Tariffs, Trade Wars, and Tensions: How Real Are They
Show Notes
What if tariffs and trade wars are just the tip of the iceberg in North American relations? Join us for a heated discussion as the guys from The Rant Network dive into the fiery trade tensions between the United States, Canada, and Mexico. We dissect the 25% tariff imposed on Canada by President Donald Trump, and explore the border security issues fueling this economic showdown. Hold on to your seats as we scrutinize Canadian Prime Minister Justin Trudeau’s response to these accusations and ponder the fallout of potential Canadian retaliation. This isn’t just about numbers; it’s about the complex dance of politics, security, and trade that defines modern international relationships.
00:00:00.461 --> 00:00:07.790 Ladies and gentlemen, it's a peaceful Monday here, as of course, the United.
00:00:07.809 --> 00:00:17.853 States President has decided that his friends are his enemies and he says, quote that every country in the world has ripped off the United States.
00:00:17.853 --> 00:00:20.882 Odd for a man who ripped up the North American Free Trade Agreement just a scant five, six years ago.
00:00:20.882 --> 00:00:38.517 Ripped up the North American Free Trade Agreement just a scant five, six years ago, ripped it apart and said I'm being ripped off on a deal that he opened on his own, on a deal that he demanded some years ago, and now is telling everybody the US is being ripped off.
00:00:38.517 --> 00:00:44.542 Welcome back everybody to the Rent Network.
00:00:44.542 --> 00:00:45.543 I'm David Solomon, he is Stuart Priskell.
00:00:45.543 --> 00:00:51.954 If this rent doesn't get you to figure out how we do challenge the status quo, then you haven't been listening.
00:00:52.299 --> 00:01:06.087 Today, this unedited, unfiltered, uncensored and really unapologetic conversation we'll dive into right now what is probably the most important subject in North America today, let alone where it might go tomorrow.
00:01:06.087 --> 00:01:07.260 This is it, folks.
00:01:07.260 --> 00:01:15.213 This is all about diverse perspectives, where we're going to make you laugh, think, get angry, go hmm and probably shout out today at the screen.
00:01:15.213 --> 00:01:20.585 Sit back and relax, folks, because we are about to dive into really this hot topic.
00:01:20.585 --> 00:01:25.894 Is Donald Trump doing this right Now, stuart, before I pass you the mic.
00:01:27.501 --> 00:01:33.522 I've heard this argument and I don't disagree that the theory behind closing the borders, protecting the borders.
00:01:33.522 --> 00:01:35.004 Canada's done a lousy job.
00:01:35.004 --> 00:01:40.521 We know that Canada, mexico have not done a good job and Donald Trump went out and said I need to close and secure the borders.
00:01:40.521 --> 00:01:43.602 Donald Trump went out and said I need to close and secure the borders.
00:01:43.602 --> 00:02:06.712 But to stand there today and say I'm slapping an arbitrary 25% tariff arbitrarily until you close the borders not only breaks the international law of trade, it also breaks the one agreement that he put together some few years ago.
00:02:06.712 --> 00:02:16.298 It's awesome to see how Donald Trump also doesn't seem to mind that Americans are in what he called some short-term pain.
00:02:16.298 --> 00:02:29.771 Boy Stuart, don't you think he's giving the Democrats a little bit too much fodder right now and probably not listening to some of those advisors going?
00:02:29.771 --> 00:02:33.905 This is not necessarily the best approach, stuart, but I'll let you talk about how really Canada is really screwing the United States.
00:02:34.306 --> 00:02:36.754 Well, let's first just look at real numbers.
00:02:36.754 --> 00:02:47.175 David, the trade imbalance in Canada and the United States is, by my definition, 1% versus close to 20%.
00:02:47.175 --> 00:02:52.372 I'm going to share another slide, so at least, I can replace One second, one second.
00:02:54.586 --> 00:02:55.389 What are you showing?
00:02:55.389 --> 00:02:56.431 What are you showing?
00:02:56.819 --> 00:03:01.570 I'm showing a trade imbalance of minus $78.20 billion.
00:03:01.570 --> 00:03:07.510 How come that's on that screen there, which is pretty much no different than it was.
00:03:07.510 --> 00:03:12.133 If I go back to the years of COVID, it was even lower.
00:03:12.133 --> 00:03:15.002 The trade imbalance between Canada and United States, right.
00:03:15.002 --> 00:03:19.211 So United States is the deficit of about 18 percent.
00:03:19.211 --> 00:03:20.800 Let's go to the next slide.
00:03:20.800 --> 00:03:21.643 Let's go here.
00:03:21.643 --> 00:03:24.669 Let's look at the dollar imbalance.
00:03:24.669 --> 00:03:27.121 I moved the slide on my screen, sorry, guys.
00:03:27.121 --> 00:03:30.527 You're talking about how much, how much?
00:03:30.527 --> 00:03:33.013 $300 billion.
00:03:33.013 --> 00:03:41.068 So Canada is running $78 billion of imports versus $300 billion of exports.
00:03:41.169 --> 00:03:51.915 Okay, just to stop with this whole thing, that it's a massive deal when people are bugged out is, you're right, the border and you started off by saying it right.
00:03:51.915 --> 00:03:58.772 There's an issue at the Canadian border and the lax mentality the Liberal government has had for the last decade.
00:03:58.772 --> 00:04:03.088 And it's not necessarily exactly fentanyl coming across the border.
00:04:03.088 --> 00:04:24.610 It is the products that make fentanyl that are streaming across the Canadian border, making its way to Mexico and coming back up the border, which is what has gotten the US government in a pickle, not to mention the transportation of illegals going back and forth, which is probably the secondary issue of this issue with Canada.
00:04:24.610 --> 00:04:32.310 And if you want to understand the flow of fentanyl, you'll understand that it stems from number 24.
00:04:32.310 --> 00:04:42.670 Another slide I'm going to do because David likes to say that he's the old wisdom expert as he tries to find out here In slide I put up right now fentanyl flow to the United States.
00:04:43.040 --> 00:04:44.903 Look at number 24.
00:04:44.903 --> 00:04:48.271 Hails right into what state, there you go.
00:04:48.271 --> 00:04:52.742 So, as you can see, it is there.
00:04:52.742 --> 00:05:06.807 And that is one of the main reasons why Canada is getting blamed for part of the fentanyl scan, because China ships Sorry, go on, shut me up, no, go ahead.
00:05:08.199 --> 00:05:46.274 You know, which is why the United States has put a tariff on to Canada until the Canadian government, the invertebrate little boy Trudeau, puts the border back up and runs things that get them to say, ok, we'll respect that border now and we will put troops there and we will no longer allow the flow of illegal migrants and the chemicals used to make fentanyl, which is what has the US government, with a radar and having a bullseye on Canada.
00:05:46.274 --> 00:05:50.230 Not that you're bad people, no, you have a bad government.
00:05:50.230 --> 00:05:52.442 And that bad government's costing us.
00:05:52.442 --> 00:06:03.331 And, by the way, if Canada tries to retaliate, I assure you the United States again has 1% export to 20% import.
00:06:03.331 --> 00:06:16.310 And just so that you know, whatever Canada does that tries to hurt the united states is amplified 20 times the power because you guys are without the supply.
00:06:16.310 --> 00:06:26.973 It may be able to be replaced, but that replacement will take years to put channels in and get orders on the way, and that's the bottom line.
00:06:26.973 --> 00:06:29.370 It's much easier close the border.
00:06:29.370 --> 00:06:31.560 Do what you're supposed to do.
00:06:31.922 --> 00:06:33.586 I'm sorry, could you please excuse me?
00:06:33.586 --> 00:06:36.331 Could you please specifically delineate?
00:06:36.331 --> 00:06:43.161 Because nobody can, because Donald Trump has yet to determine exactly what he wants and everybody's been asking him.
00:06:43.161 --> 00:06:45.346 Can you say what exactly you want?
00:06:45.387 --> 00:07:04.463 He says when they do it to my satisfaction, I'll remove the tariff, you're right you know, unlike your dumb ass trudeau and our previous dumb ass biden, who telegraphs, we're gonna bomb you in east.
00:07:04.483 --> 00:07:17.396 So you're telling me, so you're telling me, you're telling me you're telling me, I believe it's my belief okay it's my belief, this government runs in a way that it will meet with the leader.
00:07:17.737 --> 00:07:19.161 It will discuss the problems.
00:07:19.161 --> 00:07:22.307 What they mutually decide is public consumption.
00:07:22.307 --> 00:07:29.730 They will put a release statement out, the same thing they did with columbia, the same thing they're going to do with Venezuela.
00:07:29.730 --> 00:07:32.374 The same thing they're going to do with Canada and Mexico.
00:07:32.374 --> 00:07:38.413 Canada needs to own its fair share of problems at the border.
00:07:38.413 --> 00:07:59.266 It needs to stop the flow of these illegal chemicals that kill millions and millions of people, which, by the way, just so that you really should know, you might want to Google the fact sheet on the imposed tariffs because, as David seems to want to constantly say, there is no facts, there are no reasons.
00:07:59.266 --> 00:08:07.413 I'm dropping the link in the chat where you can actually find the White House, which completely breaks down what this is.
00:08:07.413 --> 00:08:13.505 What's it about, instead of dumbass media personalities trying to interpret what it is?
00:08:13.505 --> 00:08:15.350 And now, why don't you take a look?
00:08:15.350 --> 00:08:19.526 Because, david, you can now look with all of our guests at the same time.
00:08:19.526 --> 00:08:21.271 Look, david.
00:08:21.271 --> 00:08:22.132 What's the issue?
00:08:25.646 --> 00:08:33.068 Hey, stuart, while you insult everybody and nobody could see on screen anything you're doing, but that's okay While you insult everybody, let's just let me ask this question.
00:08:33.068 --> 00:08:36.385 So the American president who we've said listen this channel.
00:08:36.385 --> 00:08:42.950 We've said all along we are going to be right-wing conservatives, we believe in the conservative policies and whatever.
00:08:42.950 --> 00:08:54.046 And here's one time where I'm saying I think your president went too far, because if he treats Canada like Colombia and Venezuela, what is Britain and France supposed to think?
00:08:54.046 --> 00:09:03.783 And really the reality is that I get that this is a president that ran on an America first policy, and I don't disagree on an America first policy, but this isn't America first.
00:09:03.783 --> 00:09:10.778 What he's done here is, rather than and listen, does he have a disdain for Pierre Trudeau?
00:09:10.798 --> 00:09:12.280 Sorry for Justin Trudeau.
00:09:12.280 --> 00:09:14.105 I should say Sorry, absolutely.
00:09:14.105 --> 00:09:20.967 There's no doubt Justin Trudeau and Barack Obama did their best to get rid of Donald Trump in the 2020 election.
00:09:20.967 --> 00:09:33.467 We know what happened here, there is no doubt, and we also know that Donald Trump is trying to retaliate hard against Trudeau and make his life as miserable as possible, bringing up the 51st state, bringing all this.
00:09:33.467 --> 00:09:39.032 This is not friends working out their disagreements Well, I.
00:09:40.561 --> 00:09:41.283 No, no, no, no no.
00:09:41.344 --> 00:09:43.982 I let you go, I let you go, I let you go for five.
00:09:43.982 --> 00:09:45.086 You got a shot.
00:09:45.086 --> 00:09:47.873 You got a shot, stuart.
00:09:47.873 --> 00:09:53.847 Stuart, in typical childish fashion, you're showing the level of immaturity of your president.
00:09:53.847 --> 00:09:59.249 It's either do what I say, stomp my feet, cry, yell, and if I don't get what I want, my way, I'm going to just double down.
00:09:59.249 --> 00:10:13.546 That's the mistake that I think Donald Trump has made, and I have not said that he's made a lot of mistakes in the last few months, but here's where he made a mistake, Because even the conservative leader in Canada here is saying whoa you, what are you doing?
00:10:14.509 --> 00:10:18.924 You know you could sit here and talk about numbers, but let's talk about a reality, stuart.
00:10:18.924 --> 00:10:23.868 Would you like to see a slowdown of cars in terms of car manufacturing in the United States?
00:10:23.868 --> 00:10:25.134 Well, that's what you're going to get.
00:10:25.134 --> 00:10:26.780 You want to see a slowdown of homes?
00:10:26.780 --> 00:10:31.491 Yeah, that's what you're going to get, because you could show me numbers and you're right, there's a tremendous imbalance.
00:10:31.491 --> 00:10:40.886 But that's the reality of trade and that was the whole original North American Free Trade Agreement, or what was the original US-Canada Stuart, stuart, stuart, stuart.
00:10:50.333 --> 00:10:52.399 Have a great day everybody.
00:10:52.399 --> 00:10:55.183 Stuart just seems to play immaturity at its best.
00:10:55.183 --> 00:11:03.303 It's a typical ploy, because you know, when you tell somebody who doesn't want to listen, they might have a possible different opinion.
00:11:03.303 --> 00:11:05.480 Stuart, I want to congratulate you.
00:11:05.480 --> 00:11:06.605 I'm sorry.
00:11:06.605 --> 00:11:11.462 I'm going to tell you one thing I think you're more of a Democrat because you're playing like a Democrat.
00:11:11.462 --> 00:11:20.076 Republicans claim that they're open-minded and listening, and you're playing the role of a Democrat.
00:11:20.076 --> 00:11:21.480 So thank you so much for being the lefty of this channel.
00:11:21.480 --> 00:11:40.523 The reality, folks, is that the United States, canada and Mexico are intertwined in their economic dependencies and while there are, financially, trade imbalances and Stuart will love to throw numbers at you and say this is the only thing that matters is the trade deficits and that Canada and Mexico totally depend on the United States.
00:11:40.523 --> 00:11:44.687 We get it, but that's called interdependency, that's trade.
00:11:44.687 --> 00:11:47.549 The whole idea of bringing down no, no, no, wow.
00:11:47.950 --> 00:11:49.291 Wow, wow, wow.
00:11:49.350 --> 00:11:54.576 No, I let you put up these dumb charts, shah.
00:11:54.576 --> 00:11:57.544 The interdependency is there.
00:11:57.544 --> 00:12:04.708 To say that the United States can be autonomous and doesn't need the United States is actually a contradiction.
00:12:04.708 --> 00:12:09.600 When Trump said we need the pipeline from Canada, ok, don't tell me.
00:12:09.600 --> 00:12:13.408 Listen, I get what he's trying to do, stuart, and I'm saying you want to renegotiate?
00:12:13.408 --> 00:12:14.154 You want to close the borders?
00:12:14.154 --> 00:12:14.716 Please do.
00:12:14.716 --> 00:12:16.500 I'm sick and tired of the fentanyl.
00:12:16.500 --> 00:12:18.725 I'm sick and tired of these illegal migrants.
00:12:18.725 --> 00:12:20.899 I'm sick and tired of the terrorists crossing the borders.
00:12:20.899 --> 00:12:23.746 I agree that Trudeau has completely screwed up.
00:12:23.746 --> 00:12:26.397 Scheinbaum doesn't give a crap, none of this.
00:12:26.397 --> 00:12:34.384 But to sit there and hurt Americans because this is what it's going to be the average American.
00:12:34.384 --> 00:12:40.091 Did you put up how much the cost of living is going to go for the average American, stuart, with these tariffs?
00:12:40.091 --> 00:12:42.176 So this is the problem.
00:12:42.176 --> 00:12:48.576 Stuart likes to continue to show the numbers, but he doesn't want to show you the other side.
00:12:48.576 --> 00:12:50.217 So that's why I call him the Democrat.
00:12:50.258 --> 00:13:03.914 He's a Democrat, david, what I love about your banter and your claim to say that I that that I am being just so Bavarian in nature.
00:13:03.914 --> 00:13:06.542 The trade imbalance is right there.
00:13:06.542 --> 00:13:07.966 I have the chart I just put it up.
00:13:08.274 --> 00:13:11.623 And yes, you have one, david, and not emotions.
00:13:11.623 --> 00:13:14.855 And you're rather emotional on the subject and not emotions.
00:13:14.855 --> 00:13:16.198 And you're rather emotional on the subject, I'm sorry to hear.
00:13:16.198 --> 00:13:22.575 What you fail to understand is in your negotiating with a banana republic led by Justin Trudeau.
00:13:22.575 --> 00:13:30.577 Unfortunately, there are not very many ways to deal with someone like that except to eviscerate them totally and let them take the lead.
00:13:30.577 --> 00:13:38.705 Really, really, right, really, because clearly, clearly, the Canadian government does everything that it needed to do.
00:13:39.105 --> 00:13:41.907 That was in an equal, nice, neighborly fashion.
00:13:41.907 --> 00:13:47.312 Hey yo, motherfuckers to the north, why don't you just sort of pay more attention at that border?
00:13:47.312 --> 00:14:02.634 We know it's big and long, but coming right through these main ports, like where New York joins Canada, there's a lot of shit coming in that are byproducts, are making fentanyl and killing millions of people in our country, in your country.
00:14:02.634 --> 00:14:03.296 Hey, you know what?
00:14:03.296 --> 00:14:04.298 Why are you doing your job?
00:14:04.298 --> 00:14:10.922 Well, you know, I'm sorry, we just can't, we're just, we're just not, we're just not interested.
00:14:10.922 --> 00:14:12.085 We don't think it's a problem.
00:14:12.085 --> 00:14:19.980 And let me tell you something I believe that probably by the end of the week, this will all be resolved.
00:14:19.980 --> 00:14:28.025 And just so that you know, david, the imbalance of trade deficit and what you're trying to make up is oh, it is import, the deviation is five.
00:14:28.025 --> 00:14:42.985 And what is your end going to cost any American?
00:14:42.985 --> 00:14:43.966 Oh boy.
00:14:45.198 --> 00:14:54.629 Even your own people, if Donald Trump admitted it on his last night that there's going to be short-term pain for Americans.
00:14:54.695 --> 00:14:59.004 Yes, I do agree, it is a massive ordeal.
00:14:59.215 --> 00:15:02.946 You're talking when you've campaigned and this is the hypocrisy story.
00:15:02.946 --> 00:15:08.120 You campaigned on this that you're not going to raise costs, that you're going to lower costs.
00:15:08.120 --> 00:15:18.498 Now, stuart, you're sitting here today and you're telling me that the United States is going to play the same old bully tactics and not help.
00:15:18.498 --> 00:15:21.625 Listen, do I think that this is the right approach?
00:15:21.625 --> 00:15:23.719 I just said to you no, I don't think so.
00:15:23.719 --> 00:15:25.668 I think Canada has a responsibility.
00:15:25.668 --> 00:15:28.457 I think there was a different approach.
00:15:28.457 --> 00:15:39.844 If you want to play a trade war and that's what it is, and you know what, stuart Today I have to go talk to businesses and say now, what do we do about our growth into the United States?
00:15:39.844 --> 00:15:45.221 Because right now, exporting from Canada into the United States costs 25% more.
00:15:46.095 --> 00:15:49.934 You know Canadians are going to travel On certain things, not on everything.
00:15:49.934 --> 00:15:53.051 Again, the lack of knowledge that you seem to bear.
00:15:53.051 --> 00:15:53.754 You know what, you know what.
00:15:53.754 --> 00:15:54.902 Can you just shut the?
00:15:54.942 --> 00:15:56.796 fuck up, shut the fuck.
00:15:56.796 --> 00:16:04.905 Ok, yes, a limited number of items.
00:16:04.905 --> 00:16:12.916 Yes, it is, but you created a problem on three borders and you don't seem to want to buy.
00:16:12.916 --> 00:16:15.846 All you want to do is to say well, we're getting fucked.
00:16:15.846 --> 00:16:17.432 You're just quoting your president.
00:16:17.432 --> 00:16:19.244 The United States is getting fucked.
00:16:19.244 --> 00:16:20.827 Therefore, we're going to fuck you.
00:16:21.168 --> 00:16:38.788 If that's the attitude, good luck negotiating with any government, because at the end of the day, whether it's a conservative government or a liberal government, stuart, no hold on this is the mistake that he's making when we elect a conservative government, which is what he wants.
00:16:38.788 --> 00:16:47.493 Here in Canada, pierre Poliev is not going to trust Donald Trump, because he's going to know that the handshake is going to be there and the knife will be in the back, because at any moment, he could react.
00:16:47.493 --> 00:17:02.164 And if this is the way you want to negotiate, stuart, and I'll give you the last word, because I think that you guys just fail once again to recognize that, yes, I see the math and I get what you're saying, but that is called trade.
00:17:02.164 --> 00:17:14.297 The whole idea back in 1990 of free trade was to create specialties in each country, to depend on each other, to be better at it and to lower costs.
00:17:14.297 --> 00:17:17.409 This is not what was created 35 years ago.
00:17:17.409 --> 00:17:20.920 Stuart, last word to you, since you are a Z-Maven.
00:17:22.001 --> 00:17:27.794 Well, clearly again, you're absent of facts and giving me all emotion.
00:17:27.794 --> 00:17:29.365 I am absent of facts.
00:17:29.365 --> 00:17:32.769 Free trade was signed in 92 and acted in 94.
00:17:32.769 --> 00:17:38.553 , and my father sat on the board of apparel where Canada got completely eviscerated on it.
00:17:38.553 --> 00:17:42.928 Anyways, long story short, NAFTA, North American free Trade.
00:17:42.928 --> 00:17:45.453 The word free should have been removed.
00:17:45.453 --> 00:17:46.583 It was no free.
00:17:46.923 --> 00:17:47.826 It's a dumb word.
00:17:47.826 --> 00:17:49.170 It was a wrong word.
00:17:49.170 --> 00:17:51.587 We know that we had an agreement.
00:17:53.423 --> 00:17:54.807 David, I thought I'm talking now.
00:17:54.807 --> 00:17:56.394 Let the adults talk in the room.
00:17:56.394 --> 00:18:08.326 As we now talk about North American Free Trade, we now know that the word free was not the right word there, especially when there's a divergence of over about 20 percent between the two.
00:18:08.326 --> 00:18:22.468 Bottom line is, david, I am telling you, sometimes the only way to talk to immature babies who seem to think their gonads have dropped when there are 30 million people is just really just a joke.
00:18:22.468 --> 00:18:25.075 You have to understand, david.
00:18:25.415 --> 00:18:37.520 This instance where Donald Trump has put in these tariffs is for the wow, shock and awe factor, which means you know what guys, you're coming to the table and we're going to come meet in the middle and we're not going to wait.
00:18:37.520 --> 00:18:43.431 And this is forcing the invertebrate Trudeau to come and say you know what, donald?
00:18:43.431 --> 00:18:44.452 I'm sorry.
00:18:44.452 --> 00:18:54.522 We need to fix this problem today and the matter that the United States has put Canada and Mexico in the corner by calculating.
00:18:54.522 --> 00:19:01.295 Why is it that United States put Mexico and Canada at 25% and China at only 10%?
00:19:01.295 --> 00:19:06.372 Because on the or the ergo effect on what the trade deficit is.
00:19:06.372 --> 00:19:28.107 In fact, stuff from China at a 10% tariff is far more detrimental to United States than anything from Canada or Mexico, but that's just what I believe and if you understand that, when United States, when United States finally starts opening the wells yes, david, we're running over because you wanted to yell curse and use profanity.
00:19:28.328 --> 00:19:32.592 Ladies and gentlemen, Stewart just seems to pretend that he is the adult in the room.
00:19:32.592 --> 00:19:36.365 I'll leave it to you to judge, because Stewart just likes to insult when nobody agrees with him.
00:19:36.365 --> 00:19:38.689 So on that note, ladies and gentlemen, thanks for tuning in.
00:19:38.689 --> 00:19:42.863 We'll be back here again on Wednesday, if Stewart still wants to talk to me, because
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