The US Canada War No One Wanted & You'll Pay For Twice!

Nearly 90%. That's the share of Nearly 90%. That's the share of America's 2025 tariff bill paid by you, America's 2025 tariff bill paid by you, America's 2025 tariff bill paid by you, by Americans. American companies and by Americans. American companies and by Americans. American companies and American shoppers. Canada didn't pay it. American shoppers. Canada didn't pay it. American shoppers. Canada didn't pay it. China didn't pay it. Ultimately, you, China didn't pay it. Ultimately, you, China didn't pay it. Ultimately, you, the people did. And frankly, that's why the people did. And frankly, that's why the people did. And frankly, that's why so many Americans are genuinely upset so many Americans are genuinely upset so many Americans are genuinely upset and why I see more and more Americans and why I see more and more Americans and why I see more and more Americans than ever moving abroad, leaving home. than ever moving abroad, leaving home. than ever moving abroad, leaving home. That's the Federal Reserve Bank of New That's the Federal Reserve Bank of New That's the Federal Reserve Bank of New York. In February, nearly 90% of the York. In February, nearly 90% of the York. In February, nearly 90% of the tariff's economic burden fell on US tariff's economic burden fell on US tariff's economic burden fell on US firms and ultimately on US consumers. firms and ultimately on US consumers. firms and ultimately on US consumers. And that's according to the Federal And that's according to the Federal And that's according to the Federal Reserve Bank of New York in this past Reserve Bank of New York in this past Reserve Bank of New York in this past February. And now Canada is doing the February. And now Canada is doing the February. And now Canada is doing the same thing, right? 15 to 50% on more same thing, right? 15 to 50% on more same thing, right? 15 to 50% on more than 700 American products collected at than 700 American products collected at than 700 American products collected at the Canadian border from Canadians. So the Canadian border from Canadians. So the Canadian border from Canadians. So what you have is two governments what you have is two governments what you have is two governments fighting a trade war and both of them fighting a trade war and both of them fighting a trade war and both of them sent the bill to their own people. sent the bill to their own people. sent the bill to their own people. Ultimately, it's us. It's you that are Ultimately, it's us. It's you that are Ultimately, it's us. It's you that are paying for it. I'm Canadian. Yes, I've paying for it. I'm Canadian. Yes, I've paying for it. I'm Canadian. Yes, I've been an expat living in Asia for the been an expat living in Asia for the been an expat living in Asia for the better part of two decades. So, in some better part of two decades. So, in some better part of two decades. So, in some sense, I don't really have a team in sense, I don't really have a team in sense, I don't really have a team in this fight, except that I notice more this fight, except that I notice more this fight, except that I notice more and more Americans living abroad, coming and more Americans living abroad, coming and more Americans living abroad, coming here to Asia, and the cost of living is here to Asia, and the cost of living is here to Asia, and the cost of living is their biggest concern, not partisan their biggest concern, not partisan their biggest concern, not partisan politics. But from over here, it looks a politics. But from over here, it looks a politics. But from over here, it looks a lot less like a war between two lot less like a war between two lot less like a war between two countries, and a lot more like two countries, and a lot more like two countries, and a lot more like two governments taxing their own citizens governments taxing their own citizens governments taxing their own citizens and then calling it patriotism. And from and then calling it patriotism. And from and then calling it patriotism. And from the long lens of history, we've seen all the long lens of history, we've seen all the long lens of history, we've seen all of this happen before. But the last time of this happen before. But the last time of this happen before. But the last time America tore up a trade deal with America tore up a trade deal with America tore up a trade deal with Canada, Canada became its own country, Canada, Canada became its own country, Canada, Canada became its own country, its own nation. If you've never watched

its own nation. If you've never watched its own nation. If you've never watched one of my videos before, I'm Evan A. I'm one of my videos before, I'm Evan A. I'm one of my videos before, I'm Evan A. I'm an expat living in Asia. And ultimately, an expat living in Asia. And ultimately, an expat living in Asia. And ultimately, if you're interested in the cost of if you're interested in the cost of if you're interested in the cost of living and life abroad, make sure to living and life abroad, make sure to living and life abroad, make sure to subscribe. Usually, only about 20% of subscribe. Usually, only about 20% of subscribe. Usually, only about 20% of viewers are subscribers. So, now let's viewers are subscribers. So, now let's viewers are subscribers. So, now let's get into what actually happened in the get into what actually happened in the get into what actually happened in the last year. I'm going to break down the last year. I'm going to break down the last year. I'm going to break down the full timeline for you based on facts full timeline for you based on facts full timeline for you based on facts again, not on politics, not on again, not on politics, not on again, not on politics, not on partisanship, the fast version, because partisanship, the fast version, because partisanship, the fast version, because most people lost track around three of most people lost track around three of most people lost track around three of this back and forth between the two this back and forth between the two this back and forth between the two nations. So in March 2025, Washington nations. So in March 2025, Washington nations. So in March 2025, Washington put 25% tariffs on Canadian goods under put 25% tariffs on Canadian goods under put 25% tariffs on Canadian goods under an emergency powers law officially over an emergency powers law officially over an emergency powers law officially over fentinel at the border. That was the fentinel at the border. That was the fentinel at the border. That was the argument. Within days though, anything argument. Within days though, anything argument. Within days though, anything that qualifies under the free trade deal that qualifies under the free trade deal that qualifies under the free trade deal is exempted. Steel and aluminum get 25% is exempted. Steel and aluminum get 25% is exempted. Steel and aluminum get 25% too and 50 by June. Cars get 25% in too and 50 by June. Cars get 25% in too and 50 by June. Cars get 25% in April. Canada hits back on about 60 April. Canada hits back on about 60 April. Canada hits back on about 60 billion Canadian dollars of American billion Canadian dollars of American billion Canadian dollars of American goods in two rounds. And the provinces goods in two rounds. And the provinces goods in two rounds. And the provinces pull American whiskey and wine off the pull American whiskey and wine off the pull American whiskey and wine off the liquor store shelves, generally liquor store shelves, generally liquor store shelves, generally infuriating all my Canadian friends who, infuriating all my Canadian friends who, infuriating all my Canadian friends who, you know, want a good bourbon. June you know, want a good bourbon. June you know, want a good bourbon. June 2025, Canada drops its digital services 2025, Canada drops its digital services 2025, Canada drops its digital services tax the day before the first payments tax the day before the first payments tax the day before the first payments were due, basically to get talks going were due, basically to get talks going were due, basically to get talks going again. August 2025, the emergency tariff again. August 2025, the emergency tariff again. August 2025, the emergency tariff goes to 35%. On September 1st of that goes to 35%. On September 1st of that goes to 35%. On September 1st of that year, Canada drops most of its counter year, Canada drops most of its counter year, Canada drops most of its counter tariffs and keeps the ones on steel, tariffs and keeps the ones on steel, tariffs and keeps the ones on steel, aluminum, and cars in place. By this aluminum, and cars in place. By this aluminum, and cars in place. By this point, it's pretty [ __ ] heated. About point, it's pretty [ __ ] heated. About point, it's pretty [ __ ] heated. About a year ago, right October 25, Ontario a year ago, right October 25, Ontario a year ago, right October 25, Ontario runs a TV ad in the United States using

runs a TV ad in the United States using runs a TV ad in the United States using Ronald Reagan's own words against Ronald Reagan's own words against Ronald Reagan's own words against tariffs to slam Trump. Trump calls off tariffs to slam Trump. Trump calls off tariffs to slam Trump. Trump calls off the talks over the ads. Everyone's up in the talks over the ads. Everyone's up in the talks over the ads. Everyone's up in arms. Feb 2026, this year, the Supreme arms. Feb 2026, this year, the Supreme arms. Feb 2026, this year, the Supreme Court rules the president can't use an Court rules the president can't use an Court rules the president can't use an emergency powers law to put tariffs on emergency powers law to put tariffs on emergency powers law to put tariffs on anybody. The fentinel tariffs die. The anybody. The fentinel tariffs die. The anybody. The fentinel tariffs die. The steel, aluminum, and car tariffs survive steel, aluminum, and car tariffs survive steel, aluminum, and car tariffs survive because they were done under a different because they were done under a different because they were done under a different law. So now the White House switches to law. So now the White House switches to law. So now the White House switches to another one that allows up to 15% for another one that allows up to 15% for another one that allows up to 15% for 150 days. But that clock ran out on July 150 days. But that clock ran out on July 150 days. But that clock ran out on July 24th. So July 1st this year, a free 24th. So July 1st this year, a free 24th. So July 1st this year, a free trade deal, C USMA, USMCA, whatever you trade deal, C USMA, USMCA, whatever you trade deal, C USMA, USMCA, whatever you call it at home, it comes up for its call it at home, it comes up for its call it at home, it comes up for its six-year review. Canada and Mexico want six-year review. Canada and Mexico want six-year review. Canada and Mexico want to extend it another 16 years. to extend it another 16 years. to extend it another 16 years. Washington says, "No way, not in its Washington says, "No way, not in its Washington says, "No way, not in its current form." So now it gets renewed current form." So now it gets renewed current form." So now it gets renewed every year and it expires in 2036 unless every year and it expires in 2036 unless every year and it expires in 2036 unless somebody saves it, which is really what somebody saves it, which is really what somebody saves it, which is really what we need, a bunch more debate, right? we need, a bunch more debate, right? we need, a bunch more debate, right? July 20th, Washington reaches for a new July 20th, Washington reaches for a new July 20th, Washington reaches for a new tool, section 338 of the Taract A of tool, section 338 of the Taract A of tool, section 338 of the Taract A of 1930 that'll go back basically a 100red 1930 that'll go back basically a 100red 1930 that'll go back basically a 100red years to find a way to apply the years to find a way to apply the years to find a way to apply the so-called new law, new tariff.

so-called new law, new tariff. so-called new law, new tariff. Basically, the trigger here is anything Basically, the trigger here is anything Basically, the trigger here is anything that's considered a discrimination that's considered a discrimination that's considered a discrimination against a US good. And honestly, I want against a US good. And honestly, I want against a US good. And honestly, I want you to remember that year 1930. It's you to remember that year 1930. It's you to remember that year 1930. It's going to come back later. It's right going to come back later. It's right going to come back later. It's right after the economy crashed in the US. 50% after the economy crashed in the US. 50% after the economy crashed in the US. 50% on about 20 billion US of Canadian on about 20 billion US of Canadian on about 20 billion US of Canadian goods. This is about 5% of what Canada goods. This is about 5% of what Canada goods. This is about 5% of what Canada sells to America. And it took effect in sells to America. And it took effect in sells to America. And it took effect in late August after 3 days of lastminute late August after 3 days of lastminute late August after 3 days of lastminute talks fell apart. The new round of news, talks fell apart. The new round of news, talks fell apart. The new round of news, right? Mark Carney, prime minister, said right? Mark Carney, prime minister, said right? Mark Carney, prime minister, said they asked too much and they offered too they asked too much and they offered too they asked too much and they offered too little. The US trade representative said little. The US trade representative said little. The US trade representative said Canada declined to finalize the trade Canada declined to finalize the trade Canada declined to finalize the trade deal under the terms agreed earlier in deal under the terms agreed earlier in deal under the terms agreed earlier in the week. Pick whichever side you like. the week. Pick whichever side you like. the week. Pick whichever side you like. Ultimately, it's a he said, she said. Ultimately, it's a he said, she said. Ultimately, it's a he said, she said. The tariffs landed either way. It ended The tariffs landed either way. It ended The tariffs landed either way. It ended in a dispute rather than an agreement. in a dispute rather than an agreement. in a dispute rather than an agreement. Very simple, right? Canada will be Very simple, right? Canada will be Very simple, right? Canada will be treated like a state, no longer. That's treated like a state, no longer. That's treated like a state, no longer. That's the basic idea, the basic quote. Two the basic idea, the basic quote. Two the basic idea, the basic quote. Two days later, the president posted this days later, the president posted this days later, the president posted this on, I guess, Twitter, Truth, whatever on, I guess, Twitter, Truth, whatever on, I guess, Twitter, Truth, whatever platform he uses. I don't really care, platform he uses. I don't really care, platform he uses. I don't really care, but hold on to the line. What's inside but hold on to the line. What's inside but hold on to the line. What's inside the US $20 billion payback for Canada's the US $20 billion payback for Canada's the US $20 billion payback for Canada's carer tax? A billion of it is carer tax? A billion of it is carer tax? A billion of it is alcoholrelated. Some of it is smartphone alcoholrelated. Some of it is smartphone alcoholrelated. Some of it is smartphone related. A small portion is dairy related. A small portion is dairy related. A small portion is dairy related. So when we look what's inside related. So when we look what's inside related. So when we look what's inside that 20 billion, right, dairy, the thing that 20 billion, right, dairy, the thing that 20 billion, right, dairy, the thing politicians on both sides have been politicians on both sides have been politicians on both sides have been shouting about for a decade, is just $97 shouting about for a decade, is just $97 shouting about for a decade, is just $97 million. It's basically nothing, right?

million. It's basically nothing, right? million. It's basically nothing, right? Half of a single percent. About a Half of a single percent. About a Half of a single percent. About a billion is alcohol, which obviously billion is alcohol, which obviously billion is alcohol, which obviously pisses us off. There's some wood, some pisses us off. There's some wood, some pisses us off. There's some wood, some paper, some hockey equipment. Basically paper, some hockey equipment. Basically paper, some hockey equipment. Basically [ __ ] Sorry. The other 19 billion is [ __ ] Sorry. The other 19 billion is [ __ ] Sorry. The other 19 billion is payback for Canada's 25% counter tariff payback for Canada's 25% counter tariff payback for Canada's 25% counter tariff on American cars spread across hundreds on American cars spread across hundreds on American cars spread across hundreds of ordinary products, cement, plastic, of ordinary products, cement, plastic, of ordinary products, cement, plastic, furniture, phones. Canadian cars aren't furniture, phones. Canadian cars aren't furniture, phones. Canadian cars aren't even on the list because they already even on the list because they already even on the list because they already pay a different American tariff. So the pay a different American tariff. So the pay a different American tariff. So the fight is about car, but the speech is fight is about car, but the speech is fight is about car, but the speech is about cheese, about whiskey, about stuff about cheese, about whiskey, about stuff about cheese, about whiskey, about stuff that affects you. September 8th, Canada that affects you. September 8th, Canada that affects you. September 8th, Canada answers dollar for dollar, right? 15 to answers dollar for dollar, right? 15 to answers dollar for dollar, right? 15 to 50% tariffs on more than 700 American 50% tariffs on more than 700 American 50% tariffs on more than 700 American products. 27.6 billion Canadian dollars products. 27.6 billion Canadian dollars products. 27.6 billion Canadian dollars worth steel, dairy, appliances, farm worth steel, dairy, appliances, farm worth steel, dairy, appliances, farm equipment, electronics. Yeah. A week equipment, electronics. Yeah. A week equipment, electronics. Yeah. A week later, Washington widens its own list. later, Washington widens its own list. later, Washington widens its own list. Paper, base metals, furniture, leather, Paper, base metals, furniture, leather, Paper, base metals, furniture, leather, even golf cults and carts and even golf cults and carts and even golf cults and carts and motorboats. If I were going to have an motorboats. If I were going to have an motorboats. If I were going to have an opinion, I would just say this is opinion, I would just say this is opinion, I would just say this is generally petty. Two petty arguments. generally petty. Two petty arguments. generally petty. Two petty arguments. September 29th, Washington goes past September 29th, Washington goes past September 29th, Washington goes past tariffs to bans some Canadian dairy, tariffs to bans some Canadian dairy, tariffs to bans some Canadian dairy, molasses, non-alcoholic beer, motorcycle molasses, non-alcoholic beer, motorcycle molasses, non-alcoholic beer, motorcycle products. A long list of Canadian products. A long list of Canadian products. A long list of Canadian alcohol can't enter the United States at alcohol can't enter the United States at alcohol can't enter the United States at all. And the next threat on the table is all. And the next threat on the table is all. And the next threat on the table is 50% on every Canadian car and car part 50% on every Canadian car and car part 50% on every Canadian car and car part from January 1st, upcoming 2027. That's from January 1st, upcoming 2027. That's from January 1st, upcoming 2027. That's where we are now. Serious threats, but where we are now. Serious threats, but where we are now. Serious threats, but not in effect. This is the part that I not in effect. This is the part that I not in effect. This is the part that I think nobody really gets into. who think nobody really gets into. who think nobody really gets into. who actually pays. It's the only [ __ ] actually pays. It's the only [ __ ] actually pays. It's the only [ __ ] thing that matters at the end of the thing that matters at the end of the thing that matters at the end of the day. Tariff is a tax. It's tax on you.

day. Tariff is a tax. It's tax on you. day. Tariff is a tax. It's tax on you. It's collected at your own border from It's collected at your own border from It's collected at your own border from your own importer in your own currency. your own importer in your own currency. your own importer in your own currency. The Canadian company doesn't write a The Canadian company doesn't write a The Canadian company doesn't write a check for the US Treasury. The American check for the US Treasury. The American check for the US Treasury. The American company bringing the goods in does. Then company bringing the goods in does. Then company bringing the goods in does. Then it does what every business does with it does what every business does with it does what every business does with the cost. It passes it on to you, the the cost. It passes it on to you, the the cost. It passes it on to you, the consumer. That's how the bill works. consumer. That's how the bill works. consumer. That's how the bill works. That's how this is playing out. It is That's how this is playing out. It is That's how this is playing out. It is seriously affecting the cost of living seriously affecting the cost of living seriously affecting the cost of living for Americans and Canadians. Even if for Americans and Canadians. Even if for Americans and Canadians. Even if you're being divide and conquer, split you're being divide and conquer, split you're being divide and conquer, split apart by your politicians, at the end of apart by your politicians, at the end of apart by your politicians, at the end of the day, you're both getting [ __ ] the day, you're both getting [ __ ] the day, you're both getting [ __ ] That's real. That ultimately is the That's real. That ultimately is the That's real. That ultimately is the truth. Okay. The New York Fed tracked it truth. Okay. The New York Fed tracked it truth. Okay. The New York Fed tracked it through 2025. From January to August, through 2025. From January to August, through 2025. From January to August, American importers and consumers carried American importers and consumers carried American importers and consumers carried 94% of the cost. Foreign exporters, six, 94% of the cost. Foreign exporters, six, 94% of the cost. Foreign exporters, six, only 6%. By November it was 86 and4. So only 6%. By November it was 86 and4. So only 6%. By November it was 86 and4. So foreign companies did start eating a foreign companies did start eating a foreign companies did start eating a small portion of the bill. Basically small portion of the bill. Basically small portion of the bill. Basically just 14 cents on the dollar. Americans just 14 cents on the dollar. Americans just 14 cents on the dollar. Americans paid the other 86 cents. That's the real paid the other 86 cents. That's the real paid the other 86 cents. That's the real weight. As this grows, the burden weight. As this grows, the burden weight. As this grows, the burden continues to grow on consumers, on you, continues to grow on consumers, on you, continues to grow on consumers, on you, on the people. That's the truth. That's on the people. That's the truth. That's on the people. That's the truth. That's it. That's what's happening at the end it. That's what's happening at the end it. That's what's happening at the end of the day. And it's real money. In of the day. And it's real money. In of the day. And it's real money. In fiscal 2025, Washington collected $195 fiscal 2025, Washington collected $195 fiscal 2025, Washington collected $195 billion in custom duties. The year billion in custom duties. The year billion in custom duties. The year before it was about 77. It's almost before it was about 77. It's almost before it was about 77. It's almost triple, right? If the New York Feds triple, right? If the New York Feds triple, right? If the New York Feds split holds for the whole bill, that's split holds for the whole bill, that's split holds for the whole bill, that's around $175 billion out of American around $175 billion out of American around $175 billion out of American pockets. Most of it a tax Congress never

pockets. Most of it a tax Congress never pockets. Most of it a tax Congress never voted on. Then the Supreme Court throws voted on. Then the Supreme Court throws voted on. Then the Supreme Court throws out the emergency tariffs and in March a out the emergency tariffs and in March a out the emergency tariffs and in March a trade court rules the money gets trade court rules the money gets trade court rules the money gets refunded to the importers of record with refunded to the importers of record with refunded to the importers of record with interest. Okay. Consumers are suing, but interest. Okay. Consumers are suing, but interest. Okay. Consumers are suing, but the refund law points at importers. If the refund law points at importers. If the refund law points at importers. If you bought a dishwasher in 2025, don't you bought a dishwasher in 2025, don't you bought a dishwasher in 2025, don't check your mailbox for money or a check check your mailbox for money or a check check your mailbox for money or a check coming anytime soon, right? That's not coming anytime soon, right? That's not coming anytime soon, right? That's not what's going to happen. Now, let's flip what's going to happen. Now, let's flip what's going to happen. Now, let's flip the border. Canada's counter tariffs the border. Canada's counter tariffs the border. Canada's counter tariffs work the exact same way. When Ottawa work the exact same way. When Ottawa work the exact same way. When Ottawa puts 25% on American cheese, a Canadian puts 25% on American cheese, a Canadian puts 25% on American cheese, a Canadian importer pays it, and a Canadian family importer pays it, and a Canadian family importer pays it, and a Canadian family pays the importer for the cheese. The pays the importer for the cheese. The pays the importer for the cheese. The week they started, Canadian TV ran the week they started, Canadian TV ran the week they started, Canadian TV ran the headline, prices jump overnight. This is headline, prices jump overnight. This is headline, prices jump overnight. This is a cost of living issue for people. a cost of living issue for people. a cost of living issue for people. Facts. It is not a tariff or a political Facts. It is not a tariff or a political Facts. It is not a tariff or a political issue. It turns into a cost of living issue. It turns into a cost of living issue. It turns into a cost of living issue for general normal people on both issue for general normal people on both issue for general normal people on both sides of the border. Regardless if you sides of the border. Regardless if you sides of the border. Regardless if you feel divided about patriotic politics feel divided about patriotic politics feel divided about patriotic politics and here's the detail that's not getting and here's the detail that's not getting and here's the detail that's not getting reported, right? American cheese that reported, right? American cheese that reported, right? American cheese that came in under Canada's quota used to pay came in under Canada's quota used to pay came in under Canada's quota used to pay nothing. Zero. Ottawa's new 25% applies nothing. Zero. Ottawa's new 25% applies nothing. Zero. Ottawa's new 25% applies inside the quota. So Ottawa's answer to inside the quota. So Ottawa's answer to inside the quota. So Ottawa's answer to a fight over dairy access was to make a fight over dairy access was to make a fight over dairy access was to make the American cheese Canadians were the American cheese Canadians were the American cheese Canadians were already allowed to buy more expensive already allowed to buy more expensive already allowed to buy more expensive for you, for the people. Now let's talk for you, for the people. Now let's talk for you, for the people. Now let's talk about the asymmetry here, cuz this is about the asymmetry here, cuz this is about the asymmetry here, cuz this is about a third of the Canadian economy about a third of the Canadian economy about a third of the Canadian economy and 3% of the American, right? Trade and 3% of the American, right? Trade and 3% of the American, right? Trade with the US is about 33%, trade with with the US is about 33%, trade with with the US is about 33%, trade with Canada is about 3% of America's and Canada is about 3% of America's and Canada is about 3% of America's and there are about eight Americans for

there are about eight Americans for there are about eight Americans for every Canadian. So when both governments every Canadian. So when both governments every Canadian. So when both governments tax their own people by the same dollar tax their own people by the same dollar tax their own people by the same dollar amount, it lands about eight times her amount, it lands about eight times her amount, it lands about eight times her harder per person in Canada. Dollar for harder per person in Canada. Dollar for harder per person in Canada. Dollar for dollar sounds fair on a podium, but per dollar sounds fair on a podium, but per dollar sounds fair on a podium, but per household, it isn't even close, right? household, it isn't even close, right? household, it isn't even close, right? So Ottawa taxed Canadians to punish So Ottawa taxed Canadians to punish So Ottawa taxed Canadians to punish Americans. Then it noticed Canadians Americans. Then it noticed Canadians Americans. Then it noticed Canadians were hurting and it realized it was were hurting and it realized it was were hurting and it realized it was going to have to do something about it. going to have to do something about it. going to have to do something about it. So on August 25th, the Canadian So on August 25th, the Canadian So on August 25th, the Canadian government announced a $7.5 billion government announced a $7.5 billion government announced a $7.5 billion package for workers and businesses hit package for workers and businesses hit package for workers and businesses hit by the tariffs. That's on top of a by the tariffs. That's on top of a by the tariffs. That's on top of a nearly $25 billion in support over the nearly $25 billion in support over the nearly $25 billion in support over the previous 18 months already. We can call previous 18 months already. We can call previous 18 months already. We can call it 32 billion at the end of the day. it 32 billion at the end of the day. it 32 billion at the end of the day. Divide that by the population and it's Divide that by the population and it's Divide that by the population and it's close to $800 for every single person close to $800 for every single person close to $800 for every single person living in Canada. So here's the business living in Canada. So here's the business living in Canada. So here's the business model. You pay the tariff at the till, model. You pay the tariff at the till, model. You pay the tariff at the till, then you pay again in taxes for the then you pay again in taxes for the then you pay again in taxes for the bailout. And the same politicians take bailout. And the same politicians take bailout. And the same politicians take credit for both. Where does government credit for both. Where does government credit for both. Where does government money come from? You, the people. It's a money come from? You, the people. It's a money come from? You, the people. It's a tax. And before anyone in Canada gets tax. And before anyone in Canada gets tax. And before anyone in Canada gets comfortable, here's the one Canadian comfortable, here's the one Canadian comfortable, here's the one Canadian politicians never mention. Canada's own politicians never mention. Canada's own politicians never mention. Canada's own dairy wall. So Canada's protected its dairy wall. So Canada's protected its dairy wall. So Canada's protected its dairy farmers with quotas since the 70s dairy farmers with quotas since the 70s dairy farmers with quotas since the 70s and with these tariffs since '95. You go and with these tariffs since '95. You go and with these tariffs since '95. You go over that import quota and the tariff on over that import quota and the tariff on over that import quota and the tariff on butter is about 298%.

butter is about 298%. butter is about 298%. On milk, it's about 241. Who pays it? On milk, it's about 241. Who pays it? On milk, it's about 241. Who pays it? Well, frankly, not Wisconsin, right? Well, frankly, not Wisconsin, right? Well, frankly, not Wisconsin, right? Canadian families at the grocery store Canadian families at the grocery store Canadian families at the grocery store every week for decades have already been every week for decades have already been every week for decades have already been paying this. Trump is right that Canada paying this. Trump is right that Canada paying this. Trump is right that Canada protects its dairy. He's wrong about who protects its dairy. He's wrong about who protects its dairy. He's wrong about who it hurts most. Or maybe he just doesn't it hurts most. Or maybe he just doesn't it hurts most. Or maybe he just doesn't know. Frankly, it doesn't matter to me. know. Frankly, it doesn't matter to me. know. Frankly, it doesn't matter to me. A quick personal confession, though. A quick personal confession, though. A quick personal confession, though. Right when I started this script, when I Right when I started this script, when I Right when I started this script, when I do the research, I had 50% tariffs on do the research, I had 50% tariffs on do the research, I had 50% tariffs on every Canadian car and car parts every Canadian car and car parts every Canadian car and car parts starting January 1st written down as a starting January 1st written down as a starting January 1st written down as a fact. But it's actually not really a fact. But it's actually not really a fact. But it's actually not really a fact. It's just a threat. Nobody's fact. It's just a threat. Nobody's fact. It's just a threat. Nobody's signed it yet, right? So, when they put signed it yet, right? So, when they put signed it yet, right? So, when they put these dates on paper, nothing these dates on paper, nothing these dates on paper, nothing necessarily happens. I nearly told you necessarily happens. I nearly told you necessarily happens. I nearly told you it was law. Half of what gets reported it was law. Half of what gets reported it was law. Half of what gets reported as a done deal is often just a threat. as a done deal is often just a threat. as a done deal is often just a threat. And half of what's real changes every And half of what's real changes every And half of what's real changes every week before it goes into place. So, if week before it goes into place. So, if week before it goes into place. So, if you actually want to stay up to date on you actually want to stay up to date on you actually want to stay up to date on cost of living news and what's going on, cost of living news and what's going on, cost of living news and what's going on, just comment the word news below. I'll just comment the word news below. I'll just comment the word news below. I'll send you my weekly newsletter. It's free send you my weekly newsletter. It's free send you my weekly newsletter. It's free every week. It covers cost of living, every week. It covers cost of living, every week. It covers cost of living, expat life abroad, including what this expat life abroad, including what this expat life abroad, including what this trade war is and how it's affecting the trade war is and how it's affecting the trade war is and how it's affecting the cost of living for everyday Americans cost of living for everyday Americans cost of living for everyday Americans and Canadians. Now, let's jump back into and Canadians. Now, let's jump back into and Canadians. Now, let's jump back into it, get into some of the historical it, get into some of the historical it, get into some of the historical roots because, as I said earlier, it's roots because, as I said earlier, it's roots because, as I said earlier, it's all happened before. I literally did my all happened before. I literally did my all happened before. I literally did my undergrad and economic and mercantile undergrad and economic and mercantile undergrad and economic and mercantile history. And the thing that jumps out at history. And the thing that jumps out at history. And the thing that jumps out at me about this trade war is how old and me about this trade war is how old and me about this trade war is how old and boring and tired the issues are. These boring and tired the issues are. These boring and tired the issues are. These are the same things over and over again, are the same things over and over again, are the same things over and over again, right? Tariffs are literally older than right? Tariffs are literally older than right? Tariffs are literally older than both countries. Before America existed,

both countries. Before America existed, both countries. Before America existed, Britain ran its colonies on a system Britain ran its colonies on a system Britain ran its colonies on a system called mercantalism. The Navigation Acts called mercantalism. The Navigation Acts called mercantalism. The Navigation Acts said colonial trade had to move on said colonial trade had to move on said colonial trade had to move on English ships and run through English English ships and run through English English ships and run through English ports. The idea was simple. Exports ports. The idea was simple. Exports ports. The idea was simple. Exports good, imports bad, and gold piling up at good, imports bad, and gold piling up at good, imports bad, and gold piling up at home means you're winning if you're the home means you're winning if you're the home means you're winning if you're the Queen of England. In 1776, the same year Queen of England. In 1776, the same year Queen of England. In 1776, the same year as the Declaration of Independence, Adam as the Declaration of Independence, Adam as the Declaration of Independence, Adam Smith published the Wealth of Nations, Smith published the Wealth of Nations, Smith published the Wealth of Nations, and he basically took the idea apart. and he basically took the idea apart. and he basically took the idea apart. This isn't brain surgery, folks. It's This isn't brain surgery, folks. It's This isn't brain surgery, folks. It's basically like firstear economics, first basically like firstear economics, first basically like firstear economics, first year history, philosophy, whatever. year history, philosophy, whatever. year history, philosophy, whatever. Consumption is the sole end and purpose Consumption is the sole end and purpose Consumption is the sole end and purpose of all production. It's from the Wealth of all production. It's from the Wealth of all production. It's from the Wealth and Nations direct quote. In plain and Nations direct quote. In plain and Nations direct quote. In plain English, the point of an economy is what English, the point of an economy is what English, the point of an economy is what people get to buy. The government's take people get to buy. The government's take people get to buy. The government's take and the protected industry come second. and the protected industry come second. and the protected industry come second. Right now, watch what happens between Right now, watch what happens between Right now, watch what happens between those two countries every time someone those two countries every time someone those two countries every time someone forgets that real ultimate finality. A forgets that real ultimate finality. A forgets that real ultimate finality. A little over 170 years ago, the British little over 170 years ago, the British little over 170 years ago, the British colonies that ultimately became Canada colonies that ultimately became Canada colonies that ultimately became Canada signed a reciprocity treaty with the signed a reciprocity treaty with the signed a reciprocity treaty with the United States. Free trade and natural United States. Free trade and natural United States. Free trade and natural products, fish, timber, grain, right?

products, fish, timber, grain, right? products, fish, timber, grain, right? Trade is booming. Then the colonies Trade is booming. Then the colonies Trade is booming. Then the colonies raise their own tariffs on American raise their own tariffs on American raise their own tariffs on American manufactured goods in 1858 and 1859 manufactured goods in 1858 and 1859 manufactured goods in 1858 and 1859 which annoys America Washington. Then which annoys America Washington. Then which annoys America Washington. Then comes the Civil War and the North is comes the Civil War and the North is comes the Civil War and the North is furious at Britain for leaning towards furious at Britain for leaning towards furious at Britain for leaning towards the South. In 1866, America cancels the the South. In 1866, America cancels the the South. In 1866, America cancels the treaty. The colonies lose their biggest treaty. The colonies lose their biggest treaty. The colonies lose their biggest customer. The next year on July 1st, you customer. The next year on July 1st, you customer. The next year on July 1st, you guessed it, 1867, they confederate. guessed it, 1867, they confederate. guessed it, 1867, they confederate. Canada had more than one reason to Canada had more than one reason to Canada had more than one reason to become a country, but losing the become a country, but losing the become a country, but losing the American market was one of the big ones. American market was one of the big ones. American market was one of the big ones. It goes right back to the very first It goes right back to the very first It goes right back to the very first day. So, the last time America tore up a day. So, the last time America tore up a day. So, the last time America tore up a trade deal with Canada, Canada literally trade deal with Canada, Canada literally trade deal with Canada, Canada literally became its own country separated from became its own country separated from became its own country separated from Britain. 12 years later, in 1879, Britain. 12 years later, in 1879, Britain. 12 years later, in 1879, Canada's first prime minister, John A. Canada's first prime minister, John A. Canada's first prime minister, John A. Macdonald, puts up the national policy, Macdonald, puts up the national policy, Macdonald, puts up the national policy, a tariff wall, so Canadian factories can a tariff wall, so Canadian factories can a tariff wall, so Canadian factories can grow behind it. So don't let anyone tell grow behind it. So don't let anyone tell grow behind it. So don't let anyone tell you Canada is the pure free trader in you Canada is the pure free trader in you Canada is the pure free trader in the stories. Both countries have tariffs the stories. Both countries have tariffs the stories. Both countries have tariffs in their blood, in their history, in in their blood, in their history, in in their blood, in their history, in their laws. I hope to see the day when their laws. I hope to see the day when their laws. I hope to see the day when the American flag will float over every the American flag will float over every the American flag will float over every square foot of the British North square foot of the British North square foot of the British North American possessions clear to the North American possessions clear to the North American possessions clear to the North Pole. That quote is from 1911. Okay.

Pole. That quote is from 1911. Okay. Pole. That quote is from 1911. Okay. Prime Minister Wilfrid Laurier Prime Minister Wilfrid Laurier Prime Minister Wilfrid Laurier negotiated a new free trade deal with negotiated a new free trade deal with negotiated a new free trade deal with President Taft. Then the man about to President Taft. Then the man about to President Taft. Then the man about to become speaker of the US House, Champ become speaker of the US House, Champ become speaker of the US House, Champ Clark, said those lines. He stands up Clark, said those lines. He stands up Clark, said those lines. He stands up and he says he hopes to see every and he says he hopes to see every and he says he hopes to see every American flag fly over every square foot American flag fly over every square foot American flag fly over every square foot of British North America clear to the of British North America clear to the of British North America clear to the North Pole. Right. Laurier ultimately North Pole. Right. Laurier ultimately North Pole. Right. Laurier ultimately loses that election in Canada. And the loses that election in Canada. And the loses that election in Canada. And the slogan that beat him was no truck or slogan that beat him was no truck or slogan that beat him was no truck or trade with the Yankees. This [ __ ] is old trade with the Yankees. This [ __ ] is old trade with the Yankees. This [ __ ] is old news, folks. Read those two lines side news, folks. Read those two lines side news, folks. Read those two lines side by side. clear to the North Pole in by side. clear to the North Pole in by side. clear to the North Pole in 1911, treated like a state, no longer 1911, treated like a state, no longer 1911, treated like a state, no longer 2026. Same idea, 115 years apart. And 2026. Same idea, 115 years apart. And 2026. Same idea, 115 years apart. And Canadians ultimately gave it the same Canadians ultimately gave it the same Canadians ultimately gave it the same answer. We're back to where we started, answer. We're back to where we started, answer. We're back to where we started, 1930. The Tariff Act, Smoot Holly, 1930. The Tariff Act, Smoot Holly, 1930. The Tariff Act, Smoot Holly, higher tariffs on more than 20,000 higher tariffs on more than 20,000 higher tariffs on more than 20,000 imported goods, the highest American imported goods, the highest American imported goods, the highest American rates in about a century. It's right rates in about a century. It's right rates in about a century. It's right after the economy and Wall Street after the economy and Wall Street after the economy and Wall Street crashed in 1929. Canada was America's crashed in 1929. Canada was America's crashed in 1929. Canada was America's biggest customer. McKenzie King, the biggest customer. McKenzie King, the biggest customer. McKenzie King, the then prime minister, didn't wait. His then prime minister, didn't wait. His then prime minister, didn't wait. His government raised tariffs on goods, government raised tariffs on goods, government raised tariffs on goods, making up about 30% of what America sold making up about 30% of what America sold making up about 30% of what America sold to Canada before the American bill was to Canada before the American bill was to Canada before the American bill was even law. King lost the election that even law. King lost the election that even law. King lost the election that summer anyways to a guy named RB summer anyways to a guy named RB summer anyways to a guy named RB Bennett, who promised to use tariffs to Bennett, who promised to use tariffs to Bennett, who promised to use tariffs to blast his way into the markets of the blast his way into the markets of the blast his way into the markets of the world. By 1932, Canada had turned to world. By 1932, Canada had turned to world. By 1932, Canada had turned to Britain and the empire with preferential Britain and the empire with preferential Britain and the empire with preferential trade deals signed in Ottawa. Basically, trade deals signed in Ottawa. Basically, trade deals signed in Ottawa. Basically, world trade fell by about twothirds world trade fell by about twothirds world trade fell by about twothirds between 1929 when the stock market between 1929 when the stock market between 1929 when the stock market crashed and 1934. Economists still argue

crashed and 1934. Economists still argue crashed and 1934. Economists still argue over how much of that was tariffs and over how much of that was tariffs and over how much of that was tariffs and how much of it was the Great Depression. how much of it was the Great Depression. how much of it was the Great Depression. The argument isn't ultimately settled. I The argument isn't ultimately settled. I The argument isn't ultimately settled. I won't pretend it is. There's lots of won't pretend it is. There's lots of won't pretend it is. There's lots of variables, but nobody serious argues variables, but nobody serious argues variables, but nobody serious argues that the tariffs helped fix the economy. that the tariffs helped fix the economy. that the tariffs helped fix the economy. Hoover, Smoot, Holly, they were all out Hoover, Smoot, Holly, they were all out Hoover, Smoot, Holly, they were all out of office within 3 years. This was a bad of office within 3 years. This was a bad of office within 3 years. This was a bad plan, folks. It literally did not work plan, folks. It literally did not work plan, folks. It literally did not work the last time we all tried it. So, the last time we all tried it. So, the last time we all tried it. So, here's how that trade war ultimately here's how that trade war ultimately here's how that trade war ultimately ended. In 1934, Congress gave the ended. In 1934, Congress gave the ended. In 1934, Congress gave the president power to cut tariffs through president power to cut tariffs through president power to cut tariffs through deals with other countries. Canada and deals with other countries. Canada and deals with other countries. Canada and the US signed a trade agreement in 1935, the US signed a trade agreement in 1935, the US signed a trade agreement in 1935, just about 90 years ago, and another a just about 90 years ago, and another a just about 90 years ago, and another a few years later in 38. Then the auto few years later in 38. Then the auto few years later in 38. Then the auto pact in ' 65, which built the crossber pact in ' 65, which built the crossber pact in ' 65, which built the crossber car industry at the center of this car industry at the center of this car industry at the center of this fight, which I grew up in in Gasoline fight, which I grew up in in Gasoline fight, which I grew up in in Gasoline Alley. In 88, Canadians fought an entire Alley. In 88, Canadians fought an entire Alley. In 88, Canadians fought an entire election over free trade with America. election over free trade with America. election over free trade with America. Brian Maroon won the seats even though Brian Maroon won the seats even though Brian Maroon won the seats even though most of the votes went to parties most of the votes went to parties most of the votes went to parties against the deal. Then NAFTA was founded against the deal. Then NAFTA was founded against the deal. Then NAFTA was founded in 1994 when I was 11 years old. Later in 1994 when I was 11 years old. Later in 1994 when I was 11 years old. Later it's updated to CUSMA in 2020. This is it's updated to CUSMA in 2020. This is it's updated to CUSMA in 2020. This is literally the story of my life. Every literally the story of my life. Every literally the story of my life. Every single one of my uncles worked at the GM single one of my uncles worked at the GM single one of my uncles worked at the GM plants in Whitby and Ashawa. Those plants in Whitby and Ashawa. Those plants in Whitby and Ashawa. Those plants are basically all gone now. There plants are basically all gone now. There plants are basically all gone now. There are barely any cars still being made in are barely any cars still being made in are barely any cars still being made in Ontario. 90 years of building and the Ontario. 90 years of building and the Ontario. 90 years of building and the tool they reached for to take it apart tool they reached for to take it apart tool they reached for to take it apart is from 1930. That's the law section 338 is from 1930. That's the law section 338 is from 1930. That's the law section 338 comes from. It sat on the books for 96 comes from. It sat on the books for 96 comes from. It sat on the books for 96 years and no president has ever used it years and no president has ever used it years and no president has ever used it until this July. Old patterns, folks.

until this July. Old patterns, folks. until this July. Old patterns, folks. Nothing new. The old pattern is showing Nothing new. The old pattern is showing Nothing new. The old pattern is showing up again. Right in 2025, Canadians up again. Right in 2025, Canadians up again. Right in 2025, Canadians elected the candidate who promised to elected the candidate who promised to elected the candidate who promised to stand up to Washington, Mark Carney. stand up to Washington, Mark Carney. stand up to Washington, Mark Carney. Canadians exporters went looking for Canadians exporters went looking for Canadians exporters went looking for other customers. This July, the US share other customers. This July, the US share other customers. This July, the US share of Canada's exports fell to 66%. That's of Canada's exports fell to 66%. That's of Canada's exports fell to 66%. That's the lowest since 97 outside the the lowest since 97 outside the the lowest since 97 outside the pandemic. And exports to everyone else pandemic. And exports to everyone else pandemic. And exports to everyone else hit a record, up more than 7% in a hit a record, up more than 7% in a hit a record, up more than 7% in a single month. Right? August bounced back single month. Right? August bounced back single month. Right? August bounced back to almost 70 because companies rush to almost 70 because companies rush to almost 70 because companies rush shipments in ahead of these new tariffs. shipments in ahead of these new tariffs. shipments in ahead of these new tariffs. But one month isn't a trend. Right? In But one month isn't a trend. Right? In But one month isn't a trend. Right? In 1866, in 1911, in 1930, pressure from 1866, in 1911, in 1930, pressure from 1866, in 1911, in 1930, pressure from Washington didn't make Canada fold. It Washington didn't make Canada fold. It Washington didn't make Canada fold. It made Canada look for other customers and made Canada look for other customers and made Canada look for other customers and vote for whoever stood up to the vote for whoever stood up to the vote for whoever stood up to the American pressure. what it ultimately American pressure. what it ultimately American pressure. what it ultimately means if you can actually move. Right? means if you can actually move. Right? means if you can actually move. Right? This is the part that matters for this This is the part that matters for this This is the part that matters for this channel, for my life, because most of channel, for my life, because most of channel, for my life, because most of you are ultimately thinking about you are ultimately thinking about you are ultimately thinking about leaving, about moving abroad, retiring leaving, about moving abroad, retiring leaving, about moving abroad, retiring abroad, or at least planning and abroad, or at least planning and abroad, or at least planning and dreaming of it because your cost of dreaming of it because your cost of dreaming of it because your cost of living is creeping up and slowly killing living is creeping up and slowly killing living is creeping up and slowly killing you. If you're Canadian, ultimately this you. If you're Canadian, ultimately this you. If you're Canadian, ultimately this starts with the looney, a Canadian starts with the looney, a Canadian starts with the looney, a Canadian dollar versus the US dollar. On October dollar versus the US dollar. On October dollar versus the US dollar. On October 5th, the US dollar hit 1.43 5th, the US dollar hit 1.43 5th, the US dollar hit 1.43 Canadian. It's the strongest it's been Canadian. It's the strongest it's been Canadian. It's the strongest it's been against the Looney all year. One against the Looney all year. One against the Looney all year. One Canadian dollar buys about 70 US cents Canadian dollar buys about 70 US cents Canadian dollar buys about 70 US cents right now. So if you're Canadian, your right now. So if you're Canadian, your right now. So if you're Canadian, your CPP, your OAS, your RRSP withdrawals are CPP, your OAS, your RRSP withdrawals are CPP, your OAS, your RRSP withdrawals are all paid in Canadian dollars. Anywhere all paid in Canadian dollars. Anywhere all paid in Canadian dollars. Anywhere you retire, the prices in US dollars you retire, the prices in US dollars you retire, the prices in US dollars just got more expensive without a single just got more expensive without a single just got more expensive without a single rule changing. We're talking about rule changing. We're talking about rule changing. We're talking about Panama, Ecuador, Cambodia, right? A

Panama, Ecuador, Cambodia, right? A Panama, Ecuador, Cambodia, right? A condo in Florida, Arizona, and condo in Florida, Arizona, and condo in Florida, Arizona, and ultimately Canadians are voting with ultimately Canadians are voting with ultimately Canadians are voting with their cars, with their plane tickets, their cars, with their plane tickets, their cars, with their plane tickets, with their feet, with their money, with their feet, with their money, with their feet, with their money, right? This August, Canadians drove home right? This August, Canadians drove home right? This August, Canadians drove home from the United States 27% fewer times from the United States 27% fewer times from the United States 27% fewer times than in August 2024. That's a quarter, than in August 2024. That's a quarter, than in August 2024. That's a quarter, right? Flights were down 23%, another right? Flights were down 23%, another right? Flights were down 23%, another basic quarter. That's a little better basic quarter. That's a little better basic quarter. That's a little better than last year's boycott. And car trips than last year's boycott. And car trips than last year's boycott. And car trips are still more than a quarter below are still more than a quarter below are still more than a quarter below where they were, though, right? On the where they were, though, right? On the where they were, though, right? On the Lake Champlain Islands in Vermont, Lake Champlain Islands in Vermont, Lake Champlain Islands in Vermont, businesses started offering discounts to businesses started offering discounts to businesses started offering discounts to get Canadians back. I love my American get Canadians back. I love my American get Canadians back. I love my American friends. I love America. I live there. friends. I love America. I live there. friends. I love America. I live there. If you're American, you're paying for If you're American, you're paying for If you're American, you're paying for this trade war at home in your wallets, this trade war at home in your wallets, this trade war at home in your wallets, in your pockets, in your bottom line at in your pockets, in your bottom line at in your pockets, in your bottom line at the end of every single month in your the end of every single month in your the end of every single month in your total expenses as an American consumer. total expenses as an American consumer. total expenses as an American consumer. A big share of the lumber in a new A big share of the lumber in a new A big share of the lumber in a new American house comes from Canada. You're American house comes from Canada. You're American house comes from Canada. You're going to pay for it if you want to build going to pay for it if you want to build going to pay for it if you want to build a house or buy a house. In 2026, a house or buy a house. In 2026, a house or buy a house. In 2026, Canadian softwood has been paying Canadian softwood has been paying Canadian softwood has been paying somewhere around 35 to 45% in combined somewhere around 35 to 45% in combined somewhere around 35 to 45% in combined US duties. Builders aren't going to eat US duties. Builders aren't going to eat US duties. Builders aren't going to eat that cost. Buyers are. That's it. This that cost. Buyers are. That's it. This that cost. Buyers are. That's it. This is the bigger story I keep coming back is the bigger story I keep coming back is the bigger story I keep coming back to over and over again in this channel.

to over and over again in this channel. to over and over again in this channel. Life in the West just gets more and more Life in the West just gets more and more Life in the West just gets more and more expensive. A house, a retirement, some expensive. A house, a retirement, some expensive. A house, a retirement, some of its markets, but a lot of it is of its markets, but a lot of it is of its markets, but a lot of it is policy. And this trade war is a policy policy. And this trade war is a policy policy. And this trade war is a policy in its purest form. Two governments in its purest form. Two governments in its purest form. Two governments raise the price of a house, a car, and a raise the price of a house, a car, and a raise the price of a house, a car, and a block of cheese, then send you a second block of cheese, then send you a second block of cheese, then send you a second bill to clean up the damage or tax you bill to clean up the damage or tax you bill to clean up the damage or tax you and give you a bit of money back, saying and give you a bit of money back, saying and give you a bit of money back, saying they're the sweetheart. And the part they're the sweetheart. And the part they're the sweetheart. And the part neither capital wants you thinking neither capital wants you thinking neither capital wants you thinking about. A tariff is a wall around a about. A tariff is a wall around a about. A tariff is a wall around a market. It only works on people who market. It only works on people who market. It only works on people who can't leave the market. Right? If you're can't leave the market. Right? If you're can't leave the market. Right? If you're like me, you retire in Chiang Mai or like me, you retire in Chiang Mai or like me, you retire in Chiang Mai or Daang and buy local. You're not paying Daang and buy local. You're not paying Daang and buy local. You're not paying Washington's tariffs or Ottawa's. You Washington's tariffs or Ottawa's. You Washington's tariffs or Ottawa's. You stepped outside of the wall. You [ __ ] stepped outside of the wall. You [ __ ] stepped outside of the wall. You [ __ ] broken down the box. Right now, is there broken down the box. Right now, is there broken down the box. Right now, is there a case for tariffs? Sure. So, let's make a case for tariffs? Sure. So, let's make a case for tariffs? Sure. So, let's make it right. We'll do the straw man. There it right. We'll do the straw man. There it right. We'll do the straw man. There is a real case for it and most Canadians is a real case for it and most Canadians is a real case for it and most Canadians never hear it. One, pressure works never hear it. One, pressure works never hear it. One, pressure works sometimes, especially if you're bigger. sometimes, especially if you're bigger. sometimes, especially if you're bigger. Canada dropped its digital services tax Canada dropped its digital services tax Canada dropped its digital services tax within days of Washington walking away within days of Washington walking away within days of Washington walking away from the table in 25. So, this has from the table in 25. So, this has from the table in 25. So, this has worked before. Two, Canada isn't worked before. Two, Canada isn't worked before. Two, Canada isn't innocent. No nation is the legal trigger innocent. No nation is the legal trigger innocent. No nation is the legal trigger for section 338 is discrimination. And for section 338 is discrimination. And for section 338 is discrimination. And there are actual facts behind this.

there are actual facts behind this. there are actual facts behind this. Europe gets better access to Canada's Europe gets better access to Canada's Europe gets better access to Canada's cheese quota than America does. Canada's cheese quota than America does. Canada's cheese quota than America does. Canada's counter tariffs on cars hit Americanmade counter tariffs on cars hit Americanmade counter tariffs on cars hit Americanmade cars only. And the provinces pulled cars only. And the provinces pulled cars only. And the provinces pulled American booze off the shelves while American booze off the shelves while American booze off the shelves while leaving everyone else's. American leaving everyone else's. American leaving everyone else's. American alcohol exports to Canada fell about 81% alcohol exports to Canada fell about 81% alcohol exports to Canada fell about 81% because of this. You know, you ask a because of this. You know, you ask a because of this. You know, you ask a bourbon distiller in Kentucky how bourbon distiller in Kentucky how bourbon distiller in Kentucky how theoretical that is, they'll be fiery. theoretical that is, they'll be fiery. theoretical that is, they'll be fiery. Three, steel is a security question. A Three, steel is a security question. A Three, steel is a security question. A country that can't make steel can't country that can't make steel can't country that can't make steel can't build ships or tanks. And nobody wants build ships or tanks. And nobody wants build ships or tanks. And nobody wants to find out in a war that their supply to find out in a war that their supply to find out in a war that their supply chains run through someone else, chains run through someone else, chains run through someone else, especially someone they're angry with. especially someone they're angry with. especially someone they're angry with. That argument is strongest against That argument is strongest against That argument is strongest against China, against Canada, which American China, against Canada, which American China, against Canada, which American law already counts as part of its own law already counts as part of its own law already counts as part of its own defense industrial base. It's clearly a defense industrial base. It's clearly a defense industrial base. It's clearly a lot weaker, but it's still real. Number lot weaker, but it's still real. Number lot weaker, but it's still real. Number four, and this is the one that almost four, and this is the one that almost four, and this is the one that almost gets me. Almost. For most of the 1800s, gets me. Almost. For most of the 1800s, gets me. Almost. For most of the 1800s, before the income tax arrived in 1913, before the income tax arrived in 1913, before the income tax arrived in 1913, tariffs paid for most of the federal tariffs paid for most of the federal tariffs paid for most of the federal government. Some libertarians look at government. Some libertarians look at government. Some libertarians look at that and say, "Okay, fine. Tax trade at that and say, "Okay, fine. Tax trade at that and say, "Okay, fine. Tax trade at the border and stop taxing my paycheck."

the border and stop taxing my paycheck." the border and stop taxing my paycheck." If tariffs replaced the income tax, I'd If tariffs replaced the income tax, I'd If tariffs replaced the income tax, I'd hear that argument out. But they didn't hear that argument out. But they didn't hear that argument out. But they didn't replace [ __ ] They were additive, replace [ __ ] They were additive, replace [ __ ] They were additive, cumulative. Americans still file a tax cumulative. Americans still file a tax cumulative. Americans still file a tax return every April. The tariffs sit on return every April. The tariffs sit on return every April. The tariffs sit on top of it. Okay. Five. The New York top of it. Okay. Five. The New York top of it. Okay. Five. The New York Fed's own numbers have moved. 6% paid by Fed's own numbers have moved. 6% paid by Fed's own numbers have moved. 6% paid by foreigners in early 25 to 14% by this foreigners in early 25 to 14% by this foreigners in early 25 to 14% by this November. You give it time and maybe November. You give it time and maybe November. You give it time and maybe foreign companies eat more of that foreign companies eat more of that foreign companies eat more of that share. Maybe, right? But 86% is still share. Maybe, right? But 86% is still share. Maybe, right? But 86% is still 86% that ultimately you're paying for. 86% that ultimately you're paying for. 86% that ultimately you're paying for. And on my own wall argument, most people And on my own wall argument, most people And on my own wall argument, most people can't move. Right? Lots of you have kids can't move. Right? Lots of you have kids can't move. Right? Lots of you have kids in school, parents who need you close. in school, parents who need you close. in school, parents who need you close. For so many of my audience, stepping For so many of my audience, stepping For so many of my audience, stepping outside of the wall, leaving America or outside of the wall, leaving America or outside of the wall, leaving America or Canada right now is a luxury. Canada right now is a luxury. Canada right now is a luxury. Ultimately, you can't afford. So, you're Ultimately, you can't afford. So, you're Ultimately, you can't afford. So, you're stuck with the raising cost of living. stuck with the raising cost of living. stuck with the raising cost of living. What you can actually follow along are What you can actually follow along are What you can actually follow along are two dates. Right. Coming up on October two dates. Right. Coming up on October two dates. Right. Coming up on October 19th, next week, Alberta votes in a 19th, next week, Alberta votes in a 19th, next week, Alberta votes in a referendum on whether to start the legal referendum on whether to start the legal referendum on whether to start the legal process towards a vote on separation. I process towards a vote on separation. I process towards a vote on separation. I used to live in Alberta. I love Alberta. used to live in Alberta. I love Alberta. used to live in Alberta. I love Alberta. The last poll I saw from Research Co.

The last poll I saw from Research Co. The last poll I saw from Research Co. had 74% wanting to stay in Canada. On had 74% wanting to stay in Canada. On had 74% wanting to stay in Canada. On those numbers, it's going to fail, but those numbers, it's going to fail, but those numbers, it's going to fail, but watch the margin anyways. It's still watch the margin anyways. It's still watch the margin anyways. It's still interesting. October 5th, Quebec elected interesting. October 5th, Quebec elected interesting. October 5th, Quebec elected the party Kbakwa, a sovereignist party the party Kbakwa, a sovereignist party the party Kbakwa, a sovereignist party to a minority government. They've to a minority government. They've to a minority government. They've promised a referendum in their first promised a referendum in their first promised a referendum in their first term, though not while Trump is in the term, though not while Trump is in the term, though not while Trump is in the White House. So, you're probably looking White House. So, you're probably looking White House. So, you're probably looking at 2 years from now. Support for at 2 years from now. Support for at 2 years from now. Support for independence sits around 30% in the independence sits around 30% in the independence sits around 30% in the French province. In 1866, pressure from French province. In 1866, pressure from French province. In 1866, pressure from Washington literally helped build Canada Washington literally helped build Canada Washington literally helped build Canada into a nation. In 2026, the question is into a nation. In 2026, the question is into a nation. In 2026, the question is whether Canada holds it together under whether Canada holds it together under whether Canada holds it together under new pressure. So, to wrap it up, who's new pressure. So, to wrap it up, who's new pressure. So, to wrap it up, who's really paying for the US Canada trade really paying for the US Canada trade really paying for the US Canada trade war? Well, if you're American, you are. war? Well, if you're American, you are. war? Well, if you're American, you are. If you're Canadian, you are at the till. If you're Canadian, you are at the till. If you're Canadian, you are at the till. Somewhere between 86 and 94% of every Somewhere between 86 and 94% of every Somewhere between 86 and 94% of every tariff dollar, depending on the month, tariff dollar, depending on the month, tariff dollar, depending on the month, gets passed on to the consumer. Right at gets passed on to the consumer. Right at gets passed on to the consumer. Right at the till on your tax bill for the the till on your tax bill for the the till on your tax bill for the bailouts, if you're Canadian, every time bailouts, if you're Canadian, every time bailouts, if you're Canadian, every time you change your money between Canadian you change your money between Canadian you change your money between Canadian and US dollars, the governments aren't and US dollars, the governments aren't and US dollars, the governments aren't paying for this trade war. They're both paying for this trade war. They're both paying for this trade war. They're both just collecting in Ottawa, in just collecting in Ottawa, in just collecting in Ottawa, in Washington. So, here's the ultimate Washington. So, here's the ultimate Washington. So, here's the ultimate question I'd leave you with. If your own question I'd leave you with. If your own question I'd leave you with. If your own government collects the tax and your own government collects the tax and your own government collects the tax and your own government spends your money cleaning up government spends your money cleaning up government spends your money cleaning up after it, who exactly is this trade war after it, who exactly is this trade war after it, who exactly is this trade war actually against? Thanks so much.

actually against? Thanks so much. actually against? Thanks so much. Comment the word news for my free weekly Comment the word news for my free weekly Comment the word news for my free weekly newsletter on the cost of living. I newsletter on the cost of living. I newsletter on the cost of living. I appreciate it. I'm Evan A if you're new appreciate it. I'm Evan A if you're new appreciate it. I'm Evan A if you're new at this channel. A Canadian expat living at this channel. A Canadian expat living at this channel. A Canadian expat living abroad for the better part of the last abroad for the better part of the last abroad for the better part of the last two decades. and you watch this next two decades. and you watch this next two decades. and you watch this next video on five forgotten American video on five forgotten American video on five forgotten American territories where Americans are moving territories where Americans are moving territories where Americans are moving or this video on a few countries you or this video on a few countries you or this video on a few countries you definitely do not want to move abroad in definitely do not want to move abroad in definitely do not want to move abroad in 2026. Take care.