more coming up on the business
00:25:56business news live from New York, York, and I'll be back after that.
00:26:00that. Bye-bye.
00:29:42of Tech, now on BBC News. MUSIC
00:30:00MUSIC Now on BBC News, the latest from
00:30:03from New York and around the world.
00:30:05world. Business Today. MUSIC
00:30:21Live from New York at the Opening Bell. This is Business Today. Today. US shares jump on the Open
00:30:24Open as oil prices sink further and and The Fed reassures investors it's
00:30:28it's going to get inflation under
00:30:29under control. Stronger together
00:30:33together Canada's Mark Carney takes takes aim at US tariffs and big tech
00:30:37tech as he addresses the European European Parliament. Throwing down
00:30:40down the gauntlet to President Trump.
00:30:44Trump. Also coming up on hold. But
00:30:46But for how long? The Bank of England
00:30:48England leaves interest rates unchanged
00:30:51unchanged at three and a three quarters quarters of a percent. But it warns
00:30:54warns they may have to rise if the
00:30:56the Middle East war drags on.