Canada Makes POWERFUL THREAT to Trump on TARIFFS

Summary

The MeidasTouch Podcast: Canada Makes POWERFUL Threat to Trump on TARIFFS
Release Date: November 30, 2024

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Introduction: Escalating Trade Tensions

In this episode of The MeidasTouch Podcast, hosts Ben, Brett, and Jordy Meiselas delve into the escalating trade tensions between the United States and Canada, ignited by former President Donald Trump's aggressive threat to impose a blanket 25% tariff on Canadian goods. The discussion highlights the multifaceted reactions from Canadian political leaders, the broader economic implications, and the media’s role in shaping public perception.

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Trump’s Tariff Threat and Immediate Impact

The episode kicks off with a detailed overview of Trump’s announcement to levy significant tariffs on Canadian imports. Alex Rodriguez (the primary speaker in this segment) underscores the severity of the threat, emphasizing its potential to disrupt bilateral trade extensively.

Alex Rodriguez [02:30]: "Canadians are furious at Donald Trump's threats of blanket tariffs of 25% to be imposed on Canada on day one."

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Reactions from Canadian Political Leaders

Justin Trudeau’s Constructive Approach

Canadian Prime Minister Justin Trudeau responds to the tariff threat by advocating for constructive dialogue rather than confrontation.

Justin Trudeau [04:52]: "Rather than panicking, we're engaging in constructive ways to protect Canadian jobs like we have before."

Trudeau emphasizes the importance of collaboration and the "Team Canada" approach to mitigate the impact of the proposed tariffs.

Christia Freeland’s Firm Stance

Deputy Prime Minister Christia Freeland delivers a stern warning against Trump's tariff plans, highlighting the detrimental effects on the Canadian and American economies.

Christia Freeland [05:23]: "In imposing these tariffs, the United States has taken the absurd decision to harm its own people at a time when its economy is suffering the deepest crisis since the Great Depression."

Freeland points out that American consumers will face higher prices on everyday goods, and Canadian industries will suffer, advocating for retaliatory measures if the tariffs proceed.

Doug Ford’s Sense of Betrayal

Premier of Ontario and leader within the Conservative Party, Doug Ford, expresses deep betrayal over Trump’s actions, revealing a shift in his previously unwavering support.

Doug Ford [12:23]: "President Trump yesterday made an unjustified threat of a 25% tariff on our already weak and shrinking economy."

Ford criticizes the lack of preparedness from Canadian leadership and underscores the profound economic ties between Ontario and the United States.

Pierre Poilievre’s Critique

Conservative Party leader Pierre Poilievre echoes Ford’s sentiments, condemning Trump's tariffs as unjustified and harmful to both nations' economies.

Pierre Poilievre [12:23]: "The statements by Donald Trump are completely unjustified. The United States is the greatest economic and military superpower in the history of the world and they are our neighbor."

Poilievre highlights the extensive trade relationship, noting that trade with the US constitutes 40% of Canada’s economy, and criticizes the timing of Trump's threats amidst economic vulnerability.

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Economic Implications of the Tariffs

The proposed tariffs pose significant threats to various sectors:

• Automotive Industry: Mutual dependencies mean that tariffs on automotive parts could cripple manufacturing processes on both sides.
• Construction Costs: Increased tariffs on lumber and cement will inflate construction costs, directly affecting housing affordability.
• Consumer Goods: Higher prices on everyday items like beer, soda, and electronics will impact American consumers, while Canadian products become less competitive globally.

Alex Rodriguez [15:32]: "America relies on Canada also for oil, lumber, cement and all these other supplies that go into American assembly lines and American factories. So we are taxing ourselves here."

Freeland further elaborates on the cascading effects, stressing that retaliatory tariffs will lead to higher costs for manufacturers and consumers alike.

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Media Reactions and Public Sentiment

The podcast also explores how media figures and public opinion are shaping the narrative around these trade tensions:

• Judge Jeanine Pirro: Criticizes Trump’s trade policies as damaging to both the US and Canada, highlighting the irony of America’s dependence on Canadian resources while attacking its neighbor.

  Judge Jeanine Pirro [14:25]: "If the United States is going to be energy independent again, we have an even tougher negotiating stance with Canada because we're not going to need as much of that crude oil when we start doing our own dance here."

• Social Media Discontent: Canadian citizens express frustration and a sense of betrayal, particularly among those who previously supported Trump's policies.

  Alex Rodriguez [11:08]: "Doug Ford is a perfect example of how conservatives are inferior to liberals in all things economic."

Additionally, a CNN panel discussion is referenced, where experts caution that retaliatory tariffs will ultimately harm American consumers and industries more than Canadian counterparts.

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Broader Impact on US-Canada Relations

The threat of tariffs has not only strained economic ties but also political alliances within Canada. Leaders who once mirrored Trump’s populist rhetoric now face internal conflicts as they rally against policies that jeopardize their economy.

Alex Rodriguez [12:23]: "Even Canada's right wing, which has been kind of mimicking a lot of that MAGA language, they are stunned by Trump's extreme tariff threat."

This internal division highlights a significant shift in Canadian politics, moving away from populist tendencies toward a unified stance against unilateral economic aggression from the US.

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Conclusion: Navigating a Difficult Future

The episode concludes with a reflection on the precarious state of US-Canada relations amidst Trump’s tariff threats. The Meiselas brothers emphasize the need for diplomatic resilience and strategic economic planning to navigate the potential fallout.

Alex Rodriguez [16:18]: "Donald Trump picking these fights against his neighbors... it's shameful."

They advocate for continued bipartisan efforts within Canada to protect jobs and maintain strong economic ties, while encouraging listeners to stay informed and engaged through their platform.

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Notable Quotes Summary

• Justin Trudeau [04:52]: "We know how to do it. One of the really important things is that we be all pulling together on this."
• Christia Freeland [05:23]: "Any American who buys a can of beer or a car or a bike will suffer."
• Doug Ford [12:23]: "President Trump yesterday made an unjustified threat of a 25% tariff on our already weak and shrinking economy."
• Pierre Poilievre [12:23]: "The United States is the greatest economic and military superpower in the history of the world and they are our neighbor."
• Judge Jeanine Pirro [14:25]: "If the United States is going to be energy independent again, we have an even tougher negotiating stance with Canada."

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Final Thoughts

This episode of The MeidasTouch Podcast provides a comprehensive analysis of the strained US-Canada relations due to Trump's tariff threats. Through incisive commentary and direct quotes from key political figures, the Meiselas brothers offer listeners a nuanced understanding of the economic and political ramifications, emphasizing the importance of unity and strategic response in safeguarding national interests.

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For more insights and detailed discussions, subscribe to The MeidasTouch Podcast and join the MeidasMighty community.

Transcript

[Alex Rodriguez]

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[Alex Rodriguez]

Canadians are furious at Donald Trump's threats of blanket tariffs of 25% to be imposed on Canada on day one. Whether you are from the Liberal Party, Conservative Party or NDP Party, the New Democratic Party in Canada. I think all parties are absolutely livid at this. Emergency meetings are being scheduled right now in Canada. You have leaders of the Conservative Party like Doug Ford, the premier premier of Ontario, saying that he feels absolutely betrayed. His exact words were, it's like a family member stabbing you in the heart. And Doug Ford, one of the Conservative Party leaders in Canada, again, he's the premier of Ontario. You know, he's been saying all these positive things about Donald Trump. Back in 2016, he said his support of Donald Trump was unwavering. And what's interesting is the Conservative Party in Canada has been kind of parroting a lot of that maga populist esque type message. But now they feel absolutely betrayed. But let me just show you the overall pissed off reaction by Canadians across the board feeling betrayed by their neighbors right now. But specifically, it's also the language that Donald Trump used. And we saw that with Mexico as well, with Claudia Sheinbaum's response to Donald Trump, the president of Mexico. I mean, Trump saying that our neighbors are drug dealers and they're the ones bringing fentanyl. And when in fact, about 88% of the fentanyl that comes into the United States are coming from Americans. In addition, Americans represent about 99.9% of the consumers of synthetic drugs. So take a look right here. This is an exchange yesterday between Jagmeet Singh, the leader of the New Democratic Party, and the Prime Minister of Canada, Justin Trudeau. Let's play this clip right here. Donald Trump's threats of tariffs could threaten hundreds of thousands of Canadian mortgage paying jobs. The only thing a bully responds to is strength. So where is our plan to fight back? Where is the war room? Where is a concrete plan to bring our issue before Kasma? Why isn't the Prime Minister fighting like hell for Canadian jobs?

[Justin Trudeau]

Mr. Speaker, rather than panicking, we're engaging in constructive ways to protect Canadian jobs like we have before. I don't think the idea of going to war with the United States is what anyone wants.

[Alex Rodriguez]

What we will. Now here is the Deputy Prime Minister, Christia Freeland of Canada saying, let me be clear, we will impose retaliatory tariffs against the United States if they go and do this to us here in Canada. Take a listen to this. Let's play the clip.

[Christia Freeland]

Let me be clear. In imposing these tariffs, the United States has taken the absurd decision to harm its own people at a time when its economy is suffering the deepest crisis since the Great Depression. Any American who buys a can of beer or of soda or a car or A bike will suffer. In fact, the very washing machines manufactured at the Whirlpool plant where the President made his announcement yesterday will become more expensive for Americans and less competitive with machines produced elsewhere in the world as a result of these tariffs.

[Alex Rodriguez]

Now here is the response from the Premier of Ontario, Doug Ford. And Doug Ford, this statement too is just kind of tinged with things that are just, in my view also inappropriate. But, but Doug Ford goes, how dare they compare us to Mexicans. We're not Mexicans here in Canada. I feel betrayed. Listen to what the Conservative leader, the Premier of Ontario has to say here. Play this clip. What I found unfair about the comments is to compare us to Mexico. And I can tell you Canada is no Mexico. We do approximately just Ontario alone. $500 billion of two way trade. I found his comments unfair. I found him insulting. It's like a family member stabbing you right in the heart. And just a reminder here, this is Doug ford back in 2016 saying that his support for Donald Trump would be unwavering. Let's play this clip. Are you still a supporter of Donald Trump? Absolutely. I wouldn't waver like the GOP's wavering. I wouldn't waver. Here is Canadian Prime Minister Justin Trudeau talking about the phone call that he had with Donald Trump. And again, you see Justin Trudeau here trying to be productive about this, but you could obviously see that he's holding back. This is, as some people have told me, the Canadian way of saying there's going to be some real problems with the United States. Here. Play this clip.

[Justin Trudeau]

I had a good call with Donald Trump last night. Again, we obviously talked about laying out the facts, talking about how the intense and effective connections between our two countries flooded slow back and forth. We talked about some of the challenges that we can work on together. It was a good call. This is something that we can do, laying out the facts, moving forward in constructive ways. This is a relationship that we know takes a certain amount of working on and that's what we'll do. One of the really important things is that we be all pulling together on this. The Team Canada approach is what works. That's where putting aside partisanship, that's where I reached out immediately to Doug Ford to agree with him that we would have a first ministers meeting this week to talk about the United States. Talked with Francois Legault and some other premiers as well. There's work to do, but we know how to do it.

[Judge Jeanine Pirro]

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[Alex Rodriguez]

You this account here, Dan G2 goes. For eight years, Doug Ford has told us his admiration and support of Donald Trump. In 2016, he said his support of Trump would be unwavering. I showed you that clip right there. Now he says that Trump is the greatest threat to Ontario and Canada. How are we supposed to ever trust Doug Ford's judgment again? And as Stefano Barbaras writes, Doug Ford is a perfect example of how conservatives, he goes, are inferior to liberals in all things economic. This short video has Ford seem like he's disgusted at Mexicans. He goes, how dare we be compared to Mexicans. I mean, you saw that clip right there. And right here, here is the leader of the Conservative Party who many have actually compared to like Canada's budding Donald Trump. This is Pierre Polvier, the leader of the Conservative Party in Canada. And here he is also basically saying that these are completely unjustified tariffs. The statements by Donald Trump are completely unjustified. Let's take a look at what he says here. Play this clip.

[Doug Ford]

The United States is the greatest economic and military superpower in the history of the world and they are our neighbor. The US is responsible for $1.2 trillion of our trade. We trade almost twice as much with the Americans as we trade with the rest of the world. Combined. Trade with the US is 40% of our economy. President Trump yesterday made an unjustified threat of a 25% tariff on our already weak and shrinking economy. Justin Trudeau and Christia Freeland were surprised. Amazingly, everyone else knew something like this could be coming because President Trump had been talking about it for years on the campaign trail. Yet 20 days ago, Christia Freeland said, don't worry, Canada will be fine. Apparently, neither she nor Justin Trudeau were following what the incoming president was saying.

[Alex Rodriguez]

Showing you what's going on in the United States. Here is Judge Jeanine Pirro on Fox. And I just want to show you the like the derision and the hate that, you know, these right wing Americans have for, for Canada. Canada is a major trading partner with the United States. And by the way, I know about all the Canadians who support the Midas Touch network. We've got a huge Canadian following here. So to pick this fight with Mexico, your United States is literal biggest trading partner is Mexico and then also Canada, its other top trading partner. And then to use the social media post language that Donald Trump did and make accusations against them when in fact like America's exporting, you know, all these unlawful weapons to these countries, here's what Judge Jeanine Pirro says on Fox Play.

[Judge Jeanine Pirro]

This clip is that we get 60% of our crude oil from Canada. All right? Now, if the United States is going to be energy independent again, we have an even tougher negotiating stance with Canada because we're not going to need as much of that crude oil when we start doing our own dance here as.

[Alex Rodriguez]

This account at the Transit Guy Hayden says, you've got to admit a majority of the country, Americans voting for a man because the price of goods are too high only for him to increase prices on his first day in office has to be regarded as one of the greatest social experiments of all time. Here is actually a good segment short clip I'll show you from CNN right here of the panelists saying, like you all realize that America relies on Canada also for oil, lumber, cement and all these other supplies that go into American assembly lines and American factories. So we are taxing ourselves here. They're going to do retaliatory tariffs. So we're just going to screw ourselves here. Watch this.

[Christia Freeland]

If you voted for Trump because you thought he was going to bring down the cost of housing, a lot of our lumber, cement, other materials comes from Canada, which means that construction costs are going to go up. Not to mention all of the ways he's going to roil the US Auto industry, because a lot of autos cross borders in North America multiple times before they're ultimately finished and sold to consumers. Not to mention the fact that a lot of US Manufacturers purchase inputs, intermediate goods like metals and cement and other things from Canada, from Mexico. And not to mention even the retaliation that we should expect, all of which is going to be very bad for consumers. Not to mention, again, many of the US Workers that Trump allegedly wants to help.

[Justin Trudeau]

What about tequila?

[Alex Rodriguez]

Now, I did a whole other video right here about Mexico and their president, Claudia Sheinbaum. And Claudia Sheinbaum also suggesting that there would be retaliatory tariffs. And the exact language that she used is that there are pain points and if there's going to be pain, there will be mutual pain. And she referenced in her letter to Donald Trump about how General Motors for Stellantis have factories in Mexico. And again, Mexico being the United States biggest trade partner, the produce that comes in from Mexico. And also Claudia Sheinbaum and her party, they've done actually a very good job boosting and promoting Mexico's economy. And so that's why I think it was very unfair when Doug Ford also was like his response was, how dare you compare us to your other neighbor, Mexico? Look Mexico's thriving right now. Mexico's doing well. And Mexico has its own processes and systems to deal with immigration because people come through Mexico from other South American countries to get into the United States. And so Donald Trump picking these fights against his neighbors, I mean, we're seeing, you know, the fallout already. That's that social media post attacking your closest allies. It's shameful. Just showed it to you right there so you can see for yourself. Thanks for watching this. Let's show you these other, these, these other headlines about Doug Ford. Ford says Trump's tariff threat. Like a family member stabbing you in the back, he calls Trump's tariff plans the biggest threat we've ever seen. Doug Ford says Canada would have no choice but to retaliate against Donald Trump's 25% tariff. The premier also noted that Ontario alone is the largest single trading partner of 17 United States. And this is from the New Republic. Even Canada's right wing, which has been kind of mimicking a lot of that MAGA language, they are stunned by Trump's extreme tariff threat. So there you have it all. Hit subscribe. Let's get to 4 million. Thanks for watching. Love this video. Make sure you stay up to date.

[Judge Jeanine Pirro]

On the latest breaking news and all.

[Alex Rodriguez]

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