🔴 U.S. Tariffs Bombshell UPDATE, Canada Sounds Annexation Alarm, Downfall of US Auto Sector
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- Опубликовано: 10 фев 2025
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Quick update. As Trump prepares to reveal his Russia-Ukraine peace plan, there are certain factors that could push it to collapse. Meanwhile, the West are escalating their ban on China's DeepSeek. China is also advancing their de-dollarizing plan for the world, this move is confirmed with China's ascending gold reserves.
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Keep up the amazing work
I'm Canadian working and living in New Zealand. Trump blames the world because of the US falling economy. Respected economists are predicting by the end of this decade - China, India and EU will be larger economies than the USA just by sheer population, innovation, etc. USA national debt is a hinderance for their growth. EU are in talks with China for trading.
Trump wants to give 100% tariff on all the BRICS nation because he doesn't want de-dollarization. A lot of central banks are leveling down their US dollar reserves. Trudeau is in talks with EU. Germany and Poland four years ago asked Canada if they can send LNG. We are 40 million in population. Melanie Joly keeps saying if Trump doesn't want our resources, he can always get it from Putin and Russia.
The Auto-industry is artificial in the USA. In the USA, you have a lot of PICK-UP truck like the Chevy Silverado and Ford F-150. Honda have something close, but not as useful. Toyota has the Tundra. The Cybertruck is not what most look for.
Furthermore, to replace the F250/F350 or Silverado 2500/3500 HD, you need a Hino. However, the Hino is too much like a truck and a lot less a ride to go to the church come Sunday. So, they might get an artificial "Survival" as long as they put the Tariffs on this class of vehicle.
Our auto industry was already gone, and with the tariffs we are seeing new plants being looked at back in Detroit of all places.
You really need to slow down with the content and go back to doing research, you are becoming incredibly unreliable.
Even Americans don't want US cars poor quality and too expensive.
It's okay, you will magically start to desire American cars and build quality because of it. And you will make it happen, because it is what you do. Trump says so. 😆
That is true. Whenever I search for car on any car search engine, I always look at either Japanese or Korean used cars. Mostly Toyotas. The only america cars I look at are older pickup trucks or older sports cars. It is almost like america cars past 2010 don’t even exist for me.
Europe dont want Chinese cars either. But politicians are busy destroying the industry here
@ I would run my old and toyotas until they will have holes in the floor rather than buying america made junk. America cars were great before, and even when quality declined, prices were also very cheap when buying used. However now they are both crappy in quality and expensive in price.
@@krasavchik8714 American cars seemed great before they faced competition.
The main problem with US cars apart from them being rolling pieces of crap is that they don't make models that are suited to either the European and Asian markets......they are too big, have shitty fuel efficiency and barely meet Euro or Asian safety standards.
Rolling? Yes when they're not in the repair shop.
Everybody I know drives Japanese vehicles. New cars are out of the question for most regular working class Americans.
Facts
Correct! Those american made oil tankers with wheels cant navigate through most asian and european streets
TF you talking about? I have had nothing but problems with my damn near brand new Hyundai Elantra - I'd love nothing more than to go back to my Dodge Stratus.
Everything in America is over valued over priced and poor quality. Also over taxed.
I don’t know if this is true today. I heard the prices for staying in hotels, buying houses and so forth are really expensive nowadays. But back in the 80s and 90s everything was outrageously cheap in the United States compared to Europe
@@johnjoannou4544 min. wage didn‘t increase since 2009 and households stopped having real wages in the 1970s.
You do understand that most of it is imported from Ch, Mx, Taiwan, etc? Its not American.
@@johnjoannou4544 Yes, then we started flooding the country with certain ppl.
@johnjoannou4544 this is why I don't vacation in America. The mediocre hotels are as expensive as a 5 star hotel in some tropical country. Its cheaper for us to fly to Mexico for vacation than Florida. Plus Mexicans are more friendly.
THE CANADIANS DO NOT HAVE AN OPTION BUT TO DIVERSIFY THEIR ECONOMY OR THEY ARE ALWAYS GOING TO BE A THE MERCY OF THE AMERICAN EMPIRE. SO DOES EUROPE.
Canada and Germany should exit the EU and try to join BRICS.
@@tinatang1Canada is already in the process of joining brics!
@@Guy-kn6jtproof?
What does the Americans think they are living in? They are in a everything bubble right now. It's way worse than 2008 housing market crisis. Housing, private banks, AI bubble, and the 40% overvaluation of the magnificent 7 companies. Breath takingly screwed.
😮@@Guy-kn6jt
Greetings from Spain. Here we can buy most american cars and appliances. People don't buy them because there not any good plain and simple.
Overpriced, NOT affordable and totally not worth it vs from other countries like China, etc.
@@JCSY1 Try to get parts for a Chinese car. No dealers and the supply chain is very far away.
@@pctrashtalk2069 For some countries, it's true because it is not available in big volumes yet so Chinese parts are not easily available there. If there is a bigger market, then China will make it more easily available to that country.
@@pctrashtalk2069 Chinese Spain joint plan to build cars in Spain...they'll be churning cars and parts like so many sausages soon.
How does it feel to be a part of BRICS?
US tariffs should only effect the countries that use the Dollar ..or who buy and sell to the US ...just stop doing business with the US 4.3 percent of world population and deal with the other 95 percent that is left ..end of story ...
It’s that simple if countries just decided not to do business with the US the end of the empire and hegemony would come at rapid pace
Lol. Exactly what is happening and America can't stand it.
Bob's wife here... he is a business man. If you are doing trade with a country and have a 200 billion deficit... time to rethink the trade agreements. He wants to balance HIS country's budget. Canadians budget will balance itself lol
If that was viable you would have done it already. The other 95%? Half would end you for a few bucks.
@@bobross6593 Canada's finances are in a mess....what are you talking about? $1.5 trillion debt and 40 billion deficit, for a country 1/10th our size.
Tesla stock and other Usa stocks are massively overvalued
Bad cars too, other countries have corners that we need to go around and fuel efficiency and saftey rules that America ignores, they continue to make enormous fuel inefficient cars and from unsfae materials and stop their people buying imports with tariffs, its dumb, they should encourage the American car makers to compete and their cars would improve.
Tesla stocks are crashing due to the backlash to Musk and Doge.....
Tesla reduceed price 3 times and still make good profits.
You ppl made him a billonare.
Their PE ratio are so high !!!!
Nobody wants American cars 😂😂😂
They are garbo, lol.
Not even Americans lol
Japanese cars from the 90s are the best
I have stop using the "American" term for the USA. They don't represent all the countries on the 2 continents.
@@Black_Sun_Dark_StarI use USAmerican.
Did you know America imported 79% of the aluminum use in the USA came from Canada …
…
When trump puts a 25% tariffs on aluminum..guess who end up paying the tariffs?
America’s importers who will pass this cost to you and I..
……
And will encourage Americans to enter the aluminum industry, thereby strengthening our own country by not being reliant on a foreign power.
You leftards live in a fairy tale.
"Oh doom and gloom! Trumps evil. I cant wait til he fails so I can laugh at all his dumb-dumb head supporters"
Correct, because Noranda Canada bought the factory in TN, and shut it down.
We dont need shitty american cars , the roadtax is high , the fuel is expensive , and the insurance is high , keep the garbage.
The US self sabotaging 🤣
Same as European Union.
@@NebulaNXNyep, Europe self sabotaging for the US
@NebulaNXN LOL. No they are isolating usa and expanding their trading partners. And their tariff on usa are very targeted
@@Jinkypigs don't be delusional. Europe is isolating itself. Europe sabotage its own economy by sanctioning cheap energy from Russia and passing legislation witch makes it's economy less competitive.
Last stance.
A superiority complex does not make you superior.....
I have never owned a U.S. made car. I would love to move to Canada but am ashamed to call myself American. This place has gone mad.
You don't have to tell us where you are from. We don't care.
@@q09876543you do have to say it at the border. Especially if you are applying for a work permit.
Honestly, if you can move, I’d consider it. I think the U.S. is in for one heck of a ride. 😵💫
Every problem in the US has a trickle down effect in Canada, the little brother country. You're welcome to Canada, but if you really want to get away from all this madness, you're going to have to look further.
@saltnlight8072 China is on the winning side of history anyway. Doesn't matter which country anyone moves to 😅😅
Follow the U-S at your own peril. China won't forget that Canada detained Huawei's CFO under the order of the U-S.
You know what, let Trump go ahead with his sanction and tariff.
Because as stubborn Trump and his administration, hard lesson needs to be learned, so are those supporting his policy!!
US need to be taught a harsh lesson, and the world is watching!!
Facts
He is their guy to lead the U.S. head first into the collapse and most people can't see it. The guy is actually in the WWE hall of fame and it does not register in people's minds that it is all an engineered script playing out
❤
Donut Thump's electorate won't have the mental horsepower to understand the damage infected on the US. 😢
Hey it's worth a try.
We Canadians are just waiting for an election to get rid of Trudeau, Coffee row jokes "Canada will build a wall and Trump can pay for it".
Let me guess tarrifs will pay for it great call on the comment 😂😂😂😂❤❤❤❤
Why get rid of Trudeau? Is it because he's a Capricorn with his Moon in Aries?
@@michaelellringer5600 who cares🤣🤣🤣🤣
@michaelellringer5600 I'm all about the wall
What are you talking about? He’s already resigned and the Liberals will be getting a new leader. It’s time to get over the Trudeau bashing thing.
American vassals realizing they have empowered their own demolition.
Donnie will declare victory when he and his oligarchs have enriched themselves.
Your videos always stand out for their quality and originality. Thank you for your contribution!🚴🐄🎗
thanks for your contribution, jew bot.
Agreed.
I bought 3 band new Ford cars between late 90s and 2000's. After my warranty expired the cars had problems just weeks later. I moved to Renault and Toyota and both makes served me better.
In the UK Ford cars were called Dagenham Dustbins. Rusted out in no time.
@@gillyb44 yeah the 80s /and 90s ones were scrap. The mid2000 models were much better. I had a Ford focus for 13 years and did big miles in it with very few issues.
@gillyb44 lol. Indeed they are.
Ford = fix often repair daily
I pretty much quit driving due to the price of gas.
Europe has to force the sale of the European operations of US tech companies on national security grounds. For too long they've surrendered their digital and data sovereignty over to the US.
All by designed to bring in the new World Government. Notice how it is all happening at once.
"The Great American Dream"! You are now all waking up into a Nightmare!!!!
The nightmares over, bud. Bidens gone..
The headache just begun!@@American_ZeR0
American Dream 💤💤💤 - Once you wake up, it's gone... ⏰⏰⏰
Bob's wife here... he is a business man. If you are doing trade with a country and have a 200 billion deficit... time to rethink the trade agreements. He wants to balance HIS country's budget. Canadians budget will balance itself lol
@@bobross6593 You Trumpers are math impaired. He will never balance the budget. With tax cuts the deficit will only increase. Why is Trump such a math idiot. When Trump is done the national debt will hit 40 trillion and nothing the idiot can do about it.
Tariff is the most beautiful word! That's Trump favourite slogan which may ultimately backfire right in his face😂😂😂
_" gud luck Americans, Canada ß Mexico are finished with America now "_
I don't really get it, ain't it's about America cars ?
its Trump's excuses, US wants Mexico & Canada to remain "poor" so they can dominate their countries.. 😂 MaGa 👈@@mamacryright5740
@@mamacryright5740Being an enemy of the US is dangerous, being an ally is fatal. Canada and Mexico now face this reality.
This Canuck has been finished with the US for decades now.
The rest of the world does not want U.S. made cars because those U.S. car brands like Ford, Chevrolet, GMC, Chrysler, Cadillac, Dodge and especially Jeep are crap. Those U.S. cars are huge fuel consumption vehicles compare to fuel efficiency vehicles by Toyota and Honda that are made in Japan. And the car's spare parts for those American brand are also more expensive than those from Toyota and Honda, Japan. Who would be that dumb to buy a U.S. made car that is an endless money pit which will burn a big hole in your pocket.
Paul except for Ford the others mentioned by you are Italian brands now made by Stellantis..
The average USAmerican isn’t too bright…
@@anthonymatthews3698 To an embarassing degree.
I dont think you know what you're talking about. I think you're just speculating based on your own personal opinion.
To say nothing of all the spyware, funnelling your driving data straight to us servers. They come equipped with a ckill switch, too. Displease the masters, and suddenly, your transportation turns into an unmovable hunk of uselessness.
"The big winner will be China", are the sweetest words in the entire world!
No fewer goods will be imported and purchased due to the price increase. The US Consumers are tapped out. 60 percent of US consumers are working pay check to paycheck with record high credit card debt. Add to that inflation and product size shrinkflation for decades.
Then why are they crying so much?
Fall of America
I hope they have good medical.
I will search RUclips history channels for “Nero and the burning if Rome” and see if there are any parallels with the Siamese twins (Elon and Trump)
I doubt it. I predict that not only does the sky not fall, but average americans will be much wealthier in 2 yrs time.
@@American_ZeR0
Wealthier?! With inflation?! Yeah, good luck with that.
I'm falling and I can't get up.
America annexing Canada is pure nonsense.
The real intentions are there, and bipartisan agreement.
If the US uses military force against Canada, and Canada being a member of NATO, will that invoke Article 5? 🤣
What a clown show.
It would be suicidal for them to try.
@@BohemianGnostic No European army is going to sail across the atlantic to fight the americans for the Canadians. The US can do whatever it wants in the Western hemisphere and Trumps know its. He doesn't care about soft power, only hard power now.
LOL.. A totally serious nonsense from a rubbish idiot president like moron trump who thinks that it can actually happen.
The logic in placing tariffs on a raw materials exporting country like Canada is baffling. Will hurt US a lot.
Its baffling if you think we can't get them from other sources our our own land. Its also baffling if you think that was the actual point.
Its going to be increased tariffs on everything until Canada comes to the table for fair deals.
Xi Jinping and Putin must be having a giggle over a cup of tea...
China and Russia couldn't have done as much damage to the USA in 3 years as Trump has in 3 weeks.
😂😂😂
Very true. Both will say "Let's meet again to laugh and celebrate" ... 😂😂😂😂🤣🤣😂😂🥳🎉🥳🎉😂😂😂
Well with an idiot president like trump, who needs enemies
Most likely over vodka and maotai😂😂
The US will run squarely into the principle of unintended consequences. Nothing in life is free, every action has a cost and no matter what is thought everything is connected no thing is ever only one thing.
unintended huh?
I don't believe for one second Trump doesnt know exactly what he is doing. He has some of the best minds on the planet and super deep pockets helping him out. At the same time, sometimes things have some unexpected consequences call it a surprise, a check-mate etc. As a Canadian, i know for a fact, Trump wont be successfully annexing Canada not without the help of our own political leaders and i personally do not trust or believe any of them. I dont care what the headlines say. It's all theatre and also a form of grooming for us regular folk. Canadians are tough, resilient and courageous and we Love our country and our sovereignty just like all the others Trump seems to be pitting against the U.S. There's a bigger picture going on here and we best "look in all directions" and pray❣️
When u have nothing good to offer, no negotiations needed
Hey Canada Aus here time to blind 2 of the five eyes.
🤣😂 I have always loved the Aussie humour. 🇨🇦❤️🇦🇺🦘🙌🙌
Canada will be taken before the Pentagon lets it's northern flank crumble.
NZ here. PLEASE take us with you, out of 5 eyes.
Another problem is that there is no such thing as an "American' car anymore, even if the car is assembled in the US, it will always have major assembly components from another country, like the transmission assembly coming from Mexico, and the suspension assembly coming from Canada.
The whole point of all this is to bring manufacturing back to the US. if the foreign stuff is too expensive, we will make our own. Tariffs are being used as leverage to renegotiate trade deals. If all the smooth brains could stop chimping out, in about 2 yrs time your wallet will be overflowing with a stronger US dollar.
Good luck finding people who have a clue here, even Sean has been dropping the ball on reality. Too busy putting out different content to bother to do any research.
He can claim Ch is the big winner all he wants, but the amount of crying everyone here is doing says otherwise.
My God I love this channel. This guy is working overtime as always during this administration. The craziness is going all over the place that theres no time to rest.
Exactly
"All right guys, welcome back to your Economy Armageddon Update and the news just keeps getting worse ..."
Well, that's a comforting start to the video (not!)
The best person to hear this type of news from is Mr. Foo and his excellent analysis.
Seems American people still hasn't realized that their dollar has kept losing value since few week ago till now... today gold reached 2900 and it means USD keeps going down
Just a couple years ago gold was 1800. This is a sharp decline.
Annnnd how do we bring its value back up??? By building things to export.
You still haven't realized that.
No dummy... trump had to lower the value of USD but his arrogance doesn't let him to be wise.
@ lol you can't even use the reply button correctly and you are calling other people dummy?
Utube banned it... utube just likes dumb people like u .... so u think u r a genius because u can push the reply button 😂😂😂😂😂😂
USA pressing the panic button to self-destruction. The shit has hit the fan. What a mess
Bob's wife here... he is a business man. If you are doing trade with a country and have a 200 billion deficit... time to rethink the trade agreements. He wants to balance HIS country's budget. Canadians budget will balance itself lol I wish we had a DOGE here in Canada!!!!!
@@bobross6593 You Trumpers are math impaired. He will never balance the budget. With tax cuts the deficit will only increase. Why is Trump such a math idiot. When Trump is done the national debt will hit 40 trillion and nothing the idiot can do about it.
We dont see hardly any US manufactured vehicles in the Uk/Europe, I think mostly because our city /town roads and carparks are historically small, and US vehicles simply dont fit.
Made in USA is only a possibility (distant) if labour costs are comparable to those in Vietnam, Indonesia, Thailand, Philippines, Laos, Myanmar and Cambodia. That is basically most of the countries in South East Asia. BUT are the American workers willing and able to live on such wages in America?
We are talking about just labour costs.
What about cost of inputs? What about the red tape in the sophisticated bureaucracy? Just to name a few…
America has been weaned on heavily “subsidised” goods for far too long.
Wake up!
Tariffs are not the way to go. Free trade is.
Most of the oligarchs would be happy to pay south east asian wages.
it's high inflation because the wealth is concentrated
imagine if their currency is gold, when gold is concentrated their economy is dead, the rest of the people don't have gold to spend
but what if the govt can print out gold
there is an illusion of people holding gold but their values have dropped
and later when the govt recollect those printed gold, the rich are exempted from taxes, so where did they took it from
The Americans are willing to live with those low wages provides the cost of products can be brought down. Note that these basic needs are hijacked by the rich top 1%, they have invested in everything, they are the ones keeping prices up and had over the years squeezed out the wealth from the Joes of America such that now there are classes within the middle class. The only way out is, the top 1% must let go some percentage of their wealth to bridge the wealth gap btn the rich and poor. Ironically they, the Americans have been propagandized to believe that such move is communism and also breeds government control (of course the rich won't give their wealth without an exchange for some level of control in government and that's the chock point! )
SEA's factory worker = $10-13 a day.
even at $13 an hour it's already 8x. there's no way american will want to do $13 an hour. they want $25.
The other thing is, how many americans will even want to work in a factory these days.
The US manufacturing sector is mainly arms and aerospace which needs metals the tariffs are mainly a scheme to try to pay off the debt just as the carbon tax is the trick Canada is using because the money printing machine will be out of service!
Ford and Chevrolet were always big outside the US, even in Germany. It was only later that BMW and Mercedes took over because the American autos relied on pure gas guzzling muscle whereas the European cars relied on fuel efficient performance. This became critical during the 1970s oil crisis.
I think everyone is looking for alternative to the US market right now, and I do mean EVERYONE.
Err... US cars are notoriously badly made, expensive and far from being fuel efficient. Would you buy that if something is better, cheaper and more fuel efficient? Plus, there are workmanship and branding, none of which the US automakers can claim.
I think your just making shit up and pulling it out of your ass
Oh man, I love your reports on this circus, good job & thanks 😆
That’s Mr. Sean Foo our apocalyptic reporter from Singapore 🇸🇬.❤❤
The US auto industry has been in trouble for years, and I think it is because the corporations are non-competative. How many times over the decadess have thyey been bailed out, and all the laws to make sure cars are made in the US instead of imported. The auto industry in nthe US has rotted. It is not capitalism but crony capitalism.
I live in the UK and ive never seen an american car.
@@johnblack6161 you see teslas but other than that.. pretty rare.
Most of them wouldn’t fit in most UK streets
@@jamesheath7596Most Teslas are made in China.
@@MsDarylM this is a major reason. Many American made vehicles are massive and every year they get bigger. Many countries have regulations on the size of vehicles which the US thanks to legal bribes does not.
@@jamesheath7596the funny thing is, Tesla mainly made in China 😂😂
Here in Australia, there are some US made imports. The most common one I see is the Ford Mustang, which filled in for the Ford Australia performance offerings when they closed their Australian production. GM brings in their Camaro as well, but GM still hasn't figured out how to build right hand drive vehicles, so the Camaro is converted from left to right hand drive locally, which adds a 50% premium to its price. The Mustang is 60k and the Camaro is 90k in local money. Subsequently, the Camaro is a rare sighting on our roads.
GM also brings in the Silverado and Dodge sells their Ram, both of which are converted to RHD locally, both command a very high price and their size isn't a good fit for Australian roads and parking areas.
I've seen a few but they're more a speciality item, their owners tend to be a bit "special" too. I don't see the US selling more in Australia, less seems to be more likely.
We get the Mustang in the UK also but it has a starting price of $110K AUD. Unsurprisingly, the don't sell many.
US economy could be saved if US would reduce the value of USD but the US gov is too arrogant to do such a wise move.. only that way US can sell products
Canada has trillions in resources yes, but it will cost trillions to extract these resources and ship them to world markets. It’s basically a nonstarter. Chinese interests are 20 years ahead in resources much cheaper to extract .
I am a retired Canadian who was brought up in the automotive industry.
The quality of US cars is poor and what they currently make is overpriced. They have had limited success is making small vehicles as the few that they produced over the years were basically junk (I.e: the Ford Pinto and the Chevrolet Vega). Since they couldn't make money in the small car segment, they would import these vehicles from other countries and place their nameplate on them. Most of the small cars sold here were either Japanese or German made cars.
Over the past decade or so, the American manufacturers focused much of their efforts on making big pickup trucks at very high prices. Post Covid pricing for these products has gone beyond what many in the middle class are able, or willing, to pay. A lot of pickups are close to, or over, $100,000, which is insane. Dealer lots are packed with new trucks, and some of them are one or two model years old. The media calls this "lot rot".
American branded vehicles are my absolute last choice, due to overpricing, poor quality, and unpleasant dealer experiences.
Thanks
Imposing tariffs won’t ensure manufacturing returns to America. Those jobs left because it was cheaper to build elsewhere, that won’t change.
China will never put tariffs on Steel and Aluminium!
They use them for manufacturing stuff, so they like them cheap. 🙂
Car making in the U.S. was already in deep shit TBH. Legacy auto was too complacent and short sighted for well over a decade, and didn't see the writing on the wall: They needed to bet on EVs when Elon and Chinese manufacturers did.
Excellent source of information and breakdown
In Switzerland there are some Ford Focus cars, but it's true that most people just don't want them. Now there is a lot of pub for BYD and they are cheap, 17 thousand francs. This is great for lower income people, but the Swiss have the moey and they like more expensive brands.
Another good one
next he"ll give france to england in exchange for canada..after all he's the king of the world
Thanks for the hard work. Hello from Thailand!
It seems that more and more countries are realizing the fact that the rare earth minerals are the future and now they are trying to desperately secure their supply so good luck to those countries that have them because they will face some unprecedented pressure.
Tariffs will increase costs of finished goods and components used throughout US manufacturing. This will be an immediate and huge hike in inflation. To fight inflation the Fed will have to hike interest rates which will be wonderful for the billionaires but possibly take away the middle class. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. So how exactly can we guard against the coming financial reset Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $310k stock portfolio.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 75 cash earning 5.25 interest, 685k in roth ira, 120k in 401k, Gold and silver bars. age is 48. My advisr helped me realign my portfolio to my risk tolerance and it boomed shortly.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
‘’Lisa Grace Myer'' is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Every U.S so-called presidents ( after ww2 ) are funny as hell & dangerous at the same time.
Bob's wife here... he is a business man. If you are doing trade with a country and have a 200 billion deficit... time to rethink the trade agreements. He wants to balance HIS country's budget. Canadians budget will balance itself lol sure wish we had a DOGE here!!
Hi, Sean, Just an honest feedback. I have been enjoying your smooth presentation. Your past few videos looks like they were made in a hurry. I know certain things are not your expertise but simple facts like population of Canada and US can easily be googled and the right figure put into your video. Thanks for your videos and summary of the important financial news. Look forward to more smooth presentations from you.
Canada sells it’s natural resources to the US at wholesale pricing, and the US then sells to the world at retail pricing.
The need to diversify our economy (Canada) has been talked about since the demise of the British Empire but we can't compete, except in natural resources. Therein lies the problem; we have climate change fanatics running this country and therefore no new mines or oil wells will be open. What good is having all these natural resources if we don't utilise them?
Just for the narrative: there will NEVER be "cheap energy from Russia" for Europe. That ship left the harbor forever.
You phoned it in on this one.
Remember, we used to have Ford and Chevrolet here... which were actually Daewoo.
C'mon Sean ... you always say it's "getting worse".
How much worse can it get????
Wait ... Don't answer that. 😒😒😒😒😒😒
It’s the apocalypse hype that keeps us coming back. Sean Foo has got the 🧃 juice.
If the car tariffs are going to be reciprocal between the us and Europe. Why doesn’t Europe reduce their car tariffs to zero so that is reciprocated . After all, who buys us cars in Europe , apart from Tesla you rarely see them.
Reverse gear. None of these concerned parties have one.
Europe actually doesn't have any tariffs on the US products. Europe has a VAT (value added tax) system in which both producers and importers pay the tax.
It's not as simple as adding or removing the tariffs
@ not what chat gpt says. It says 10% on cars and various charges on other goods.
@ Yes, the European Union (EU) imposes import duties on vehicles imported from the United States. As of now, the standard tariff is 10% on passenger cars. However, recent developments indicate that the EU is considering reducing this tariff to align more closely with the U.S. rate of 2.5%. This initiative aims to de-escalate potential trade tensions between the EU and the U.S. 
In addition to import duties, vehicles imported into the EU are subject to Value Added Tax (VAT), which varies by member state. For instance, in the United Kingdom, the standard VAT rate is 20%. Other fees, such as registration taxes, may also apply depending on the specific regulations of each country. 
It’s important to note that trade policies and tariffs can change due to ongoing negotiations and economic policies. For the most current information, it’s advisable to consult official EU resources or contact customs authorities directly.
The U.S. auto industry has been structured around a global supply chain for decades, with many critical components (such as batteries, transmissions, and electronics) coming from Mexico, Canada, and Asia. Even if automakers wanted to ramp up production, they would need years to build new plants and supply chains.
Back then when I was in US the local passed a remark on Ford which was 'shit' to owe one quality which was beyond imagination
Found on Road Dead or Fix or Repair Daily were the names we used back then...nobody would buy Fords or GM's unless you liked trucks...most sensible people looking long term in the US would always go for Hondas or Toyotas. They lasted longer, were better quality and were cheaper.
@@fillyjamalama5201 Found on Road Dead 🤣 Obviously I haven’t been around vehicles enough.
I live in a border town in BC, Canada, only about an hour's drive from USA. There are very few American brand cars on the road, most people drive Toyota, Mazda, Subaru, etc. all-wheel drive cars and hybrids, and SUV's, along with some European makes like Volkswagen, Volvo, BMW. Some Ford and GM trucks are seen, but here too, mostly Asian imports. American cars are not seen as good value for the price, and tend to be less fuel efficient. Of course, many of the 'Asian' makes are now manufactured in Canada and USA and Mexico, so I am not sure what effect Trump's tariffs will have on their cost.
Australian PM Albanese wants to talk to Trump about his steel tariff. An Australian company already makes steel in the US and we take thousands of their horrible giant pickup trucks with little or no tariff - why would city drivers need to have a huge pickup? We get a lot of agricultural machinery from them too. All made from their steel.
That's an interesting point Sean, if Canada can establish the energy alternative for the EU, what currency will they use in trade? Euros, Canadian or US? It is doubtful that the Canadians would choose to use US dollars at this juncture given the current situation.
The only American vehicle that seems to be the Ram truck. And the advertised use for the truck, only 1 - 2% use it for that purpose.
Americans will have a limited choice of locally made, poor quality, overpriced cars… don’t u think it’s reminiscent of the Soviet economy in the 80s
Trump say TARIFF is a beautiful word. So other countries also using the beautiful word tariff with USA. 😂😂😂
Thank you Sean. 🌹
The U.S does not have efficient power sources to sustain long-term business because of outdated infrastructure and limited development to how big a company can build or produce. Power-grid is falling apart along with endless of powerline across all major U.S cities!!! Also you have limited transportation and outdated mythological transportation sectors to how a company can transport across each states and specific roads ways like toll roads. All of these internal rules and law by each state are extremely expensive for any foreign company to even invest in the U.S all together without getting bankrupted in the first year of doing business!
This also tied to work forces employment in the U.S as every state and cities do not meet specification of jobs criteria or at least jobs performance and experience enough. Even American business and those seeing this issue and concern has not yet even bothered with this sector issue because it is too expensive for them too!
it not only critical minerals - the US needs Canadian fresh water more as +100 million people are living in water vulnerable area and it is is getting dryer to the point they might only have 20 years left on their water reserves. if one bases on the how fast their aquifers and water sheds are dropping in the last 20 years
I was just in Mexico and envied their selection of cars, vans and trucks available to them. They seemed affordable and economical to operate. The US will be left behind again as it was when Toyota and other Japanese brands swept the US market with affordable, reliable and economical vehicles. Only this time. We in the US won’t be allowed other options other than the current crap they try to push on us.
America will very soon in my opinion be one of the most expensive countries in the world for American citizens in particular the middle class. Trump will call higher prices winning and claim higher prices is not inflation which technically it is not however for citizens it will feel the same.
Good afternoon Sean
Americans love paying higher prices as Trump says it is good for the country
As a modern-day mechanic i find newer cars are the least reliable as far as longevity, they have major component failures, engine, transmission, cooling system , wiring,, and the list is endless, but i must say poor engineering on the behalf of car, and truck manufacturers keep me employed,, business is boooooooming 😊
The cars are not wanted by the buyer in the car market outside America
Brics + should form asingle market and without using dollar and isolate us and eu from supply chain
What time is it in Singapore? Sean now on 24/7 alert ..... 🙂
Not entirely fair comments regarding US autos in Europe. Europe imposes protectionist tariffs and also mandates environmental standards that exclude autos from foreign manufacturers.
The solution is to scrap ALL tariffs worldwide and let the free market decide where the best value for money is.
JUST AWESOME
THANKS AGAIN
Morning
1:35 In the morning where I live.
@StanleytheCat-v8z Bosnia 08:48 now...
Sean, heads up. A BMW in the United States is referred to as either a BMW or a Beamer. The acronym BM stands for bowel movement, you may want to update your car reference usage 😂
Thank you.
I will laugh so hard if Castro turdeau will join brics and end up being the savior of Canada.
there are a lot of ford rangers in Thailand, but not much else from usa. lots of byd and Chinese cars too. in laos, i dont see much American made.
i am pleased with canada severing ties with america. should have been prioritized decades ago. good luck finding quality materials Herr Trump! btw, loving your vlogs - hope you are having best day, cheers from Canada
NO MATTER HOW BIG THE BALLON IT CAN NOT RESIST A NEEDLE - ACTIONS And REACTIONS IS JUST A CONSTANT
Nascar , says it all, round and round, ever decreasing circles.❤❤❤😂😂
There are many Ford and GM around. GM is Opel in Germany.
With the price of petrol very high who wants to drive around in a V8 gas guzzling American ice car or Tesla's extremely overpriced and outdated EV's. Americas car manufacturing and tech manufacturing is light years behind China and there's no chance to catch up anytime soon.