'DON'T BE SO TONE DEAF!': Trump official has a message for Canada

Trade Agreements and Tariffs

🌎 Q: What are the key benefits for USMCA-compliant countries?
A: Mexico, as a USMCA-compliant country, is exempt from tariffs on goods like cars, steel, and aluminum, while non-compliant countries face 30% tariffs.

🚗 Q: How did Mexico avoid high tariffs on cars and steel?
A: Mexico addressed requirements in the US President's letter, resulting in 25% tariffs on cars and steel, while aluminum tariffs remained at 50%.

🇨🇦 Q: What issues does Canada face regarding tariffs?
A: Canada faces 35% tariffs on goods due to unresolved dairy issues and its recognition of the Palestinian state, viewed as "tone deaf" by the US President.

Foreign Direct Investment

💰 Q: How significant is foreign direct investment in the US?
A: Foreign direct investment in the US is "enormous", with over $10 trillion of factories planned, which will "empower" the country.

🏭 Q: Which countries are major contributors to US foreign investment?
A: Japan ($550 billion), South Korea ($350 billion), and the EU ($600 billion) are contributing to a $900 billion national security and economic partner fund.

🚀 Q: How does foreign direct investment compare to tariff impacts?
A: The foreign direct investment "dwarfs" any potential tariff drag and is considered a "key" to the whole economic story.

Economic Growth and Market Access

📈 Q: How will tariffs benefit the US economy?
A: Tariffs from trade deals will provide a "huge revenue stream" to "knock down" US deficits and be "really good" for the economy.

🌐 Q: What opportunities does market opening create for US businesses?
A: The opening of markets will allow American ranchers, fishermen, farmers, entrepreneurs, and businesses to "finally sell into Europe", South Korea, and other countries.

Corporate Investments

🏢 Q: Which major companies are investing in the US?
A: Companies like VW ($23 billion) and Meta/Apple ($500 billion) are investing to build factories and grow their presence in America.

International Relations

🕊️ Q: How has Canada's recognition of Palestine affected US-Canada relations?
A: The US President views Canada's recognition as "tone deaf" while trying to achieve peace in Gaza, straining diplomatic relations.

Trade Negotiations

🇨🇳 Q: What is the current status of US-China trade talks?
A: The US President has not decided how to proceed with China trade talks after his team brought back the conversation to his thinking.

Economic Strategy

🔄 Q: What is the core of the US "reciprocal trade vision"?
A: The vision centers on foreign direct investment from governments and companies, which is seen as crucial for economic growth and national empowerment.

Trade and Tariffs

🌐 Foreign direct investment from governments and companies, including $900 billion from Japan and South Korea, dwarfs potential tariff drag and is a key factor in trade deals and economic policies.

💼 USMCA-compliant Mexico would be exempt from tariffs, but President Trump sent a letter stating Mexico's markets are not completely open, potentially facing a 30% tariff if issues aren't addressed.

🍁 Canada is criticized for being "tone deaf" by recognizing the Palestinian state during Gaza peace efforts and failing to resolve dairy issues, resulting in a 35% tariff.

Economic Partnerships

🤝 A new national security and economic partner fund, managed by Donald Trump, where America gets 90% of the profits, represents a novel approach in trade deals.

🏭 Significant investments, including $23 billion from VW and $500 billion from American companies like Meta and Apple, will build factories in America and boost the economy.

Political Commentary

🗳️ Commerce Secretary Howard Lutnick emphasizes the importance of voting, warning that lack of participation could lead to a "communist" mayor in New York.

🇨🇳 Lutnick states that talks with China are "productive and constructive", but the final decision on how to proceed rests with the President.

Economic Observations

💹 "Tariff inflation" has not materialized despite being a major concern, with Lutnick calling it "derangement" that's "bad for your health".

🌍 The $600 billion foreign direct investment from the E.U. and Japan, combined with $350 billion from South Korea, significantly impacts trade dynamics.

• 00:00 🤝 US Commerce Secretary Wilbur Ross praises Canada, stating Trump's tariffs had no inflation effect and flatters Canadian counterpart, Howard Lutnick, as a "mensch".
• 00:28 🇺🇸 Trump official warns New Yorkers to vote against a socialist mayoral candidate to prevent potential harm to the city's and US's financial status.
  • A Trump official asks a New York financial expert if a socialist mayoral candidate, Mamdani, would harm New York's and the US's status as the center of the world's financial markets and economy.
  • New Yorkers need to vote to prevent a communist from taking over, as consequences of not voting will be getting a leader they may not want.
  • Markets are interested in China as talks with China appear productive and constructive, prompting a question about a potential extension.
• 01:55 🇨🇦 US President Trump tells Canada to get on board with USMCA or face tariffs, citing trade deficits and market access issues.
  • The decision on how to proceed is up to the President.
  • USMCA-compliant tariffs would be exempt from certain tariffs, but Mexico's markets aren't completely open, prompting a letter from the President to that effect.
  • The US President agreed to leave tariffs on Mexico at 25% for 90 days, despite Mexico's attempt to negotiate a lower rate, citing a $170 billion trade deficit.
• 03:35 🇨🇦 US official tells Canada to avoid contradicting US policies on Palestine and to charm Trump into lifting trade tariffs.
  • A Trump official tells Canada not to be tone deaf by recognizing a Palestinian state while the US President is trying to broker peace in Gaza.
  • The US official urges Canada to persuade President Trump to lift retaliatory tariffs by turning on the charm, in hopes that he will soften his stance on trade.
• 04:48 🇺🇸 US official clashes with Canada over digital tax, says only US legislature can tax American companies, with President now involved to address the issue.
  • US official argues that only the American legislature has the right to tax American companies, not foreign legislatures, in reference to a digital services tax.
  • The President is now involved and has leverage to address the issue that Canada couldn't resolve.
  • Foreign direct investment from governments and companies dwarfs potential tariff drag, making it a key component in reciprocal trade vision.
• 06:28 🇺🇸 Trump official questions Canada's plan to sell liquid natural gas, citing concerns over where the revenue will go.
  • A Trump official questions how Canada's deal to sell liquid natural gas will work, specifically if it will go into a sovereign wealth fund or the US government.
  • The Trump administration's policies aim to boost US growth by opening global markets, increasing exports to countries like Europe and South Korea, and generating revenue from tariffs to reduce deficits.
• 07:24 🇺🇸 Trump official seeks $900 billion from Canada, Japan, and South Korea to boost US domestic production and national security fund.
  • Foreign investment comes in two types: classic foreign direct investment, such as VW's $23 billion to build factories in America, and American companies like Meta and Apple investing billions.
  • A Trump official claims Japan and South Korea agreed to give the US $900 billion for a national security fund, with America getting 90% of the profits.
  • The US will increase domestic production of ships, semiconductors, and energy if $900 billion is given to Donald Trump.
• 08:53 😊 Trump official dismisses comparison to Smoot-Hawley tariff, finds new trade issue has credibility.

WatchUrl: https://www.youtube.com/watch?v=DdWJzs0QajA