🚨Updates🚨 Mexico agrees to deploy 10,000 troops to US border in exchange for tariff pause share.newsbreak.com/badm5urv Secretary Rubio’s Meeting with Panamanian President Mulino www.state.gov/secretary-rubios-meeting-with-panamanian-president-mulino/
I really appreciate how this channel sticks to the facts and refrains from making opinion statements on politics. It's definitely become one of my favorite sources for trade news. Keep up the awesome unbiased news!
Sam, many thanks as always. Your channel is one of the most important resources for those of us trying to understand the world and the complex mechanics of global logistics that brings food and goods to our tables every day.....
Sal, Canada/US border saw 41.2 lbs of Fentanyl siezed in the last year (19 Kg). Total Fentanyl siezed coming into the US last year was approx. 21,000 lbs. Canada therefore accounts for 0.2% of the total Fentanyl coming into the US. I'm not sure what the illegal immigration numbers are, but I believe they would be fairly similar. In fact, there is some data suggesting that illegal migration is actually more of a problem for Canada, as we have had numerous incidents where people have illegally crossed into Canada FROM the US, across unmanned border crossing points. So while Trump might tell his followers (and enemies) that this is about Fentanyl and Immigration, the truth is, this is about something else completely. What is it about? Who knows. My personal thought is that Trump actually does want to try to get Canada to join the US as the 51st state, and waging economic war against us is his way of trying to pressure us to join. I can't imagine how he thinks that would actually be an effective way to reach his goal (nor can I understand why on earth he would think it logical to assume Canada would join the US as a state in the first place; no offense, we love you Americans, but we love being Canadian, and we love the things that make Canada, Canadian. We aren't about to give those things up, I would suggest well over 90% of Canadians would say no to joining as a new state). So really who knows what this is about. Maybe just a power play to show he's "the big man"? Really I wish we could figure it out, because this is insane. There is no reason to start a trade war with your closest trading partners!
@@HK-wq1ei Yeah honestly that appears it might be the case. But on the other hand, I dunno, I think it might be a bit presumpuous and ignorant to just assume he's an idiot, and I think that opens everyone up to a lot of risk. If we all assume he's just a moron, then we don't pay attention to what he's doing. I guess it doesn't really matter if people outside of the US pay attention to what he's doing, other than the fact it allows us to call him out and hopefully have people IN the US see what we're posting, and hopefully helps them take notice. But Americans really shouldn't assume he's just an idiot. And democrats and non-trump-supporters really need to stop just acting silly and calling him hitler or saying he's a facist, and they need to stop acting like democracy has failed or like he didn't democratically win the election. hell, they just spent the last 4 years upset that he refused to accept that he lost the election to biden!! now they're whining that somehow he isn't rightfully the president?? I think the democrats and centrists really need to re-evaluate how they are acting, and how they present their policies, and how they have truly marginalized a lot of average people with their nonsense. regular people don't like being made to feel that they are somehow "less morally honorable" or somehow "beneath" democrats. Yet that is how democrats have treated people. And anyone who questions democrats has generally just been berated as "right wing trump supporters" instead of heard and talked to like normal people. Regular people don't like being treated like that. A lot of people voted for trump who probably aren't overly trump supporters, but they really hated what they have seen in the democratic party the last few decades, but especially the last 3 elections (remember when the democrats killed bernie sander's chances and crowned hillary democrat queen, against the wishes of many democrats? remember when democrats pretended biden was completely mentally present and capable, all while he literally was acting like an old man who was at the stage of his life where he should be in a full service care home, and all while he literally couldn't put together a proper sentence, didn't know what he was even saying? and the democratic party leaders just pretended like none of that was happening, and basically just ran the government in spite of the president basically being incapacitated? or remember when they crowned kamala harris their candidate without holding a vote? yeah... regular voters don't like that crap. that's FAR MORE facist behavior than trump being elected by over 50% of voters, along with GOP winning senate and house, and thus they are governing based on the fact they were voted into all 3 branches). yeah, it's getting tiring watching this crap. because the dems can't get their act together, and because they insist on being far less democratic than the GOP, they struggle to win elections that should be EASY WINS. 2016 and 2024 should have been EASY EASY wins, if they only would have put forward candidates who felt like regular people, and who voters could relate to, and who made voters feel heard. Instead, americans voted in trump. TWICE. And this time he won after spending 4 years being an idiot and claiming election fraud in spite of ZERO evidence to support this. And yet he still won! Ughh. And now the rest of the world has to deal with the fallout of trump being the president. this sucks.
@@Im-just-Stardust there was no intent to crap on Sal. Totally could see he must feel like crap today. He was just talking about how Trump was trying to stop fentanyl and immigrants from crossing from Canada, and I was just pointing out that this is clearly not the reason why trump is putting tariffs on Canadian stuff. Him being sick isn't going to make it so that he all of a sudden thinks that Canada contributes to either of these things more than they really do. Again, was not at all crapping on Sal. I just am hoping that maybe he sees my comment, looks into it a bit, and maybe changes the way he talks about this situation, because the way he's been talking about it the last few videos where it's come up, he really hasn't questioned the logic or rationality of trump's stated position, even though trump's stated position holds no water as soon as one looks at the data. And I know Sal prides himself on accuracy and on rationality. And I imagine if he realized that Canada accounted for 0.2% of Fentanyl seizures into the USA, he likely wouldn't talk about trump's stated desire to have Canada do better to stop fentanyl from going into the US as something based on fact or logic. Sal clearly is happy to call people out for holding positions that are not based in logic or fact, and i feel like if he realized that trump was wrong/lying about Canada being part of the fentanyl problem, he likely would at least not talk about the situation in a way that made it sound reasonable for trump to pressure canada to do more, when there really isn't much more we can do. When we account for 0.2%, there isn't a lot more that can be done. Clearly you can't expect everything to be stopped (not to mention... isn't it the job of US Border guards to stop the importation of illegal drugs? because I feel that is their job, not Canada's job... just sayin....)
@@j.d.1488 Dump hasn't looked at anything, he's an angry, senile old narcissist, and he's lashing out at everyone. Yesterday he started threatening the EU as well. Give him a month and he'll have a trade war going with every US trading partner.
Hey Sal, love your videos but in your section on the US/Canada tarrifs you failed to point out that the "border security" issues Trump brought up regarding Canada are completely unfounded. For example of the mentioned "21,000 lbs" of siezed fentanyl, only around 40lbs was siezed at the northern border. I think it's also worth mentioning that the tarrifs are being enacted under the International Emergency Economic Powers Act which requires there to be a national emergency in order for it to be applicable. Trump was dead set on the tarrifs long before any made up crsis at the northern border and he needed an excuse to impose them. This is also evident by the fact that he outright say that there was no action that could be taken by the Canadian government to prevent them.
I also read these numbers and was expecting a bit of detail on a Canada emergency. Sadly, it is vague at best. Migration from Canada has been no issue before and drug trafficing as well. But a lot of talk about land grab recently.
@@spyonmetooThat’s likely the eventual goal, at least that’s what I read into Trump’s comment about using economic rather than military force against Canada. The latter wouldn’t go over well with most Americans. He’s also raved wildly about all the water in Canada and what a wonderful thing it is.
He sure didn’t impose Tariff’s to help the American people . He and Elon own businesses in China , Mexico and Canada. This will let them raise prices and profit 😂. We are not stupid.
Yes, and that the Canadian crude that is being refined is being made into a higher value product which is then being exported. To me, it sounds like a win for American refiners and thus the US economy.
The reason Canada's crude is at a 30% discount is because it's a dirty crude, they send it to the US because they don't have the infrastructure to refine it themselves!
@@phil20_20What Canada gets in return is efficiency. They don’t have to build a pipeline and send it over the Rockies from Alberta to the coast to ship it overseas. They sell it to us instead and it’s a good deal for everyone. This is why North America has become the best trading market in the world and why tariffs are so stupid.
The Chinese also fund via long term loans, the cost of building the new infrastructure in the Developing World, thereby assuring that the governments have to do what China wants or face foreclosure.
A reminder that Canadian oil is sold at a price significantly less than World prices which benefits American consumers and the companies extracting the oil are also American.
Not for long. Canada will be taking the US companies out of our oilpatch soon enough. In fact, banning the US from ownership or controlling interest in any strategic industries would be a good idea. Oil, gas, uranium, rare metals, railroads, ports, steel , aluminum, and most of all news / media.
Why a re we claiming the blame for the importation of drugs falls on Canada and Mexico, when we operate our own boarder inspection stations and ports. What's keeping us from increasing our own inspection process?
Trump is doing that but in the case of Canada, he also wants them to man up and spend more on their military. Since WWII the US has protected Canada and he wants them to spend more. In the case of Mexico, they have allowed millions of illegals to cross their country and go into the US. Is that fair?
My sister who owns a small business told me that the new Tariffs on packages under 800$ is going to cost her a lot. Almost everything she imports are under the 800$ dollars that used to be exempt. I think many small business owners are going to suffer from this. She told me she has no choice but to raise prices.
And that's the thing. People seem to *think* that tariffs are just going to be paid by the country selling into the US, but in reality no business ever is going to just absorb a 25% increase in their business expenses and not pass it on to their consumers. That's a quick way to go bankrupt, and bankrupts don't stay in business.
@@tealkerberus748 Not to mention that most Americans don't actually have the first clue who pays the tariff to who. American importers pay the tariff to the American government.
The trade deficit is not the fault of foreign governments or people, it's because Americans are buying more stuff than they are selling. With Canada it's mostly just oil. The total amount of fent going from Canada to the US in 2024 was 4.4 kilos, out of the roughly 10,000 kilo total Sal mentioned.
@@davidgoodnow269 The 4.4 came from the same place the 10,000 did, it's an estimate from the DEA. How would they know the total amount coming in? They didn't, they guessed. Edit; I googled again and got different numbers for a different metric, 21,000 lbs seized at the Mexican border, 43 lbs seized at the Canadian border. This source didn't mention the time frame.
@@davidgoodnow269 Sorry, but that kind of disparity is almost certainly due to the very simple fact that there is far, far less of the drug coming from Canada than from Mexico. The ratio may be closer if the real quantities were known, but its still going to be wildly different. At the end of the day its also irrelevant. The drugs are an excuse, nothing more. It gives Trump the ability to levy those tariffs using existing Presidential powers without having to risk going to Congress. Its nothing more than a causus belli. And yes, I used that phrase purposefully. The kind of tariff's Trump has inflicted on Canada are an aggressive act. Its short of war, but its NOT the act of one ally to another.... And thats going to have a lot of other Allied nations seriously thinking right at the moment. Trump could do serious damage to the relationships between the US and many other nations, many of them long term allies, that could take decades to repair. And given how ambitious China is being... I do not think any of us really want, or can afford that..... Including the USA.
I must have missed something. You stated how much in the way of drugs came from Mexico, you never mentioned if any drugs were coming from Canada, or how much illegal immigration is coming from Canada? So does a state of emergency truly exist? More than likely not. Just an excuse to raise Tariffs which the to Americans is just another way to be taxed. I'm all for the Canadians hitting back as hard as they can. Your right I can not predict all that will happen in a trade war. I can say that 25% of all GM cars and trucks including their new EV line up are from Mexico and Ford had 4 plants there. For Toyota the Rave4, it's best selling SUV is built in Canada. So, basically if you are American your going to get screwed.
All the reports say there's more illegal drugs and undocumented immigration going into Canada than out of it over that border. And I reckon there'll be a lot more undocumented migration heading north as US citizens realise how badly they're losing their right to exist.
As a Michigander who has lived my entire life less than a mile away from the Canadian border and in a town with one of the bridge crossings into Canada I can say these tariffs are going to hurt. I can't blame my friends across the border for standing up for themselves and doing what needs to be done to protect themselves from a monster, but every idiot in my red district absolutely deserves the layoffs that are coming and will receive no sympathy from me.
I'm also real close the southern border to Canada (Detroit). I don't know what I'll do without all of the Waste incoming from Canada into Michigan. I feel sorry for all of my Canadian friends and relatives that will be drowning in trash since they won't be able to figure out what to do with all of the garbage.
Less than 0.2% of total US fentanyl imports come from Canada, despite being the largest legal trade partner for decades and sharing the world's longest border. Canada could spend trillions jumping through Trump's ever-changing hoops and the US would never notice the difference. And the US is ultimately responsible for controlling what comes into their own country. Also, the US imports 1,000 times as much fentanyl per capita as Canada does. Sounds like a demand problem to me. But a fascist will always blame "the others" for his own nation's problems. And the corrupt elite will cheer him on, along with the uneducated masses.
@@kathleenmccrory9883We don’t at the moment, but there are plans to increase it. Some of us think it would be best spent in the north in preparation for the time when we’re going to have to defend our territorial waters against other countries, including the U.S. I also watched an interview where it was suggested we spend the money on better housing and training for the military, which sounds like a good way to increase recruitment.
Demand is the problem. We need to stop the War on Drugs that targets the money for seizure, and return to the pre-Reagan policy of sending addicts to special jails for long-term treatment.
1% of Fythena comes across the Canadian US border. The host thinks that the contrivance, i.e. boarder crossing, is Trump reason, for the trade war. It doesn't with Canada.
@@kansasscout4322 and guess what? its not canadas job to police what enters the US but oh were gonna spend 900million.... cause trump. You guys are a joke. Police your own shit and stop making it every other countries fault
In the Canadian one: notable: every package coming in by mail/curier woudl need to be processed (whereas in past, only country of origin was checked and if Canada, package passed though due to NAFTA. This would place huge load on the postal system that hasn't had capacity to check such volumes sicne 1989. )I know this isn't about shipping, but still shows the level of application that had been called for). Note that the actual text in the Federal register applies the 10% to: Crude oil, natural gas, lease condensates, natural gas liquids, refined petroleum products, uranium, coal, biofuels, geothermal heat, the kinetic movement of flowing water, and critical minerals, as defined by 30 U.S.C. 1606(a)(3) Electricity is not included so exports from Canada would be dinged at 25%. (so CBP agents would have to stick tongues to the 735kv power lines to measure how much power was being imported by USA 🙂 (kietic movement of water is not electricity, and there is no way for customs agent to know whether electrons flowing to the USA were generated by ahydro , nuclear , wind, solar or other).
I am baffled by the US government's expectation that Canada is in control of who crosses the border into the US. Aside from East Germany, and maybe Russia, I am not aware of any country that controls, or even measures, outbound travel. For example, if you leave Canada by car, or by air, or by boat, you literally do not see any Canadian officials whatsoever at any point. Controlling who enters the US from Canada is the job of the US CBP. Is the US government actually suggesting that the way to reduce illegal immigration is to bully Canada into implementing exit controls, like East Berlin had, from scratch? Because the CBP apparently can't cope with it?
Yep, as one from the USSR, I was always under belief especially stressed by western radio, that freedom to leave a country is one of the fundamental aspects of freedom (as opposite to be admitted to another country)
21,000 lbs of fentanyl was seized by BPS at the Mexican-American border. At the Canadian-American border? 43 lbs. What is it Canada is supposed to be stopping again?
Nothing. The US Administration has changed its policy positions from Twitter post to Twitter post because the tariffs are not about border security or economics. Even Mexico sending soldiers to the border getting them a 30 day reprieve is just PR from Trump that provides the illusion of progress. Trump will impose the tariffs regardless of what anyone does, because the tariffs are an ideological position, not directly correlated to any one policy position. Otherwise why would he be threatening the EU with the same?
Manufacturing. This is to deindustrialize Ontario and bring the auto manufacturering jobs to the rust belt. It's not about the border or NATO or trade deficits and don't trick yourself into thinking it is. There is nothing we can do to appease him but agree to manufacturering tariffs and try and make a trade deal that accepts it is happening.
Seems to me you should have mentioned the tiny amount of illegal traffic in migrants and fentanyl coming across the Canadian border as opposed to Mexico. You give the impression that there is some comparability between the two, and there is not.
@@neolithictransitrevolution427 That was my point. I think Sal should have made it. By not distinguishing between the border with Mexico and the border with Canada, it suggests that Canada is a problem, and it is not.
@@kansasscout4322 No doubt, but the scale of problems with the northern border are minuscule compared to the southern border. Of course, we have had terrorist fly into the country, but no one is suggesting we stop all international air travel.
Sal, I wish you had pointed out the difference between the Canadian and the Mexican borders. Less than 1% of the fentanyl entering the USA comes from Canada. The illegal immigrant number is similar. During Trumps first term the flow of illegals actually shifted from Canada to USA to USA to Canada, and a similar trend is likely to occur now.
ngl, even if these tariffs are somehow avoided (MEX-US already delayed a month, and CAN-US probably the same later today), I think the serious threat of them has seriously damaged the reputation of the United States. As a Canadian, I will continue to boycott the U.S. and American companies wherever possible since I've gotten sick of this crap. Many more likely have the same view. We need to diversify away from the United States since it is not a reliable ally or trading partner. From a shipping perspective, it will be interesting to see what this means in terms of Canada investing in cross country pipelines and other shipping routes, as well as additional ports on both coasts to be able to better access global markets directly. For Mexico, same thing, as well as how this affects their investment in their interocianic railway corridor to bypass the Panama Canal etc.
I’m with you mostly, but am not boycotting American companies that stand up for their values, i.e., Costco. I’m boycotting Meta and Amazon, and am not sure about Google yet. Boycotting Apple would cause real pain. I have spent extended amounts of time in the U.S. I have American friends (many are also now Canadian citizens) and admire the accomplishments and institutions in the U.S. Let’s hope they’re not badly affected in the coming months. I’m also pleased to see how Trump has united Canadians. I hope that, after the tariffs are just a memory, that unity will last.
The issue is you struggle to pick and choose with economic action. The decent folk get clobbered with the rest as it is all so interconnected. Mind you when the EU drop fat tariffs on Tesla and the like I will not be unamused. @@polishtheday
"... Canada investing in cross country pipelines ..." That would require the "no appetite for pipelines" province to turn it around and become a team player. I don't see that happening.
lots of countries are going to move to decouple from the US, private/public/gov'ts... and especially allies (?!) will too. Why invest in the US if your external supply chain might get tariffed, or your customers get retaliatory tariffs? Why establish long-term contracts with a US counterparty/client? That means less imports, but also less exports! Honestly, BRICS just got a nice windfall ¯\_(ツ)_/¯
It would be cool if there were periodic round-up on this channel to summerize the major events that have been happening in the past weeks/months/year for newcomers. Love this channel. Thank you!
Sal, there was a lot of good information in this piece, but there was also some large omissions. There is a large demand for fentanyl in the US. That is not Mexico's fault. Americans need to stop consuming it and it will stop. Also, the overwhelming percent of fentanyl comes from Mexico using precursor chemicals sourced in China. Canada is irrelevant to all this. (If anything, Americans wants to flee north from this nightmare.). Obviously, the current administration does not understand how tariffs work. But it also does not understand what the trade deficit is or what it means. There is always a trade deficit or trade surplus between countries. Having a trade deficit is not necessarily bad. Americans enjoy more cheaper products and export pollution to places like China. Have you ever heard any American politician argue for "curing" the trade surplus that the US has with Australia, UK, Netherlands, Belgium, etc? The whole thing is ridiculous. And on Panama, as far as I understand it, the countries have agreed to go back to the status quo ante, which doesn't really sound like "backing down".
@@scottalan4655 If you're claiming that wealth is a measure of competency, then please explain the multiple bankruptcies and failed programs that the golden calf had. Also, if he is now a "multi-billionaire", it's due to the massive grift he's been running, selling everything but the sounds of his wheezing to his followers. Not to mention the near $300M given by musk to buy himself access to the US Treasury. And I guess you're in favor of all this? Or are you rooting for the ensuing chaos?
@@scottalan4655you mean a failed businessman who has filed multiple bankruptcies and couldn’t get anyone to lend him money due to his track record? Yep, Trump is a dimwit when it comes to economics but is a genius at being a conman.
The administration understands perfectly. What people don't seem to get is the administration, in a shocking turn of events, is lying. The tariffs on Canada have nothing to do with fentynal. It is about taking Ontario's manufacturering sector and repatriating it to the rust belt.
Sal, kudos to you for getting brought back to speak at your alma mater! I went to Marist College (now "University"), was commissioned as a 2LT through the Fordham Univ ROTC program's extension location at Marist. Got requested to speak at the commissioning ceremony 29 years after I was in those same seats, albeit, different part of the building lol.
He failed to inform viewers that the northern border is 1% the problem of the southern border and is not a valid emergency reason to implement tariffs on one of our greatest allies.
congrats on your speaking! also hope you feel better soon. I know being sick sucks but hang in there and it will pass. i found this channel by accident because i saw the title and it seemed interesting. WOW di i find a gold mine of knowledge i never knew about international and domestic shipping. im a nerd when it comes to learning and can't get enough of watching so i subscribed and hit the bell to get notified of new content. It's always good to listen to someone who actually knows what they are talking about. Most definitely please keep them coming. Pretty much everything is intertwined and effects each other and us in all ways. Sorry to ramble but i finally figured i would speak up and be apart of this more than just watching and learning. thanks Sal
That would "definitely stop" drugs shipments in USA. Not that drug trade is international, and you can simply switch the country. Not that Trump just pardoned most famous drug site owner. Not that tarrifs will hit american people way more than anyone else. Not that there is literally whole bunch of movies and tv series about domestic drugs production etc. Yeah... sure. Ridiculous. But anything to make Trump's billionaire friends sleep better
Always enjoy listening to your reports. One of the key areas of commerce is the movement of goods. Businesses tend to think that movement of goods is an endless supply of service. The fact is that it is a complicated and continuously changing scape with many points where there are significant limitations. I find that you have a great way of communicating this information in a logical and sensible way. Your videos should be a staple feed to business leadership. Keep it up!!
This is A) a admission that the US can't secure its border,and B) a sign that Trump has read the 'leaders' of other countries and found them lacking. How long would the US tariffs last if Canada said "fine, no electricity for you now"
People with as many symptoms of narcissism and sociopathy as trump has, often fail to understand any form of strength that isn't displayed with a bare chest and knuckle dusters. Canada is probably close to being the most liked country in the world and there will be no shortage of people willing to do business with them to take up the slack left by the US.
Colombia didn't back down, Trump did. Colombia refused to accept military flights with deportees on chains and shackles. They offered to even send the Presidential plane to collect deportees. They have been accepting deportees during the Biden administration without any problems, but Trump wanted to show his 'strong man image' and degrade basic humanity. He backed down and sent the deportees on commercial planes without chaining and shackeling the deportees. Big win for Colombia. Well done.
I'd be interested in hearing your thoughts about the impact if things get so bad that Canada feels compelled to shut down the St Lawrence Seaway as a way to respond to Trumps tariffs.
Not living up to your usual standards of journalism Sal... You talk about drugs at the border, and lump Canada and Mexico together, when seziures at one are 100 times at the other. Neglecting to mention highly pertinent facts like that is either deliberate (and therefore biased journalism) or accidental (and therefore incompetence). I look forward to the correction.
With the negative Trump tariff action the past 96 hours, I now don't care where the USA gets the 4 million barrels a day that the USA market wants. The Alberta oil sands have been expanded over the years, to accommodate the USA for when the US is shut off from middle east oil by the various nations and sheiks. I invest in the Canadian oil companies, I live in the main oil province, and this week, my attitude to the US, is not that positive.
There are other countries you can sell it to. Or just keep the stuff in the ground until the rest of the world runs out - the price is only going to go up.
Hi Sal Get Well Soon. I thank you for your dedication to this channel.I for one look forward to your insightful presentations, and am happy to see you partake in endeavours close to your heart. Cheers.
Yep this has absolutely nothing to do with the border. It’s about creating enemies to appear strong for political support as they dismantle the government.
Actually, if you back out US oil and gas imports from Canada, USA would have a positive trade balance with Canada. PS - destabilizing US allies doesn’t seem to be a good idea
Thank you for the updates, Sal. Even here in the middle of nowhere your information is useful and appreciated. We wish you a speedy recovery and congratulate you on the honors at your alma mater.
Mexico's declining oil exports are not due to tariffs or demand, but because their oil industry is starting to fail, and they are unable to keep up their output levels. One factor why Cuba is suffering a shortage of oil; that they "used to get" some of it from Mexico, and now there is none for them.
I am waiting for Mexico and China to announce a joint venture, to build "The Big Canal". From the Pacific Ocean to the Gulf of Mexico, 130 miles(?). The project of the century.
If we keeping kicking our allies in the teeth and acting as a bully and not a friend, then why wouldn't they want to partner with someone that doesn't? Our global strategy is being determined by a five year old.
Trump said multiple times on the campaign trail that the purpose of tariffs was to be the funding of Government, so that taxes could be reduced. If that is truly his motivation, partially, anyway, that constitutes a pretty massive redistribution of wealth from the middle class, to fund tax breaks for the wealthy. Any way you slice it, tariffs increase prices for consumers, and a major plank of his platform, was to reduce consumer prices.
He gives 15 different reasons so that each moron can pick and choose which one fits their biases. Then he and his billionaire friends rob us all. The only people who benefit from Tariffs are the top 1%
The money collected will "somehow" find it's way to some rich guy. For instance, the big roundup of undocumented immigrants will have to be housed someplace, the Fed gov doesn't have enough facilities for that so billions will be spent, and that's going to go to private prison business.
Awww what? You mean he only wanted to make billionaires richer at the expense of everyone else? If only we didn't have prior experience of this happening. Some kinda project playbook or something.
Anyone familiar with history?? One of the big contributors to the Great Depression of the late 1920's - 30's was a trade war with nations all over the world, tariffs multiplied, trade collapsed, and bankruptcies skyrocketed. Sound like fun? It could be coming back.
Guarding the US border against contraband coming into the US is the job of the US border service, it is not the job of the Canadian or Mexican government. As an American why would you abdicate that responsibility to a foreign government? I could understand asking for cooperation from foreign law enforcement, but threatening the sovereignty of your neighbours gets you the Russia - Ukraine war, not cooperation from law enforcement. I'm deeply offended that Sal talked about this like it was a rational idea. Sal, I thought you had more sense than that.
@@scottalan4655 Common sense would be noting that it's the US that's driving demand. You're asking Canada to stop US drivers from crashing into walls - it's not them, it's us! US!
As a Canadian I agree with you, Sal doesn’t mention that the US governments job is to prevent cross border smuggling , I travelled in the US southern border towns and watched smugglers walking into the US with no one watching the foot traffic . Maybe the border police should get out of their vehicles ! 😂
Get well Sal. Thanks for pushing through your illness to help keep us abreast of current events. I'm glad Mexico seems to be taking the necessary steps to resolve some issues.
Seems odd to blame Mexico and Canada for a problem that the US Customs and Border Patrol and Coast Guard and Navy don't do any better at controlling. After all we know where it comes from and we know why it goes. Treat the symptom not the cause I suppose as is the storied wisdom. As for the deportation military flights, our air lift is only in slightly better condition than our sea lift. To burn what little hours left to those craft on what could be done on civilian planes is all stunt and spectacle. Even Colombia's event was due to the military nature of the flights: they accept and continue to accept deportation flights as long as they are civilian, Trump won nothing. And he liked it.
@@thisishappening7273 I admit that my interpretation of his response to the event was the same as yours. He has, historically, been able to go so far beyond the headlines that I am willing to give him the benefit of the doubt on this one. We shall see how future events are relayed to know if this is a pattern or not.
Please so us all a favor and highlight the number of illegals and the amount of fentynal that is coming into the US from Canada. Also might be nice if someone mentioned the guns and drugs that are coming across our border from the US. Don't lump us in with Mexico. Use facts.
Canada's real problems are governance by a fool that put the nation into steep debt it can't handle. Canada is close to major economic disasters and soon you won't care about us then expect to plead for help.
And now the EU and UK are being threatened with tariffs as well for being out of line. Trump said last night that new tariffs on the EU will "definitely happen."
Trump doing to EU-Canadian friendship what Putin has done for NATO membership. Ironic that they can't even see that these events are the predictable outcomes of their own actions.
What is the current tariffs on Fentanyl?😂 Using drug trafficking problems as a reason to impose tariffs across the board sounds like a bad excuse (and lack of imagination)
yeah never mind all the lives destroyed by Mexican drug running, lets just continue letting Mexico ruin our country while over 60% of their government is paid for by cartels
I don't get the reasoning for this either. The best way to stop incoming illegal drugs is to remove the buyers. Nobody will risk it if they can't sell.
I enjoy your commentary... I think your views of the current situation are spot on and well documented. Today's situation is in line with how I predicted things in "Maritime Power in the Twenty First Century". As an aside, and not very important, I noticed in your slide to your former school, you use both the Dr. preface and Ph.D. following your name. Which is akin to medical doctor using Dr. J. Blow M.D., it's redundant and only one is needed. Thanks again and I hope you feel better... Hal Kearsley
I'm not buying the argument that the tariffs are because of illegal migrant crossings. Especially in regards to Canada. The administration does make that argument in the executive orders, and it may olay a small role, but Trump has long been vocal about his disgust with the trade deficits. And if the intent was to use trade to bend the arm of mexico and canada and immigration issues, it certainly wasn't necessary to impose the tariffs without discussion with our neighbors about the issues at hand. The threat of tariffs certainly would have been effectuve without causing the harms. I do recall Trump was successful doing this in his first term with Mexico.
By seeking out entirely rational explanations, you're minimizing the degree to which Trump feels the need to put on a tough guy performance to earn the praise of his adorants. Governments usually do act rationally if you drill down deeply enough, even when their policies seem inexplicable. That doesn't always hold for Trump.
@@northdakotaham1752imagine thinking tearing up trade agreements you negotiated a few years ago is “leadership”. It’s trashing the reputation of the US across the free world. They’re also trying to dismantle USAID, which saves lives and prevents destabilization of countries which causes migration and hurts business.
@@Ducaso No more discounts, and tit-for-tat tariffs. Canada has plenty of other countries to trade with who really like them and aren't trying to destroy their economy or to invade and take over their self-government.
I’ve been googling for weeks to see if it’s possible to drive over the Panama Canal and all my results are about the freakin’ Darien Gap… as if I didn’t know about that. I specifically searched for bridges too. Thanks for finally answering my question!
Sal, I respect your opinions, but if you think that Trump’s Tariffs against Canada are about Fentanyl, you are seriously deluded. Give your head a shake!
I agree, but because Trump has not been explicit what he really wants I think it is only correct to report things as they are presented by the administration on their face value. Perhaps later we will know fully what his ultimate aim is regarding using tariffs.
Agreed! Trump has said there is nothing Canada could do to avoid the tariffs. IMO This is the first salvo of Trump's stated goal of annexing Canada via economic coercion.
@@mithridateseupator3492Trump has already given 10-15 different reasons and they are conflicting. Failing to present that and include skepticism makes me extremely skeptical of this channel to address complex issues that include politics. Sean Duffy, who was praised by Sal, recently directed his department to give hiring preference to areas of the country with above average birth and marriage rates. Seems like a totally normal and evidence based practice /s
@@Andy_Hinners Trump is so deluded he thinks abuse is a good way to court someone. Canada would sooner join the EU than be subsumed by the US. When you want to marry someone, you give them gifts and treat them with respect - you don't yell and scream and kick the door down!
Except for the tech bros themselves. musk has literal access to the US Treasury - that sounds like a great idea, doesn't it? Nothing like a little conflict of interest to get the kleptocratic juices flowing...
@@davidg3944 Yep i'm afraid so. Tyranny of greed perfected. Tragic. All this amazing knowledge and tech. There's plenty of everything to go round for everyone, but those in power just have to hoard it all. Nothing new in history for human behavior. I'm a free market capitalist, but we need a new path forward for all humanity. idk what or how. But this current state of the world isn't good for most regular folks.
Let's see. Panama Canal drying up, Suez problems with pirates/missiles (may be decreasing, but will likely happen again), fuel prices will go up and shipping costs will go up, war with Canada (ha ha) will cause prices to go up, regular inflation will cause prices to go up again. Is there any hope for GOOD news? Thanks for keeping us updated.
I don't under stand how the USA not guarding it's border is Canada's or Mexico's issue? If the USA just put in place the people to guard it's border this would not be an issue. If there were people from the USA coming into Canada and they told the USA to stop them, I'm sure the USA would tell Canada to guard it's border....
@@carlpolen7437 But it's not your neighbour is it? It's some using your neighbour's property. And your neighbour might point out that bad stuff goes the other way too.
@ True, but We have not asked the USA to stop them, we added more people to stop them from crossing with out going through a crossing. Police your own border, or stop crying about it....
Even Trump stopped pretending that drugs from Canada are an important issues. Sad to see you repeating not just stupid talking points, but stale stupid talking points.
15:51 hi Sal and congratulations! That is false, Panama on its initiative and self interest approached the Biden Administration on July last year to start repatriating illegal migrants from Panama to their countries, these operations are going to be enhanced with the new US administration following Secretary Rubio’s comments from this morning. It was Presidents Mulino’s initiative for this to grow, but under the previous panamanian government Panamanians started registering illegal Darien jungle migrants going towards the US, the only migrants that can’t be repatriated but are still registered are Venezuelans since Panama broke diplomatic relations with Venezuela last July when Venezuelan democratic elections were rigged by the self imposed crooked government. Panama is doing its part in fighting mass illegal migration coming from South America, this week Panama has detained 28 Iranians en route towards your country. (It’s public knowledge). From Panama 🇵🇦
@ hi! The base of Meteti in Darien has been used since last year for this, itll continue to do so and itll get enhanced with US tax money to accommodate for bigger planes for these operations. Today Secretary Rubio announced what our president Mulino said yesterday. Panama does not have diplomatic relations with Venezuela (that is something that the US will have to sort out) for Venezuelans to be repatriated from Panama. My country it’s doing its part! Ps: we were called today a “friend and ally of the US” by Secretary Rubio, Panama is doing this because our interests align with US and EU interests on tackling illegal operations taking advantage of our special geographic location.
All are wrong, im right! See the problem? After all sanctions, manipulation, dumping, now tarifs? And on neighbours? Its the US owned companies for most in Canada and Mexico producing for US market. This is budget blackhole paching, not a trade war. In long term its not good.
🚨Updates🚨
Mexico agrees to deploy 10,000 troops to US border in exchange for tariff pause
share.newsbreak.com/badm5urv
Secretary Rubio’s Meeting with Panamanian President Mulino
www.state.gov/secretary-rubios-meeting-with-panamanian-president-mulino/
Haha, I'm sure Mexico will do that and nothing will particularly change at the border.
@tokomok whatever pauses the tariff is ok with me.
Trump just wanted some nice headlines. The Canadian government played themselves.
I'm sure nobody living in the zone immediately to the north of the border is crapping their pants over 10,000 troops on their border.
@@zacnewman7140 If Fox News tells the MAGAts it's fine, they'll believe it. And the rational folks here won't worry about it either.
I really appreciate how this channel sticks to the facts and refrains from making opinion statements on politics. It's definitely become one of my favorite sources for trade news. Keep up the awesome unbiased news!
Congratulations on your recognition at your alma mater. Well deserved.
I'll second that.
Thank you! It was great to be back at my alma mater.
How is this comment older than the video release?
How is this 16 hours ago lol
@@Banc2008 I released the video last night for my Patreon subscribers.
Sam, many thanks as always. Your channel is one of the most important resources for those of us trying to understand the world and the complex mechanics of global logistics that brings food and goods to our tables every day.....
Get well soon, Sal! Thanks for the update while you are feeling sick. That is real work.
Thank you, I will
Hope you feel better soon, doc!
Sal, Canada/US border saw 41.2 lbs of Fentanyl siezed in the last year (19 Kg). Total Fentanyl siezed coming into the US last year was approx. 21,000 lbs.
Canada therefore accounts for 0.2% of the total Fentanyl coming into the US.
I'm not sure what the illegal immigration numbers are, but I believe they would be fairly similar. In fact, there is some data suggesting that illegal migration is actually more of a problem for Canada, as we have had numerous incidents where people have illegally crossed into Canada FROM the US, across unmanned border crossing points.
So while Trump might tell his followers (and enemies) that this is about Fentanyl and Immigration, the truth is, this is about something else completely. What is it about? Who knows. My personal thought is that Trump actually does want to try to get Canada to join the US as the 51st state, and waging economic war against us is his way of trying to pressure us to join. I can't imagine how he thinks that would actually be an effective way to reach his goal (nor can I understand why on earth he would think it logical to assume Canada would join the US as a state in the first place; no offense, we love you Americans, but we love being Canadian, and we love the things that make Canada, Canadian. We aren't about to give those things up, I would suggest well over 90% of Canadians would say no to joining as a new state).
So really who knows what this is about. Maybe just a power play to show he's "the big man"? Really I wish we could figure it out, because this is insane. There is no reason to start a trade war with your closest trading partners!
I think he's just not very smart. Honestly.
He's sick as a dog, did you see his face. A mistake was made, we can get over it i'm sure.
@@HK-wq1ei Yeah honestly that appears it might be the case.
But on the other hand, I dunno, I think it might be a bit presumpuous and ignorant to just assume he's an idiot, and I think that opens everyone up to a lot of risk. If we all assume he's just a moron, then we don't pay attention to what he's doing. I guess it doesn't really matter if people outside of the US pay attention to what he's doing, other than the fact it allows us to call him out and hopefully have people IN the US see what we're posting, and hopefully helps them take notice.
But Americans really shouldn't assume he's just an idiot. And democrats and non-trump-supporters really need to stop just acting silly and calling him hitler or saying he's a facist, and they need to stop acting like democracy has failed or like he didn't democratically win the election. hell, they just spent the last 4 years upset that he refused to accept that he lost the election to biden!! now they're whining that somehow he isn't rightfully the president??
I think the democrats and centrists really need to re-evaluate how they are acting, and how they present their policies, and how they have truly marginalized a lot of average people with their nonsense. regular people don't like being made to feel that they are somehow "less morally honorable" or somehow "beneath" democrats. Yet that is how democrats have treated people. And anyone who questions democrats has generally just been berated as "right wing trump supporters" instead of heard and talked to like normal people. Regular people don't like being treated like that. A lot of people voted for trump who probably aren't overly trump supporters, but they really hated what they have seen in the democratic party the last few decades, but especially the last 3 elections (remember when the democrats killed bernie sander's chances and crowned hillary democrat queen, against the wishes of many democrats? remember when democrats pretended biden was completely mentally present and capable, all while he literally was acting like an old man who was at the stage of his life where he should be in a full service care home, and all while he literally couldn't put together a proper sentence, didn't know what he was even saying? and the democratic party leaders just pretended like none of that was happening, and basically just ran the government in spite of the president basically being incapacitated? or remember when they crowned kamala harris their candidate without holding a vote? yeah... regular voters don't like that crap. that's FAR MORE facist behavior than trump being elected by over 50% of voters, along with GOP winning senate and house, and thus they are governing based on the fact they were voted into all 3 branches).
yeah, it's getting tiring watching this crap. because the dems can't get their act together, and because they insist on being far less democratic than the GOP, they struggle to win elections that should be EASY WINS. 2016 and 2024 should have been EASY EASY wins, if they only would have put forward candidates who felt like regular people, and who voters could relate to, and who made voters feel heard. Instead, americans voted in trump. TWICE. And this time he won after spending 4 years being an idiot and claiming election fraud in spite of ZERO evidence to support this. And yet he still won! Ughh.
And now the rest of the world has to deal with the fallout of trump being the president. this sucks.
@@Im-just-Stardust there was no intent to crap on Sal. Totally could see he must feel like crap today.
He was just talking about how Trump was trying to stop fentanyl and immigrants from crossing from Canada, and I was just pointing out that this is clearly not the reason why trump is putting tariffs on Canadian stuff. Him being sick isn't going to make it so that he all of a sudden thinks that Canada contributes to either of these things more than they really do.
Again, was not at all crapping on Sal. I just am hoping that maybe he sees my comment, looks into it a bit, and maybe changes the way he talks about this situation, because the way he's been talking about it the last few videos where it's come up, he really hasn't questioned the logic or rationality of trump's stated position, even though trump's stated position holds no water as soon as one looks at the data.
And I know Sal prides himself on accuracy and on rationality. And I imagine if he realized that Canada accounted for 0.2% of Fentanyl seizures into the USA, he likely wouldn't talk about trump's stated desire to have Canada do better to stop fentanyl from going into the US as something based on fact or logic. Sal clearly is happy to call people out for holding positions that are not based in logic or fact, and i feel like if he realized that trump was wrong/lying about Canada being part of the fentanyl problem, he likely would at least not talk about the situation in a way that made it sound reasonable for trump to pressure canada to do more, when there really isn't much more we can do. When we account for 0.2%, there isn't a lot more that can be done. Clearly you can't expect everything to be stopped (not to mention... isn't it the job of US Border guards to stop the importation of illegal drugs? because I feel that is their job, not Canada's job... just sayin....)
Trump thinks windmills cause cancer, so it boils down to that he unequivocally is a moron
This is one the most interesting channels on youtube. Thanks
"Energy" is not just oil. It might include electrical power from Quebec to New York.
Indeed it does
Canada is considering cutting off electricity.
Have no doubt all possible situations and countries reactions and counters have been looked at.
@@j.d.1488 Dump hasn't looked at anything, he's an angry, senile old narcissist, and he's lashing out at everyone. Yesterday he started threatening the EU as well. Give him a month and he'll have a trade war going with every US trading partner.
The US also exports electric power to Canada as well. There is no way they will cut off electricty they provide.
Dr. Sal in NYC at NY State Maritime College, Alma Mater. That’s honor, Dr. Sal!!!
Yes, Congratulations!
Hey Sal, love your videos but in your section on the US/Canada tarrifs you failed to point out that the "border security" issues Trump brought up regarding Canada are completely unfounded. For example of the mentioned "21,000 lbs" of siezed fentanyl, only around 40lbs was siezed at the northern border. I think it's also worth mentioning that the tarrifs are being enacted under the International Emergency Economic Powers Act which requires there to be a national emergency in order for it to be applicable. Trump was dead set on the tarrifs long before any made up crsis at the northern border and he needed an excuse to impose them. This is also evident by the fact that he outright say that there was no action that could be taken by the Canadian government to prevent them.
I'd like to add to what you typed - It's not Canada's responsibility to secure America's border.
I also read these numbers and was expecting a bit of detail on a Canada emergency. Sadly, it is vague at best. Migration from Canada has been no issue before and drug trafficing as well. But a lot of talk about land grab recently.
Chump simply hates Trudeau, that's it. Chump and his advisors are completely insane, they ought to get a straitjacket and put into an insane asylum.
@@spyonmetooThat’s likely the eventual goal, at least that’s what I read into Trump’s comment about using economic rather than military force against Canada. The latter wouldn’t go over well with most Americans. He’s also raved wildly about all the water in Canada and what a wonderful thing it is.
He sure didn’t impose Tariff’s to help the American people . He and Elon own businesses in China , Mexico and Canada. This will let them raise prices and profit 😂. We are not stupid.
Don't firget we were getting Canada's crude at a 30% discount which pretty much evens out any supposed trade deficit.
Yes, and that the Canadian crude that is being refined is being made into a higher value product which is then being exported. To me, it sounds like a win for American refiners and thus the US economy.
The reason Canada's crude is at a 30% discount is because it's a dirty crude, they send it to the US because they don't have the infrastructure to refine it themselves!
Discount from what? Nobody gives a discount unless they get something in return.
@mithridateseupator3492 It was.
@@phil20_20What Canada gets in return is efficiency. They don’t have to build a pipeline and send it over the Rockies from Alberta to the coast to ship it overseas. They sell it to us instead and it’s a good deal for everyone. This is why North America has become the best trading market in the world and why tariffs are so stupid.
Sal the pressure is on. Many of us are counting on your coverage as the law. Thank you for your effort.
Better call Sal!
The problem of Chinese increasing influence around the world is that they invest, while the U.S. threatens and impose tariffs.
Yes, USA imports soldiers into countries. China does business, not bullets. I support China 100% as an American . No more bullying and wars.
The Chinese also fund via long term loans, the cost of building the new infrastructure in the Developing World, thereby assuring that the governments have to do what China wants or face foreclosure.
Lol. looks at American investment throughout the world and rolls eyes at argument that Chinese "invesement" is anything but a debt trap.
China exports way more than it imports. That's China's power. America doesn't have that much money to invest.
@@zmanjzAnd Donald Trump is closing down the US development aid programs…
Republicans don’t understand “soft power”…
A reminder that Canadian oil is sold at a price significantly less than World prices which benefits American consumers and the companies extracting the oil are also American.
For now...
Not for long. Canada will be taking the US companies out of our oilpatch soon enough. In fact, banning the US from ownership or controlling interest in any strategic industries would be a good idea. Oil, gas, uranium, rare metals, railroads, ports, steel , aluminum, and most of all news / media.
Time for Canada to put some serious taxes on that. It's their oil and they have a right to profit from its sale.
@@tealkerberus748 Aye, we should, but oil politics in Canada is as dirty as it is everywhere else in the world.
Time to address that. Unfair. Very unfair.
Why a re we claiming the blame for the importation of drugs falls on Canada and Mexico, when we operate our own boarder inspection stations and ports. What's keeping us from increasing our own inspection process?
Because it is just an excuse to try to bully manufacturing back into the usa
Trump is doing that but in the case of Canada, he also wants them to man up and spend more on their military. Since WWII the US has protected Canada and he wants them to spend more. In the case of Mexico, they have allowed millions of illegals to cross their country and go into the US. Is that fair?
IF Canada is our friend, WHY should we have to?
@@mikenagy938 Millions? Where did you pull that number out of?
@@mikenagy938 Sorry, just who has America protected Canada from? Also, America didn't help in the conflict with Denmark. So much for support!
My sister who owns a small business told me that the new Tariffs on packages under 800$ is going to cost her a lot. Almost everything she imports are under the 800$ dollars that used to be exempt. I think many small business owners are going to suffer from this. She told me she has no choice but to raise prices.
Did she vote?
And that's the thing. People seem to *think* that tariffs are just going to be paid by the country selling into the US, but in reality no business ever is going to just absorb a 25% increase in their business expenses and not pass it on to their consumers. That's a quick way to go bankrupt, and bankrupts don't stay in business.
@@tealkerberus748 Not to mention that most Americans don't actually have the first clue who pays the tariff to who. American importers pay the tariff to the American government.
Why can't it be made in America?
@ Not everything can be made or sourced in America. Never has been, never will be.
Good timing by Canada in expanding by 3X the capacity of oil pipeline to Pacific Ocean as well as upcoming commissioning in 2025 of new BC LNG plant
Sal, congratulations to you for the merit awarded by your university! Appreciate your contribution and knowledge sharing.
The trade deficit is not the fault of foreign governments or people, it's because Americans are buying more stuff than they are selling. With Canada it's mostly just oil.
The total amount of fent going from Canada to the US in 2024 was 4.4 kilos, out of the roughly 10,000 kilo total Sal mentioned.
@@zonian1966
99% of children's toys are made outside the US. Without China there would be no Santa Claus.
How would you know? Only what gets caught is known.
Not saying you are wrong in fact, just that your theory is flawed.
@@davidgoodnow269 The 4.4 came from the same place the 10,000 did, it's an estimate from the DEA. How would they know the total amount coming in? They didn't, they guessed.
Edit; I googled again and got different numbers for a different metric, 21,000 lbs seized at the Mexican border, 43 lbs seized at the Canadian border. This source didn't mention the time frame.
@@davidgoodnow269 Sorry, but that kind of disparity is almost certainly due to the very simple fact that there is far, far less of the drug coming from Canada than from Mexico. The ratio may be closer if the real quantities were known, but its still going to be wildly different.
At the end of the day its also irrelevant. The drugs are an excuse, nothing more. It gives Trump the ability to levy those tariffs using existing Presidential powers without having to risk going to Congress. Its nothing more than a causus belli.
And yes, I used that phrase purposefully. The kind of tariff's Trump has inflicted on Canada are an aggressive act. Its short of war, but its NOT the act of one ally to another....
And thats going to have a lot of other Allied nations seriously thinking right at the moment. Trump could do serious damage to the relationships between the US and many other nations, many of them long term allies, that could take decades to repair. And given how ambitious China is being... I do not think any of us really want, or can afford that.....
Including the USA.
It's all comIng from ChIna one way or another. That's why he only them with 10%. Wait a second...
I must have missed something. You stated how much in the way of drugs came from Mexico, you never mentioned if any drugs were coming from Canada, or how much illegal immigration is coming from Canada? So does a state of emergency truly exist? More than likely not. Just an excuse to raise Tariffs which the to Americans is just another way to be taxed.
I'm all for the Canadians hitting back as hard as they can.
Your right I can not predict all that will happen in a trade war. I can say that 25% of all GM cars and trucks including their new EV line up are from Mexico and Ford had 4 plants there.
For Toyota the Rave4, it's best selling SUV is built in Canada.
So, basically if you are American your going to get screwed.
All the reports say there's more illegal drugs and undocumented immigration going into Canada than out of it over that border. And I reckon there'll be a lot more undocumented migration heading north as US citizens realise how badly they're losing their right to exist.
As a Michigander who has lived my entire life less than a mile away from the Canadian border and in a town with one of the bridge crossings into Canada I can say these tariffs are going to hurt. I can't blame my friends across the border for standing up for themselves and doing what needs to be done to protect themselves from a monster, but every idiot in my red district absolutely deserves the layoffs that are coming and will receive no sympathy from me.
Hey, what's shaking in Pt. Huron?
@@Andy_Hinners It's cold and wet. Nothing unexpected.
Unfortunately, it’s not just those who voted red that will feel the impact.
@@polishthedayno, it will also be the people who voted in 2020 but chose not to in 2024, and the people who failed to convince them to
I'm also real close the southern border to Canada (Detroit). I don't know what I'll do without all of the Waste incoming from Canada into Michigan. I feel sorry for all of my Canadian friends and relatives that will be drowning in trash since they won't be able to figure out what to do with all of the garbage.
Thanks Sal. I hope you feel better soon.
Much love from Australia 🌏 🌻
Feel better, Sal! I appreciate updates from your perspective.
Less than 0.2% of total US fentanyl imports come from Canada, despite being the largest legal trade partner for decades and sharing the world's longest border.
Canada could spend trillions jumping through Trump's ever-changing hoops and the US would never notice the difference. And the US is ultimately responsible for controlling what comes into their own country.
Also, the US imports 1,000 times as much fentanyl per capita as Canada does. Sounds like a demand problem to me.
But a fascist will always blame "the others" for his own nation's problems. And the corrupt elite will cheer him on, along with the uneducated masses.
First sane take I've read in YT comments all week. Keep it up 💪
His other excuse is National Defense. His claims that NATO and Canada don't contribute enough to Defense.
@@kathleenmccrory9883We don’t at the moment, but there are plans to increase it. Some of us think it would be best spent in the north in preparation for the time when we’re going to have to defend our territorial waters against other countries, including the U.S. I also watched an interview where it was suggested we spend the money on better housing and training for the military, which sounds like a good way to increase recruitment.
Demand is the problem. We need to stop the War on Drugs that targets the money for seizure, and return to the pre-Reagan policy of sending addicts to special jails for long-term treatment.
@@kathleenmccrory9883which it doesn’t
Rhanks, this is one of the easiest to digest reports out there. Kudos to you!
1% of Fythena comes across the Canadian US border. The host thinks that the contrivance, i.e. boarder crossing, is Trump reason, for the trade war. It doesn't with Canada.
your guess of 1% needs attribution. BUT guess what 1% of the fentanyl entering the nation comes to. Its still huge
@@kansasscout4322 Yea, and how much Fentanyl goes in canada from US? Probably much more.
@@kansasscout4322 and guess what? its not canadas job to police what enters the US but oh were gonna spend 900million.... cause trump. You guys are a joke. Police your own shit and stop making it every other countries fault
In the Canadian one: notable: every package coming in by mail/curier woudl need to be processed (whereas in past, only country of origin was checked and if Canada, package passed though due to NAFTA. This would place huge load on the postal system that hasn't had capacity to check such volumes sicne 1989. )I know this isn't about shipping, but still shows the level of application that had been called for).
Note that the actual text in the Federal register applies the 10% to:
Crude oil, natural gas, lease condensates, natural gas liquids, refined petroleum products, uranium, coal, biofuels, geothermal heat, the kinetic movement of flowing water, and critical minerals, as defined by 30 U.S.C. 1606(a)(3)
Electricity is not included so exports from Canada would be dinged at 25%. (so CBP agents would have to stick tongues to the 735kv power lines to measure how much power was being imported by USA 🙂 (kietic movement of water is not electricity, and there is no way for customs agent to know whether electrons flowing to the USA were generated by ahydro , nuclear , wind, solar or other).
I am baffled by the US government's expectation that Canada is in control of who crosses the border into the US. Aside from East Germany, and maybe Russia, I am not aware of any country that controls, or even measures, outbound travel. For example, if you leave Canada by car, or by air, or by boat, you literally do not see any Canadian officials whatsoever at any point. Controlling who enters the US from Canada is the job of the US CBP. Is the US government actually suggesting that the way to reduce illegal immigration is to bully Canada into implementing exit controls, like East Berlin had, from scratch? Because the CBP apparently can't cope with it?
Yep, as one from the USSR, I was always under belief especially stressed by western radio, that freedom to leave a country is one of the fundamental aspects of freedom (as opposite to be admitted to another country)
21,000 lbs of fentanyl was seized by BPS at the Mexican-American border. At the Canadian-American border? 43 lbs.
What is it Canada is supposed to be stopping again?
Nothing. The US Administration has changed its policy positions from Twitter post to Twitter post because the tariffs are not about border security or economics. Even Mexico sending soldiers to the border getting them a 30 day reprieve is just PR from Trump that provides the illusion of progress. Trump will impose the tariffs regardless of what anyone does, because the tariffs are an ideological position, not directly correlated to any one policy position. Otherwise why would he be threatening the EU with the same?
Canada needs to stop the golden calf's ambitions. That will be their major service to humanity.
how many pounds of cigerettes? or, perhaps the precursors that are being smuggled thru?
How about the US get a handle on all the illegal guns and millions of dollars of cocaine recently seized coming INTO Canada from the US?!?
Manufacturing. This is to deindustrialize Ontario and bring the auto manufacturering jobs to the rust belt. It's not about the border or NATO or trade deficits and don't trick yourself into thinking it is. There is nothing we can do to appease him but agree to manufacturering tariffs and try and make a trade deal that accepts it is happening.
Seems to me you should have mentioned the tiny amount of illegal traffic in migrants and fentanyl coming across the Canadian border as opposed to Mexico. You give the impression that there is some comparability between the two, and there is not.
Canada accounts for about 1% of illegal contraband going into the US. The rest you can figure out yourselves.
It doesn't matter. It has nothing to do with the Canada's border.
@@neolithictransitrevolution427 That was my point. I think Sal should have made it. By not distinguishing between the border with Mexico and the border with Canada, it suggests that Canada is a problem, and it is not.
They have intercepted terrorists attempting to cross. The integrity of borders is important.
@@kansasscout4322 No doubt, but the scale of problems with the northern border are minuscule compared to the southern border. Of course, we have had terrorist fly into the country, but no one is suggesting we stop all international air travel.
Sal, I wish you had pointed out the difference between the Canadian and the Mexican borders. Less than 1% of the fentanyl entering the USA comes from Canada. The illegal immigrant number is similar. During Trumps first term the flow of illegals actually shifted from Canada to USA to USA to Canada, and a similar trend is likely to occur now.
What about users. Drug use is NOT a victimless crime, good people all along the drug route pay a very heavy price for a druggy's high.
ngl, even if these tariffs are somehow avoided (MEX-US already delayed a month, and CAN-US probably the same later today), I think the serious threat of them has seriously damaged the reputation of the United States.
As a Canadian, I will continue to boycott the U.S. and American companies wherever possible since I've gotten sick of this crap. Many more likely have the same view. We need to diversify away from the United States since it is not a reliable ally or trading partner.
From a shipping perspective, it will be interesting to see what this means in terms of Canada investing in cross country pipelines and other shipping routes, as well as additional ports on both coasts to be able to better access global markets directly. For Mexico, same thing, as well as how this affects their investment in their interocianic railway corridor to bypass the Panama Canal etc.
I’m with you mostly, but am not boycotting American companies that stand up for their values, i.e., Costco. I’m boycotting Meta and Amazon, and am not sure about Google yet. Boycotting Apple would cause real pain.
I have spent extended amounts of time in the U.S. I have American friends (many are also now Canadian citizens) and admire the accomplishments and institutions in the U.S. Let’s hope they’re not badly affected in the coming months. I’m also pleased to see how Trump has united Canadians. I hope that, after the tariffs are just a memory, that unity will last.
The issue is you struggle to pick and choose with economic action. The decent folk get clobbered with the rest as it is all so interconnected. Mind you when the EU drop fat tariffs on Tesla and the like I will not be unamused. @@polishtheday
Canadian here. I agree 100% and am still avoiding American products wherever possible.
"... Canada investing in cross country pipelines ..." That would require the "no appetite for pipelines" province to turn it around and become a team player. I don't see that happening.
lots of countries are going to move to decouple from the US, private/public/gov'ts... and especially allies (?!) will too. Why invest in the US if your external supply chain might get tariffed, or your customers get retaliatory tariffs? Why establish long-term contracts with a US counterparty/client? That means less imports, but also less exports! Honestly, BRICS just got a nice windfall ¯\_(ツ)_/¯
It would be cool if there were periodic round-up on this channel to summerize the major events that have been happening in the past weeks/months/year for newcomers. Love this channel. Thank you!
Sal, there was a lot of good information in this piece, but there was also some large omissions. There is a large demand for fentanyl in the US. That is not Mexico's fault. Americans need to stop consuming it and it will stop. Also, the overwhelming percent of fentanyl comes from Mexico using precursor chemicals sourced in China. Canada is irrelevant to all this. (If anything, Americans wants to flee north from this nightmare.). Obviously, the current administration does not understand how tariffs work. But it also does not understand what the trade deficit is or what it means. There is always a trade deficit or trade surplus between countries. Having a trade deficit is not necessarily bad. Americans enjoy more cheaper products and export pollution to places like China. Have you ever heard any American politician argue for "curing" the trade surplus that the US has with Australia, UK, Netherlands, Belgium, etc? The whole thing is ridiculous. And on Panama, as far as I understand it, the countries have agreed to go back to the status quo ante, which doesn't really sound like "backing down".
So your a multi billionaire with several golf courses and alot of luxury hotels and resorts
@@scottalan4655 If you're claiming that wealth is a measure of competency, then please explain the multiple bankruptcies and failed programs that the golden calf had. Also, if he is now a "multi-billionaire", it's due to the massive grift he's been running, selling everything but the sounds of his wheezing to his followers. Not to mention the near $300M given by musk to buy himself access to the US Treasury. And I guess you're in favor of all this? Or are you rooting for the ensuing chaos?
The Fentanyl is coming from his mob partner, Xi. Let's not split hairs here.
@@scottalan4655you mean a failed businessman who has filed multiple bankruptcies and couldn’t get anyone to lend him money due to his track record? Yep, Trump is a dimwit when it comes to economics but is a genius at being a conman.
The administration understands perfectly. What people don't seem to get is the administration, in a shocking turn of events, is lying. The tariffs on Canada have nothing to do with fentynal. It is about taking Ontario's manufacturering sector and repatriating it to the rust belt.
Sal, kudos to you for getting brought back to speak at your alma mater! I went to Marist College (now "University"), was commissioned as a 2LT through the Fordham Univ ROTC program's extension location at Marist. Got requested to speak at the commissioning ceremony 29 years after I was in those same seats, albeit, different part of the building lol.
Boy we cruise way past shipping and into some world economics almost every episode. Dude, you are one of my news sources now.
To be honest , shipping IS geopolitic and world economy
He failed to inform viewers that the northern border is 1% the problem of the southern border and is not a valid emergency reason to implement tariffs on one of our greatest allies.
@@thisishappening7273 Well , the man like to surf on a wave of crisis , then present himself as the solution
congrats on your speaking! also hope you feel better soon. I know being sick sucks but hang in there and it will pass. i found this channel by accident because i saw the title and it seemed interesting. WOW di i find a gold mine of knowledge i never knew about international and domestic shipping. im a nerd when it comes to learning and can't get enough of watching so i subscribed and hit the bell to get notified of new content. It's always good to listen to someone who actually knows what they are talking about. Most definitely please keep them coming. Pretty much everything is intertwined and effects each other and us in all ways. Sorry to ramble but i finally figured i would speak up and be apart of this more than just watching and learning. thanks Sal
That would "definitely stop" drugs shipments in USA. Not that drug trade is international, and you can simply switch the country. Not that Trump just pardoned most famous drug site owner. Not that tarrifs will hit american people way more than anyone else. Not that there is literally whole bunch of movies and tv series about domestic drugs production etc. Yeah... sure. Ridiculous. But anything to make Trump's billionaire friends sleep better
The precursors to the drug production are being shipped into the US. It needs to stop.
👍The US is the worst client China could wish for. They make the products the US gives them paper.
Always enjoy listening to your reports. One of the key areas of commerce is the movement of goods. Businesses tend to think that movement of goods is an endless supply of service. The fact is that it is a complicated and continuously changing scape with many points where there are significant limitations. I find that you have a great way of communicating this information in a logical and sensible way. Your videos should be a staple feed to business leadership. Keep it up!!
This is A) a admission that the US can't secure its border,and B) a sign that Trump has read the 'leaders' of other countries and found them lacking. How long would the US tariffs last if Canada said "fine, no electricity for you now"
People with as many symptoms of narcissism and sociopathy as trump has, often fail to understand any form of strength that isn't displayed with a bare chest and knuckle dusters. Canada is probably close to being the most liked country in the world and there will be no shortage of people willing to do business with them to take up the slack left by the US.
Colombia didn't back down, Trump did. Colombia refused to accept military flights with deportees on chains and shackles. They offered to even send the Presidential plane to collect deportees. They have been accepting deportees during the Biden administration without any problems, but Trump wanted to show his 'strong man image' and degrade basic humanity. He backed down and sent the deportees on commercial planes without chaining and shackeling the deportees. Big win for Colombia. Well done.
Isn't that wild? Considering the majority of them came to the US from Columbia in less than humane conditions.
sounds like spin to me
meaningless distinction.
And yet America is safer...
Are you drunk, or just stupid?
I'd be interested in hearing your thoughts about the impact if things get so bad that Canada feels compelled to shut down the St Lawrence Seaway as a way to respond to Trumps tariffs.
You didn't ask for mine, but here they are. That's batspit crazy talk!
Why? All prices will go up because tariffs are paid by the US consumer and not by the producer . All taxes are paid by the consumer.
@@ducthman4737IF the U.S. consumer is dumb enough to buy said products. There...fixed it for you.
@ agreed, but Trump is a batspit crazy kind of guy
@@NetTopsey crazy like a fox.
New to channel... shipping is the blood veins of world commerce... cool show
Not living up to your usual standards of journalism Sal...
You talk about drugs at the border, and lump Canada and Mexico together, when seziures at one are 100 times at the other. Neglecting to mention highly pertinent facts like that is either deliberate (and therefore biased journalism) or accidental (and therefore incompetence). I look forward to the correction.
He's reporting the golden calf's justifications. Not reality, but what Il Duce2 wants people to think.
With the negative Trump tariff action the past 96 hours, I now don't care where the USA gets the 4 million barrels a day that the USA market wants. The Alberta oil sands have been expanded over the years, to accommodate the USA for when the US is shut off from middle east oil by the various nations and sheiks. I invest in the Canadian oil companies, I live in the main oil province, and this week, my attitude to the US, is not that positive.
There are other countries you can sell it to. Or just keep the stuff in the ground until the rest of the world runs out - the price is only going to go up.
In Canada they stopped truck at Canada border with 835 Kg (1838 pounds) of cocaine... and that was in January this year! coming from the US.
We're the superpower so that doesn't count... besides, cocaine is merely a simple party drug, what's wrong with a little partying!?
Hi Sal Get Well Soon. I thank you for your dedication to this channel.I for one look forward to your insightful presentations, and am happy to see you partake in endeavours close to your heart. Cheers.
It is so hard for me to accept anything being put out by American government as a fact. Thanks for breaking it down.
Yep this has absolutely nothing to do with the border. It’s about creating enemies to appear strong for political support as they dismantle the government.
Hope you feel better soon Sal.
Actually, if you back out US oil and gas imports from Canada, USA would have a positive trade balance with Canada.
PS - destabilizing US allies doesn’t seem to be a good idea
Thank you for the updates, Sal. Even here in the middle of nowhere your information is useful and appreciated. We wish you a speedy recovery and congratulate you on the honors at your alma mater.
Mexico's declining oil exports are not due to tariffs or demand, but because their oil industry is starting to fail, and they are unable to keep up their output levels. One factor why Cuba is suffering a shortage of oil; that they "used to get" some of it from Mexico, and now there is none for them.
You are conflating Mexico and Venezuela...
@@gamarus0kragh I'm not it's BOTH of them unable to supply Cuba. But Venezuela wasn't the topic. Mexico is.
Congratulations on speaking to your alumni and I’m sorry you got sick- get well soon
I am waiting for Mexico and China to announce a joint venture, to build "The Big Canal". From the Pacific Ocean to the Gulf of Mexico, 130 miles(?). The project of the century.
If we keeping kicking our allies in the teeth and acting as a bully and not a friend, then why wouldn't they want to partner with someone that doesn't? Our global strategy is being determined by a five year old.
China & Mexico & Chinada gotta ship that fentanyl in NO MATTER WHAT!
Watch "Interoceanic Corridor of the Isthmus of Tehuantepec"
you mean to the Gulf of America right?
@@Andy_Hinners You're kidding, right?
Trump posted on Sunday that the tariffs would remain in place until Canada was our 51'st state, which belies your opinion that its about illegals
Exactly. It’s about power.
Trump said multiple times on the campaign trail that the purpose of tariffs was to be the funding of Government, so that taxes could be reduced. If that is truly his motivation, partially, anyway, that constitutes a pretty massive redistribution of wealth from the middle class, to fund tax breaks for the wealthy.
Any way you slice it, tariffs increase prices for consumers, and a major plank of his platform, was to reduce consumer prices.
Trump's Grift 101 right there, folks.
He gives 15 different reasons so that each moron can pick and choose which one fits their biases.
Then he and his billionaire friends rob us all. The only people who benefit from Tariffs are the top 1%
The money collected will "somehow" find it's way to some rich guy. For instance, the big roundup of undocumented immigrants will have to be housed someplace, the Fed gov doesn't have enough facilities for that so billions will be spent, and that's going to go to private prison business.
Awww what? You mean he only wanted to make billionaires richer at the expense of everyone else? If only we didn't have prior experience of this happening. Some kinda project playbook or something.
@@hottractor1999 Trump just signed another EO starting a sovereign wealth fund so the US can buy TikTok, and likely a manned Mars mission.
Sal, you are so humble and such a delight to listen to.
Canada is our best partner treating them like this is a crime.
Don't worry, we'll pay for it eventually.
Anyone familiar with history?? One of the big contributors to the Great Depression of the late 1920's - 30's was a trade war with nations all over the world, tariffs multiplied, trade collapsed, and bankruptcies skyrocketed. Sound like fun? It could be coming back.
Tell the red voters, f*ck around and find out. 😮
@@michaelmcginnis9391 I hate to say it, but maybe that's what it'll take to pull people's heads out of their asses and think critically for once.
What about the oil market in South America? PetroBras and Ecopetrol specifically, where does theIr stuff go?
Guarding the US border against contraband coming into the US is the job of the US border service, it is not the job of the Canadian or Mexican government. As an American why would you abdicate that responsibility to a foreign government?
I could understand asking for cooperation from foreign law enforcement, but threatening the sovereignty of your neighbours gets you the Russia - Ukraine war, not cooperation from law enforcement.
I'm deeply offended that Sal talked about this like it was a rational idea.
Sal, I thought you had more sense than that.
He has Trump's "common sense". Which means, none.
He's not a communist supporter like the extremist democratic party followers
Its their job to watch their side of the borders not ours there is a clue for tds it just takes common sense
@@scottalan4655 Common sense would be noting that it's the US that's driving demand. You're asking Canada to stop US drivers from crashing into walls - it's not them, it's us! US!
As a Canadian I agree with you, Sal doesn’t mention that the US governments job is to prevent cross border smuggling , I travelled in the US southern border towns and watched smugglers walking into the US with no one watching the foot traffic . Maybe the border police should get out of their vehicles ! 😂
Get well Sal. Thanks for pushing through your illness to help keep us abreast of current events. I'm glad Mexico seems to be taking the necessary steps to resolve some issues.
You had the shirt surgically removed for that presentation . 😂
Just a heads up the Canadian trans mountain pipeline to the pacific you mentioned is a gas pipeline not heavy oil.
Why do you think that facts matter to the MAGA cult members??
They don't care about any laws or regulations that they have been agreeing to.
Seems odd to blame Mexico and Canada for a problem that the US Customs and Border Patrol and Coast Guard and Navy don't do any better at controlling. After all we know where it comes from and we know why it goes. Treat the symptom not the cause I suppose as is the storied wisdom. As for the deportation military flights, our air lift is only in slightly better condition than our sea lift. To burn what little hours left to those craft on what could be done on civilian planes is all stunt and spectacle. Even Colombia's event was due to the military nature of the flights: they accept and continue to accept deportation flights as long as they are civilian, Trump won nothing. And he liked it.
And Sal liked it, I think.
@@thisishappening7273 I admit that my interpretation of his response to the event was the same as yours. He has, historically, been able to go so far beyond the headlines that I am willing to give him the benefit of the doubt on this one. We shall see how future events are relayed to know if this is a pattern or not.
Please so us all a favor and highlight the number of illegals and the amount of fentynal that is coming into the US from Canada. Also might be nice if someone mentioned the guns and drugs that are coming across our border from the US. Don't lump us in with Mexico. Use facts.
Canada's real problems are governance by a fool that put the nation into steep debt it can't handle. Canada is close to major economic disasters and soon you won't care about us then expect to plead for help.
And now the EU and UK are being threatened with tariffs as well for being out of line. Trump said last night that new tariffs on the EU will "definitely happen."
Doesn't really matter, the US has beein doing this kind of thing on and off for sixty years, they've lost against the EU every single time.
Trump doing to EU-Canadian friendship what Putin has done for NATO membership. Ironic that they can't even see that these events are the predictable outcomes of their own actions.
Thank you for the update Sal. Hope you feel better soon!
I was just down at the Maritime collage working on NSMV1 Empire State Had a great time.
Feel better soon, Sal! And today's video was just fine. Thanks for the effort.
What is the current tariffs on Fentanyl?😂 Using drug trafficking problems as a reason to impose tariffs across the board sounds like a bad excuse (and lack of imagination)
yeah never mind all the lives destroyed by Mexican drug running, lets just continue letting Mexico ruin our country while over 60% of their government is paid for by cartels
Fentanyl comes in illegally from Mexico China sells the chemicals needed to make it to the cartels they produce fentanyl and smuggle it north
I don't get the reasoning for this either. The best way to stop incoming illegal drugs is to remove the buyers. Nobody will risk it if they can't sell.
@csgergo you mean like the failed War on Drugs the USA has been failing at for over 20 years? Wrong.
@@csgergo80And start examining the reasons people feel the need to use it.
Thank you for the updates, Sal. I hope you'll feel better soon!
I am having a hard time with this whole tariff war...
I enjoy your commentary... I think your views of the current situation are spot on and well documented. Today's situation is in line with how I predicted things in "Maritime Power in the Twenty First Century". As an aside, and not very important, I noticed in your slide to your former school, you use both the Dr. preface and Ph.D. following your name. Which is akin to medical doctor using Dr. J. Blow M.D., it's redundant and only one is needed. Thanks again and I hope you feel better... Hal Kearsley
I'm not buying the argument that the tariffs are because of illegal migrant crossings. Especially in regards to Canada. The administration does make that argument in the executive orders, and it may olay a small role, but Trump has long been vocal about his disgust with the trade deficits. And if the intent was to use trade to bend the arm of mexico and canada and immigration issues, it certainly wasn't necessary to impose the tariffs without discussion with our neighbors about the issues at hand. The threat of tariffs certainly would have been effectuve without causing the harms. I do recall Trump was successful doing this in his first term with Mexico.
Nope, its too many illegals and drugs AND unfair trade practices by China, and Canada. Its all tied together.
By seeking out entirely rational explanations, you're minimizing the degree to which Trump feels the need to put on a tough guy performance to earn the praise of his adorants. Governments usually do act rationally if you drill down deeply enough, even when their policies seem inexplicable. That doesn't always hold for Trump.
@@bobbun9630 he's fundamentally a showman, for him this is about putting on a good show.
Consequences for the people don't matter to Trump, only the illusion that he's in charge.
Thank you. Great insights. You do add depth to the whole international picture for me.
Good luck America 🤦♂️
Very worried here in Virginia
Keeping head up 🙏🏽
We don't need good luck. We needed good leadership. We got it now.....thank you.
@northdakotaham1752 no chance of good leadership for at least another 4 years.
@@northdakotaham1752😂😂😂😂
@@northdakotaham1752imagine thinking tearing up trade agreements you negotiated a few years ago is “leadership”. It’s trashing the reputation of the US across the free world.
They’re also trying to dismantle USAID, which saves lives and prevents destabilization of countries which causes migration and hurts business.
Your visualization chart is fantastic.
I wish Canada would just raise the price 25%. As an American I am willing to pay more to fight fascism
go live in Canada and see how well that works.
Or they could just drop the massive discount they already sell it at to the US, I think it's currently higher than that 25%.
@@Ducaso No more discounts, and tit-for-tat tariffs. Canada has plenty of other countries to trade with who really like them and aren't trying to destroy their economy or to invade and take over their self-government.
Great Episode, I agree the future is going to be fun to watch! My sincere hope that you feel much better soon! Blessings on you and your family.....
Thank you Sal, for laying it out for Americans, about refinery feed stocks.
tRump has united Canadians, like never before.😂
Yeah, but shouldn't uniting Canadians be Trudeau's job?
@fwingebritson We have the same issues, as that between Dems and Rebloodlicans.
@@fwingebritson Trudeau quit on us, the gutless wonder.
@@fwingebritson Then he should have stuck to his campaign promises.
I’ve been googling for weeks to see if it’s possible to drive over the Panama Canal and all my results are about the freakin’ Darien Gap… as if I didn’t know about that. I specifically searched for bridges too. Thanks for finally answering my question!
Do agree no one can predict the coming effects good or bad from the tariffs at all. We will have to ride the ride to see how it goes.
We can predict though, there are already _centuries_ of the effects and affects of US tariff policy. These worries are based in reality.
Sal, I respect your opinions, but if you think that Trump’s Tariffs against Canada are about Fentanyl, you are seriously deluded. Give your head a shake!
I agree, but because Trump has not been explicit what he really wants I think it is only correct to report things as they are presented by the administration on their face value. Perhaps later we will know fully what his ultimate aim is regarding using tariffs.
Agreed! Trump has said there is nothing Canada could do to avoid the tariffs.
IMO This is the first salvo of Trump's stated goal of annexing Canada via economic coercion.
@@mithridateseupator3492Trump has already given 10-15 different reasons and they are conflicting.
Failing to present that and include skepticism makes me extremely skeptical of this channel to address complex issues that include politics.
Sean Duffy, who was praised by Sal, recently directed his department to give hiring preference to areas of the country with above average birth and marriage rates.
Seems like a totally normal and evidence based practice /s
Its an easy mistake, its listening to anything Trump say. Whatever it is it is lies, distractions, gas lighting or red herrings.
@@Andy_Hinners Trump is so deluded he thinks abuse is a good way to court someone. Canada would sooner join the EU than be subsumed by the US.
When you want to marry someone, you give them gifts and treat them with respect - you don't yell and scream and kick the door down!
The Panama canals connect a big lake, which can be crossed very easily.
Congratulations on your academic recognition. Me, I'm converting my securities to cash and cash equivalents.
I'd be getting rid of securities because the interest rate *_has to_* equal or exceed the rate of inflation, to be a valid instrument.
I know you feel groggy, but thanks for a dose of rational clarity, Sal. Congratulations on your academic award.
Always great to get the real facts. Thanks Sal. Reign of tech bro billionaires won't be good for anyone.
Except for the tech bros themselves. musk has literal access to the US Treasury - that sounds like a great idea, doesn't it? Nothing like a little conflict of interest to get the kleptocratic juices flowing...
@@davidg3944 Yep i'm afraid so. Tyranny of greed perfected. Tragic. All this amazing knowledge and tech. There's plenty of everything to go round for everyone, but those in power just have to hoard it all. Nothing new in history for human behavior. I'm a free market capitalist, but we need a new path forward for all humanity. idk what or how. But this current state of the world isn't good for most regular folks.
@ I stand with you.
Let's see. Panama Canal drying up, Suez problems with pirates/missiles (may be decreasing, but will likely happen again), fuel prices will go up and shipping costs will go up, war with Canada (ha ha) will cause prices to go up, regular inflation will cause prices to go up again. Is there any hope for GOOD news? Thanks for keeping us updated.
That’s Señora Sheinbaum to you. 😊
Señora Presidente, you mean
I don't under stand how the USA not guarding it's border is Canada's or Mexico's issue? If the USA just put in place the people to guard it's border this would not be an issue. If there were people from the USA coming into Canada and they told the USA to stop them, I'm sure the USA would tell Canada to guard it's border....
If a neighbor keeps trying to come into your property you don’t get upset call the police? What a childish mindset.
Obviously, you aren't a geology buff but the Canadian border is kinda big.
@@carlpolen7437 But it's not your neighbour is it? It's some using your neighbour's property. And your neighbour might point out that bad stuff goes the other way too.
There are people coming into Canada from the U.S. It has slowed down a bit, but could increase again, depending on how Trump’s deportations go.
@ True, but We have not asked the USA to stop them, we added more people to stop them from crossing with out going through a crossing. Police your own border, or stop crying about it....
Great explanation of real world events. I appreciate your channel. ✌️
Economic coercion against trading partners, straight out of China’s playbook
Concise and to the point. Feel better soon.
Even Trump stopped pretending that drugs from Canada are an important issues. Sad to see you repeating not just stupid talking points, but stale stupid talking points.
Bab el-Mandeb, cheers Sal, get well soon!
15:51 hi Sal and congratulations!
That is false, Panama on its initiative and self interest approached the Biden Administration on July last year to start repatriating illegal migrants from Panama to their countries, these operations are going to be enhanced with the new US administration following Secretary Rubio’s comments from this morning. It was Presidents Mulino’s initiative for this to grow, but under the previous panamanian government Panamanians started registering illegal Darien jungle migrants going towards the US, the only migrants that can’t be repatriated but are still registered are Venezuelans since Panama broke diplomatic relations with Venezuela last July when Venezuelan democratic elections were rigged by the self imposed crooked government.
Panama is doing its part in fighting mass illegal migration coming from South America, this week Panama has detained 28 Iranians en route towards your country. (It’s public knowledge).
From Panama 🇵🇦
I'm glad they stopped putting them on planes and flying them to Mexico. That was pretty shady.
@ hi!
The base of Meteti in Darien has been used since last year for this, itll continue to do so and itll get enhanced with US tax money to accommodate for bigger planes for these operations. Today Secretary Rubio announced what our president Mulino said yesterday. Panama does not have diplomatic relations with Venezuela (that is something that the US will have to sort out) for Venezuelans to be repatriated from Panama. My country it’s doing its part! Ps: we were called today a “friend and ally of the US” by Secretary Rubio, Panama is doing this because our interests align with US and EU interests on tackling illegal operations taking advantage of our special geographic location.
Thanks for another clear video 👍👍👍
All are wrong, im right!
See the problem?
After all sanctions, manipulation, dumping, now tarifs?
And on neighbours?
Its the US owned companies for most in Canada and Mexico producing for US market.
This is budget blackhole paching, not a trade war. In long term its not good.
Thanks for the update Sal. Get well soon