• 3 days ago

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00:00I just want to put one other thing to you. If Trump tariffs do come in at what
00:05he's threatening for Canada, what does this really mean for industry in both
00:10America and Canada? Will they not both suffer from tariffs, especially when it
00:15comes to the autos? They definitely will suffer. A very interesting statistic is
00:20that 80% of goods that Canada exports goes south of the border. So it will
00:26definitely hurt the Canadian economy. But what you're seeing in liquor stores
00:30and in grocery stores is that either the proprietor is taking down American goods
00:38so they're no longer available, or there's such a push for Canadians to buy
00:43Canadian goods that I think that there will be a willingness to suffer for a
00:50certain period of time. How long, I don't know. But you also have to remember that
00:54when it comes to some of the energy needs, the U.S. gets a ridiculous
01:00amount of its energy needs from Canada. And I think that the U.S. will suffer
01:06and Canada will suffer. And I also think that at a certain point, this is where
01:12someone like Mark Carney will be able to come in and say, we need to cut a deal.
01:16And I think that Trump would also recognize that he needs to cut a deal.
01:21And I do think cooler heads would prevail, but I'm hopeful that it's not going to get to that point.

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