Trump Just Hit Canada’s AUTO Plants SO HARD… 300,000 Workers Are DONE

Canada's trade war with the U.S. just backfired. But now they're being forced to respond to an emergency of a different kind. I would love to see Canada be the 51st state. If Canada was a state, it wouldn't cost us, it would be great. It would be such a great, it would be a cherished state. What I'd like to see, Canada become our 51st state. I love the Canadian people, but the leaders have taken advantage of our stupid leadership for many, many years. They were very bad, but now they're being taught a little lesson. This New Brunswick ambulance manufacturer has been doing nearly half of its business in the U.S., but that's dried up almost entirely. At a time when so many Canadian companies are feeling despair. So now various parts of Canada's manufacturing sector like autos, steel, these industries are now feeling what many people thought was never going to happen. And now Canada's leader, Mark Carney, has become somewhat of a laughingstock. Listen to this. Carney has poured kerosene all over Canada's economy. And now on a daily basis, it is burning down. The latest news is that Stellantis plant in Windsor will be shutting down for three weeks. October 19th, October 26th, November 2nd. This is coming off of two weeks of shutdown. So a total of five weeks worth of manufacturing shut down at one of the largest auto plants in Canada. This is Stellantis' Windsor plant, which is responsible for Dodge and Jeep manufacturing. Of course, the Stellantis plant in Brampton is going to be sold off. We are watching the death of Canada's auto manufacturing, steel, aluminum sectors. Auto manufacturing, ambulance manufacturing. If you make something and you used to sell it in America, those days are over. But what about this idea that Canada was going to come along and just buy everything that Americans used to buy? That's what their prime minister said was going to make them win the trade war and stop Trump. And that's not working either. Listen. Turning our focus now to the Canadian economy and new details relating to a big project announcement earlier this week. And CBC News has learned LNG Canada will be using fabricated steel from a Chinese supplier for an expansion of its plant in British Columbia. Georgie Smythe, CBC. Is phase two of LNG Canada going to be built with Chinese steel, like phase one, or will it be built with Canadian steel? Listen to what he said. It's a great question for the proponents of phase two. They've taken their first investment decision. The process runs for the next five, six years. I'll leave it to them on the precise timing in early 2030s when expected to be operational. There will be full opportunities to buy Canadian steel and we'll continue to invest in the Canadian steel industry to make sure that's the case. But it'll be for them to decide. So it turns out that's a no, folks. It turns out that Canadian steel can't get sold in America and the Canadian government, they don't want to buy it either. But it gets worse. Listen. That's despite the federal government's ongoing push to buy Canadian. On Tuesday, the prime minister was on hand when the energy company said its multi-billion dollar expansion in Kitimat will be moving forward. It was one of the first proposals referred to the federal major projects office. That's crazy. And redouble exports of liquefied natural gas to overseas markets. Wow, so this literally helps nobody. CBC's Janice McGregor is on the story from Ottawa. And Janice, at a time when Canada's steel sector is struggling, why is this major project going with a Chinese supplier? Because it's cheaper and they don't care. Basically because they can, Andrew. This is a private sector entity. It is not subject to any government procurement rules about around by Canada, by Canadian regulations. The use of Chinese steel at the facility actually dates back to when phase one was under. So they allow their economy to be set up in a way that does not benefit the Canadian working class. If you're living in Canada and you've got a job, this government has rigged the deck against you. And then they get themselves into a trade war with the United States, their largest trading partner, where your company used to sell stuff and which used to keep your job afloat. And now that's gone. And guess who's totally unaffected by this watch? The United States has become a dumping ground. The world's consumer of last resort. Think about Canada. If they didn't have the United States with Canada has a 45 to 60 billion dollar trade surplus with the United States in any given year. If they didn't have that offtake here in the United States, they'd be in deficit. Same thing with the European Union. If they didn't have offtake to us, they'd be in deficit. Wow. So when people talk about Canada and the European Union somehow finding more demand in their countries, I mean, these are very low growth jurisdictions and low growth plus low growth is still low growth. So we are actually totally fine with countries trying to find other people to take their surplus production. Like that's fine with us. Wow. So not only does the United States say, hey, look, if you want to sell somewhere else, go ahead. We're totally OK with that. We're literally witnessing the gutting of Canada's economy in real time. And this is only the beginning. Listen, aluminum sectors and anybody who tells you that this trade war that Mark Carney, this carpetbagger, this man with 91% of his investments in the United States of America, two daughters who go to school in the United States of America and now live in America, a wife who lives in America, three different passports, including an EU passport, an Irish passport, and a man who says he feels as though he's more European than Canadian is burning the Canadian economy down. And he knows it. The idea that we can go tit for tat in a trade war with the United States of America is beyond ridiculous. We are going to continue to see plants shutting down. This comes on the heels of a couple of days ago. Stelco announcing 500 jobs, poof, gone. Toyota, Honda making noises that they may leave the country altogether, never to return. Stellantis has several plants that they're thinking of shutting down. And now with Christmas nearing 6,400 Canadian workers have already missed two weeks worth of pay. This is crazy. And the worst part about it is that the way this whole thing started was Canada, they're looking at the United States, they're looking at Trump, their leader over there does not like President Trump one bit. And they see there's a few swing states at play in the midterm elections. And they say, you know what? We send some of our products to a majority of U.S. states. The whole country isn't going to feel a thing from our trade war, but maybe these swing states will. And if we come out and we announce that Trump is unreasonable and his trade negotiators are fools and he's just started a war with Canada, maybe that'll make Trump look stupid. Maybe there will be all this news about how stupid and isolated Trump is at a time when gas prices are higher than many Americans would like. And that will get rid of Trump for us. And then our Trump problem will be gone. We can go back to taking advantage of America's economy and using it as a dumping ground and using it as basically a jobs creation program for our own country. But I guess Canada wasn't listening when Trump told the entire world he didn't care about the midterm elections. Listen. They're waiting to see how I do in the midterm election. What they don't realize is that I'm not running. I did that already and won in a landslide. We won in a giant landslide. And I'll be here for two and a half years, but I am not running. I gave absolutely no credence and will not give credence to the election. Right. So it's come out that Trump doesn't care. It's come out that there is absolutely nothing Canada can do that's going to stop Trump from doing what he thinks is best for the U.S. economy. Where, by the way, the Prime Minister of Canada has exported his entire family. He's got his whole family living over here now. So it actually benefits him and his family for America to do well. But the problem is that spells doom for Canada. And they're having a real tough time finding buyers for all the stuff they say they're going to sell to everybody else except us. Listen. Rahim Mollou felt the blow to his steel business in Toronto early on. The mere idea of stiff tariffs on steel, enough to shut down all his exports south of the border. Overnight, distributors that we've been doing business with for over 10 years called us up and told us they couldn't do business with us because the climate was too volatile. His industry was first hit about 16 months ago. But even before the U.S. tariffs were fully implemented, Conquest Steel had already lost about 20% of its business. It was a shock. That's crazy. It's tough to have it evaporate right away. Evaporate. It's not just steel. Auto and aluminum manufacturers have all faced hefty tariffs for more than a year. So what's fascinating about this whole trade war is that now Canada's regime has come out there and said, hey, we're going to buy Canadian. That's what Canadians do. They look out for each other. We're going to buy Canadian. We're going to sell our stuff all over the world. We're going to get out of this. But they weren't making any moves to do that over the last year. That's all just sudden hyperbole. It's a reaction. And it's not working. These factories are shutting down. These factories have nowhere to sell their stuff. These factories aren't going to sell steel to Europe that doesn't build anything. They're not going to sell their steel to China when China can get its own steel, no problem without them. So these guys are up a creek and it's all starting to backfire. Because the thing they wanted Trump to do was to say, oh, Canada, oh man, they've really got me. They've out-negotiated me here by walking away from my trade deal at the last minute. They're making me look stupid before the midterms. Oh, I'll just give them everything they want and kick this can down the road for two years. That's what they were hoping. They wanted appeasement. They got the opposite of appeasement. And here's what's going to happen next. Mexico racing towards a deal with the United States of America. It all likely will be done prior to the midterms on November 3rd. China just agreed to $60 billion worth of reduced tariffs. Who stands out like a sore thumb in terms of the country that refuses to get a trade deal done? As everybody knows, the U.S. is re-industrializing. They just announced a $15 billion steel mill going up in Iowa. Trillions of dollars have poured in. Trump has seen what's happened to their major industries and he said no more. We are having the exact opposite treatment. And here's the problem with all that. The world is headed now in a direction where these types of jobs, manufacturing, stuff you do with your hands, these are becoming more in demand in America. We're on a massive construction boom. We've got all this AI build-out that's going on here. There's a massive demand. And American workers are going to get those jobs. American workers are going to build the materials that our country needs for this new industrial build-out that's going to take place in all 50 states. And none of that stuff's going to be imported. So the country is re-industrializing at a time when there's demand for not only the workers, but also for the very products they're going to be building with. And none of it's going to come from outside the country anymore. You'd think that smart people in Canada who deal with billions under these hedge fund managers, you'd think that these brilliant individuals like Mark Carney would see something like that happening and say, you know what? We really don't have a lot of leverage here. If America wants to re-industrialize, why don't we just go along with that and help them? Hey, it'll prop up our middle class too. If America's been a jobs creation program for the Canadian economy for a long time, why do we want to keep that going? Well, they've decided to do the opposite. And the real problem here is once these steel plants shut down, once these auto plants shut down, once that stuff all moves and comes back into the United States, it's going to be gone forever. Watch. Tempted tariffs for more than a year. Now with another threat from the Trump administration, many are calling for some form of relief. The status quo is not sustainable over the long term. Tariffs have cost auto manufacturers in Canada about $5 billion, he says. Regardless of what comes next, the damage is already done. It's already done. The idea that we'll be able to enter into a long term trade agreement with stability, I think those days are probably behind us. And so we always are going to have to live with a level of uncertainty. That's just the unfortunate reality that we're in. Uncertainty. Uncertainty is a problem. Uncertainty means you might have a job this week, but not next week. Uncertainty means zero expansion can take place at all in Canada. You're not going to build another manufacturing plant for automobiles in a country that's suffering from instability. If you don't think that plant's going to ever be able to open or ever be able to do anything, why are you going to go out and build it? So the jobs are going to evaporate. And here's the other problem. When businesses enter a phase of instability, they don't know what's going to happen. So while they're going into that phase, they change their decisions at the beginning of it. Now at the end of that phase of instability without a long term agreement in place, you may look back and you may say, yeah, gee, you know, things weren't as bad as we had predicted. But the problem is the jobs will already be gone. Because these companies, they're not going to wait around and see how things play out. This is what these governments don't understand. They think that these companies are just going to keep losing money every single day and keep their plants open and keep paying people to build steel and cars that can't go anywhere or be sold anywhere. But that's not true. They're going to get rid of those jobs right away because they're going to expect that this period of instability wipes them out. And they're going to be glad they moved to a stable platform somewhere else. Maybe they'll move those jobs to Mexico. Maybe they'll move them to the United States, but they're going to move them somewhere where the outlook isn't, gee, we might close next week. But for certain products that Canada sells, there's just no market for them anywhere else. And that means these places are doomed no matter where they build things in. Listen. This new Brunswick company has been selling molasses in the American market for years. Now with the new U.S. import ban, it could be shut out. Yeah. We're still just navigating this uncertainty to try to figure out what's going on. The ban, which kicked in Tuesday, covers nearly a billion dollars in Canadian goods, including whiskey, whey products and motorcycles. As the trade war drags on, businesses have to adjust. Some are putting expansion plans on hold and others are looking for new customers. New customers. I hope it blows over. I mean, it does allow us to refocus on our Canadian market. Canada's economy has been resilient, but the volatility is stalling momentum. After stronger growth in April, May and June, gross domestic product in July came in flat. There is no market to refocus on. That's the sad truth when you look at these numbers. Meanwhile, the U.S. economy is going up. We're creating jobs. There's a future on the table for America that's not on the table for Canada, because Canada has decided that it wants to fight America. While this is going on, this company, they're not going to sell their products anywhere. They're not building new plants. You just heard it. People aren't expanding. They're not creating jobs. This doesn't help Canada's middle class with affordability. And all of this mumbo jumbo, it's not affecting America at all. It's not hurting us. And now America's northern neighbor, who we all know and love, has found itself in a position that it will have to answer to after the midterms, which Trump doesn't care about, which was the whole thing they were trying to affect. Our major industrial work capacity has dropped from 15.2% of all employment in this country to under 8.8% in the past quarter century. And it has been cheered on by nobody harder than the globalist banker Mark Carney, who loves to see Canada's incredible natural resources pillaged, taken from the country and sent overseas to China, to the Philippines, to everywhere where it can get processed for a slightly cheaper price so him and his buddies at Brookfield Asset Management can make as much money as humanly possible. That's crazy. While the standard of living continues to go down day after day after day, every day that this trade war carries on with the United States, we are going to see announcements like this. It's a guarantee. We're talking about a $32 trillion economy. A $32 trillion economy going head to head with a $2 trillion economy. And here's where this is going to lead. This is going to lead to a situation where plants are closing, factories are shutting down, people's jobs are evaporating because the plant went back to its home country. And eventually, people in Canada are going to wake up. They're going to say, gee, I don't have a job. And my company has been totally destroyed. And the government will tell them, oh, well, it's Trump's fault you don't have a job. But at a certain point, people are going to have to say, well, what did our country do to protect that job? And the answer is going to be that they didn't do anything. The answer is going to be that it's Canada's government who allowed that job to get destroyed because they didn't want to work out a trade deal with the United States, you see. And the thing that nobody really seems to be contemplating is that if you have a steel mill or an auto plant, that plant has to get built, right? So a company that today says they want to create jobs in Canada, they're going to start building a plant now in Canada. It's not going to open for a year or two. Once it opens, then they're going to hire people. Then they're going to bring people in. And then communities and lives are going to be built up around that thing. So a process plays out. But then it can all be wiped away in an afternoon. These plants shut down. These companies move on. They leave and the jobs don't come back because if the leaders of a country want it to be an unstable situation and they want to keep things that way, the businesses are going to say, yeah, we can't play this game. We can't play a game where we don't know if we could build a plant or not, where we don't know how many of our workers are even going to be able to be around next month because these governments just won't work things out with each other. Our government won't work out. So they're going to leave. They're going to say, we won't put up with that. We'll put up with higher costs somewhere else in exchange for stability that we can at least plan around because you can't plan around anything when things are this chaotic and are backfiring and collapsing in real time. What do you think about that? I'll see you in the next video.