0:02 now in order for the economy not to tank
0:03 you need predictability and you need
0:05 reliability I'm not just hearing this
0:07 from people who are on the left or in
0:08 the center I'm hearing this from
0:09 business people who are on the right and
0:11 as a business person who is on the right
0:13 you know what I want in my economy I
0:14 want a sense of predictability so
0:16 certain things that President Trump is
0:17 doing do give that sense of
0:19 predictability so for example we know
0:20 there's going to be a move to maintain
0:22 taxes at current rates that's great that
0:24 means I know exactly what to expect in
0:25 terms of my taxes we know that
0:27 regulations are likely to become less
0:28 onerous that's wonderful I know
0:30 precisely what to expect when it comes
0:32 to the tariffs the tariffs are
0:34 incredibly chaotic and the way they've
0:35 been rolled out so far which is sort of
0:37 like a hokey pokei we'll we'll put a
0:38 tariff in we'll take a tariff out we'll
0:40 put a tariff in and we'll move it all
0:42 about like that particular approach
0:44 Disqus markets it means that you don't
0:46 know whether to invest in a particular
0:48 contract if you have inputs from foreign
0:49 countries you don't know whether to
0:52 resign that contract and you also don't
0:53 know whether you are going to want to
0:55 sign a domestic contract because maybe
0:56 the Tariff doesn't go into place and now
0:57 you're paying twice what you otherwise
1:00 would have paid this sort of UNC is not
1:02 good for the broader business Community
1:04 which is why you've seen the Dow Jones
1:05 Industrial Average giving up all of the
1:07 gains since president Trump's election
1:08 so president Trump was asked about this
1:10 over the weekend and he said that he
1:13 doesn't need to be clearer on
1:15 tariffs will we have Clarity you'll have
1:19 a lot but we may go up with some tariffs
1:21 it depends we may go up I don't think
1:24 we'll go down but we may go up and but
1:25 you you're going to have they have
1:27 plenty of clarity they they just use it
1:29 that's like almost a sound bite they
1:32 always say say that we want
1:34 Clarity well that's not a sound bite
1:36 that's a reality and again I'm
1:38 supporting president Trump here I want
1:40 Trump's economy to boom and I can say as
1:42 a business person with hundreds of
1:45 employees I want to know what comes next
1:47 because that's how I game for how I
1:49 spend and how I save and how I invest
1:51 and that's true for every major or minor
1:55 business person in the country now
1:57 president Trump to his credit is being
2:00 cautious about his predictions Howard
2:01 lutnick his Commerce Secretary was on
2:03 the Sunday shows and he said don't worry
2:04 no recession is coming and you know his
2:06 mouth to God's
2:14 recession absolutely not anybody who
2:16 bets against Donald Trump it's like the
2:18 same people who thought Donald Trump
2:21 wasn't a winner a year ago Donald Trump
2:23 is a winner he's going to win for the
2:25 American people that's just the way it's
2:26 going to be there's going to be no
2:30 recession in America
2:33 okay now again I hope that's true and I
2:35 generally believe that that is true
2:37 however uncertainty is in fact
2:38 uncertainty president Trump was asked
2:40 the same exact question about now or
2:40 later and he said listen I'm not going
2:41 to make any predictions about the
2:43 economy which by the way is the Smart
2:44 response on this President Trump has a
2:46 good feel for this a smart response is I
2:47 don't know what's going to happen
2:48 because the problem is if you say
2:49 there's going to be no recession and
2:50 then there is one recessionary quarter
2:52 it's all over the TV for the next three
2:53 years this is the lesson that should
2:54 have been learned during the Biden
2:56 Administration when the Biden
2:57 Administration the Federal Reserve
3:00 called inflation transitory and it's now
3:03 4 years later and inflation is not
3:05 transitory are you expecting a recession
3:09 this year um I hate to predict things
3:13 like that there is a period of
3:15 transition because what we're doing is
3:17 very big we're bringing wealth back to
3:20 America that's a big thing and there are
3:22 always periods
3:25 of it takes a little time it takes a
3:28 little time but I don't I think it
3:30 should be great for us I I think it
3:31 should be
3:34 great okay now again if the idea here is
3:36 that we are ratcheting up pressure to
3:39 then ratchet back down the tariffs okay
3:40 if the idea is that we're trying to pry
3:42 winds out of other countries okay I'm
3:44 there if the idea is the tariffs
3:46 themselves are going to be good for the
3:49 country I have yet to see a situation in
3:51 which that is true that is not from the
3:53 19th century okay when trade
3:55 internationally was significantly more
3:56 limited and spending by the way was
3:58 significantly more limited domestically
4:00 speaking as we spoke about
4:03 last week the reality is that while we
4:04 are subsidizing a lot of businesses
4:06 elsewhere through global trade in our
4:08 markets everybody else is subsidizing
4:10 our welfare state by buying our bonds
4:12 okay that is a reality let me tell you
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5:11 meanwhile the question is whether these
5:14 tariffs are being put on in order to
5:16 drive again an anary outcome right it's
5:17 not about the economy it's about for
5:19 example fentanyl that was the case that
5:21 DHS secretary Christy Nome was making
5:23 over the weekend that this is all about
5:25 fentanyl it really is about fentanyl it
5:28 really is and I think the president
5:29 obviously wants a strong economy
5:31 obviously wants better trade deals as
5:33 well but this is about fentel and what
5:35 we can do to stop the cartels from
5:36 partnering with Chinese officials
5:38 laundering money and bringing a poison
5:40 into our country that is specifically
5:43 designed to kill the Next
5:47 Generation okay so again if the idea is
5:49 let's make Canada arm up the border and
5:51 militarize the Border all right fine
5:53 okay the problem is that the metrics
5:54 that are being used like I want the
5:56 deliverable because that way you get a
5:58 win right if president Trump says I want
6:00 Canada to do X and if Canada X the
6:02 tariffs go back down I'm fine with it
6:03 but it's very difficult to make that
6:05 argument about for example fentanyl when
6:06 you are not saying the thing you want
6:08 from the Canadians this is a point that
6:10 was made by Ambassador Kristen Hillman
6:12 she says listen less than 1% of all
6:13 fenel that's being seized coming into
6:15 the United States is coming from Canada
6:17 last year 43 pounds of fenel were seized
6:18 coming from Canada now you can make the
6:20 argument that's because we have a wide
6:22 open border with Canada but we had a
6:24 wide open border with Mexico and 22,000
6:26 lb of fentel were seized at the wide
6:28 open border with Mexico last year under
6:29 Joe Biden here's Christen hman the
6:32 Canadian ambassador to the United States
6:36 Canadians are frustrated with our
6:37 neighbors you know the country that we
6:40 feel closest to the country that is in
6:42 Partners allies often family that we've
6:44 gone to war with that we've died with
6:46 that we come to each other's Aid most
6:49 recently in LA but obviously 911 you've
6:51 come to our aid over the years so many
6:56 times and we feel uh Canadians feel uh
6:59 that under attack under economic attack
7:02 and is causing some challenges for sure
7:05 across Canadian Society fentanyl is a
7:07 very serious problem in Canada too um on
7:09 some days we have more deaths per capita
7:11 than you have here in the United States
7:14 so we take this very seriously it is not
7:17 a big issue between our two countries
7:19 less than 1% of the fentanyl that is
7:21 seized in the United States is coming
7:24 from Canada but every ounce can kill
7:26 families and people so we're taking it very
7:26 very
7:29 seriously again if there's a deliverable
7:31 great and force Canada to the wall to
7:33 get the deliverable however all of this
7:34 is having an impact on domestic politics
7:36 in Canada so if you don't like Justin
7:38 Trudeau and his party then why exactly
7:39 are you doing the things that are going
7:41 to ensure that they remain in power so
7:43 before all this trade War stuff The
7:46 Runaway winner in the Canadian polling
7:48 was Pier POV who's terrific Pier POV is
7:50 the leader of the conservative party
7:51 he's one of the most articulate
7:53 conservative leaders of Our Generation
7:55 he's terrific and he has now fallen
7:58 behind in the polling to Mark Carney who
8:01 is the leader of the liberal party in
8:02 Canada who will maintain all of the
8:04 policies of of Justin Trudeau except
8:07 without the dumb face so Mark Carney
8:08 just won the race to succeed Justin trau
8:10 as Canada's prime minister and he vows
8:11 to win the trade war with the United
8:13 States and president Donald Trump he's
8:14 the former Governor of the Canadian
8:15 Central Bank and Bank of England
8:19 according to the BBC he is a he is a
8:22 Green Revolution guy he's never served
8:23 an elected
8:26 office his replacement of the minority
8:29 government means that he is the new leader
8:30 leader
8:31 of the party that is
8:34 competitive according to the BBC the
8:35 governing liberals have seen a
8:36 remarkable political turnaround since
8:37 Trudeau's exit as Canadians have been
8:39 galvanized by President Trump's trade
8:40 threats and support for annexing their
8:43 country at the beginning of the year
8:46 Pierre POV was ahead 20 points in the
8:48 election polls today he is tied with the
8:50 liberals so are are you going to get
8:52 more from Canada with Pierre pev as the
8:54 Prime Minister than you're going to get
8:57 from Mark the answer is yes it turns out
8:59 that politics has a lot of Downstream
9:01 fact in the end listen I trust president
9:02 Trump on this stuff because I think in
9:04 the end as I've said a thousand times
9:05 he's a results driven guy he said over
9:07 the weekend he wants a dynamic economy
9:09 and a dynamic country the way to do that
9:12 is to provide a steady understandable
9:13 economy for investors that reduces
9:15 regulations and taxes and makes it
9:17 easier to do business in the country for
9:20 Americans that's the way and here's president
9:21 president
9:24 Trump well I want a dynamic country
9:27 where the private Enterprise carries the
9:29 day not the government and uh want a
9:31 strong country militarily we need that
9:34 nowadays you can see that probably
9:36 better than ever
9:38 before okay I agree with him and I think
9:39 that that is the way that he's going to
9:41 move and if the results are bad I think
9:42 he's going to change tactics well that's
9:44 all for now folks don't forget to like
9:46 subscribe and comment your thoughts down
9:48 below be sure to check out all of the
9:49 other great content on my channel I'll
