It is wake up call for Canadian government to build own infrastructure and provide jobs to Canadian people. Economically, it will be hard for Canadians for next a few years, but refineries , gas plants and lumber industries etc will be created, it will be good for future generations. Thank you so much for explaining tariff issue.
All caused by liberal government who allowed criminals to come to Canada 🇨🇦 from India 🇮🇳 who does drugs trafficking and cross Canada - USA border illegally. I do understand not all Indians are criminals but they didn’t do a good job in identifying criminals or follow strict immigration procedures.
Canada has 40 million people around 70+ thousand are enlisted in the armed forces. Many countries have mandatory service for men and some include women, it is practiced in many democratic countries. Maybe it's time Canada began taking its security more serious what with being between a bear and an a$$hole.
More than that, it's a wakeup call to divest from America. America is a sinking ship; it's time to bail out and deal directly with Mexico, China, etc. We should now be treating the Trump administration and its threats on the Canadian economy as a national security threat.
Canada wouldn’t be in this dire economic situation if it didn’t have destructive interprovincial trade barriers, that act like a 21% tariff on internal trade [IMF figure]. They impede the flow of goods and services between provinces, raise prices and reduce productivity and overall economic growth. Moreover, experts estimate that eliminating these barriers could boost Canada's GDP by up to $200 billion annually, and MORE than offset the damage expected from Trump's threatened tariffs. The Business Council of Alberta stated “One of the profound ironies of Canada’s focus on foreign trade is that, in many cases, it is actually easier for Canadian companies to do business across international borders than it is within our own country.” These self-imposed tariffs MUST be eliminated!! How can we complain about Trump’s tariff threats when we tariff ourselves??! Email or otherwise contact your Premier and/or MPP and DEMAND these barriers be eliminated.
Too late now, the stupid Canadian government put all their eggs in one basket and pissing off all the big customers like India, China, Saudi....for the US! For so many years, Canada doesn't even have it's own oil refinery.
One thing you missed about the oil Nav is that the USA refineries are set up to refine heavy crude only. The sweet crude that the US is pumping is sold on the free market at market prices. Canadian oil is bought by the USA at a 20% lower cost than the oil they sell. Since the refineries are only able to accept heavy crude to make gasoline, diesel jet fuels etc.. the USA would have to find another source for this heavy crude oil. They have their choice of Venezuela, Iran, or Saudi Arabia. The pipelines are already in place to supply Canadian crude to the refineries but the other oils would have to be shipped adding to cost, and the other countries are in OPEC and wont sell for the same price as Canada. The US is stuck with our oil because refurbishing the refineries would take several years (Trump will be out of the Whitehouse then) and hundreds of billions of dollars. Why would you want to lose this partnership. 1. The US pays less than market value for the oil. 2. The infrastructure is already in place. 3. The refineries need to have heavy crude as their base oil to process. 4. Charging a tariff of 25% will make the price of gasoline, diesel and jet fuel much more expensive to the American public. This would be a promise broken by the President. 5. The American people can import oil from the OPEC countries at a higher cost resulting in a much higher price for fuels, they can buy it from Canada with a tariff resulting in a much higher cost of fuel, or they can just let things work as they have for the past 50 yrs. Seems like a No Brainer for me Nav.
The US has its own oil it can sent to the refineries now that Trump has reopened the Federal waters to pumping again. The American oil isn't as difficult to refine. Changing from Heavy Crude to a lighter crude is more about process then equipment. It is just quicker and cheaper. Bottom line, the US does NOT need Canada's oil. The worse that will happen is a 3 or 4 day spike in gas prices in the mid-west US, during the conversion. Trump may have planned for even this. The US has a large oil reserve. You need to find another customer for you crude; keep in mind you may have to refine it yourself before you sell it. Most of your pipelines go to and thru the USA, and the US controls two of the locks on the St Lawrence River. No sure how you will move it if Trump is an ass about it. Where the hell was your government and business leadership to allow this to happen? Dude, this is like the first day of business school stuff. You can't blame America when your government is AWOL. Good Luck! Bon Chance!
But again Saudi Arabia might sell its oil to the US at preferential rates...After all, Saudi Arabia is again providing the US with hundreds of billions of dollars and probably a trillion which Trump is asking for
Iran and Saudi produce sweet oil as majority. Plus, there are sanctions on Iran. So, how are these countries an alternative to Canadian oil? Gosh! Stop attending chat GPT university
"Charging a tariff of 25% will make the price of gasoline, diesel and jet fuel much more expensive to the American public" What will it mean to gas prices in Canada? We don't have the refineries. We need to buy gasoline from the States.
it does not matter how strong you stand up, Canada will lose the trade war with America, but it will not be easy for America either they will lose time to market on many vital to industry products production. The key is Trump do not have this time on his hands and he knows it well. SO HE IS BULLY CANADA - I suspect he wants to buy something from Canada very cheaply, something like uranium mines what America really needs for Trump plans to work, he needs lots of energy sources, not the nonsense with renewables but real energy source like nuclear power plants . SO ALL OF THESE IS A GAME
Canada seems to be very reactive in its approach and needs to adopt a more proactive mindset. Its current attitude resembles that of a passive bystander. Reopening trade talks with China and India could open new avenues for growth, and exploring markets in the EU and Asia could bring significant opportunities. With careful strategy, Canada could even strengthen ties in the Middle East. However, it appears overly reliant on the comfort zone shaped by previous leaders and its close alignment with the US, which hinders meaningful policy shifts.
Trump needs to wake up and live in the real world not a fantasy he has created to suit him. Get real who wants to become the 51st state. I am CANADIAN and proud of it. Our leader is not a convicted felon. Trump should be really proud of this. Give your head a shake. There is only one GOD and his name doesn't start with T....
We have been kissing The U.S.A."s rear end for way too long. Our governments have been and continue to be shortsighted with a one way brain set heading south. It is through their ineptitude and poor business accumen that we find ourselves with one major customer for our products. A business person with the minimum of common businee sense diversifies his customer base. A one customer business is completely at the mercy of that customer and it is eventualy the customer who owns the company, not in name but in reality. The time is ripe and the door has been opened by the likes of Trumpf to move on. The U.S.A. is a land of vipers who have but two goals POWER and MONEY. The writing on their money ' in God we Trust ' should read ' In God We Trust and *uck everyone else.
Vancouver port takes ages to release a shipment. Things like that need to be accelerated. Getting products from India and China should be accelerated. That would solve our short term problems and would set a foundation for long term success.
Disagree. Canada can tariff US ships 25% or block them from using the Welland Canal. US ships do billions of dollars in business sailing to and from the heart of the US, through the Welland Canal, the St. Lawrence; and from the rest of the world. US built the Panama Canal and Canada built the Welland Canal. Check Mate. Alberta, stop selling Canadian oil to the US at a $15 discount per barrel!!!! What oil producing country does this? WTF?!? Charge them full price, plus a 25% tariff on top of that. Canadian companies must try to find more business opportunities with other countries.
@@Leceister4231 Canada mostly sells cheap raw resources, energy and agriculture to USA. Tariffs make USA food prices go up for families, USA manufacturers will pay more for energy and materials. USA manufacturers hire American workers to do good value added jobs, So taxing imports for manufacturers, cause the final product price to increase. That makes them more expensive for American consumers and exports. Buying lots of cheap Canadian materials, paying good wages to American workers to add value, manufacturer vehicles, machinery, farm equipment, etc and keeping those products competitive for WORLD export profit is a win win. TAXING the raw materials and increasing energy costs make USA manufacturers less competitive and forces them to move their plants and jobs over sea. To where labour is cheaper and they can buy their raw materials TARIFF FREE. think about it, Canada and the USA have been friends and a great team for years. Don't let a bankrupt con man con you. It doesn't add up!
@robertstevens1554 do u have uranium for your nuclear power reactors? Also, the USA imports $200B in crude oil from Canada to supply the shortfall of the type of oil. USA refineries need to produce gasoline, image what 25% will do to your fuel pump prices. If trump breaks the trade deal he negotiated last time he was in power. Canada will be able to fill our new pipeline to the pacific ocean and sell that oil to ASIA, for a better price. What will happen if your refineries suddenly lose 20% of the oil they need. The drill baby drill oil in the states don't match the type of oil your refineries need, and no one wants to spend the $billions and years of downtime to refit them. trump is now threatening the EU to buy more American oil because your oil is no good to you! Imagine if a store you shop at suddenly starts threatening you, would you keep dealing with them or find a new friend to deal with? USA buys 40$B of agricultural products from Canada. You must need them for something @ your food stores and trump wants to add 25% cost to them for himself. Sorry you Elected a con man that has a record of bankrupting Casinos.
Ppl talk about the run. What about the long run. If we take the hit for now and build up our economy to not need the export to the US. And in turn the price is dropped for our fellow Canadians so they can re invest and buy from the Canadian market. Canadians are already paying higher prices compared to Americans in all consumer products. The lower prices will drive Canadians to buy more. Which may keep production higher after things settle…I want the long run details….. short run is always shortsighted.
That's pretty idealistic at this point. We can thank Trudeau for our current situation. We have no infrastructure, no pipelines, and limited shipping ability. Could Canada survive 3-5 years of limited US trade and actually afford to build infrastructure in the interim? What will be the added cost of shipping anything of value overseas? We sell mainly bulk resources with limited "finished goods"....where would the market be that would pay a premium for Canadian resources when they can source them closer from Russia or China? (remember the war in Ukraine is of limited duration now, and Russia will be hungry to recover market share, and China will be reluctant to give up any.) I'll bet we have less than a year before our dollar is at 35 cents and our unemployment rate hits 18%. We are 100% screwed if you ask me. Not sure if we have many options.
@@rmartin5285well do what the USA does, print more money to boost economy. The USA in in debt 36 trillion dollars, they print more money and go deeper in debt to keep their economy going, works for them, should work for canada. I mean USA says they are the richest country in the world, but they are in debt 36 trillion dollars. And trump keeps saying they are rich too, but he still wants more money for the treasury.
It won’t destroy Canada… It will affect Canada negatively for some time while we start trading with other countries etc… and eliminate interprovincial trading barriers… to get that interval 4% GDP back into our own country just by trading within provinces. We will manage just fine. 🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦
you don't want to even think aboiut what happens to Canada's natives if the US takes over. All treaties and agreements, payments, and respect goes out the window.
All caused by liberal government who allowed criminals to come to Canada 🇨🇦 from India 🇮🇳 who does drugs trafficking and cross Canada - USA border illegally. I do understand not all Indians are criminals but they didn’t do a good job in identifying criminals or follow strict immigration procedures.
History (His-story) is written by the Conqueror. Man's greatest enemy is himself. Greed is an animal. Greed is a major driving force behind Colonization, Genocide, Slavery, Colonialism, Imperialism, War which are all evil things done and benefited by evildoers. Greed is behind everything that is bad.. Those with no remorse or empathy for others who are greedy are the most cunning. They leave trails of debris, through Genocide, Slavery, Colonialism, Colonization, Imperialism & War., no matter where they go.. Whenever they left, they left it in strategic violence and tension. It's such an evil world we live in. In the case of Native Americans; centuries long systematic effort to keep them weak with a relatively small, marginalized & disenfranchised population, so that they would never be able to reclaim their vast bountiful motherland, ever again. In other words, all it takes is to create an artificial environment where Native people of the Colonized land remain poor, weak, powerless and their population at the bare minimum.. The sad truth is the fact that the plight of indigenous Native Americans are the most marginalized and forgotten case in history. The fact that they need to repent and repay their sins and crimes.. After all, it's "a man's gotta do what a man's gotta do" thing.. Repay and repent for your long overdue crimes and sins. A man's gotta do what a man's gotta do. 🙁
US refineries can switch, but foreign entities are: 1) given refiners huge discounts to not change 2) Purchasing the refineries at massive premiums to prevent them from changing.
The USA economy is 18 trillion US dollars the largest in the world in 2024, you really want to go to war with these guys, and think you can win. ? and don't forget " . Their Military has their scope all over Canada any over reach by Canada and we are toast .
Canada’s reliance on real estate and immigration is unsustainable, and global trade challenges like Trump-era tariffs on exports expose the economy’s vulnerabilities. Overdependence on real estate inflates debt, while underemployment among immigrants limits their impact. To ensure resilience, Canada must prioritize innovation, advanced manufacturing, green energy, and technology. Investing in productivity and reducing reliance on volatile sectors is key to building a competitive, sustainable economy.
All caused by liberal government who allowed criminals to come to Canada 🇨🇦 from India 🇮🇳 who does drugs trafficking and cross Canada - USA border illegally. I do understand not all Indians are criminals but they didn’t do a good job in identifying criminals or follow strict immigration procedures.
High Tariffs on china would lead to high demand for garments from countries like India, Bangladesh and Vietnam. So you can do something with importing stuff in usa from bangladesh, india and vietnam.
Buddy, since our dollars worth 40%, less than their dollar and their dollars worth way, more than ours. Figure it out a 25%. Tariff, they're still saving 15% over what their dollar buys over what our dollar buys. So it's not gonna hurt America. And it's not gonna hurt us, they're still gonna buy our stuff
Hows a broke country have a chance i refuse to back down to a mad man after my dad fought to get rid of a mad man and many families lost family members to get rid of a mad man as a Canadian i will not back down to this mad man
From an economics perspective, bread and crude oil have a low price elasticity of demand (i.e., the quantity demanded is less sensitive to price changes) so the proposed tariffs are likely to hurt the US more because they can be passed down to consumers who end up paying a higher cost --> inflation (esp because of oil price impact on downstream sectors). I think energy will be exempted from tariffs. They will be applied selectively on goods and Canada will have to respond accordingly. I agree that Trump is probably posturing to gain leverage in trade talks. PS: I feel the AI-generated images in the presentation are too many and too dramatic.
This analysis is coming from finance guys who are basically not creating anything and don't understand how difficult to create new industries just because tariffs are created, Freemarket is much more important to USA as thats how they created hegemony on Dollar, policies and trade. Anyways I think just as housing, over investing on US stocks is playing with fire.
US needs canada oil. Your economy would crash without it. Trump is talking out of his ass. Just google how much oil US produces and how much they consume. Very easy to understand
@@davidbarlow372 And Florida's GDP is slightly less than Canada's. It's quite embarrassing for Canada to have states that rival and even surpass its GDP.
I think it will too and have been saying so for a while now. I also don't think it's a bad thing. We have 2 options. More WEF or more US. I'll take and bet on the US every time. I'd also take lower taxes, better health care, more opportunity and the biggest military on earth happily.
There is not a trade war. Canada needs to do what they are suppose to do and take action. Border security focusing on people, drugs, and gun trafficking. Pay the 2% to UN.
This is what happens, when you depend on one country so much ! Also, letting in too many non tax payers into country. There is not enough schools, hospitals, homes and jobs now. We are in bad place now !
The last time an American president tried to turn Canada into one of America’s states, we burned down the White House. But not before our soldiers ate a nice hot meal prepared by his wife, Dolly Madison before they fled the Capitol. Lovely lady. Good ice cream brand, too!
It was not a burn down, but yes a 3 part force did put torch to the "white house" -British forces , Canadian militia , Native confederation headed by Tecumseh, the best scouting and skirmish troops of the time. The local Washington militia ran, most Americans of the day were scared of scalping an such. The "manifest destiny" was an invasion the native peoples were firmly against, and their war in 1812 was that expression firmly. No one here wants a US gov. even if it means were all dirt poor.
Fantastic video Nav. Very informative as always. I know you already touched on it before. But as this trade war has already been triggered, sometime could you please also make a video on what jobs in your opinion would still remain in demand in Canada including the jobs for career change (possible with 3-6 months of certifications) ?
The United States has a trade deficit of $53.5 billion with Canada, with total bilateral trade amounting to approximately $908.9 billion. That deficit is almost entirely oil that is sold below market value which the US refines into higher value and resells. This is an exchange of goods and services that is mutually beneficial, supporting industries and jobs in both countries, and is modest compared to the U.S. trade deficits with other nations, such as the $367.4 billion deficit with China. This trade relationship is not a subsidy, as Trump says, but a reciprocal exchange of goods and services that enhances the economic prosperity of both nations.
I think Trump is talking about the billions it cost the USA to protect Canada, and he thinks we should pay for that. He has a fair argument, if you claim to be a sovereign country , then be it , and protect yourself . Otherwise you are owned, this is his pragmatic business analysis. Canada must provide concessions that will balance the economic imbalance. It would simply be best to pay up and agree on the least painful terms.
This was a very informative video and very well put together. Thanks for sharing. I don’t see how the US could afford to put these tariffs on Canada either. But I believe Trump’s ask is real. Canada needs to fix their immigration issues - stopping asylum seekers from coming in; going back to a merit based immigration system; reducing the number of immigrants to match recourses and infrastructure available; and they need to fix their boarder issues - stopping the flow of fentanyl into both our country and into the US. I believe we’re in this situation due to the liberals and Trudeau’s failed policies. The sooner we can get Pierre into office, the better! Would love to know what everybody else thinks though?
Interestingly your conclusion, without saying it, appears to be that the USA will collect more revenue from its citizens in higher prices of Canadian goods because proximity and reliability already results in a cost advantage.
It is truly disheartening to see Canada face such a setback from the United States, a nation we have long regarded as an elder brother. This serves as a valuable lesson: relying too heavily on any single entity, much like staying too long under parental support, can ultimately hinder one’s ability to build self-reliance and explore broader opportunities. This is a wake-up call for all Canadians to unite and actively seek partnerships with countries that are open to doing business with Canada, irrespective of religion, ethnicity, or sociocultural and political differences. Together, we can diversify our relationships and create a stronger, more resilient future.
Great content Nav - loved the analysis. I think he’s behind the goose that’s laying the golden egg ie Canada becoming 51st state. I think you should consider making a video on pros and cons of the annexation
It’s unfortunate that the everyday Canadians will feel the negative impacts of Trump Tariffs. But remember, Trump isn’t the bad guy. This is a result of poor management and our woke mind Canadian leadership.
huh? trump is the bad guy. he could just not do it you know? its not like the poor management in canada lead to the us president enacting tarrifs good lord get real. you can say we'd be better off if blank but it doesnt change what trump is doing, the time old USA classic, bullying other countries.
My suggestion to Canadians is to elect a Prime Minister who can offer to collaborate with Trump. By getting rid of the Canadian currency and adopting the U.S. dollar in exchange for free trade, Canadians will gradually realize they are becoming American. Slowly, we could transition away from socialist healthcare and adopt private health services. Let's not talk about healthcare now because Canadians know how to exploit the system. Many of us own homes in Florida, and when we get sick, we return to Canada for operations; we are living in an illusion. In Asia, countries like Russia, India, China, and Iran are forming a united BRIC currency to devalue the U.S. dollar. We must stop this foolishness in Canada. Mass immigration has led to our current challenges; look at where we are today-a nation struggling to find jobs while taxes remain excessive. Many states in the U.S. have no income tax, and mortgage terms are far more favorable there, unlike the frequent five-year renewals here. Canadian banks often charge high-interest rates, and house prices in Canada are outrageous. Even though we have our own timber, we still prefer to export it to Americans. Canadians often don’t support each other; instead, we seek American consumer capitalism and money. Ultimately, we are a failed nation.
Canada is like a kid who is very intelligent and skilled but is lazy, doesn’t like to work. Canada has laid back or passive approach. Canada needs a push a like this to be more independent.
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Yes. This was a good thing happening. It gave a kick in Canada's rear end to stop the easy dependence on US markets and look outside. Canada can find new partners and move away. We have commodities many countries in the world needs.
In British Columbia, we have to import 25% of our electricity. Electricity is an Essential Service and cannot be cut off. Hospitals for one, are a reason. Electricity trades at Market Prices. In my opinion, Electricity will be left alone. Non negotiable.
How do we do that before unemployment hits 20% and the dollar crashes below 50 cents??? That's likely next fall. We have NO infrastructure in place to trade large scale overseas.
We already do, USA is only one country we trade with, but what we should do, is increase our trade with the other countries and negotiate with countries we don’t currently trade with. Also if Trump put tariffs on us, we should stop buying USA made products, stop going on vacation to the USA, many much more beautiful places in the world were our Dollar is more valuable then that countries currency. Plus they like Canadians.
Trump already signed an Executive Order that for a vehicle to be sold in the USA that 100 percent of the parts must be manufactured in our Country. In addition, 100 of the build must happen here. Canada is in big trouble. No military support, 25% tariff's and the auto industry is already screwed. Canadian's have no idea how big trouble they are in. There is a housing over supply in America. We are about to see a massive housing crash. In Florida, we have a ten month supply of housing on the market. Canada is gonna feel that pain regardless of Trump. The Cartels in Canada running drub labs. Canadians for just looking for hope. We have backup plans for all of these things that appear to be a problem. They are not.
I am Canadian for 18 years now. American president making problems….?Tariffs ….? No problem. We may export to Europe, China, Japan, Korea, Taiwan, Malaysia, Australia, New Zealand, etc. We need only to make new deals. And problem solved.
Good video, however you forgot Canada has the most Fresh Water of any place in the World. Water may replace Oil and precious metals in the future as a needed commodity.
@@Leceister4231 Tell that to LA. I wasn't really relating water to the US as the host was talking resources. Places in the ME would but a tanker of water each day.
In my opinion, Any fresh water that flows to the US is owned by the US at the source. So they own the water right up to the Glacier. I was always curious if we could shut off the water to the US, but that is a hell No. Never will be allowed or tolerated by the US.
@incog.well if the USA would pay Canada back for the $330 billion dollar loan, that the USA got from Canada years ago, would be nice, that is collecting interest every year. If the USA is subsidizing Canada, how could we have giving the United States a loan of $330 billion dollars when the USA needed it, pay your loan with interest. stop saying Canada owes you, when USA owes Canada.
The US only has $7.4 trillion in U.S. debt. Japan owns the most at $1.1 trillion, followed by China, with $859 billion, and the United Kingdom at $668 billion. So if we even trade deals and cut back the additional funding over paid to NATO and the trillion saved from pulling out of the paris accord… im pretty sure youll find any debt being wiped out within the next few years
Then take these amounts divided it by 4 . take 1/4 of that amount since foreign aid is on hold for the first quarter of 2025 while under review.. and realize the US is solid financially. Countries That Received the Most Foreign Aid From the U.S. in 2023: Ukraine ($17.2B) Israel ($3.3B) Jordan ($1.7B) Egypt ($1.5B) Ethiopia ($1.5B) Somalia ($1.2B) Nigeria ($1B) Congo (Kinshasa) ($990M) Afghanistan ($886.5M) Kenya ($846M) Countries That Received the Least Foreign Aid From the U.S. in 2023: Curacao ($3K) Portugal ($6.5K) Kuwait ($73K) Dominica ($86K) Italy ($90K) Norway ($93K) Russia ($108K) Spain ($133K) Netherlands ($144K) Singapore ($304K)
So many seem to omit the population differences. USA has more than 4 times the population of Canada. The greater population absorbes a greater amount of goods va,nations. Why is this not considered in comparisons of exports/imports?
Because there are people here that seem to be working with Trump to try to brainwash the Canadians into think we can’t live without the Americans. When in reality it is the other way around they need our products, minerals, oil, lumber and water. That all they want, they don’t care about us, our medical system has a few fawls but we don’t have to go into permanent debt for a hospital visit,a friend of mine took his family to the states on holiday his son fell a cut his leg, they brought him to the hospital, the doctor looked at him, cleaned the wound stitched it and put a bandage on it plus gave a prescription for antibiotics as a precautionary measure, all said and done $2500.00 bill, and they still had to go get prescription filled. He told me never again, they next vacation will be somewhere in Canada we’re the hospital visit would cost zero dollars and the prescription would be cheaper as well.
Take out cheap Canadian energy and Canada is at a huge trade deficit to what we import from the USA, so they are already winning. As Canada is largely a resource exporter to the USA, you may want to consider it as a wholesaler. So if you put a 25% tariff/surcharge payable by the purchaser to the american IRA, the American restaurant, consumer, manufacturer/employer, etc costs go up so product they sell goes up and they get less competitive on the world markets. In other words if they continue trade deficits with Canada of cheap energy and raw materials, it still benefits the USA consumer and manufacturers/workers compete with value added exports to the rest of the world.
Hes just holding a grudge against Canada because he knows that Canada and most of Canadians don’t like him. Hopefully he thinks like a man not like a 8 years old bully. Love for Canada
I don’t know if tariff wars with multiple countries simultaneously is a good idea. The consumer will pay more in the end since the business will pass on the tax. Everything will be more expensive.
If you can manage it, boycott USA products, here is Canada we don’t just have American products, we have products from other countries to, same stuff Americans sell to us, but cheaper, don’t by American, buy other countries products, see how quick Trump say ok ok ok, I didn’t want to put tariffs on, I was only joking, then remove them, actually all countries should boycott USA product find alternative sources, and make the USA dollar worthless again, like in the 1930’s
People who say Trump is “bluffing” or “posturing” are the same who said he will never be the President. Trump is not a gambler he is a risk taker. There is a difference, he does what he says.
Yeah he does what he says,lmfao, the price of food not gone down in the United States, was suppose to be down day one, day one they were suppose to give taxes breaks to middle class and poor, didn’t happen. In fact most everything he promised middle class and poor that he would do for them didn’t happen,he said day one when he was in office he would end Ukraine and Russian war, war still going on, he said he was going to be a peace maker, now he is a war monger,threatening war with allies. Why do people think that a business man who has run almost every business he owned into the ground and bankrupted them, he doesn’t know anything about how to be a politician and make a country prosperous again.
It's a good point that, if Trump is here for only four years, he may not want to press hard on Canada if he has other competing priorities that would be impeded if it disrupts supply chains too aggressively. Eg he imposes tariffs now, they have a knock on effect. As we saw from COVID and from GFC, disruptions correct up and then down and tend to last for years. A year and a bit from now mid terms will be in view. The other thing to keep in mind is that he is heavily involved in policy, and if he has only just started, he will necessarily face divided attention. He will have to pick his focus, or will lose coherence. I think everyone is hoping as he adds more and more policy changes with the inevitable frictions that change brings, he has to drop some agenda items. Canada and Mexico should hope he becomes convinced there isn't really much in a trade war when he has other more urgent problems with better payback
Canada needs to expedite the construction of the Northwest exit in order to have an alternative export roots to Europe and Asia, then the Americans would be forced to appreciate Canada's proximity to US export goods .
What Canadian would want 25% lower income tax? How about a 90 cent liter of gas? Cheap milk and cheese, a stable dollar that doesn't fluctuate like a Yo-Yo, cheaper housing and rent, 600% increase in employment opportunities, the ability to move to a warmer climate, no more tariff uncertainty, Continental security, on and on..... What Canadian in their right mind would want any of that?
550,000 Americans go bankrupt each year due to medical bills. The medical system in the USA is cruel. I want no part of it. I don't want to lose my house, investments etc. due to medical bankruptcy. Trump can stuff his America-Canada merge idea right where the sun don't shine!
This Canadian doesn't want to go bankrupt due to medical bills. The American medical system is cruel. Trump can shove his USA-Canada merge idea right where the sun don't shine!
This Canadian doesn't want to go bankrupt due to medical bills. The American medical system is cruel. Trump can shove his USA-Canada merge idea right where the sun don't shine!
I don't want to lose everything due to medical bankruptcy. 550,000 Americans go bankrupt each year due to medical bills. Trump can stick his USA-Canada merge idea where the sun don't shine!
Canada blew it when they got rid of there oil refineries and built a pipeline to Texas instead of more refineries and a coast to coast pipeline. He wants our water he said while saying we have nothing they need 😂
We still have oil refineries here in Canada, why do people think we don’t have refineries here we do, and we have more oil then those refineries can refine, so selling some of that oil to other countries makes since, where i live, the oil ships are constantly coming to put up oil from the refinery and ship it world wide, there is even a rumour that Germany maybe interest in purchasing oil from us, because of the shortage they are running into because of war between Russia and Ukraine.
Good research, Informative video, thanks for sharing. 16 mins of video worth to watch. Curious to know what will be the impact of this on the housing prices? what is coming PMs appoach towards Tarrifs ? How is his relations with Trump?
Thank you 🙌 I think the new PM would negotiate not retaliate. I hope that’s what they choose. And if they successfully negotiate, there will be no impact on the housing market. I guess we will know that very very soon.
No one is talking about how fragile the US economy is. January 27th is just an example of how innovation can disrupt and shed trillion dollars worth of tech stock in a day with a single innovation from China. China just demonstrated how innovation is key and a tariffs just restrict and obliterate innovation. The west should be focused on innovating and not restricting trade. I anxiously await the other innovations China has in their back pocket that will disrupt the west's false sense of security that we are the world's innovation hub.
Canada and Mexico can stand strong or stand STUPID! What Trump wants is for the entire North American Continent to have free trade, open borders and equal property rights across the continent. Together, the three nations could enjoy a common defense and live in peace and prosperity like no other people on earth. The three nations are blessed with wonderful people, infrastructure, logistical systems, technology, energy, water and agriculture like no other continent on earth. Why can't the three biggest trading partners who are neighbors get along and just do without the rest of the world's problems.
Diane Francis put this in her book DEAL OF THE CENTURY, Sounds Good to me but I don't believe the Majority of Canadians are smart enough to go for it and if they did Quebec would screw it up for the Rest of Canada as they ALWAYS WHINE FOR MORE😂
@@continentalmasters5432 If it is a merged super country there won't be any Americans or Canadians. It will be a combo citizenship. We will be able to keep the free health care in the provinces by the proper agreements and we will be able to keep guns out also. Too many people are waving Canadian flags and not thinking about the benefits. I paid $100,000 more in taxes over 30 years because here in Canada we can't deduct mortgage interest but Americans can deduct it.
From 🇨🇦 It will affect us on the moment.. But we are planning to react to this.. We will become more independent and strong after this.. 🇺🇸 (Politics) are looking for so much problems around the world right now.. Trump post a pic with FAFO, but looks to not understand it himself, cause he's risking to Find Out.. PS: 🇨🇦 love 🇺🇸 (Citizens) ✌
You can talk about whatever you want the tariffs will not kill Canada…long before you even lived in Canada we didn’t have free trade and we were better off! So understand the resources are where it’s at and the US has none…So they will pay and go into a depression and we will just have a recession and Trump will die and all this will end…there i fixed it all for you!
Like you said . this seems not to be about economics , this seems to be leaning towards some national security risk within Canada. Presidents Trump's move towards Greenland and the Panama Canal , and even the deportations have been about national security.
Very concise . You laid that out in a very factual way. If this moves ahead in this most dreaded manner. We will struggle but we will survive. As you pointed out we are resource rich. We would likely have to start selling resources to Europe to cover the cost of large unemployment numbers. Trump is going to ruin the American economy. We need to diversify our exports. This might be a really good thing in the long run. 🌍🌎🌏
Canada economy will get ruined. The reality is most of the world does not care for canada and want to do business with canada. Usa econony is going to boom under trump. Just in 1 week of office trump has secured 1.4 trillion dollar of investment coming to America. So most of the world will do business with usa over canada anyday
It is wake up call for Canadian government to build own infrastructure and provide jobs to Canadian people. Economically, it will be hard for Canadians for next a few years, but refineries , gas plants and lumber industries etc will be created, it will be good for future generations. Thank you so much for explaining tariff issue.
@@bawaparmar19 & pay their nato dues.
All caused by liberal government who allowed criminals to come to Canada 🇨🇦 from India 🇮🇳 who does drugs trafficking and cross Canada - USA border illegally. I do understand not all Indians are criminals but they didn’t do a good job in identifying criminals or follow strict immigration procedures.
Canada has 40 million people around 70+ thousand are enlisted in the armed forces. Many countries have mandatory service for men and some include women, it is practiced in many democratic countries. Maybe it's time Canada began taking its security more serious what with being between a bear and an a$$hole.
More than that, it's a wakeup call to divest from America. America is a sinking ship; it's time to bail out and deal directly with Mexico, China, etc. We should now be treating the Trump administration and its threats on the Canadian economy as a national security threat.
@incog. I agree
Canada wouldn’t be in this dire economic situation if it didn’t have destructive interprovincial trade barriers, that act like a 21% tariff on internal trade [IMF figure]. They impede the flow of goods and services between provinces, raise prices and reduce productivity and overall economic growth. Moreover, experts estimate that eliminating these barriers could boost Canada's GDP by up to $200 billion annually, and MORE than offset the damage expected from Trump's threatened tariffs. The Business Council of Alberta stated “One of the profound ironies of Canada’s focus on foreign trade is that, in many cases, it is actually easier for Canadian companies to do business across international borders than it is within our own country.”
These self-imposed tariffs MUST be eliminated!! How can we complain about Trump’s tariff threats when we tariff ourselves??! Email or otherwise contact your Premier and/or MPP and DEMAND these barriers be eliminated.
How can you be mad at Trump for charging just 4% more than your "countrymen"
I believe the premiers and fed are doing exactly that right now.
Correct. We are working on these barriers now!
Only on some items like alcohol. Mostly the country is free trade but some provincial barriers have to be taken down immediately.
@ I'm not mad at Trump. He is just adding another tax to the middle class. But giving tax breaks to the high earners like himself.
Canada needs to stop the provincial barriers, and change our trade with the world
That would be BIG for you guys
Would you like to be under the thumb of that other economic giant China? They do make a lot of handy stuff. Maybe they will take our "Bread".
Too late now, the stupid Canadian government put all their eggs in one basket and pissing off all the big customers like India, China, Saudi....for the US! For so many years, Canada doesn't even have it's own oil refinery.
I didn’t even know that about canada. Our government needs to change the system
@@KLG777 think cargo ships are pretty pricey, and its already slacking on NATO.
One thing you missed about the oil Nav is that the USA refineries are set up to refine heavy crude only. The sweet crude that the US is pumping is sold on the free market at market prices. Canadian oil is bought by the USA at a 20% lower cost than the oil they sell.
Since the refineries are only able to accept heavy crude to make gasoline, diesel jet fuels etc.. the USA would have to find another source for this heavy crude oil. They have their choice of Venezuela, Iran, or Saudi Arabia. The pipelines are already in place to supply Canadian crude to the refineries but the other oils would have to be shipped adding to cost, and the other countries are in OPEC and wont sell for the same price as Canada.
The US is stuck with our oil because refurbishing the refineries would take several years (Trump will be out of the Whitehouse then) and hundreds of billions of dollars. Why would you want to lose this partnership.
1. The US pays less than market value for the oil.
2. The infrastructure is already in place.
3. The refineries need to have heavy crude as their base oil to process.
4. Charging a tariff of 25% will make the price of gasoline, diesel and jet fuel much more expensive to the American public. This would be a promise broken by the President.
5. The American people can import oil from the OPEC countries at a higher cost resulting in a much higher price for fuels, they can buy it from Canada with a tariff resulting in a much higher cost of fuel, or they can just let things work as they have for the past 50 yrs.
Seems like a No Brainer for me Nav.
The US has its own oil it can sent to the refineries now that Trump has reopened the Federal waters to pumping again. The American oil isn't as difficult to refine. Changing from Heavy Crude to a lighter crude is more about process then equipment. It is just quicker and cheaper. Bottom line, the US does NOT need Canada's oil. The worse that will happen is a 3 or 4 day spike in gas prices in the mid-west US, during the conversion. Trump may have planned for even this. The US has a large oil reserve. You need to find another customer for you crude; keep in mind you may have to refine it yourself before you sell it. Most of your pipelines go to and thru the USA, and the US controls two of the locks on the St Lawrence River. No sure how you will move it if Trump is an ass about it. Where the hell was your government and business leadership to allow this to happen? Dude, this is like the first day of business school stuff. You can't blame America when your government is AWOL. Good Luck! Bon Chance!
But again Saudi Arabia might sell its oil to the US at preferential rates...After all, Saudi Arabia is again providing the US with hundreds of billions of dollars and probably a trillion which Trump is asking for
Iran and Saudi produce sweet oil as majority. Plus, there are sanctions on Iran. So, how are these countries an alternative to Canadian oil? Gosh! Stop attending chat GPT university
Do u pay off your house yet?
"Charging a tariff of 25% will make the price of gasoline, diesel and jet fuel much more expensive to the American public" What will it mean to gas prices in Canada? We don't have the refineries. We need to buy gasoline from the States.
NO, it will NOT destroy Canada!!! We don’t need negative nellies at this time!!! It’s time for Canada to stand strong!!!
Canadians are more divided than ever before. Something like this is going to divide canada further
@Leceister4231 nope. Canada are as united to retaliate against Trump's tarrifs....
it does not matter how strong you stand up, Canada will lose the trade war with America, but it will not be easy for America either they will lose time to market on many vital to industry products production. The key is Trump do not have this time on his hands and he knows it well. SO HE IS BULLY CANADA -
I suspect he wants to buy something from Canada very cheaply, something like uranium mines what America really needs for Trump plans to work, he needs lots of energy sources, not the nonsense with renewables but real energy source like nuclear power plants . SO ALL OF THESE IS A GAME
@@Leceister4231 I agree with you.
ArmantoAlex13. Exactly.
Canada seems to be very reactive in its approach and needs to adopt a more proactive mindset. Its current attitude resembles that of a passive bystander. Reopening trade talks with China and India could open new avenues for growth, and exploring markets in the EU and Asia could bring significant opportunities. With careful strategy, Canada could even strengthen ties in the Middle East. However, it appears overly reliant on the comfort zone shaped by previous leaders and its close alignment with the US, which hinders meaningful policy shifts.
100% agree.
What do you expect from a DRAMA teacher? Nobody in Trudeau’s government has any job experience related to the portfolios they represent.
Trump needs to wake up and live in the real world not a fantasy he has created to suit him. Get real who wants to become the 51st state. I am CANADIAN and proud of it. Our leader is not a convicted felon. Trump should be really proud of this. Give your head a shake. There is only one GOD and his name doesn't start with T....
We have been kissing The U.S.A."s rear end for way too long. Our governments have been and continue to be shortsighted with a one way brain set heading south. It is through their ineptitude and poor business accumen that we find ourselves with one major customer for our products. A business person with the minimum of common businee sense diversifies his customer base. A one customer business is completely at the mercy of that customer and it is eventualy the customer who owns the company, not in name but in reality. The time is ripe and the door has been opened by the likes of Trumpf to move on. The U.S.A. is a land of vipers who have but two goals POWER and MONEY. The writing on their money ' in God we Trust ' should read ' In God We Trust and *uck everyone else.
Vancouver port takes ages to release a shipment. Things like that need to be accelerated. Getting products from India and China should be accelerated. That would solve our short term problems and would set a foundation for long term success.
Disagree. Canada can tariff US ships 25% or block them from using the Welland Canal. US ships do billions of dollars in business sailing to and from the heart of the US, through the Welland Canal, the St. Lawrence; and from the rest of the world. US built the Panama Canal and Canada built the Welland Canal. Check Mate.
Alberta, stop selling Canadian oil to the US at a $15 discount per barrel!!!! What oil producing country does this? WTF?!? Charge them full price, plus a 25% tariff on top of that.
Canadian companies must try to find more business opportunities with other countries.
I agree. Canada is going to get devistated😂😂😂😂
you are forgetting what happened with the Avro . it is best to play ball and negotiate some wins , retaliation will end badly for Canada.
@@Leceister4231 Canada mostly sells cheap raw resources, energy and agriculture to USA. Tariffs make USA food prices go up for families, USA manufacturers will pay more for energy and materials. USA manufacturers hire American workers to do good value added jobs, So taxing imports for manufacturers, cause the final product price to increase. That makes them more expensive for American consumers and exports. Buying lots of cheap Canadian materials, paying good wages to American workers to add value, manufacturer vehicles, machinery, farm equipment, etc and keeping those products competitive for WORLD export profit is a win win. TAXING the raw materials and increasing energy costs make USA manufacturers less competitive and forces them to move their plants and jobs over sea. To where labour is cheaper and they can buy their raw materials TARIFF FREE. think about it, Canada and the USA have been friends and a great team for years. Don't let a bankrupt con man con you. It doesn't add up!
What, America, doesn't have farms or raw resources?? News to me.
@robertstevens1554 do u have uranium for your nuclear power reactors? Also, the USA imports $200B in crude oil from Canada to supply the shortfall of the type of oil. USA refineries need to produce gasoline, image what 25% will do to your fuel pump prices. If trump breaks the trade deal he negotiated last time he was in power. Canada will be able to fill our new pipeline to the pacific ocean and sell that oil to ASIA, for a better price. What will happen if your refineries suddenly lose 20% of the oil they need. The drill baby drill oil in the states don't match the type of oil your refineries need, and no one wants to spend the $billions and years of downtime to refit them. trump is now threatening the EU to buy more American oil because your oil is no good to you! Imagine if a store you shop at suddenly starts threatening you, would you keep dealing with them or find a new friend to deal with? USA buys 40$B of agricultural products from Canada. You must need them for something @ your food stores and trump wants to add 25% cost to them for himself. Sorry you Elected a con man that has a record of bankrupting Casinos.
Ppl talk about the run. What about the long run. If we take the hit for now and build up our economy to not need the export to the US. And in turn the price is dropped for our fellow Canadians so they can re invest and buy from the Canadian market. Canadians are already paying higher prices compared to Americans in all consumer products. The lower prices will drive Canadians to buy more. Which may keep production higher after things settle…I want the long run details….. short run is always shortsighted.
We gotta play the long game
That's pretty idealistic at this point.
We can thank Trudeau for our current situation. We have no infrastructure, no pipelines, and limited shipping ability. Could Canada survive 3-5 years of limited US trade and actually afford to build infrastructure in the interim? What will be the added cost of shipping anything of value overseas? We sell mainly bulk resources with limited "finished goods"....where would the market be that would pay a premium for Canadian resources when they can source them closer from Russia or China? (remember the war in Ukraine is of limited duration now, and Russia will be hungry to recover market share, and China will be reluctant to give up any.)
I'll bet we have less than a year before our dollar is at 35 cents and our unemployment rate hits 18%. We are 100% screwed if you ask me. Not sure if we have many options.
@ at least 8 yrs
@@shortiee1979 i know it's optimistic but I will not give up on my home. It's not over, not yet. 🇨🇦
@@rmartin5285well do what the USA does, print more money to boost economy. The USA in in debt 36 trillion dollars, they print more money and go deeper in debt to keep their economy going, works for them, should work for canada. I mean USA says they are the richest country in the world, but they are in debt 36 trillion dollars. And trump keeps saying they are rich too, but he still wants more money for the treasury.
Tariffs are already here, nothing mentioned in this video was considered by the US. 👌
By far this is the best video I have seen on tariffs. Excellent explanation, Nav!
Thanks, appreciate the feedback 🙌
It won’t destroy Canada… It will affect Canada negatively for some time while we start trading with other countries etc… and eliminate interprovincial trading barriers… to get that interval 4% GDP back into our own country just by trading within provinces. We will manage just fine. 🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦
It is going to destroy canada as canada has no trading partners a part from usa. To build trading partners takes years
It will hurt the US also
It will hurt the US
I have faith in us up here 🇨🇦🇨🇦 it will hurt but really we have options with other countries as well as our own provinces
@@zukewashere1539
My 2 cents is that it will impact the US more in the long run...
Explained everything in simple terms, easy to digest.
"We're still here ... We are not going anywhere." - Native Americans 😔
you don't want to even think aboiut what happens to Canada's natives if the US takes over. All treaties and agreements, payments, and respect goes out the window.
@@rwjazz1299we can make treaties wth china and Russia tho
@@RobinJay52precisely. I don’t get why this isn’t being talked about.
Not Russia, maybe…but certainly China.
All caused by liberal government who allowed criminals to come to Canada 🇨🇦 from India 🇮🇳 who does drugs trafficking and cross Canada - USA border illegally. I do understand not all Indians are criminals but they didn’t do a good job in identifying criminals or follow strict immigration procedures.
History (His-story) is written by the Conqueror.
Man's greatest enemy is himself. Greed is an animal. Greed is a major driving force behind Colonization, Genocide, Slavery, Colonialism, Imperialism, War which are all evil things done and benefited by evildoers.
Greed is behind everything that is bad.. Those with no remorse or empathy for others who are greedy are the most cunning. They leave trails of debris, through Genocide, Slavery, Colonialism, Colonization, Imperialism & War., no matter where they go.. Whenever they left, they left it in strategic violence and tension. It's such an evil world we live in.
In the case of Native Americans; centuries long systematic effort to keep them weak with a relatively small, marginalized & disenfranchised population, so that they would never be able to reclaim their vast bountiful motherland, ever again.
In other words, all it takes is to create an artificial environment where Native people of the Colonized land remain poor, weak, powerless and their population at the bare minimum.. The sad truth is the fact that the plight of indigenous Native Americans are the most marginalized and forgotten case in history.
The fact that they need to repent and repay their sins and crimes.. After all, it's "a man's gotta do what a man's gotta do" thing.. Repay and repent for your long overdue crimes and sins. A man's gotta do what a man's gotta do. 🙁
US refineries can switch, but foreign entities are: 1) given refiners huge discounts to not change 2) Purchasing the refineries at massive premiums to prevent them from changing.
This video and it's style was in my opinion one of the best of your videos.
Keep it up🎉!
Thanks, glad you liked it 👍
The thing we export is more essential. You will soon see your wrong. USA will also have trouble with many country at the same time. RIP USA
Rip canada
@@Leceister4231RIP CANADA
The USA economy is 18 trillion US dollars the largest in the world in 2024, you really want to go to war with these guys, and think you can win. ? and don't forget " . Their Military has their scope all over Canada any over reach by Canada and we are toast .
RIP USA and Canada. Please boys put your egos away. This is going to hurt us both. 😢
@@Jewelybee7 we didn't start the war. Trump did
Canada’s reliance on real estate and immigration is unsustainable, and global trade challenges like Trump-era tariffs on exports expose the economy’s vulnerabilities. Overdependence on real estate inflates debt, while underemployment among immigrants limits their impact.
To ensure resilience, Canada must prioritize innovation, advanced manufacturing, green energy, and technology. Investing in productivity and reducing reliance on volatile sectors is key to building a competitive, sustainable economy.
All caused by liberal government who allowed criminals to come to Canada 🇨🇦 from India 🇮🇳 who does drugs trafficking and cross Canada - USA border illegally. I do understand not all Indians are criminals but they didn’t do a good job in identifying criminals or follow strict immigration procedures.
Canada 🇨🇦, Mexico and Europe should join BRIC for reliable trading partners 🇨🇦
Good idea . Write a letter future prime minister PP .
Reliability, integrity are very important among the trade partners. Trump tears off treaty today and can tear off it fir next one or any future .
Russia and India will never let Canada join them. Especially after all the non sense Trudeau has pulled.
9 countries (including Cuba) and maybe Jamaica have joined BRICS just in 2025...
Means Canada should use brics currency for exchange..and work under Russia China ...omg..last pin the coffin
Very well researched video on this topic compared to other channels . Great work 👏
So what are good investment opportunities to take advantage of all of this
High Tariffs on china would lead to high demand for garments from countries like India, Bangladesh and Vietnam. So you can do something with importing stuff in usa from bangladesh, india and vietnam.
I have been watching so many videos on tariff. But this is the best 👍🏼
Buddy, since our dollars worth 40%, less than their dollar and their dollars worth way, more than ours. Figure it out a 25%. Tariff, they're still saving 15% over what their dollar buys over what our dollar buys. So it's not gonna hurt America. And it's not gonna hurt us, they're still gonna buy our stuff
Hows a broke country have a chance i refuse to back down to a mad man after my dad fought to get rid of a mad man and many families lost family members to get rid of a mad man as a Canadian i will not back down to this mad man
From an economics perspective, bread and crude oil have a low price elasticity of demand (i.e., the quantity demanded is less sensitive to price changes) so the proposed tariffs are likely to hurt the US more because they can be passed down to consumers who end up paying a higher cost --> inflation (esp because of oil price impact on downstream sectors). I think energy will be exempted from tariffs. They will be applied selectively on goods and Canada will have to respond accordingly. I agree that Trump is probably posturing to gain leverage in trade talks.
PS: I feel the AI-generated images in the presentation are too many and too dramatic.
This man is offering such amazing research and insights. Great job Navjot!
This analysis is coming from finance guys who are basically not creating anything and don't understand how difficult to create new industries just because tariffs are created, Freemarket is much more important to USA as thats how they created hegemony on Dollar, policies and trade. Anyways I think just as housing, over investing on US stocks is playing with fire.
You talk like the US doesn't need our stuff why do you think they buy it. Too be nice?
US needs canada oil. Your economy would crash without it. Trump is talking out of his ass. Just google how much oil US produces and how much they consume. Very easy to understand
Yep. The US have several states with a larger economy than Canada.
Exactly! There's a reason Trump continues to push his agenda, in order to exploit everything Canada has to fatten America's pockets.
@@Daniel-ii6kf yes 2 TEXAS AND California with New York about the same
@@davidbarlow372 And Florida's GDP is slightly less than Canada's. It's quite embarrassing for Canada to have states that rival and even surpass its GDP.
Nice. Well researched and gives a balanced perspective. Many people are unaware of these facts. Both countries need each other. Period!
Might be something to do with the northwest arctic passage as he stated he doesn’t want to purchase ice breakers with Canada
Great analysis of Canada's natural resources and products ... from a Canadian perspective.
I think it will too and have been saying so for a while now. I also don't think it's a bad thing. We have 2 options. More WEF or more US. I'll take and bet on the US every time. I'd also take lower taxes, better health care, more opportunity and the biggest military on earth happily.
Really. Better health care. Wow get educated.
Thanks Nav for your insight. Canadians are spending on credit cards and there will be a lot of bankruptcies as well
There is not a trade war. Canada needs to do what they are suppose to do and take action. Border security focusing on people, drugs, and gun trafficking. Pay the 2% to UN.
This is what happens, when you depend on one country so much ! Also, letting in too many non tax payers into country. There is not enough schools, hospitals, homes and jobs now. We are in bad place now !
The last time an American president tried to turn Canada into one of America’s states, we burned down the White House. But not before our soldiers ate a nice hot meal prepared by his wife, Dolly Madison before they fled the Capitol. Lovely lady. Good ice cream brand, too!
It was not a burn down, but yes a 3 part force did put torch to the "white house"
-British forces , Canadian militia , Native confederation headed by Tecumseh,
the best scouting and skirmish troops of the time. The local Washington militia ran, most Americans of the day were scared of scalping an such. The "manifest destiny" was an invasion the native peoples were firmly against, and their war in 1812 was that expression firmly. No one here wants a US gov. even if it means were all dirt poor.
Good work brother,
Tell the people
Fantastic video Nav. Very informative as always. I know you already touched on it before. But as this trade war has already been triggered, sometime could you please also make a video on what jobs in your opinion would still remain in demand in Canada including the jobs for career change (possible with 3-6 months of certifications) ?
Thanks for this great overview of this issue!
The United States has a trade deficit of $53.5 billion with Canada, with total bilateral trade amounting to approximately $908.9 billion. That deficit is almost entirely oil that is sold below market value which the US refines into higher value and resells. This is an exchange of goods and services that is mutually beneficial, supporting industries and jobs in both countries, and is modest compared to the U.S. trade deficits with other nations, such as the $367.4 billion deficit with China. This trade relationship is not a subsidy, as Trump says, but a reciprocal exchange of goods and services that enhances the economic prosperity of both nations.
I think Trump is talking about the billions it cost the USA to protect Canada, and he thinks we should pay for that. He has a fair argument,
if you claim to be a sovereign country , then be it , and protect yourself . Otherwise you are owned, this is his pragmatic business analysis.
Canada must provide concessions that will balance the economic imbalance. It would simply be best to pay up and agree on the least painful terms.
This was a very informative video and very well put together. Thanks for sharing.
I don’t see how the US could afford to put these tariffs on Canada either. But I believe Trump’s ask is real. Canada needs to fix their immigration issues - stopping asylum seekers from coming in; going back to a merit based immigration system; reducing the number of immigrants to match recourses and infrastructure available; and they need to fix their boarder issues - stopping the flow of fentanyl into both our country and into the US.
I believe we’re in this situation due to the liberals and Trudeau’s failed policies. The sooner we can get Pierre into office, the better!
Would love to know what everybody else thinks though?
Interestingly your conclusion, without saying it, appears to be that the USA will collect more revenue from its citizens in higher prices of Canadian goods because proximity and reliability already results in a cost advantage.
It is truly disheartening to see Canada face such a setback from the United States, a nation we have long regarded as an elder brother. This serves as a valuable lesson: relying too heavily on any single entity, much like staying too long under parental support, can ultimately hinder one’s ability to build self-reliance and explore broader opportunities.
This is a wake-up call for all Canadians to unite and actively seek partnerships with countries that are open to doing business with Canada, irrespective of religion, ethnicity, or sociocultural and political differences. Together, we can diversify our relationships and create a stronger, more resilient future.
Great content Nav - loved the analysis. I think he’s behind the goose that’s laying the golden egg ie Canada becoming 51st state. I think you should consider making a video on pros and cons of the annexation
USA has largest reserves of Gold and most advanced Defence assets.
It’s unfortunate that the everyday Canadians will feel the negative impacts of Trump Tariffs. But remember, Trump isn’t the bad guy. This is a result of poor management and our woke mind Canadian leadership.
huh? trump is the bad guy. he could just not do it you know? its not like the poor management in canada lead to the us president enacting tarrifs good lord get real.
you can say we'd be better off if blank but it doesnt change what trump is doing, the time old USA classic, bullying other countries.
My suggestion to Canadians is to elect a Prime Minister who can offer to collaborate with Trump. By getting rid of the Canadian currency and adopting the U.S. dollar in exchange for free trade, Canadians will gradually realize they are becoming American. Slowly, we could transition away from socialist healthcare and adopt private health services.
Let's not talk about healthcare now because Canadians know how to exploit the system. Many of us own homes in Florida, and when we get sick, we return to Canada for operations; we are living in an illusion. In Asia, countries like Russia, India, China, and Iran are forming a united BRIC currency to devalue the U.S. dollar.
We must stop this foolishness in Canada. Mass immigration has led to our current challenges; look at where we are today-a nation struggling to find jobs while taxes remain excessive. Many states in the U.S. have no income tax, and mortgage terms are far more favorable there, unlike the frequent five-year renewals here. Canadian banks often charge high-interest rates, and house prices in Canada are outrageous.
Even though we have our own timber, we still prefer to export it to Americans. Canadians often don’t support each other; instead, we seek American consumer capitalism and money. Ultimately, we are a failed nation.
Canada is like a kid who is very intelligent and skilled but is lazy, doesn’t like to work. Canada has laid back or passive approach. Canada needs a push a like this to be more independent.
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Great work!!
Well spoken, we are living in very interesting times.
All economists within Canada have said they will be in recession within six months of tariffs. Mske a deal, don't try to fight the superior power
canada is cooked
I see Canada needs to do whats best for Canada, perhaps Trump is simply doing whats best for America .
Nothing personal,
simply business.
Yes. This was a good thing happening. It gave a kick in Canada's rear end to stop the easy dependence on US markets and look outside. Canada can find new partners and move away. We have commodities many countries in the world needs.
The consequence of thinking a housing bubble economy will never end. 😂
In British Columbia, we have to import 25% of our electricity. Electricity is an Essential Service and cannot be cut off. Hospitals for one, are a reason. Electricity trades at Market Prices. In my opinion, Electricity will be left alone. Non negotiable.
Good point. 👍
Superb analysis..Salute to you:)
Thanks 🙌
Simple solution is for Canada to join the Brick's block which is already growing in momentum...😢
yes,,we need to start trading with other countries...asap.
How do we do that before unemployment hits 20% and the dollar crashes below 50 cents??? That's likely next fall.
We have NO infrastructure in place to trade large scale overseas.
We already do, USA is only one country we trade with, but what we should do, is increase our trade with the other countries and negotiate with countries we don’t currently trade with. Also if Trump put tariffs on us, we should stop buying USA made products, stop going on vacation to the USA, many much more beautiful places in the world were our Dollar is more valuable then that countries currency. Plus they like Canadians.
It’s all about the protection payment!!
Canadians are stronger than you think. Nobody said this will be easy. In 4 years we will have a self sufficient economy. Canada stay STRONG.
Trump already signed an Executive Order that for a vehicle to be sold in the USA that 100 percent of the parts must be manufactured in our Country. In addition, 100 of the build must happen here. Canada is in big trouble. No military support, 25% tariff's and the auto industry is already screwed. Canadian's have no idea how big trouble they are in. There is a housing over supply in America. We are about to see a massive housing crash. In Florida, we have a ten month supply of housing on the market. Canada is gonna feel that pain regardless of Trump. The Cartels in Canada running drub labs. Canadians for just looking for hope. We have backup plans for all of these things that appear to be a problem. They are not.
I am Canadian for 18 years now. American president making problems….?Tariffs ….? No problem. We may export to Europe, China, Japan, Korea, Taiwan, Malaysia, Australia, New Zealand, etc. We need only to make new deals. And problem solved.
Good video, however you forgot Canada has the most Fresh Water of any place in the World. Water may replace Oil and precious metals in the future as a needed commodity.
But usa also has a lot of fresh water. Also most of great lakes run through usa
@@Leceister4231 Tell that to LA.
I wasn't really relating water to the US as the host was talking resources. Places in the ME would but a tanker of water each day.
Desalination plants converting ocean water to fresh, aren't that expensive to make or run.
In my opinion, Any fresh water that flows to the US is owned by the US at the source. So they own the water right up to the Glacier. I was always curious if we could shut off the water to the US, but that is a hell No. Never will be allowed or tolerated by the US.
Putting Tariffs cause more damage on USA initially until they find cheap alternatives but that takes 2-3 years atleast to come minimum
💯
Delusional. If I were dependent on the US for cheap raw materials and its customers, I'd rather move shop. And that is scary.
The US government pays farmers not to grow crops. Remove this subsidy, manufacture in the US, and decrease income taxes by the amount of tariffs.
@@hailrider8188 America point is to balance the uneven trade.
Seems like Canada feels
entitled to continue the uneven fair negotiations.
@incog.well if the USA would pay Canada back for the $330 billion dollar loan, that the USA got from Canada years ago, would be nice, that is collecting interest every year. If the USA is subsidizing Canada, how could we have giving the United States a loan of $330 billion dollars when the USA needed it, pay your loan with interest. stop saying Canada owes you, when USA owes Canada.
@ Canada holds 250 billion in bonds. Cash out, take the penalty.
The US only has $7.4 trillion in U.S. debt. Japan owns the most at $1.1 trillion, followed by China, with $859 billion, and the United Kingdom at $668 billion. So if we even trade deals and cut back the additional funding over paid to NATO and the trillion saved from pulling out of the paris accord… im pretty sure youll find any debt being wiped out within the next few years
Then take these amounts divided it by 4 . take 1/4 of that amount since foreign aid is on hold for the first quarter of 2025 while under review..
and realize the US is solid financially.
Countries That Received the Most Foreign Aid From the U.S. in 2023:
Ukraine ($17.2B)
Israel ($3.3B)
Jordan ($1.7B)
Egypt ($1.5B)
Ethiopia ($1.5B)
Somalia ($1.2B)
Nigeria ($1B)
Congo (Kinshasa) ($990M)
Afghanistan ($886.5M)
Kenya ($846M)
Countries That Received the Least Foreign Aid From the U.S. in 2023:
Curacao ($3K)
Portugal ($6.5K)
Kuwait ($73K)
Dominica ($86K)
Italy ($90K)
Norway ($93K)
Russia ($108K)
Spain ($133K)
Netherlands ($144K)
Singapore ($304K)
So many seem to omit the population differences. USA has more than 4 times the population of Canada. The greater population absorbes a greater amount of goods va,nations. Why is this not considered in comparisons of exports/imports?
Because there are people here that seem to be working with Trump to try to brainwash the Canadians into think we can’t live without the Americans. When in reality it is the other way around they need our products, minerals, oil, lumber and water. That all they want, they don’t care about us, our medical system has a few fawls but we don’t have to go into permanent debt for a hospital visit,a friend of mine took his family to the states on holiday his son fell a cut his leg, they brought him to the hospital, the doctor looked at him, cleaned the wound stitched it and put a bandage on it plus gave a prescription for antibiotics as a precautionary measure, all said and done $2500.00 bill, and they still had to go get prescription filled. He told me never again, they next vacation will be somewhere in Canada we’re the hospital visit would cost zero dollars and the prescription would be cheaper as well.
I guess people don't remember when canada didn't have a free trade agreement
At least Canadians will come together and help each others as provinces
GREAT VID. THANK-YOU ❤
Take out cheap Canadian energy and Canada is at a huge trade deficit to what we import from the USA, so they are already winning. As Canada is largely a resource exporter to the USA, you may want to consider it as a wholesaler. So if you put a 25% tariff/surcharge payable by the purchaser to the american IRA, the American restaurant, consumer, manufacturer/employer, etc costs go up so product they sell goes up and they get less competitive on the world markets. In other words if they continue trade deficits with Canada of cheap energy and raw materials, it still benefits the USA consumer and manufacturers/workers compete with value added exports to the rest of the world.
Agree
Hes just holding a grudge against Canada because he knows that Canada and most of Canadians don’t like him. Hopefully he thinks like a man not like a 8 years old bully. Love for Canada
I don’t know if tariff wars with multiple countries simultaneously is a good idea. The consumer will pay more in the end since the business will pass on the tax. Everything will be more expensive.
100% agree
If you can manage it, boycott USA products, here is Canada we don’t just have American products, we have products from other countries to, same stuff Americans sell to us, but cheaper, don’t by American, buy other countries products, see how quick Trump say ok ok ok, I didn’t want to put tariffs on, I was only joking, then remove them, actually all countries should boycott USA product find alternative sources, and make the USA dollar worthless again, like in the 1930’s
I am afraid that I agree with your analysis.
I'd rather be financially than to become American!
People who say Trump is “bluffing” or “posturing” are the same who said he will never be the President. Trump is not a gambler he is a risk taker. There is a difference, he does what he says.
ps. Great analysis and thanks for sharing the insights. ❤
@@adityaraikar trump last time caved.
Yeah he does what he says,lmfao, the price of food not gone down in the United States, was suppose to be down day one, day one they were suppose to give taxes breaks to middle class and poor, didn’t happen. In fact most everything he promised middle class and poor that he would do for them didn’t happen,he said day one when he was in office he would end Ukraine and Russian war, war still going on, he said he was going to be a peace maker, now he is a war monger,threatening war with allies. Why do people think that a business man who has run almost every business he owned into the ground and bankrupted them, he doesn’t know anything about how to be a politician and make a country prosperous again.
where is the "peace" between Ukraine and Russia that he was supposed to fix in 24 hours?
It's a good point that, if Trump is here for only four years, he may not want to press hard on Canada if he has other competing priorities that would be impeded if it disrupts supply chains too aggressively.
Eg he imposes tariffs now, they have a knock on effect. As we saw from COVID and from GFC, disruptions correct up and then down and tend to last for years. A year and a bit from now mid terms will be in view.
The other thing to keep in mind is that he is heavily involved in policy, and if he has only just started, he will necessarily face divided attention. He will have to pick his focus, or will lose coherence.
I think everyone is hoping as he adds more and more policy changes with the inevitable frictions that change brings, he has to drop some agenda items. Canada and Mexico should hope he becomes convinced there isn't really much in a trade war when he has other more urgent problems with better payback
Brilliant advice
Canada needs to expedite the construction of the Northwest exit in order to have an alternative export roots to Europe and Asia, then the Americans would be forced to appreciate Canada's proximity to US export goods .
Really good video, appreciate all the research you did
What Canadian would want 25% lower income tax?
How about a 90 cent liter of gas? Cheap milk and cheese, a stable dollar that doesn't fluctuate like a Yo-Yo, cheaper housing and rent, 600% increase in employment opportunities, the ability to move to a warmer climate, no more tariff uncertainty, Continental security, on and on.....
What Canadian in their right mind would want any of that?
550,000 Americans go bankrupt each year due to medical bills. The medical system in the USA is cruel. I want no part of it. I don't want to lose my house, investments etc. due to medical bankruptcy. Trump can stuff his America-Canada merge idea right where the sun don't shine!
This Canadian doesn't want to go bankrupt due to medical bills. The American medical system is cruel. Trump can shove his USA-Canada merge idea right where the sun don't shine!
This Canadian doesn't want to go bankrupt due to medical bills. The American medical system is cruel. Trump can shove his USA-Canada merge idea right where the sun don't shine!
I don't want to lose everything due to medical bankruptcy. 550,000 Americans go bankrupt each year due to medical bills. Trump can stick his USA-Canada merge idea where the sun don't shine!
Your absolutely 💯 % correct. We are better off being part of the US.
Canada blew it when they got rid of there oil refineries and built a pipeline to Texas instead of more refineries and a coast to coast pipeline. He wants our water he said while saying we have nothing they need 😂
We still have oil refineries here in Canada, why do people think we don’t have refineries here we do, and we have more oil then those refineries can refine, so selling some of that oil to other countries makes since, where i live, the oil ships are constantly coming to put up oil from the refinery and ship it world wide, there is even a rumour that Germany maybe interest in purchasing oil from us, because of the shortage they are running into because of war between Russia and Ukraine.
It will not destroy Canada.
It won't
@@smileyaliens123 it will, with the useless liberal government we currently have.
@@smileyaliens123what about Canadians working for US companies??
@rohanutep81 how about it?
Good research, Informative video, thanks for sharing. 16 mins of video worth to watch.
Curious to know what will be the impact of this on the housing prices? what is coming PMs appoach towards Tarrifs ? How is his relations with Trump?
Thank you 🙌
I think the new PM would negotiate not retaliate. I hope that’s what they choose.
And if they successfully negotiate, there will be no impact on the housing market.
I guess we will know that very very soon.
These are options, New partners and "BRICKS"
800 billion in exports is big but the cartels bit Canada with 1.2Trillon which is crazy according to what I read.
Great video Nav bhai.
No one is talking about how fragile the US economy is. January 27th is just an example of how innovation can disrupt and shed trillion dollars worth of tech stock in a day with a single innovation from China. China just demonstrated how innovation is key and a tariffs just restrict and obliterate innovation. The west should be focused on innovating and not restricting trade. I anxiously await the other innovations China has in their back pocket that will disrupt the west's false sense of security that we are the world's innovation hub.
Canada and Mexico can stand strong or stand STUPID! What Trump wants is for
the entire North American Continent to have free trade, open borders and
equal property rights across the continent. Together, the three nations could
enjoy a common defense and live in peace and prosperity like no other people
on earth. The three nations are blessed with wonderful people, infrastructure,
logistical systems, technology, energy, water and agriculture like no other
continent on earth. Why can't the three biggest trading partners who are
neighbors get along and just do without the rest of the world's problems.
Soothing ⭐
Good time for Canada to start building our own refineries, instead of sending it to USA in this case.
great content. Thank you
There is only one solution : North Amerycan Union , Canada maintain culture but open border and US $$. Same as EU.
Diane Francis put this in her book
DEAL OF THE CENTURY, Sounds
Good to me but I don't believe the
Majority of Canadians are smart
enough to go for it and if they did
Quebec would screw it up for the
Rest of Canada as they ALWAYS
WHINE FOR MORE😂
Wish more people would talk about this!!
Yes...that is the best solution for both instead of wasting no more time.
Most Canadians companies will be out of business, they can’t compete on free market . The Americans will buy all of them
@@continentalmasters5432 If it is a merged super country there won't be any Americans or Canadians. It will be a combo citizenship. We will be able to keep the free health care in the provinces by the proper agreements and we will be able to keep guns out also. Too many people are waving Canadian flags and not thinking about the benefits. I paid $100,000 more in taxes over 30 years because here in Canada we can't deduct mortgage interest but Americans can deduct it.
From 🇨🇦 It will affect us on the moment.. But we are planning to react to this.. We will become more independent and strong after this.. 🇺🇸 (Politics) are looking for so much problems around the world right now.. Trump post a pic with FAFO, but looks to not understand it himself, cause he's risking to Find Out.. PS: 🇨🇦 love 🇺🇸 (Citizens) ✌
You can talk about whatever you want the tariffs will not kill Canada…long before you even lived in Canada we didn’t have free trade and we were better off! So understand the resources are where it’s at and the US has none…So they will pay and go into a depression and we will just have a recession and Trump will die and all this will end…there i fixed it all for you!
Right on Zues
Like you said . this seems not to be about economics , this seems to be leaning towards some national security risk within Canada. Presidents Trump's move towards
Greenland and the Panama Canal , and even the deportations have been about national security.
Very concise . You laid that out in a very factual way. If this moves ahead in this most dreaded manner.
We will struggle but we will survive. As you pointed out we are resource rich. We would likely have to start
selling resources to Europe to cover the cost of large unemployment numbers. Trump is going to ruin the
American economy. We need to diversify our exports. This might be a really good thing in the long run.
🌍🌎🌏
Canada economy will get ruined. The reality is most of the world does not care for canada and want to do business with canada. Usa econony is going to boom under trump. Just in 1 week of office trump has secured 1.4 trillion dollar of investment coming to America. So most of the world will do business with usa over canada anyday
President Trump has 4 years but don’t forget maybe JD Vance can continue this work for another 8, just saying
Banger Video NAV. Quiet Informative.
Thanks 🙏
Very nice explanation