Tariff chaos continues, Provinces take steps to break interprovincial trade barriers.

[00:00:01] Speaker A: And now News Takeaway. [00:00:14] Speaker B: Connect FM 91.5 News Takeaway segment. [00:00:21] Speaker A: Good morning Vijayji Good morning Connect Null connect yeah but same. [00:00:37] Speaker B: Here degrees Celsius temperature during the day starting tomorrow late afternoon weather forecast you never know Donald Trump Donald Trump Donald Trump's son JD Vansante Howard Latnick Donald Trump the Commerce Secretary Donald Trump meeting in the middle Canada stands on all or nothing Donald Trump retaliation J Canada USMC AJD Viso V they which negotiate Kirk agreement Mutabak the Bharat owns trade deal Canadian retaliation. [00:02:52] Speaker A: All or nothing colorful but substantive can their phone call colorful Donald Trump. [00:04:15] Speaker B: Chronology and I think. [00:04:32] Speaker A: So Chronology chronology Donald Trump phone call so automakers Stellantis GM4 Donald Trump it's open to interpretation so supply chains Canada which assemble auto parts Canada which manufacturers USMCA they threw so they're coming through USMCA Caroline Levitt White House the press secretary set of Apna Co. Manufacturing Canada move Karlo. [00:05:54] Speaker B: Manufacturing move Exactly auto sector Auto manufacturing plants over the years specialized labor Specialized labor overnight or within a matter of one month aged auto manufacturers interesting takes they are twice as twice more likely to identify as Republicans so Donald Trump overall ripple effect one month is not enough of a time Auto sector uncertainty that is even worse than any kind of a decision. [00:07:57] Speaker A: Tariffs this is in line with the discussions we've been having so Donald Trump. [00:08:49] Speaker B: So basically reciprocal tariffs steel and aluminum auto sector. [00:09:25] Speaker A: In first place they were not practical yes political leaders foreign leaders American business leaders. [00:09:50] Speaker B: Despite of the reprieve Canadian jobs oh that's very real already investment honey hirings production They've already put those on a pause. [00:10:49] Speaker A: Manufacturing alternatives Correct Problem has. [00:11:39] Speaker B: Natural resources. [00:11:53] Speaker A: Company. [00:12:01] Speaker B: Correct Yes British Columbia the presentation. [00:12:53] Speaker A: So Atlantica Pacifica yes coast to coast to coast passage yes east, west. [00:13:19] Speaker B: And especially J in the background at least. [00:13:49] Speaker A: Correct. [00:13:58] Speaker B: Business leaders Donald Trump Canadian sub this is worse than tariffs yeah. [00:15:14] Speaker A: Coronal Lok Chanta. [00:15:31] Speaker B: Somebody that we both know everyone is Jack's friend but we know somebody we do both of us do. [00:16:10] Speaker A: Interprovincial trade barriers. [00:16:18] Speaker B: First ministers the meeting Prince Edward Island Newfoundland and Labrador. [00:16:32] Speaker A: In few weeks Daniel Smith press conference Alberta the craft beer which is fine with me so where is that liquor? Where did it go? How does it work? Those are billion dollar economy interprovincial trade barriers yes. [00:18:38] Speaker B: Committee on internal Trade labor market Canada wide credential recognition plan Regulated profession foreign qualified professionals Canada wide credential recognition program internal trade remember yes he had been saying for the last couple of years Canada wide Estran the recognition like a registration like professional Canadian licensed Professional. [00:20:33] Speaker A: Under the table on the table under the table. [00:20:45] Speaker B: Liquor goes back to storage and stays over there that's the only place where they can decide either to discard or keep and there are only couple of storage areas and are controlled highly controlled. [00:21:19] Speaker A: So a scheme I drive truck to USA duty free American liquor Yes. [00:22:08] Speaker B: Basically daily exemptions. [00:22:37] Speaker A: Interesting Donald Trump administration off top of my head from these tariffs. [00:23:41] Speaker B: Yeah well packages so the rule waves import duty for small packages valued at less than 800 shipped into the US thankfully you're right what am I talking about 800 becomes like 930 something Canadian dollars yeah yeah. [00:24:36] Speaker A: That'S all right. [00:24:39] Speaker B: Sorry to the point that you were making before the break Hindsight is always 2020 Premier David Energy dependence specifically electricity the independence Pacific Northwest Columbia Basin Bonville Power British Columbia overall Pacific Northwest the power grid. [00:26:00] Speaker A: Contingency plan. [00:27:49] Speaker B: Business leaders Donald Trump Canada 51st state banana legal that's a real thing Foreign Affairs Minister. [00:28:23] Speaker A: Yeah psychodrama chaldria we need to need to find a way to stop this psychodrama so Donald Trump policy so basically Canadian businesses this needs to stop. [00:28:57] Speaker B: So economic warfare social media economic terrorism Donald Trump Foreign investments National security review Kitajanda Security Economic security. [00:29:36] Speaker A: So if rules did a change guidelines if foreign investment Canada investment Foreign direct investment national security review Security review. [00:30:12] Speaker B: Chinese company investments critical minerals that was all about the national security review of a foreign investment deal Hostile takeover. [00:31:19] Speaker A: Canadian company so foreign investment guidelines Justin Trudon Canadian companies foreign investment it has the potential so the potential of the investment to undermine Canada's economic security Economic security Foreign investment Canadian economic security review national security review we need to tread very carefully Foreign investment Canadian economy foreign investment FDI Foreign direct investment Germany China FDI billion dollar so the. [00:32:47] Speaker B: Kriban more than three times of the. [00:32:49] Speaker A: Next four next four combined foreign investment but yes we need to place in some protections for our companies so but we need to strike a BAL which we need to tread very carefully. [00:33:20] Speaker B: Hostile takeovers because of this environment. [00:33:54] Speaker A: But is Rudivia national security. [00:34:00] Speaker B: Donald Trump American farmers know financial packages industries handouts overall JD productivity competitiveness. [00:34:51] Speaker A: This is very interesting you bring it up Support packages direct supports businesses short term businesses but at the same time expectation in the medium term manufacturing changes and they will become more productive in the medium term so supports then yes we need to support our business in the very short term but investment loans manufacturing processes. [00:36:40] Speaker B: Purpose. [00:36:44] Speaker A: Capital investment Honeychai operational Nahoni correct consumption expenditure. [00:37:04] Speaker B: Again I think important bank of Canada. [00:37:30] Speaker A: Individuals Canadians disposable income temporarily artificially inflate yes consumption expenditure so Canadians household spending market demand economic recovery income household saving but that was artificially inflated Corrects the naati but we took it a little too far Checks and balances they were not. [00:38:11] Speaker B: In place. [00:38:18] Speaker A: Artificial income inflate Canadians you know when reality strikes productivity, manufacturing, natural resources. [00:38:38] Speaker B: Yes Canada the population actually Canada beneath the surface recession domestic JD. [00:39:01] Speaker A: Correct drive throughs temporary jobs, seasonal jobs manufacturing jobs career oriented jobs hospitality sector. [00:39:51] Speaker B: They could no doubt real estate industry through its various trades and criticism economists example economic input investment other than the increase in value of the asset yes. [00:41:23] Speaker A: Member. [00:41:23] Speaker B: Eligible Liberal Party the leadership raised concern is verification process Liberal Party voting online verification process Canada Postnal Kitios collaboration Liberal Party. [00:42:34] Speaker A: Electronic voter ID so electronic voter ID verify Karo online Jake confirm status as an eligible voter Jeff Fair to see confirm identity no Canada Post the identity plus app Jafir Canada Post the physical location online so can they be they are very passionate about democracy they are very passionate about the Liberal Party Liberal Party the ticketed members they do want to vote digital process not everyone is so tech savvy I know personally we don't we opt out of it this kind of a lifestyle electronically, digitally and on top of that magnetic strip. [00:43:56] Speaker B: Read magnetic strip. [00:44:01] Speaker A: We are facing hurdles. This means our system is working. [00:44:16] Speaker B: So can they because of the rigidity of the system. [00:44:51] Speaker A: So are they implying foreign agents Speaking. [00:45:00] Speaker B: Of foreign interference Security agency Cyber agency Federal election China, Russia, Iran Artificial intelligence Canadian elections. [00:45:22] Speaker A: Wow. That's news. [00:45:23] Speaker B: That's news. [00:45:28] Speaker A: Thank you. [00:45:38] Speaker B: They love the references Mr. Vasu uses. He sounds very passionate about his job and getting the right information out there for his listeners. [00:45:46] Speaker A: Thank you. [00:45:48] Speaker B: Yes, very passionate about his job and very very very careful. [00:45:55] Speaker A: And likewise for Vijay as well. And thank you to cstar Maya. Thank you so much. Thank you. [00:46:05] Speaker B: Thank you. Urjada Tonic. [00:46:11] Speaker A: Mr. Basulika It's V. It's V as Vancouver. V as Vijay. [00:46:17] Speaker B: V as Vasu. [00:46:20] Speaker A: Thank you very much Vijay.