Why Are We Doing This To Canada?
Episode details
Episode description
Thanks to Monarch for partnering with me! Start your free trial and get 50% off your first year of total money clarity using my link https://monarchmoney.yt.link/tbisfGW or code hmw50 for 50% Off Monarch Core tier. ----- Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://www.howmoneyworkslibrary.com/ Listen on Spotify - https://open.spotify.com/show/5gi1JobDJC3QqaF4aKfenR?si=f3IsgWIlSKObF8BT1Fitig ----- My Other Channel: @HowBusinessWorked @HowMoneyWorksUncut @De-Monetised Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ sponsors@worksmedia.group Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #money #tradewar #economy ------ Sources (in order) https://www.visualcapitalist.com/wp-content/uploads/2022/05/us-largest-trading-partners-infographic-2021.jpg https://ygo-assets-websites-editorial-emea.yougov.net/images/Americans20top201020countries-01.format-webp.webp https://www.pewresearch.org/global/2015/06/23/1-americas-global-image/ https://globalnews.ca/news/10967624/donald-trump-canada-tariffs https://www.aljazeera.com/economy/2025/1/31/trump-pledges-to-go-ahead-with-twenty-five-percent-tariffs-on-canada-mexico-from-saturday https://www.cnbc.com/2025/02/03/trump-canada-tariffs-trudeau.html https://www.aljazeera.com/economy/2025/2/27/trump-tariffs-of-25-on-canada-mexico-set-to-kick-in-march-4 https://edition.cnn.com/2024/12/15/politics/usmca-trump-mexico-canada-trade https://www.whitehouse.gov/fact-sheets/2026/09/fact-sheet-president-donald-j-trump-responds-to-canadas-retaliation/ https://time.com/article/2026/06/02/trump-annex-canada-51st-state-rhetoric-carney-us-partnership-message/ https://www.whitehouse.gov/presidential-actions/2026/08/honoring-the-american-history-of-the-great-lakes-and-renaming-lake-ontario-as-lake-america-3a36/ https://www.wsj.com/economy/trade/trump-says-he-will-block-canadian-firms-from-government-contracts-a4c3c21e https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcR34iSKeX4fQ5eO97fCAZii49qJG_nUNCMN_aLqxlMI-_E183NtNmD9cwjx&s=10 https://apnews.com/article/trump-canada-carney-trade-bombardier-aircraft-e65b6eeaaa7ffbd06a67a57fb474b2e9 https://www.spokesman.com/stories/2026/feb/15/americans-not-other-countries-paid-trumps-tariffs-/ https://www.globaltrademag.com/the-trade-deficit-myth-why-america-quietly-wins-with-canada/ https://oec.world/en/profile/bilateral-country/usa/partner/can https://cdhowe.org/publication/us-canada-trade-surpluses-shrink-ahead-of-2026-cusma-review/ https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/margin.html https://en.macromicro.me/series/229/us-trade-balance-to-canada https://unctadstat.unctad.org/insights/theme/227 https://www.eia.gov/todayinenergy/detail.php?id=62664 https://www.pbs.org/newshour/world/as-u-s-goals-shift-after-6-months-of-iran-war-strait-of-hormuz-is-now-a-top-concern https://pubs.usgs.gov/periodicals/mcs2025/mcs2025-potash.pdf https://www.visualcapitalist.com/wp-content/uploads/2026/08/Top-Foreign-Holders-of-U.S.-Debt.webp https://fred.stlouisfed.org/series/A091RC1Q027SBEA https://nationalpost.com/news/trump-says-canada-u-s-dollar-imbalance-is-unacceptable https://www.bankofcanada.ca/rates/exchange/foreign-exchange-intervention/ https://finance.yahoo.com/markets/currencies/articles/am-house-now-scott-bessent-230000967.html https://www.cbc.ca/news/canada/canada-china-trade-export-up-2026-9.7340408 ------ For the last Century Canada has been one of, if not our single closest, security, cultural and economic partner. We have one of the world's largest bilateral trade relationships (with close to a trillion dollars of goods criss crossing this border every year), a long shared history of international co-operation (even in our… less considered… geopolitical excursions), and well… we also just kind of like one another. Up until recently Americans reported liking Canada (and Spicy Canada) almost as much as they liked America itself. On the other side of the same coin, Canadians had an overwhelmingly favorable opinion of us down here… but clearly, that has changed. Over the last 20 months we have proposed, imposed, paused, reversed and reimplanted major tariffs and trade deals, THIRTY separate times and counting… all on top of what was an existing trade deal originally negotiated… by this same administration… On paper Canada is being dragged unwillingly into the ring with an economy thirteen times its size… but if push came to…