Trump UNLEASHED Most Brutal Tariff Tactic... WIPES OUT Everything Canada Has
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The US just released a new trade tactic
and this could be the next economic
domino wiping out Canada's economy. It's
so bad that they actually held an
emergency meeting in Ottawa about it.
It's not looking good. And somehow
Justin Trudeau is responding to what's
going on. Not helpful. Also not helpful,
Doug the Liberal slug went on CNN today.
So obviously we got to go over that
nonsense as well. I have a clip today
which I think is the single most
important clip we got in the last 24
hours. Somehow nobody's talking about
it, especially the mainstream media who
focused on all the other clips, but this
one they hid. And maybe that's because
they just put out a crazy article
saying, um, Americans are paying
attention to Canadian politics. Maybe we
should be worried. If you didn't have
anything to hide, why would you be
worried? And the article is nonsense,
too. There's lots to talk about in
today's video, so let's get into it. All
right, jumping into this tariff change,
which is not looking good. We got this
tweet here. The US Department of
Commerce announced today a mechanism
that would conditionally reduce section
232 tariffs on primary aluminum, steel
imports from Canada and Mexico, but only
if companies commit to building new US
aluminum or steel capacity. Not a
positive development is uh kind of an un
understatement from Louise Blae there
because we're finding out that this was
really scary is the quote here. Ottawa
warned Windsor Essex industry could move
to US and shut down under the new tariff
changes. There's going to be a lot of
shops closing and we will see a lot of
shops moving and this is related to
that. An emergency meeting of MPs in
Ottawa was warned that industrial parts
manufacturers in the Windsor era area
representing an important part of the
local economy could shut down or be
forced to move across the border under
punishing new US tariff changes. The
risk that we see and the scary part
about it especially for Windsor Essex is
the possibility of losing our
manufacturers to the US executive
director Nicole Vlanich and she told the
Windsor Star there. So, we're seeing
kind of immediate impacts and immediate
effects from that change that's
happening and it's like she said at the
beginning, not good. So, that's a pretty
brutal tariff move. Uh, Canada is going
to have to find its way around. But, we
also got this post here. That post, hey,
uh-oh, another economic domino falls in
Canada on the war in Iran. Car sales are
down in all 10 provinces last month due
to trade pressures and higher prices at
the pump. Yes, gas prices are a factor,
but also the fact that Canadians are
losing jobs. Also the fact that
Canadians are losing hope. They're
getting very scared. Not just from the
war in Iran, but the fact that our
leadership is seemingly trying to run
the country into a into the ground. Not
even into a recession at this point, a
straightup depression, especially with
the statements we got from Mark Carney
today. We know almost all of Canada's
auto industry has been led by us being
able to sell into the United States. So
on top of that, seeing it slow at to
this degree on the consumer side of
Canada is such a bad sign from like a
consumer confidence standpoint and what
that means moving forward. Canadians are
struggling right now and the government
just refuses to get the deal. Not even
the deal. Let's even just say they
refuse to do what they're saying they're
going to do. They refuse to approve
their own projects and Canadians
continue to get held back as a result.
But don't worry, we got Justin Trudeau
getting American coverage today talking
about how it's no big deal about the
tariffs because Canada's able to make it
work with Europe. We're just going to
sell them all of our aluminum.
>> This is the trend line. We need to make
that happen. We're seeing a similar
thing happen right now with President
Trump threatening the Canadian auto
industry where we're now having to look
at working with China because, you know,
the American industry doesn't want to
work with us anymore.
>> Just quickly for context, why he's
saying it's similar is he said Germany
and America had originally pushed Canada
to deal with China because China was the
only one willing to buy Canadian planes.
Now he's saying this is the same thing
because the US is forcing Canada into
the arms of other countries. how he's
comparing the aluminum situation to that
>> and the big example we get right now is
on aluminum
anyone who knows the aluminum industry
knows that Canada has for decades
>> that's so classic the big on aluminum
and anyone who knows the aluminum in we
get right now is on aluminum
anyone who knows the aluminum industry
knows that Canada has for decades been
one of the great places to make aluminum
in the world massive amounts of hydroele
electricity Access to the raw materials
meant that we are a strong, clean,
reliable supplier of aluminum that
America, the United States would buy
massively from us. Well, the US,
>> they did not buy from Canada because it
was clean aluminum. They just bought
because it was cheaper.
>> Recently decided to put 50% tariffs on
Canadian aluminum. And though suddenly
the Americans weren't buying aluminum
from Canada anymore, they were looking
at trying to increase their own
production.
which is not easy to do because
electricity is so expensive in the
states and not as clean. And the
Europeans sort of came to us and said,
"Hey, wait, you make the cleanest
aluminum in the world and you're not
able to sell it to the US. Will you sign
a deal with us?" And we said,
"Absolutely." So, we now closed five and
10year deals selling massive amounts of
the cleanest aluminum,
cheap, well-made, proximal, friendly
supply chains to Europe,
which means when the US finally wakes up
and realizes that the fact that they're
getting more of their aluminum from
Bahrain right now, uh, which isn't
exactly the safest part of the world to
be relying on for essential supply
chains because of other things the US is
part of partly doing.
>> There you go. Had to sneak in a couple
jabs there. But here's where he finishes
his point. I want to talk about it.
>> Um, they're going to turn back to us and
say, "Great, we'll take our aluminum
back now." And we'll say, "Uh, not our
not your aluminum anymore. We just
signed deals with the Netherlands and
everyone else." And those are 5 10-year
deals that that you know, we're happy to
start building more plants if you're
really going to sign on deals with us.
But that uncertainty of are you going to
throw tariffs on us again means that we
found better partners for that and that
>> so he's saying that America's going to
wake up one day and just be like look
you know Canada we actually need all of
your aluminum it's got to come back to
us and it's not going to be there
because we're going to be selling to
Europe and that is partly true Canada
has increased we talked about it before
on the channel its shipments of aluminum
to Europe which I'm not going to
complain about it's a good thing that we
are getting expansion into other markets
as we say diversifying is good we just
want to have the deals with the US. So
ideally, we have a situation because
it's not realistic that we start
supplying so much aluminum to Europe
that it replaces all of the purchasing
of the US. So what would be the best
situation is to get a deal so that we
can keep aluminum going into the US and
get it into Europe. That being said, the
US is doing a ton in the aluminum space
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