Trump tariffs impacting Canadian economy.

[00:00:02] Speaker A: And now News Takeaway. [00:00:16] Speaker B: Connect FM 91.5 News Takeaway segment Good morning Vijay. [00:00:25] Speaker A: Good morning Connect now connect. [00:01:05] Speaker B: There is another conversation, another phone call. So let's get back to the very basics Donald Trump executive order sign Canadian oil, natural gas, electricity so basic Donald Trump. [00:02:05] Speaker A: Yeah so Shanivar he Pardan press conference American products American goods American products. [00:03:18] Speaker B: So Canadian counterterrorism exemption. [00:03:49] Speaker A: Substitutable Canadian alternative consumer products substitutable Orange juice, wine, refrigerators, motorcycles, tobacco products mattresses guns, drones water heaters, hair dryers, vacuum cleaners Daisun Ali Tanghong military gear bombs, grenades, torpedoes, missiles. [00:04:28] Speaker B: I think so. I think so. You could be a company from anywhere in the world manufacturing product. [00:04:42] Speaker A: These are so complex the rules which value additional country of origin consider Kita Janda sector to sector. [00:04:58] Speaker B: Multiple times. [00:05:02] Speaker A: Partially assembled then that supersedes WTO fair sector to sector value addition for example country of origin. [00:05:55] Speaker B: That'S the country of origin. [00:06:01] Speaker A: American product Canadian product for example Canadian traders East Asia will they be considered under the. [00:06:14] Speaker B: Tariff threat page. [00:06:27] Speaker A: Sector to sector we. [00:06:28] Speaker B: Very sector to sector very Cardani auto sector. [00:07:03] Speaker A: Yes so. [00:07:06] Speaker B: Multiple tariff on the same product. [00:07:18] Speaker A: This is precisely what they talk about multiple times. [00:07:28] Speaker B: It'S almost like saying. [00:08:02] Speaker A: Tax free duty free Tax free. [00:08:04] Speaker B: Duty free Anyway always had this perception we American company England company manufacturing Southeast Asia I believe Malaysia Chandia staying on this topic of all this all this tariff stuff Technical briefing. [00:08:49] Speaker A: Breaking news Mexico the president Claudia Shane bomb Donald Trump so there is still hope There is still hope so tariffs delay a DWD breaking Mexico the president Claudia Shane bomb Trump has delayed tariffs on Latin American country for one month this is good news. [00:09:22] Speaker B: This is good news. This is good news Canada misinterpret Trump is executive order American families trade rules International emergency economic powers Act Border security border protection. [00:11:39] Speaker A: But Donald Trump truth social. [00:11:47] Speaker B: Round of taunting Canadian banking sector. [00:12:11] Speaker A: So it's only a negotiation this is a bargaining tactic for sure America Donald Trump Canada then this is good news but. [00:12:39] Speaker B: Remains to be seen Mexico what is it that they have committed to meeting opposition leaders Federal Green Party the leader in Elizabeth May Una Vallo Kitik social media post Rahih Jagmeet Singh Elizabeth May and Alik virtual meeting. [00:13:23] Speaker A: Yeah Press conference plan seven point plan Sanjakita so David E.B. navy a point plan and BC Conservative media releases you need to work on. [00:13:50] Speaker B: That. [00:13:53] Speaker A: But those points they don't add up Media team they need to really step up it sounds and reads so amateurish but the way you're putting it across it's so amateurish Political party There. [00:14:12] Speaker B: Are some press releases, type of language, flow of information. [00:14:45] Speaker A: Sometimes it's very hard to take them seriously. [00:14:52] Speaker B: Yes, yes. Coming back to this tariff WhatsApp the. [00:15:15] Speaker A: Message Canada Mexico percent with Donald Trump actually reason already boss Canada Mexico. [00:15:30] Speaker B: Because. [00:15:30] Speaker A: Of USMCA most of the products they get traded tariff free 0% tariff. [00:15:49] Speaker B: But. [00:15:49] Speaker A: Yes American administration. [00:16:10] Speaker B: You never know, man. [00:16:10] Speaker A: But Jovi if the Mexico news is. [00:16:13] Speaker B: Correct over the weekend Canadian ice hockey teams American national anthem retaliation. [00:16:52] Speaker A: This is probably the worst way possible to reignite patriotism in Canada. [00:17:12] Speaker B: I think this is that nationalism Extreme nationalism, world wars or extreme nationalism? [00:17:20] Speaker A: No, what I'm trying to say is. But Donald Trump that's what I'm saying. The catalyst, you know, it's the worst possible catalyst Patriotic. [00:17:42] Speaker B: Patriotism political rhetoric Canadian by Canadian instead. [00:18:19] Speaker A: CNBC confirmed Karta Mexican tariffs have been delayed by one year, one month One month. [00:18:45] Speaker B: Donald Trump overall business so Ikumi Nadin Alvi business certain environment three point plan local jobs the economy private sector projects identify total DAS projects permits expand a V billion dollar activity generate only V billion dollar the project A project mines renewable energy the natural gas the projects so renewable energy are a project NDP the government natural gas the project this is a sign of the times retaliatory measure the natural gas the projects permitting expand Kitia remote rural communities they will chase our jobs support Hongia markets. [00:21:19] Speaker A: Constituents we are taking some action we are not sleeping on the wheel BC made goods the COVID 19 village relief package Relief package so jurisdiction to their credit I'm just being too optimistic right now probably. [00:22:50] Speaker B: Canadian softwood Lumbara forestry sector specifically highlight forestry sectors which already jobs both impact on average already Canadian softwood lumber% linear duties Independent Wood Processors association of B.C. it's over and above the 14% Canadian softwood lumber Canadian softwood lumber Los Angeles area wildfires. [00:23:58] Speaker A: Multiple outlets why There is no reason we don't need anything they. [00:24:15] Speaker B: Have. [00:24:19] Speaker A: We have unlimited energy should make our own cars and have more lumber than we can ever use without this massive subsidy Canada ceases to exist as a viable country Harsh but true Therefore, Canada should become our cherished 51st state much lower taxes and far better military protection for the people of Canada and. [00:24:54] Speaker B: No tariffs yeah yeah so Canada new 51st state in fact opposition leaders this is now actually more about Canadian sovereignty Donald Trump Justin Trudeau another team the whore member Dominic LeBlanc and others Donald Trump about Canada even the 51st state reference and when I was thank God I was listening to his to his comment Love the people of Canada that's Not I don't agree with the governance. [00:26:18] Speaker A: He just needs an ego massage critical vent idea. So he needs a political win. So Sarkaran Donald Trump all he needs is a political win and ego massage. [00:26:40] Speaker B: And a visible one. It seems like truth Social Post Kitiya after having a conversation with the Mexican president we just spoke to President Claudia Sheinbaum of Mexico. It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican soldiers to the border separating Mexico and the United States. These soldiers will be specifically designated to stop the flow of fentanyl and illegal migrants into our country. Finale further agreed to pause the anticipated tariffs for a one month period during which we will have negotiations headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Besant and Secretary of Commerce Howard Letnick and high level representatives of Mexico. I look forward to participating and blah blah blah as we attempt to reach a deal between the two countries. So American networks social media Mexico the bomb road Mexico American troops American Mexican border deploy Canada this is the longest undefended border so undefended border. [00:28:08] Speaker A: That'S what he wants so what we can do is so $1.3 billion and right now in the larger context it will be worth it Drone helicopter that might satisfy his ego. I'll go back to politics a populist yes GST holiday. [00:29:06] Speaker B: So Donald Trump even with 54% trade with the US so Canadian provincial Sarkaran federal governments trade agreements if not more at least for the. [00:29:58] Speaker A: Next four years with Sade BG 54% coastal province yes more than half of our Samantha. [00:30:21] Speaker B: Pacific gateway. [00:30:37] Speaker A: Export terminals. [00:30:57] Speaker B: Aluminum the industry. [00:31:39] Speaker A: We cannot eat our way out of these tariffs in some sectors that's why we need to export them trading partners but then comes back to the same point instead of trading partner. [00:32:38] Speaker B: You need to be you want to be in that situation rather than dependent. [00:32:52] Speaker A: So trade the you need diversification Ontario the dark food Northern Ontario remote communities broadband Internet. [00:33:30] Speaker B: Investors investors so about an average of a billion dollars a month Contractor StarLink saw million dollar that's 100 million Christia Freeland Navy Friday Donald Trump Green Energy. [00:34:49] Speaker A: Liberal Party ticket holding members she is not in power right now Doug Ford power Correct correct Starlink Cardo in Elon Musk. [00:35:22] Speaker B: Exactly. [00:35:26] Speaker A: Exactly. [00:35:42] Speaker B: Forecasts according to different estimates Canadian GDP so again Canadian dollar the value already the Canadian products Canadian dollar value American dollar Canadian dollar. [00:37:00] Speaker A: Donald Trump at least federal Sarkar did a federal election October which Huna Tahihe Upro Jiri Sadi ruling party this is probably the worst position Canada can ever be in. [00:37:54] Speaker B: I'm on my way out. Justin Trudeau. And that's exactly the reason especially and. [00:38:34] Speaker A: Then a crisis comes. [00:38:56] Speaker B: But Babaju, regardless, it's not easy. [00:39:14] Speaker A: Political spectrum. Political spectrum. [00:39:35] Speaker B: Wealth creation. Wealth redistribution. [00:39:43] Speaker A: Stand up comedian. Stand up India. The stand up comic. Can you see? We heard Javi. [00:40:59] Speaker B: Exemption reports. Let's wait another, what, two hours? Three hours, rather. Stock market recover Kargi Canadian dollar. The value without the bounce back Kirk. So let's see which way things go. Thank you. [00:41:56] Speaker A: Pleasure. Always. [00:41:57] Speaker B: Thank you.