Trump reverses tariffs on Canada, China imposes tariffs on US.

[00:00:01] Speaker A: And now News Takeaway. [00:00:20] Speaker B: Connect FM 91.5 News Takeaway segment Good morning Vijayji Good. [00:00:30] Speaker A: Morning Connect Nal Connect Connect Road conditions they are very icy they are very slippery they are very dicey. [00:00:57] Speaker B: I see dicey it could be very pricey Contract Ontario high speed Internet Pradhan currently saw million the contract Microsoft Word Yafatusira kasi tajas. [00:02:29] Speaker A: With Donald Trump again characteristics. [00:02:50] Speaker B: Oh character Kirk give us text page on. [00:02:52] Speaker A: The. [00:02:55] Speaker B: Recordings. [00:03:20] Speaker A: News takeaway segment we really have a nice day. [00:03:28] Speaker B: Economy international stage they reason stock market the sell off see okay Donald Trump stock market the stock market the investors sell off the kanumilaya world over even American stock market which we New York stock exchange index was that the reason Trump Justin Trudeau social media post By Saturday around 1:45 1:46pm Officially confirmed drones helicopters technology the personnel border Canada USA border deploy security personnel. [00:06:07] Speaker A: They are and they will be 10,000 frontline personnel are and will be working on protecting the border so in the same way Mexican troops. [00:06:50] Speaker B: So we. [00:06:50] Speaker A: Saw in fact Mexico Vale Vadakaran Biden administration frontline personnel. [00:07:22] Speaker B: Border security force Right. [00:07:32] Speaker A: Correct So most likely. [00:07:39] Speaker B: American context Exactly scope of responsibilities. [00:08:21] Speaker A: Yeah so Ida credit Daniel Smith Lareni and to her credit Daniel Smith Daniel Smith Washington Daniel Smith diplomacy but to her credit response which post so this is new marketing Daniel Smith premiers. [00:10:02] Speaker B: Don't. [00:10:02] Speaker A: Poke the bear don't poke the bear Trump to Katra Donald Trump so Daniel Smith people are very nationalistic and patriot. [00:11:06] Speaker B: You cross the border. [00:11:22] Speaker A: Well meaning listeners they mean well. [00:11:53] Speaker B: Versus extreme nationalism Extreme nationalism. Extreme nationalism. We've seen that and we've seen that over and over and over again. [00:12:06] Speaker A: Yeah so by Canadian like maple leaf Lagao saraku Yes. [00:12:26] Speaker B: So that's don't get carried away. Yeah don't get carried away. [00:12:28] Speaker A: Coming back to the point sorry my word. [00:12:52] Speaker B: Has to be within the next 30 days the sooner the better I guess Donald Trump Canada overall Canada which fentanyl production so this could be beneficial Even Canada Canada US Joint Strike Force I believe Dominic LeBlanc. [00:14:27] Speaker A: To deal with organized crime and fentanyl it's being backed up with $200 million from Canadians. [00:14:47] Speaker B: Terrorist organization organization law enforcement agencies particular organization. [00:15:26] Speaker A: Donald Trump. [00:15:56] Speaker B: WhatsApp the message David McGinty is a public safety minister isn't he in charge of border as well So a lot of changes were made Dominic LeBlanc Finance Minister. [00:16:18] Speaker A: Negotiations with Dominic Leblanc he lead which was very obvious primarily Dominic LeBlanc the Melanie Jolie Nahi but then she left the cabinet so. [00:16:52] Speaker B: And that's the reason for it. What are the things to learn out of this? It is not going to be a win win situation. [00:17:51] Speaker A: Doug Ford new trip cancel Jiri Sabakti Apagal Kara Lessons diversify Karnapana. [00:18:45] Speaker B: Jude Jude. [00:18:46] Speaker A: Got parajay so Ohigalaki Kabir KE do. [00:19:04] Speaker B: Shakespeare Nikka what's in a name so Sariya David. You never know. Aggressive action. So yes, diversification is very important. [00:19:30] Speaker A: So diversify trade partners. But start acting on it. Acting theater Ali acting interprovincial trader. Now let's hope they walk the talk. [00:20:19] Speaker B: It's a wake up call. [00:20:20] Speaker A: Now it's a wake up call. As Pierre Paul said. Pipelines, the refineries, energy security, political narrative Pipelines. [00:21:07] Speaker B: If you. [00:21:08] Speaker A: If you promise something, then do it. [00:21:09] Speaker B: You have to find out a way all the way completion. [00:21:16] Speaker A: Border and port security. [00:21:50] Speaker B: There was enough restraint but there was also enough preparation. [00:22:27] Speaker A: Billion dollar. [00:22:32] Speaker B: Correct. 98.6% of the containers success rate. Your chances of success are 98.6% criminal organizations 98.6% success rate. Entry points, containers. [00:23:54] Speaker A: Jurisdiction, workers. [00:24:04] Speaker B: Two way. [00:24:04] Speaker A: Problem Eastern ports the main problem I think Donald Trump and Josan Lagda Badakata. [00:25:10] Speaker B: It's a wake up call Million barrels per day so German chancellor Canadian natural gas. Those are all good opportunities. [00:26:17] Speaker A: China US the lng. [00:26:24] Speaker B: Oh right. [00:26:25] Speaker A: So China, Australia, Indonesia, Malaysia, Qatar LNG import Kardeni total China yeah so China the State Council statement tariff Lagi oil agricultural machinery so announcement export controls e.g. energy exports quick control anti monopoly investigation trigger Google Maps Android Android bought. [00:28:10] Speaker B: So. [00:28:10] Speaker A: Google anti monopoly investigation plus so PVH which is the owner of Calvin Klein and Tommy Hilfiger company they collab PVH they collapse blacklist Xinjiang region cotton. [00:28:45] Speaker B: Biotech company Illumina. [00:28:50] Speaker A: They are guilty of discriminatory discriminatory measures against Chinese enterprises. Yeah so Canada sorry US initial tariffs they oh already exports. [00:29:36] Speaker B: Canadian oil the context Canadian oil tariff Canadian dollar percent price down they're heaving a sigh of relief. Bourbon, whiskey single entity Ontario liquor control, border garage. [00:30:43] Speaker A: Convenience stores. [00:30:57] Speaker B: Political issues Now. [00:30:59] Speaker A: Coming back to China. Interesting. China the case Canada the case European Union China the trading partner Unilateral trade EU is next so free trade multilateralism. We are the new America Basically Muscle flex Kirk supply chains friend shoring supply chains. [00:33:38] Speaker B: Holding rip gaze goes right back to this thing. Domestic manufacturing capability Airport suitcase ready supplier American establishment. [00:34:26] Speaker A: Domestic production French shoring Canada Mexico. [00:34:37] Speaker B: Covid was five years ago that was about three years ago. Manufacturing capacity develop currently federal government subsidies vaccine manufacturing, pharmaceutical manufacturing. Nothing has come of it. [00:35:07] Speaker A: Millions of dollars were spent. [00:35:14] Speaker B: Subsidies, tax incentives electric vehicle manufacturing, battery manufacturing plants Especially given this new environment. John Wright I think last name writer so electric vehicle manufacturing supply chains. [00:36:05] Speaker A: We are trying to pull something out of thin air Natural resources oil and gas Natural gas oil to see Balna Shuru Karde don't do that. Okay. Environment protect Start with natural gas. Natural gas pipelines but third world countries natural gas Canadian warming. [00:37:03] Speaker B: Yes. [00:37:03] Speaker A: So this is global warming. It's a win win. Why can't we do that? [00:37:26] Speaker B: Equalization payments the bara billion dollar revenue resources the revenue oh Alberta the oil and gas Atlantic Canada refineries as a part of equalization payments. [00:38:17] Speaker A: Asia Pacific region. [00:38:22] Speaker B: And a lot of those economies are growing economies they have this appetite for energy geopolitical reason Asian economies that's a. [00:38:48] Speaker A: Very good market LNG import Kard primarily from where? Australia. Australia. Australia Third world Australia Middle Eastern country Australia Sada ideological Sada trading Sadhatrana partner Five Eyes alliance the member Australia. [00:39:15] Speaker B: Correct again. Goes back to that Australia when you are the dominant player and it's high time now. Yeah, it is high time now. That's bilkul Exactly. Situation Liberal Party the leadership raised Leadership raised conservative stance. [00:41:26] Speaker A: Donald Trump said politicians we are holding them putting them on hold. [00:42:02] Speaker B: Thus billion the deficit already. Yes. [00:42:11] Speaker A: Donald Trump priorities. [00:42:18] Speaker B: Budget manager we were coming through a surplus budget surplus. [00:42:54] Speaker A: There. [00:42:55] Speaker B: Is no wiggle room Finance department. [00:43:16] Speaker A: British Colombians Otherwise what changed? So Donald Trump happened. [00:44:15] Speaker B: Correct? [00:44:28] Speaker A: Yes Politicians is threat no Tora ja exaggerate but we Daniel Smith that we need to de escalate the rhetoric. Let sleeping dogs lie Energy infrastructure Mexico export terminal trading partners. [00:45:45] Speaker B: Exactly. That's the problem Canadian economy per capita gdp. [00:46:51] Speaker A: Yeah. Financial assistance, military assistance even Ukraine for Donald Trump. [00:48:22] Speaker B: Again I'll go back to that same point. Maybe Donald Trump convinced stock market that sell off. Maybe. [00:48:38] Speaker A: But Vijay was that not to be expected? [00:48:41] Speaker B: That was to be Donald Trump he. [00:48:45] Speaker A: Just wanted a selling point something marketable Fentanyl czar slogan Americans. [00:49:00] Speaker B: And that's what he's got. [00:49:01] Speaker A: That's what he wanted and he got it. [00:49:07] Speaker B: And I want to highlight this pipeline. Which pipeline? Which? Why don't we go towards words Energy east pipeline Port of Thunder Bay, Ontario viable option. It is a large port shipping potash to Europe and can be developed for gas exports as well. [00:49:31] Speaker A: Right. [00:49:31] Speaker B: So East Alipase. [00:49:34] Speaker A: Yes, Donald Trump. [00:50:25] Speaker B: We have to be a party to the conversation. [00:50:33] Speaker A: Again Middle East, China. [00:50:41] Speaker B: What'S up? Let's just. Let's just make it very clear. When Stephen Harper and conservatives were in power for 10 years conservatives were in power in Alberta for 43 years Campbell's Campbell's conservatives in power for BC for 16 years did they expand any pipeline for a length of even a single inch? So they code overall Canada. That's what it is multi trillion dollar management. So it is not it is more about properly developed. [00:52:19] Speaker A: For a talk show host to say something like that. It was a little aggressive. We saw Pandra Sola Covid19 Liberal Party Justin political spectrum economy correct as a country. [00:53:24] Speaker B: Conversation partisan conversation Canada policy implement unfortunate for whatever reasons political reasons, social reasons based on certain narratives. [00:54:48] Speaker A: Take it with a pinch of salt. [00:54:52] Speaker B: We said. [00:54:52] Speaker A: Yesterday. [00:54:55] Speaker B: Yes yeah, so whatever man Parbat Mehrbani Jerry Galbata conversation Horan Rich Khadiya so at the end of it all verbanitali thank you. Keep those messages coming so that Jedaki Mandev clear Hondaravi so Betharanda Correct. Exactly. [00:55:29] Speaker A: Thank you Vijay.