Trump imposes tariffs on automobiles, Poilievre promises TFSA top-up, Veteran BC politician to run as independent

March 27, 2025 00:40:05
Trump imposes tariffs on automobiles, Poilievre promises TFSA top-up, Veteran BC politician to run as independent
Connect Newsroom
Trump imposes tariffs on automobiles, Poilievre promises TFSA top-up, Veteran BC politician to run as independent

Mar 27 2025 | 00:40:05

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Show Notes

In today's News Takeaway segment, Vijay Saini and Vasu Kumar discuss the latest developments impacting Canada and beyond. Trump has announced new tariffs on automobiles, which could have major consequences for the Canadian auto industry. Meanwhile, Conservative leader Pierre Poilievre is proposing a TFSA top-up to help Canadians save more. In BC politics, a veteran politician is breaking party lines to run as an independent.

Tune in for insights on these major stories and their implications.

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Episode Transcript

[00:00:01] Speaker A: And now News Takeaway. [00:00:11] Speaker B: Connect FM 91.5 News Takeaway segment. Good morning Vijay. [00:00:19] Speaker A: Good morning. Connect Null connect. [00:00:42] Speaker B: Correct. [00:01:28] Speaker A: It's really a very very a very very very very happy birthday to you. [00:01:32] Speaker B: Thank you brother. [00:01:33] Speaker A: Thank you. [00:01:37] Speaker B: Thank you brother. [00:01:38] Speaker A: Very happy birthday. [00:01:40] Speaker B: Thank you. Then I started looking into it because I believe it was someone's birthday. [00:02:40] Speaker A: Very nice. Happy birthday. Happy birthday. Thank you very much. [00:03:20] Speaker B: Thank you very much. Friend circle the members that we bought was Shukriya. It really means a lot thanks to you as well. Especially for not just between one birthday and the next birthday. [00:04:04] Speaker A: Thank you for making me a part of this brilliant this wonderful experience. I don't know we on here morning show this is Vijay Sani accommodate. I don't know this is not a natural arrangement but thank you Vijay. Thank you. [00:05:05] Speaker B: You are the diamond. [00:05:16] Speaker A: Thank you very much. [00:05:18] Speaker B: Thank you. Thank you very much. But now yesterday including Canada's vehicles clarifications what about those vehicles? Free Trade agreement USMCA. [00:06:53] Speaker A: We will start with 2.5% base rate of where we are at right now and we will move towards 25% so maybe 5% scale up Karthikar the phases which compliance Secretary USMCA compliant vehicles North America so parts North American or the origin compliant. [00:07:53] Speaker B: So. [00:07:53] Speaker A: Jedi USMCA compliant vehicles non compliant parts. [00:08:14] Speaker B: And especially USMC basically Canada Mexico it's almost like saying it's not easy to decipher to come to that final number. [00:09:11] Speaker A: Automobiles auto parts finished vehicles. Right, finished vehicles at a later date. So there is so much confusion Donald Trump further confusion. [00:09:42] Speaker B: US vehicle sales that was Mexico. [00:10:20] Speaker A: So 2.9 million million vehicles. [00:10:35] Speaker B: South Korea right now let's come to Canada Canada last year Canada automobiles Canada export oil after energy. [00:11:23] Speaker A: Billion US dollars so yeah Canada US auto import. [00:11:39] Speaker B: Automakers Canada directly automobile tariffs no Canada the opera economic Hamlakya Ajisago campaign trail event special committee U.S. canada relationship case meeting retaliation caretaker government. [00:12:19] Speaker A: Interestingly Donald Trump campaign announcement your ch on average border cross correct. Donald Trump tariff sector all Canadian all in Canada automobiles automobile network yeah all in Canada automobile manufacturing network. [00:13:26] Speaker B: Strategic fund the announcement specifically mentioned Canadians jobs impact automobile sector. So that happens yesterday in the morning about 24 hours ago later in the day late morning early afternoon Donald Trump Canada upper the European Union you will have something to the effect the strongest retaliation from the best friend you ever had. [00:14:25] Speaker A: So if EU so if European Union works with Canada in order to do economic harm to the USA large scale tariffs far larger than currently planned will be placed on them both in order to protect the best friend that each of those two countries has ever had each of those two countries has ever had. [00:15:19] Speaker B: Steel plant La Giga, Louisiana the Trump Navy Kasija manufacturing jobs multi billion dollar the investment the pledge Karande Bhavju they see special carve out yes yes. [00:16:26] Speaker A: That'S a future plan. [00:16:44] Speaker B: As compared to yesterday stocks one's in California, other ones in Texas Elon Musk for this reason almost at house level. [00:17:54] Speaker A: Inachi gravadarjakal WhatsApp the Aria recurring valid listeners this is from hold on Prabhalji Name one Canadian. [00:18:14] Speaker B: Car manufacturer Exactly Yeah so Ford, General Motors Stellantis Honda Right. [00:18:50] Speaker A: Yeah Bakit Sara Yulapna American car companies Correct One of the plants. [00:18:59] Speaker B: South Korean brand Chinese brands. [00:19:16] Speaker A: Yeah Canadian brand. [00:19:47] Speaker B: Copyright infiltration business model trump card so to say in the 90s important case studies Nepal fall after fall after fall Technology related see BlackBerry. [00:20:27] Speaker A: Yeah politicians election workers who protect Karna workers who protect Karna workers. [00:20:38] Speaker B: Yeah. [00:20:57] Speaker A: Money lender We need to grow out of IT businesses. [00:21:17] Speaker B: And we know. [00:21:34] Speaker A: Profit generate yes that's not a good thing Legal framework. [00:22:16] Speaker B: Every payoff has a trade off course campaign mode governing mode There was something that he said about his products and the type of people who we are those products. [00:23:11] Speaker A: Villainize. [00:23:12] Speaker B: Karnosanu so Ethno Galhogi Jenna Bandani Pasikmai Villa Kota Vipariyani of course elitist word. [00:24:24] Speaker A: There'S no limit. [00:24:38] Speaker B: 15 seconds. [00:24:45] Speaker A: Is not nice human being we need to keep it to ourselves. [00:25:00] Speaker B: Yeah I think some of the stuff that he said Acha Trangiping Kabata. [00:25:57] Speaker A: Rainy with a chance of meatballs animation. [00:26:04] Speaker B: Thank you very much We've already talked about Mark Carney election campaign events U.S. canada Relations Committee members Donald Trump. [00:26:30] Speaker A: A response will happen soon. [00:26:43] Speaker B: Discuss where now is it the right time Donald Trump okay as of now Canada at this stage. [00:27:07] Speaker A: He expects to talk to Trump soon. [00:27:26] Speaker B: That'S a very low bar Sovereignty new Canada the sovereignty new respect. [00:27:39] Speaker A: Away Donald Trump the mark Cardinal so we'll see he expects to talk to Trump Knock it off Stop threatening Canada with tariffs Stop talking about our sovereignty House of Commons. [00:28:44] Speaker B: Correct. [00:28:47] Speaker A: So I still remember. [00:29:56] Speaker B: Of course Conservative supporter Liberal they've got their back against the wall this week. [00:30:29] Speaker A: But I'm not going to give up I'm a fighter so Donald Trump. [00:31:06] Speaker B: About TFSA that is $7,000 of course contribution room at TFS top up introduce Karangay investment Canadian companies. [00:31:48] Speaker A: So Canadian companies Canadian jobs additional per year invest contribute so as it is Canadian companies tax system Canadian investment the Canadian companies the definition Canadian companies Canadian investment Canadian investment no Canadian jobs no support. [00:33:01] Speaker B: For people to get in to the venue automobile decisive action campaign important party nomination the entry Conservative Party for some reason nomination. [00:35:19] Speaker A: Independent election Independent MP Bana Chande Mike Deong so Abbotsford South Langley Umid Varidai Lahan Karta so Batar independent to election Ladang Conservative Party of Canada A bizarre decision in the very last minute unanimous recommendations local riding association Conservative Party Local riding association without explanation who lacks any of the qualifications necessary to provide effective representation to the community so Donald Trump trade war economically and geographically as well on their behalf fiscally responsible government deficits but never say never addiction treatment instead of free drugs Pharaoh public safety crisis no address Karangay Canadian military new strength and Karangay Canadian economy new strength and Karangay. [00:38:01] Speaker B: Political spectrum. [00:38:07] Speaker A: Of. [00:38:07] Speaker B: Course providing treatment and addicted for addicted citizens instead of free drugs Conservative Party Canadian federal Independent MPS overall Mike Dijong is a very high profile candidate House of Commons deciding as of now House of Commons the composition high profile politician independent Conservatives Liberal Party and I believe. [00:40:04] Speaker A: I think all of them. [00:40:25] Speaker B: For various reasons yes Independent independent Thank you very much thank you.

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