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The USMCA is a good deal, but the speaker had a bad relationship with a person who worked for Trudeau's predecessor because they disagreed on the deal. The speaker claims to have called Trudeau "governor Trudeau," which may have hurt his election. The speaker questioned Trudeau about why the US was taking Canada's cars and suggested a 25% tariff on Canadian cars, to which Trudeau allegedly responded that it would mean the end of Canada. The speaker finds it hard to justify subsidizing Canada, potentially to the tune of $200 billion a year, while the US protects Canada militarily. The speaker believes it's hard for the American taxpayer to be happy about subsidizing Canada.

Christopher Leland suggested that Canada should prepare a substantial retaliation list in response to potential tariffs from Donald Trump, proposing a figure of $200 billion as a starting point for consultation. She emphasized the need for immediate action, arguing that American politicians prioritize their own interests over Canadian concerns. Leland expressed a desire for American workers, like Wisconsin dairy farmers and Michigan manufacturers, to recognize the impact of tariffs on their businesses. She noted that Canada has unique economic leverage over the U.S. Despite her points, the discussion highlighted skepticism about her understanding of the situation and a call for a change in Canadian leadership, asserting that current politicians do not represent true Canadian interests. The speaker urged Canadians to prioritize their families and future generations.

President Trump is prioritizing America by implementing reciprocal tariffs, a concept with bipartisan support. Trump aims to reverse decades of being the "world's ATM," referencing his 1988 concerns about trade imbalances with Japan and other countries not paying their fair share. The US has become overly reliant on adversaries like China, even for essential items like pharmaceuticals. Between 2020 and 2022, US imports of China-based pharmaceuticals grew by 485%. China now owns the American generic drug supply. Trump is implementing discounted reciprocal tariffs, charging China half of what they charge the US. Critics predict economic disaster, but Trump supporters argue these tariffs are essential for long-term independence and are already incentivizing investment in American factories. Critics accuse Trump of promising to lower the high cost of living, but now, quote, crashing the economy. Countering claims that Trump will cut Social Security, supporters say he explicitly stated he would not. The speaker claims the media lies about Trump, while Americans support his actions.

According to Speaker 0, Canada's new prime minister threatened to seize capital from companies not advancing Canada's climate agenda. Speaker 1 stated the goal is for every financial decision to consider climate change, backing companies that are part of the solution and taking capital away from those who are part of the problem. Speaker 0 claims the prime minister is a fan of censorship and threatened American social media platforms, referencing a statement by Speaker 1 that large American online platforms have become seas of hate and are being used by criminals to harm children, and that his government will act. Speaker 0 asserts there is no free speech in Canada and that the prime minister wants to ban social media platforms, shut down dissent, and use the climate crisis as an excuse to steal from businesses and control their means of production. Speaker 0 concludes that while the friendship between the US and Canada will continue, the "free ride" is over.

President Trump spoke with Canadian Prime Minister Mark Carney, who described it as an extremely productive call. This occurred after Carney criticized Trump's tariffs, promising retaliatory trade actions with maximum impact in the US. A commentator stated that Carney is stirring up anti-US rhetoric to stay in power, as his party devastated Canada's economy. He added that Carney is a global elitist and supporter of carbon taxes. According to the commentator, this anti-American rhetoric will disappear after the election, leading to NAFTA three negotiations. He noted Senator Kennedy's argument for zero tariffs between the US and Canada. Reciprocal tariffs are set to begin, causing market nervousness. The commentator believes this is the start of a negotiation, as 17 US states' largest trading partner is Canada, and 75% of Canadian output is purchased by Americans. He stated that it would be stupid for the countries to go to war and that there should be no tariffs on the 49th Parallel.

Canada has been charging the United States tariffs for years, including a 270% tariff on milk, 245% on cheese, and nearly 300% on butter. There are also tariffs on chicken, sausages, barley seed, meat, cars, HVAC, vacuums, cable boxes, TVs, steel, aluminum, and copper. Now that the United States wants to impose tariffs, suddenly we're the bad guys. The United States is tired of one-sided relationships where Canada benefits without offering fair trade in return. Canada is draining billions from the United States. Before criticizing President Trump, Canada should consider how much they've taken from the United States. Without America, Canada's economy would plummet.

Speaker 1 asserts that Trudeau destroyed Canada economically, socially, and culturally, particularly through authoritarian COVID-19 measures and vaccine passports. Speaker 1 regrets not being vaccinated, calling it the best decision of their life. Speaker 0 suggests Trudeau systematically destroyed Canada, possibly on purpose, through actions like the MAIDS program. Speaker 1 claims Trudeau is a socialist and globalist who doubled Canada's debt in ten years, reaching $1.2 trillion. Mass immigration, combined with multiculturalism, has led to societal fragmentation and a decline in GDP per capita. Speaker 0 questions why Trudeau isn't in jail for these actions. Speaker 1 advocates for an inquiry into COVID-19 policies and a moratorium on immigration and mRNA vaccines. They criticize current political leaders for pandering to ethnic communities and supporting policies detrimental to Canadians. Speaker 1 states that Canada's democratic system does not produce democratic results. They claim globalists are destroying western countries like Canada by pushing mass immigration. Speaker 1 criticizes both Trudeau's Liberal party and the Conservative party leader, Pierre Polyyev, for similar policies on tariffs, immigration, and climate change. They accuse them of prioritizing foreign interests over Canadian citizens. Speaker 1 expresses concern over Chinese interference in Canadian elections and the presence of disloyal members of parliament. They advocate for a moratorium on immigration, citing strains on infrastructure and the economy. Speaker 1 says Canada has no gold reserves.

Speaker 1 states that a deal with Canada is not being held up, but rather, there are different concepts being considered. Speaker 1 favors tariffs because they are simple, easy, and precise. Mark has a more complex, but also very good, idea. They are going to consider both concepts. Speaker 1 believes a deal is achievable if both parties agree.

You are imposing tariffs on regular Americans, and we will respond. Canada is a crucial market for U.S. exporters, larger than China, Japan, the UK, and France combined. The anger in Canada is palpable, with the entire country rallying behind Prime Minister Trudeau. The tariffs are higher than those against China, which feels like a betrayal to a loyal ally. The justification regarding fentanyl and border security is flimsy, as only a tiny fraction of fentanyl comes from Canada. Canadians are proud of their sovereignty and will retaliate against these unjustified measures. The relationship between our countries has historically been beneficial, and we want to maintain that partnership. The current situation is seen as self-harm for America, and Canadians are uniting in support of their government.

Check out these insane tariffs that Canada imposed on the US last year: 250% for milk, 291% for butter, and over 200% for whey and cheese. Meanwhile, we charged them far less for the same goods. Since Trump announced tariffs, everyone suddenly became an economics expert. I don't know how tariffs will affect the economy, and neither does anyone else. But I do know tariffs led Apple to build a new factory and hire 20,000 Americans. Honda is building Civics here instead of Mexico. Taiwan Semiconductor is investing $100 billion to build five chip factories in the US. Tariffs pressure China, Mexico, and Canada to stop the flow of fentanyl. Tariffs are one tactic in an economic strategy. Are we willing to tolerate short-term disruption for long-term gain? Macroeconomics are complicated and take time to play out. Are you listening to people who want the President to fail, even if it hurts America?

Speaker 0 states that Donald Trump is in retreat due to opposition to his tariff policies, which are described as chaotic and damaging to the economy. These policies are said to discourage spending due to their unpredictability and harm American families. Speaker 1 claims tariffs send a message to China that their unfair trade policies must end and that failure to reform will have dramatic consequences. The speaker asserts China has a large and growing trade surplus with the U.S., partly due to free trade rules, but largely because China doesn't play fair by restricting access to their markets and not preventing the theft of intellectual property.

Tariffs imposed by the Trump administration are unjustified, as only about 0.2% of fentanyl entering the U.S. comes from Canada. If border security were the real concern, it could be easily addressed. Canada is also focused on stopping illegal U.S. guns that contribute to violence in Canada and is open to collaborating on asylum seeker issues. However, the president's comments about Canadian sovereignty, suggesting that becoming the 51st state would eliminate tariffs, have angered Canadians. They value their sovereignty and are committed to standing up against these tariffs, emphasizing their desire to maintain a strong partnership with the U.S. while being proud of their national identity.

Speaker 0 argues that forming a closer economic union between Canada and the United States would create a strong economic force and notes that removing the artificially drawn border line would be beneficial. They also claim that such integration would be better for national security, stating that “we basically protect Canada.” Speaker 1 counters with several possibilities: the United States and Canada may become one, which would simplify border controls; or Canada might retain its hydropower, which could create an energy problem in the United States. They also reference a broader belief: “Now we all know that Trump wants to take Canada and Greenland.”

President Trump mentioned expanding the U.S. footprint, and it started when Trudeau said that evening out the trade relationship would mean Canada would cease to exist as a country. The President responded that if Canada can't exist without cheating in trade, then it should become a state. Canada is our friend and partner, but for decades, the U.S. allowed uneven trade imbalances. During the Cold War, we wanted countries to be strong economically, even if they were cheating. But these are rich, developed economies now. Whatever they charge us, we should charge them. If they don't allow American companies to operate, we shouldn't allow their companies here. American banks can't even operate in Canada. There has to be reciprocity and fairness. The days where countries take advantage of us have to end because it's not good for the global order and creates friction. This is the case with Canada and other allies.

Catherine questions the economic impact of the situation, noting that if tariffs were implemented, they would hurt American consumers. Scott dismisses this, suggesting that everything is fine and that Trump is effectively managing the situation. He argues that other countries need to assist the U.S. more, especially regarding border issues. Catherine counters that these countries are already doing what they’ve been doing. Scott insists that families affected by fentanyl should recognize the lack of support. The conversation highlights differing views on the effectiveness of current policies and the perceived need for further action from allies.

Speaker 0 states this is the most important election in most of their lifetimes. They claim Trump has made unacceptable threats against the economy, workers, and sovereignty. They believe a particular leader can address these issues and needs support. Speaker 1 accuses Catherine McKenna of losing track of 20,000 contracts worth $236,000,000,000, which they claim is why she is no longer in parliament. Speaker 1 repeats the accusation and insults Speaker 0. Speaker 1 continues to harass Catherine, repeating the $236,000,000,000 figure and using abusive language. Speaker 1 then states that everyone is "fucking retarded."

Speaker 0 questions why Australia was "whacked with a tariff" despite a free trade agreement and a trade surplus, especially considering their importance as a national security partner. Speaker 1 states they are addressing the $1.2 trillion deficit left by President Biden. They claim Australia bans US beef and pork and is preparing measures against US digital companies. Speaker 1 says there is a global tariff on everything. Speaker 0 argues that "whacking" both friends and foes undermines national security, insults Australia, and damages our partnership. Speaker 0 expresses concern about the lack of trust from friends and allies due to this policy, set to take effect at midnight.

If the US forces our hand, we will inflict the biggest trade blow they have ever endured with dollar-for-dollar retaliation. Any tariff imposed on Canada will be met with a smart and targeted response. The US tariffs are across the board and will hurt them. For example, aluminum is basically electricity in solid form, and imposing a 25% tariff on Canadian aluminum is like putting a 25% tax on electricity, which they need for the AI race with China. Our retaliation will be surgical, targeting American stakeholders who matter to the White House. I propose a 100% tariff on all Teslas and call on other affected countries to join us. We will also target specific Trump constituencies, like Wisconsin dairy farmers, by no longer allowing them to sell their products in Canada.

The speaker believes people are reacting hysterically to Trump's trade policies because they were taught that free trade is good, and tariffs are bad. Trump's perspective is that while free trade may improve GDP, it devastated parts of the US, costing people not just jobs, but their towns. The US is in the best position to negotiate trade because exports only comprise 11% of its GDP. If countries are rational, Canada and Mexico would concede to US demands, as 25% of their GDP comes from exports to the US. Europe is not much better, so they should also lower barriers. The wild card is politicians fearing job loss if they give in. The speaker acknowledges market pain but notes those who lost jobs are cheering. Trump is doing what he said he would do, fulfilling his promises.

Speaker 1 asserts that Trudeau destroyed Canada economically, socially, and culturally, particularly through authoritarian COVID-19 measures and vaccine passports. Speaker 1 regrets not being vaccinated, while Speaker 0 agrees. Speaker 0 claims Trudeau systematically destroyed Canada, possibly on purpose, citing the MAIDS program. Speaker 1 accuses Trudeau of being a socialist, globalist, and follower of the World Economic Forum, doubling Canada's debt in ten years. Speaker 1 blames mass immigration, promoted by Trudeau's multiculturalism policies, for declining GDP per capita and societal fragmentation. Speaker 0 questions why Trudeau isn't in jail for his actions. Speaker 1 calls for an inquiry into COVID-19 policies and a moratorium on immigration and mRNA vaccines. Speaker 1 criticizes current political leaders for pandering to ethnic communities and supporting mass immigration, echoing the "replacement doc theory." Speaker 1 claims the democratic system isn't producing democratic results and that the mainstream media cancels opposing viewpoints. Speaker 1 says globalists are anti-western, targeting majority white Christian countries. Speaker 1 accuses Carney and Polyyev of prioritizing foreigners over Canadians, and says they love power. Speaker 1 says Canada has Chinese interference in elections, with some MPs not loyal to the country. Speaker 1 says immigrants bring internal conflicts to Canada. Speaker 1 says Polyyev and Carney want to impose a carbon tax. Speaker 1 says Canada has no gold reserves.

The speaker states they are in dialogue with the prime minister and believes he is happy with how they treated them with tariffs. The speaker addresses foreign leaders, urging them to terminate their tariffs, drop barriers, and stop manipulating currencies, which they claim is devastating. They request these leaders buy tens of billions of dollars of American goods. The speaker asserts tariffs protect the country from economic harm and will lead to unprecedented growth, adding that this growth has already started.

There’s nothing that China, Canada, or Mexico can do tonight to prevent the tariffs from being implemented tomorrow. This is not a negotiating tool; it’s an economic decision due to significant trade deficits. Canada has a nearly $200 billion deficit with the U.S., and it’s unfair for the U.S. to subsidize Canada. Mexico has a $250 billion deficit, and while border crossings have decreased, the past administration allowed many criminals to enter the U.S. Fentanyl, primarily produced in China, is a major issue, with much of it coming through Mexico and Canada. Overall, these countries have not treated the U.S. fairly.

The speaker addresses potential retaliatory tariffs from Canada and others, stating that Canada cannot win a trade war with the U.S. According to the speaker, President Trump aims to level the playing field, claiming that Canadian leadership has unfairly disadvantaged American farmers and manufacturers for decades. The speaker asserts that the U.S. will reciprocate actions against its industries to protect American manufacturing and jobs. They state that the President intends to end America's role as the world's "piggy bank," alleging that other countries have exploited the U.S. by using it to absorb excess economic production, resulting in declining manufacturing jobs, lower middle-class wages, and hollowed-out towns. The speaker emphasizes the importance of rebuilding the American manufacturing sector for national security, advocating for American-made weaponry. They conclude that fighting back against unfair economic practices, even with allies, will lead to higher wages, more manufacturing, and greater economic security for Americans.