Canada Ditches the US & Strikes a Deal w/China!

All right, hello everybody and welcome to Geopolitical Trends, where truth matters. Excited to be with you as always. I have an interesting topic for you today. I will be talking about the recent visit of the Canadian Prime Minister Mark Carney to Beijing, uh, where he signed about, to my knowledge, 8, uh, sort of MOUs, uh, totaling about a trillion dollar But this is not about it. It is about the economic and geopolitical message that Mr. Carney is sending. And is it to the United States? And I'm going to be detailing for you really what this entails more and more about this particular deal. But first, let me say hi quickly, our wonderful community. Hangin' G, good to see you. Alan Sin, Kampolak, good to see you. Uh, okay, okay, right. Let me move this person here because that language is not appropriate. Uh, 7AC, Willie Holman, good to see you. Liang, as always. ACK, good to see you here. Uh, Phil, good to see you. Phil from Ottawa. So Taiwan still. AF Carleon, good to see you here. So Farhad Razavi, as always. Uh, let's get into our— by the way, I want to just share with you some housekeeping items here before we delve deeper into all this. Tomorrow I will be addressing a particular topic that I've been reading about it for the last 48 hours, and this one has to do with 8 countries within NATO that is now preferring China over the US. Makes you just wonder. So I'm going to be detailing the, the, the implication of such statements, but also highlight to you where things are headed with NATO. Also, uh, second, uh, I think that's about it for that one, but I do have, uh, uh, uh, sort of an upcoming video which I'm going to be talking to you when I share the headlines. So the two headlines that I'm going to share with you, the first one, once again, I'll be talking about Canada's prime minister's visit to China recently, just for those who just joining us. The first one has to do— the first headline, that is— it has to do with how China already won the artificial intelligence race. So it appears to me that the balance of power, especially in technology sector, is really, really going some dramatic and major shift. So, and this is— was really after decades of complete US dominance in the artificial intelligence landscape. But right now, what the data showing, they are showing that the, uh, China sort of is no longer merely a pursuer of this technology, but rather it is the winning of the most important race in the 21st century. I will be detailing more and more in my upcoming book about China, which by the way I didn't say much about it. I'm staying quiet about it, but I am working behind the scenes. And when I address the technological aspects of it, part of China's power, this one particular aspect I will detail, but I'm going to do a video for you, for the community, especially this one based on a report that I got following the behind closed doors hearing on the cyber capability and artificial intelligence. Which was at Capitol Hill. It took place a few months ago. Of course, it was at that time, uh, on a— based on a need-to-know basis. That's why information wasn't released. I got a hold of the info, and I will be sharing this with you. Very, very, very informative. So I might even reach out to someone I know in this field here. Uh, second headline I'm gonna share quickly with you. And by the way, this picture here This is of a previous test launch of an Iranian ballistic missile. So I just put in this for illustration, but what you need to know is that Iran— there is no conversation going on, has not been confirmed yet— but Iran actually tested an ICBM, an intercontinental ballistic missile. So now with the regional tensions escalating, of course, following the US warning to Tehran, there has been a report on X that some have witnessed a surge in content promoting the unprecedented military escalation scenarios in recent hours. So, and this is where this account on, on X platform has been circulating a video that garnered hundreds of thousands of views. And this one, the Post claims that Iran has conducted its first test of an ICBM. And the test was carried out, by the way, with the assistance of the Russians. It was in cooperation with Russia. So, and the missile, by the way, passed through the Russian airspace towards the Siberian region. And this, to me, it's a clear and a direct deterrent message directed at both the United States and Israel. As a matter of fact, now Israel is on a high alert, believe it or not. This is not about the fear of Iranian firing, but possibly the preparations for a US attack on Iran. We'll see. I'm keeping an eye open, uh, for this one for you. So, all right, let's talk about, uh, today's topic, the recent visit of— and I didn't want to talk about it till Mr. Carney returned to Canada. This way I get a full picture of really how successful was that visit. So to me, it was a historical pivot now in a foreign policy in Canada when you have the Prime Minister Mark Carney, uh, who has negotiated with the Chinese some major trade agreements. So, and this one of the key things that came up was the lowering of the tariffs on a host of items. I got some examples: agricultural products, canola, the Chinese electric vehicles, and so forth. This is a major slap in the face for the United States. And by the way, just for you to know, uh, uh, the background of Carney, uh, Carney has earned the bachelor's degree of economics from Harvard University back in 1988. And he followed with a master's in economics in 1993 and a PhD in economics in 1995. Both the master's and the PhD were granted from Oxford University. So in addition to being in the world of finance, 'cause his career started in finance. So why am I sharing this with you? To highlight to you the pragmatic thinking of the Canadian prime minister who's saying to himself, you know what, I gotta think about the economic aspects of it for the welfare of, of, for the welfare or the well-being of the Canadians, given now what's going on in Canada also with the tensions with Indian nationals there and so forth. So to Canada, it makes perfect sense for them to go ahead and pivot, ditch the US, and pivot towards China. Because the move, in my opinion, represented a calculated strategy. So, and that in itself, to assert Canadian sovereignty, and all this in response to Donald Trump's statements and claims about the annexation rhetoric of Canada, which I will talk about in a minute here. So what you have basically is by diversifying now the trade relations. So this way Canada is not sort of submissive to coercive measures by the United States. But I'm still, for me, I'm still putting big question mark, you know, because you never know. Western countries tends to flip-flops quickly sometimes. So, but suffice it to say, for now, based on the available data or information is that the deals that Mr. Carney signed with the Chinese carries significant economic benefits, especially for agricultural and renewable sectors. So, and, but that's going to put some strain on a North American negotiation treaty, especially the, the USMCA between Canada, Mexico, and the US. You have to think about your strategic interest and, and, uh, At the same time, when you think about this is not just a move by Canada, Europe is pursuing parallel trade negotiations with the Chinese. But at the same time, are you going to trust what the Germans, the French, the Brits and the rest of them saying? Italian for that matter? No. So, but this we cannot ignore it. We cannot overlook it because this in itself suggests much more of the, what you call it, realignment of a broader sort of realignment here away from the United States, which reflects the multipolar order. So, and this leads us to ask the specific question, okay, with Mr. Carney's recent visit to China, you know, did Canada ditch the United States and strike a deal in this fashion with the Chinese? Well, to me it's common sense. So I'm going to play a clip for you. I'll translate for you because it's in Arabic, believe it or not. Then I'll continue on my conversation here. So let's take a listen here, please. For the first time in 8 years, the Prime Minister of Canada Mr. Mark Carney visits the Chinese to conduct negotiations. This is a step that sort of demonstrates Canada's taking some steps— rearranging its alliances— the like of China, India, and South Africa. And this far away from its traditional allies, the United States. And this was according also to Bloomberg, Bloomberg magazine. What Mr. Carney stated is that his country, Canada, and China are going through some changing periods. In their bilateral, in their bilateral intense relations. And China on its end, on its part rather, has shown that it's willing also to revive its relations with Canada or bilateral relations with Canada. Stating that Canada is moving in the right direction. The relationship between the two countries have deteriorated back in 2018. And this was after the arrest and detention of the executive officer of Huawei, Meng Wanzhou. Following a memorandum of order by the United States. In other words, it was the US that forced Canada to do so. And she was arrested in Vancouver. In response, the Chinese detained two Canadians accused of spying. And this is what made Canada sort of retaliate. Against the Chinese, by diplomatically speaking here, and stated, meaning Canada, that this was politically motivated. Mr. Carney's visit came against the background of Donald Trump's tariffs on Canada. Major tariffs, especially on aluminum. Currently stated that they want to double their exports by 2035 so it can reduce its dependency on the United States. And the world can achieve some success without the United States, according to his statement. However, the United States still remains the largest market for Canada. Because it has purchased about 75% of Canadian exports. In other words, the United States purchased about 75% of Canadian exports as of 2024. And this based on stats from the Canadian government. In your opinion, do you think that Mr. Carney's visit to China is a political message? I'm good with an episode. Yeah. Or an economic sort of initiative. All right, I'm going to stop right here, which is a good question, by the way. And interesting enough is that exactly what I'm going to be addressing, both the economic and the geopolitical aspects. So when you think about the core shift, And this core shift is that Canada and China now reach this agreement to lower trade barriers. And that in itself signals sort of— that's why I titled Canada Ditch the US and Pivot to China, because it signals now the pivot of the Canadian foreign policy. So break away from the alignment with Donald Trump. Of course, Canada still be a part of NATO and so forth and whatever, whatever. But we have to look at at least what we are working with right here. And this is particularly striking in my opinion, given the recent history. And when you consider the ties between the United States and Canada have plunged, and also the ties between Canada and China have, have also plunged like what you heard on the clip, especially in 2018. So to me it was— and, and back then I was made aware of the secret memo that was sent by the White House to Canada. It wasn't made public earlier, it was later on. But at the same time I was asking, because I covered that particular incident extensively, so— and it was— I was asking the question Why the heck is Canada following orders from the White House to just detain Wang Manzhou? For what? Just because the US asked? And that to me raised serious concern because I said to myself, the Chinese not gonna sit idle, they're gonna retaliate. And exactly where they arrested the two Canadians there. But that's a separate conversation altogether. So for now, suffice it to say for us. We focus on the trade aspects of this and the specifics of it, because you have to understand the implication of this, especially for the US farmers. The US farmers are already struggling. Some of them are burning their crops because China is not buying. So the agreement between Canada and, and China includes significant tariff cuts. So what's, what's going to happen now is that China is expected now to lower the tariffs on Canadian canola seeds, which is approximately about 15%, meaning the tariffs will be at 15%, dropping from 85%, which is going to enter into effect by March 1st, 2026 of this year. This, in my opinion, represents a significant relief for about $4 billion market for the Canadian producers. That's how much Canadians— producers of the canola seeds is going to benefit from having access to the Chinese market. $4 billion is not a small change. So, and this is again, in exchange, what Canada is going to do, Canada is going to roll back its 100% tariffs, which was the same as the United States, uh, still imposing on the Chinese EVs, electric vehicles. And, and the Canadians going to now allow about almost up to 49,000 to 50,000 EVs per year at a 6.1% tariff rate. And that's why I'm going to conclude this live stream with something specific about the EVs. I said it when I was in, in China last, my last trip, because I did the math and I realized, oh my gosh, if only the tariff drops, you're gonna see the Chinese vehicles being purchased right and left because it will be affordable. So here is the broader strategic context of all this, because when you have to think about also the statements by the leaders of both the Canadians and the Chinese, and usually when a statement is released You can, if you know what to look for, you can read the message there. So on part of Mark Carney, from his part, he is looking at the idea that this particular trade, so, or even the partnership with the Chinese, it's setting up Canada for the New World Order. I mean, just Take a step back and let that sink in. The Prime Minister of Canada describing now this partnership with the Chinese, okay, setting up Canada for the New World Order. And this is where in his statements he made the note that this global industry system is undergoing fundamental change and the multilateral institutions have lost effectiveness. That's, that's, that's, that's a punch to Donald Trump. That's a punch to the Western system, dominated systems. That's a punch, really a punch to the financial system dominated by the US dollar, because that is part of that as well. So of course, the relationship between Canada and the US It's much deeper than that and broader and so forth. But at the same time, what Carney's message indicates, it indicates that the ties with the Chinese now are now more predictable. This is how you read it on the landscape. Of course, there are those inside Canada who's going to disagree with Mr. Carney's deal because they're going to say, oh, the auto industry is going to lose. Well, if the auto industry is going to lose, they better increase their productivity, they better increase their technology. They can't compete with the Chinese. This is why the US is doing this 100% tariffs, because most Americans— I tell you, most Americans, if they have their hands on those Chinese cars at $12,000, $14,000, they're gonna buy the BYD. And this is what's going to be happening. In Canada. So, and that is a reflection, in my opinion, about Mr. Carney's vision for the future, because what Canada is attempting is to diversify its economic relationship, of course, in response to tariff— of, uh, in response to Donald Trump's tariff policies, you know. But it's— I'm not gonna be saying, oh, this is complete abandonment Yeah, ditching the US on this aspect. Still, Canada is going to still cooperate with America because remember, it was Canada that was sending spare parts of weapons to Israel via the United States. You know, I'm not, I'm not, I'm not naive to rule everything out. But suffice it to say, for the economic aspects, Canada is ditching the US and move in. To me, it's a calculated hedge. Why? Because Carney is convinced— the Prime Minister, that is— is convinced that we are moving towards a more multipolar trade environment. That is his conviction of that. Of course, you're going to have the Ontario Premier, Doug Ford, pushing against it. He's not gonna like it. Well, too bad. But this is again, what message is Mr. Carney sending to Donald Trump, especially when the latter stated on many occasions that he wants Canada to become the 51 states? So, and in my opinion, this is a powerful message. You know, it is a powerful message because this message is not specific just on one item or on one line, on one specific aspect. But rather on several levels. Okay, let's start with the sovereignty issue. If you— we are— we're gonna decipher this message on different aspects. Let's start with the sovereignty. So because what Carney did and the message of that action by going to China, signing a trillion-dollar deal and so forth, is the direct assertion of Canada's sovereignty. So Because remember, when he won the elections in 2025, this is what Carney stated, and I quote, he has territory— he about Donald Trump— he has territorial views that never ever going to happen with respect to Canada. End of quote. So as a matter of fact, he— I remember him stating that it ain't gonna ever, ever happen. So, so And especially when Donald Trump started mentioning Panama, was mentioning Greenland and elsewhere. And of course, we saw what happened with Venezuela. So that's one message. The second message is the economic pivot, which is more clear because it's calculated. Of course, Araújo made the mistake in 2018 by arresting Meng Wanzhou, just unjustly and illegally. I covered that extensively because it wasn't right for Canada to do what it did, but they moved on now. So because Ottawa is— was going after Ottawa in a relationship with the Chinese. Why? Because you cannot ignore the Chinese market no matter how you look at it. But also, Canada is in a much dire situation for it to diversify its trade. And what is other big market around the world? Are you gonna do it in India? Forget about it. So this is why China is the best destination, and that's exactly what Mr. Carney did and the message it is sending. So, and the idea that sort of, you keep going, we keep going back to the Donald Trump statements about the economic force making Canada the 51 states. So because when Donald Trump's saying this, what's currently doing politically is by striking a deal with the Chinese, Carney is demonstrating this is the political moves is demonstrating that Canada has alternative to the United States, especially on the economic front. Because to me, if I am to think about what Carney might be thinking, he's like probably saying, "You can threaten us with tariff, Mr. Trump, but we do have other partners we can turn to." At the same time, I cannot caution China enough to be careful in these moves with Western countries. So, but for now, let's say we move with this direction, uh, moving forward. So, so, and this is why, uh, the idea of thinking in terms of, uh, Mr. Carney's message also is for domestic audience. Yeah, because the Chinese deal, or the China deal that is, reinforces now the message that it is better to get closer to China diplomatically than you do with the United States. So that's why Canada made this move and is also choosing to be someone else trading partners rather than capitulate to the United States pressure or annexation threats or what have you. So, but, but Korni has also considered the domestic audience, nationalism. Yeah, you're not gonna deny this. Every politician will have to think in these terms because what Mr. Korni is doing is reclaiming the nationalistic high ground. So, so Like I said again, because you have to understand the importance of Donald Trump's statements about making Canada 51 states. That's another message that Carney is sending to Donald Trump by saying we are united and we have alternative. So, and this is where Mr. Carney is channeling this nationalism into concrete actions. Because what is he showing to Canadians? I am going to Beijing and I'm gonna cut a deal with the Chinese and show that I am defending Canadian interests against U.S. pressures. So, and all this, speaking of this 51 states and so forth, it was recently there has been a leak about a secret plan inside the White House regarding the takeover of Canada. Don't be surprised and don't be shocked. Could it be why Mr. Carney head out to China quickly? Because here, here's what's going on. A report now on the Daily Beast, right, in the U.S., revealed that Donald Trump has turned his attention to Canada once again. So this still making that target, that strategy, or the target for his strategy to expand American influence and secure the Western Hemisphere. So, so what has been reported, and I looked into the report and I'm going to send you the link, by Laura Esposito, she's the one who wrote the article, is that this interest of Donald Trump in Canada stems from Donald Trump's deep concerned about what he describes as— and I put this in quote because that's the author's word— weak Canadian defenses, in quote. And what are they referring to here? When I'm referring to Canada, we're talking about the Arctic, which could open the door. This is the argument that Donald Trump is saying. It could open the door to infiltration by US adversary, particularly China and Russia. This is why this secret plan now has been leaked. And whomever leaked it, whether just to draw the attention or to just to, to sort of give a heads up, something major is coming. So, especially when you consider the Deputy Chief of Staff in the White House, who said, and I quote, his name is Stephen Miller, said, and I quote, "The law does not give countries the right to retain their territory if they are unable to defend it," end of quote. Oh my gosh. Did he lose his mind or what? It's their country, whether they can defend it or not. We don't have the right to go and take over. And this, by the way, this statement wasn't in reference to Canada. It was in reference to Greenland. So, and this is why you see why Mr. Carney had to rush into China and cut a deal with the Chinese. However, he wasn't going to wait. He's not going to wait. That's why he did what he did. And this is where Canada now wanted to— it's signaling, it's not want to, it's signaling we want a deeper ties with the Chinese. This is why it was like the first trip in 8 years. So, you know, and that in itself gives Canada leverage. It's an implicit challenge, in my opinion, to, to Trump. So, because by signing a deal with the Chinese before the conversation date with Carney and Donald Trump. So what Carney is signaling, that is signaling that Trump's economic threat, while it is somehow, it is painful for Canadians to pay too much tariff, it is painful for the Americans. Now we're seeing what's going on here, but what Carney is saying is this will not force us into submission. So in my opinion, Mr. Carney's trip is a calculated gamble, but that I believe it will pay off. It will pay off. There is no doubt. So that's how I, that's how I see it moving forward. Liking this video so far? Don't just be a watcher. Go ahead and hit the like, share, and subscribe button, and don't forget to tap the bell so you will not miss any of my videos or livestreams. This way you will be supporting a channel that stands for the truth and objective reporting. The choice is yours. Thanks for your support. And this leads us to address the two aspects of this particular— why I wanted to do this for you. I wanted to do this for you because I want you to understand the impact of this deal, both economically and geopolitically, because this deal has some substantial impact across a variety of dimensions. We're not talking about just the EVs. So let's start with the economic impact. We'll start with, okay, what is the biggest sector when this is going to be? Agriculture, especially for the Canadians. So as I said, Canadian canola tariffs from Canada dropped now from 84% to 15%. That's a major drop starting March 1st. And that, as I mentioned earlier, unlocking a revenue of about $4 billion in annual, in annual canola exports for Canadians. So, and when you think about canola meal, lobsters, peas, crabs will have anti-discriminatory tariffs removed also, because remember, China cut off import of fish from Japan. It's looking for— it's a win-win. So, so, and that is where by, by sort of moving these items from anti-discrimination tariffs, that means they are restoring about $2.6 billion in market access. So, because China closed the door on Canadians' maritime harvesters a few years ago, now they're lifting that. You can see. Then come the big elephant here. And elephant in a room, the EVs. The EVs is a calculated gamble, but it's gonna pay off because Canadians at least will be able to afford the car out of $14,000 Canadian or $16,000 Canadian dollars. Far better than a $35,000 car manufactured joint ventures between Canada, Mexico, and the US. So, so when you have 49,000 vehicle— EVs vehicles on a yearly basis coming to Canada at about 6.1% tariffs, which by the way, down from 100%. So because what this is going to do to Canada, this will drive the Chinese investments into Canada auto sectors. And also is going to help Canada accelerate the net-zero transition. So to me, it's a win-win. Chinese manufacturers will get a profit. The, the, the Canadian consumers will have affordable, good quality automobile. Everybody wins. Of course, it is controversial inside Canada, especially a few from its Ontario Premier Doug Ford. He's the one who's called now this Chinese subsidized spy cars in quote. I mean, talk about stupidity, talk about idiocy. You'll remember the saying was, uh, it was because it was some Chinese garlic. It used to be if you— and, and some have circulated that Oh, the garlic is a spy too, which is very ludicrous. It's ludicrous. So yeah, this is what Doug Ford is saying— Chinese subsidized spy cars. You know, that's really the pinnacle of stupidity. So, but anyway, we won't worry much about this one. Uh, the key to all, as The key to all this from an economic perspective is the broader trade diversification, because the agreement will increase investments inflows from China in the energy sector, in the financial sector, and of course will reduce Canada's dependence on the United States market, which, by the way, will hinder production here in the US until you start seeing manufacturers here in the US because nobody's buying the products they are producing. And of course, all this to stabilize the relations vis-à-vis the global tariffs that's imposed by Donald Trump. This from the economic aspect. From a geopolitical aspect is a different— another dimension altogether. And this has to do with realignment, because now you have countries looking for different alliances. You know, like when I did the talk to you about Turkey last time, or Türkiye, that is, you know, to me, if Türkiye wanted to join the alliance with Saudis and the Pakistanis, the first step they need to do is drop out of NATO. So you can't have it both ways. It just doesn't work. So I will say the same argument for Canada, but Canada is not going to do that. Let me just tell you this. So suffice it to say, this realignment during this Trump era, because remember, we still have a few more years with Mr. Trump in office. And what Canada appears to do geopolitically speaking is that it appears to have its intentions not only on diversifying its trade relations, reducing dependency on any single markets, because the unpredictability of the tariffs environment, so forth. But the reaction is also has to do with the fracturing global trading system. This is where that difference is, because what Canada is seeing, is seeing that Western economy as global supply chain and alliances is shifting rapidly. Look, look what's going on with Germany right now. Look where the UK is. I mean, if you only know, maybe I'll do a video for you about this one. If you only know the chaos economically and financially that exists inside the UK. Of course, the government is putting a lid on the media not to disclose the information. This is why, uh, Kirsteimer, he's threatening to arrest people who post stuff on X, one even, one even to remove X from from, from the UK. The UK is a, is, is a basket case. So, so, but for Canada, since we're talking about Canada here, we're talking about the strategic positioning. Remember, most countries always think in this term of the strategic positioning that goes beyond just tariffs. Because when you look at the MOUs, Memoranda of Understandings, that Canada and China have signed in energy, renewable transition, combating crimes, wood products, food safety, agricultural products, and so forth. What it means is that for Canada, Kearney, who is an economist by trade— this is where it's important to have leaders with background background, do you have an understanding of what's going on? So what Carney is doing, he is, by doing this, he is committing now to doubling Canada's energy grid over the next 15 years. And how is he going to do that? Partnership with the Chinese. He's also going to scale in LNG, liquefied natural gas export to Asia. Not to the US, not to Europe. Because why is this? Because it's gonna double Canada's energy and exports. I'm sorry, this is what it's gonna do. We're talking about 50 million tons annually by 2030, 4 years from now. And that, in my opinion, signals a structural or deep structural integration that goes beyond just trade. So, but the main aspects of all this, geopolitically speaking, whether it has to do with the fracturing of North American cohesion— remember Donald Trump when he abducted Maduro, he was swirling about Colombia next, Mexico next, you know what I mean? This is what Carney is thinking strategically here. And especially when you think about North American cohesion. What am I referring to here? The auto industry. Because what the auto industry already is stating here in the US is that, oh, no, no, no, no, this deal puts us at risk and puts at risk the renewal of the trilateral US-Canada-Mexico trade agreement. Maybe it's time to get rid of it altogether and let Mexican trade with the Chinese if they want to, or any other country. Let the American trade with Europeans or whomever they want and let the Canadian trade with whomever they want. So this is where it's gonna be very, very, very delicate. And that in itself highlights to you the tensions that exist within this North American trade agreements. So, and that's why Carney wasn't gonna wait. He took proactive steps betting on diversification. So, and what a best player, or what are best partners to do it with than the Chinese? Because you know where the economy— and again, I'm just stating the facts, you know, he didn't go to South Africa, he didn't go to whatever other country. He went to China specifically. He didn't go to Germany because Germany is sinking economically. So, so here is, here is what Donald Trump's response to expressing what, what, uh, what, what Carney did. Donald Trump is saying, oh, I approve this deal. Who gives a damn whether you approve it or not, Mr. President? Because what Donald Trump is saying, oh, you should do that. No, no, no, he doesn't need your advice on that. Because while Donald Trump is saying this, US officials behind closed doors are warning Canada they will regret allowing Chinese EVs in their market. Mike, my word on it. And I'm going to conclude My conclusion on this, on this aspect, I want to keep it for last here. And this is why to Washington, no, no, Canadians don't care anymore. They're going to move forward for what's best for Canada. So, and that's again why it was a very calculated move by the Canadian Prime Minister, especially once again, you fall back to that. Statements of annexation aspects of it. Let me play a clip for you here. I want you to take a listen here. And yeah, oh, pardon me, let me share it first on the screen, then we'll play it quickly here. It's very, very, very, very short. So I had discussions with President Xi about the situation in Greenland. About our sovereignty in the Arctic, about the sovereignty of the people of Greenland and the people of Denmark. And I found much alignment of views in that regard. That's your keyword right there. I find much alignment. That gives you an idea where things are headed. Of course, it's very disturbing as to what Mr. Trump is thinking about annexing Denmark, uh, Greenland. I'm sorry, because here's the thing. If you are to go with this argument, that means you're using force, right? If you're using force against another country, you know what's going to happen to Article 5 of NATO? Because Denmark is part of NATO. So, and if any member of NATO is attacked, Article 5 will be activated. I mean, just think about it. This is why you have— that's why I decided to do the topics for you for tomorrow about those 8 countries inside NATO that's saying, you know what, we prefer China to the US for now. Because that's, that's, that's the way it's moving forward. And this leads me to talk about what the Europeans are going to do. You know, what are the Europeans, you know, Europeans, of course, talk more than they act. Of course, you have the French now having their airplanes flying over Greenland. You know, that's just a show. That's just for a show. There's nothing. So there are those who are saying, oh, Europe is moving in parallel direction, similar to what Canada is doing. I won't believe it till I see it. Remember last year how many European leaders went to China? You know, the German back then, Olaf Scholz, and Giorgia Meloni, and Emmanuel Macron, and You know what for? So, you know, only one of them, especially the last trip of Macron, when he came back to France, he imposed tariffs on Chinese. You know, why would you trust the Europeans? So of course they are talking now about the EU, the European Union, and the Chinese being close to replace their own tariffs with a minimum price undertaking. I won't trust what the Europeans are saying. So, so, because to them the argument is, well, the euro— the Chinese will have to put some sort of, uh, a price floor for their EVs. Well, if you can't compete, then the Chinese problem, it's your problem. So because the Europeans argue about, well, the Chinese gonna dump their vehicles and so forth. Yeah, they are affordable, and cost means a lot to consumers. I mean, when you go buy— to buy something, won't you think about a price? Yeah, of course it's different if you are this massive wealthy individuals, you're not going to think in these terms. But how many of us are in that position? Not a lot, not a lot. So, and this is why I, I don't know about the Europeans. Of course, I'm gonna have to consider that into conversation, but I won't count on the European. Of course, the Europeans see the Canada move represents some sort of a reaction to Trump's bullies of his allies. So, and, you know, waging a trade war against the entire world simultaneously is having now the predictable effect of pushing everyone else closer together on trade, not the US, but others. And this means that the— to me, what this suggests is that the Europeans also assessing and seeing that this Canada-China deal is part of a much larger global realignment away from the US protectionism. That's how they're reading it. But reading it versus acting on it, there's two different stories. You know, I'll believe it when I see it, when I see the Europeans taking concrete steps. But all I've known since I was a kid, Europeans always talk. We need to have our own defense, uh, uh, uh, independent, uh, from the US. We need to have our own independent foreign policy. We need to have our own this, our own that. And nothing happened. And the best example to look at is Germany right now. Because when I was in China, I'll tell you this, when I was in China, I did see some Mercedes, I did see BMWs, but they are very, very limited basis. What I saw is the EVs, the Chinese EVs vehicle. And as a matter of fact, Mercedes, revenues in China dropped. So is the BMW dropped because nobody's buying those anymore. And this is why you have now the Germans pushing their own EV. Because what Germany wants to do is wants to launch a new subsidies program for entry-level electrical vehicles. And this program, to my knowledge, puts about €3 billion, the equivalency of $3.5 billion $1 trillion, US dollars, between now and 2029. Why is this, in your opinion? It is because it signals that Europeans are recognizing the affordability of EVs, mainly the Chinese. So this is where that difference is. But again, I believe it when I see it. So I was a few months ago, I was in Europe. I didn't see much of the electric vehicles there at all. So the other big argument that I want to make before I do conclusion here for you is the ideological shift, because we're talking about system of governance here. We're talking about financial systems. We're talking about governance. We're talking about the role of the government. You know, you look at when, you know, I'm sure especially for my American viewers You are aware of what's going on in Minneapolis now with this massive fraud that even politicians are involved, you know. You know, where is the government into all this? Yeah, maybe Mr. Trump is doing what he's doing, but let's, let's clean house inside the government first. Then we'll tackle the states when you have the corrupted governor, corrupted members of Congress. Paving the way for whatever. And this is where this ideological shift comes in. So, and especially from the perspective of the Canadians, or, or Carney— I speak for, on behalf of Carney here, not all Canadians, because not all of them see it— because this, from his perspective, this idea of, of cutting a deal with the Chinese, some sort of is going to determine— I'm still working on determining this— is going to determine how the global trade is going to be governed. So, because what it says is that you have multilateral institutions, Western multilateral institutions like the WTO, are being now eroded. You look at the, the, the financial institutions They're being corrupted. You look at the UN itself, no credibility. You look at the ICC, they couldn't even impose the, the will of the law. And what this signal is that you are replacing this multinational or multilateral global institutions with bilateral partnerships. This is exactly what you're seeing. Like-minded countries when they decide to cooperate. This is what I see between Canada and China, even though I'm still warning the Chinese to be careful, proceed cautiously. That's like when I said the— when the India wanted to lift the restrictions on bidding on contracts for the Chinese. No, no, don't do it, China. Don't do it. No matter how much money the Indian government said you will get if you bid for this contract, don't do it. It's not worth it. It's not worth it. So, and this is exactly, in my opinion, why Europeans now going on the same parallel, because this is precisely the framework Europe will want to benefit from. So the bilateral aspects of it. So of course Europe will have still— Europe is still under the thumb of the US. So yeah, I'm just— I just don't buy it. Simple. That's— I'm going to leave it at that. So Europe is watching now Canada's bold move, but it's not in approval, at least. So will Europeans make similar bet? I don't know. Time will tell. So let me share my conclusion with you before I, I close this off. Uh, as I mentioned earlier, I'm going to be talking about the EVs. So, so, and the, the question that I wanted to keep for, for, for, especially for my Canadian Phil— you are in Ottawa, so I'm sure you'll have a conversation with some other Canadians. So will Canada now have the opportunity to buy an affordable, well-designed technologically savvy Chinese electric vehicle at a lower cost? Because it's practical question. I'm a consumer. I look for the cost. When I was in China the first time and I had the conversation with the general manager of the BYD and I— he allowed me, he said, yeah, Mr. David, just go inside any car you want, take a look, whatever. So I did. And I remember I did a video for documentary for you. And I asked different prices, and I said, help me out here with the math, I need to know. And when we did the math, and he said, it won't make any sense for you to purchase a car here because the car was so affordable. By the time I'll drive it on US roads, it will cost me twice or three times that amount. That's why he said Practically doesn't make any sense. But in this case, between Canada and China, it will be different. The reduction of the tariffs on EVs going down from 100% to 6%, which is the same interest— as a matter of fact, it's a lower interest rate that we pay on cars here. I don't have car loans. I don't remember last time I have car loans. Car loans is— it's, it's a trap. The system here, the financial system, is a trap. This is where a lot of people now waking up to that idea of the American dream. It's a trap, especially, especially if people are not well educated about finances. So what it means for Canada? Lower prices for consumers, that is, for the Canadian consumers. So yeah, it might be just limited quantity, but remember, limited quantity on a yearly basis. Remember last time when I talked with Carl Zaha, you know, when he was waiting for the plant in Indonesia to open for electric vehicle from Chinese because lower cost? He said, I'll be waiting for a few more months. So, so, because in this case The automakers inside Canada will not pass the full tariffs to consumers. It's exactly what the Americans are paying right now for the tariffs that Mr. Trump has imposed. So it just— they don't know how to express that, that confusion, that anger, and the government's taking advantage of a lack of, of, uh, sort of, uh, ignorance, ignorance on part of people not educating themselves. Do you blame the government? No, no, no, no, no, no. I blame the people themselves, because if they are willing to learn, they will allocate time to go and learn about the issues, but they're not. Again, so, and once again, the realistic scenario is that and I'm concluding with this, is that the Canadian consumers will see lower Chinese EV prices compared to the pre-deal environment. So because their savings is going to go up to $5,000 per vehicle, and $5,000, you know, that's a, that's almost a monthly expense here that you're saving. So And this is where it's very, very important. I wrote an article, I wrote an article. And here is, here's the last sentence on this, just for you to know. The idea that the real benefit, the real benefit for the Canadian consumers is going to come not just through the increase of the EV choices and competition in the market. But rather the dramatic affordability gains that they're gonna have. And I detailed this in my article that I put on LinkedIn. You know, I do post my articles. If you follow me on LinkedIn, just, just go to LinkedIn, uh, you type in my name and you— the articles will come out there. So I post the link for you if you want, if you are, if you are interested in learning about this one. So this is what I wanted to share this with you today, because I need you to have an understanding, especially for my viewers in, in, in Canada. Uh, it's, it's quite a strategic move by Mr. Carney. Uh, again, that's what you expect from, uh, uh, somebody who represents his or her country. So you do what's good for the country, you know, you know. Does Canada have its flaws? Oh yes, of course, you know, how can I forget what they did in 2018 and their dictator Trudeau? So how can I forget that? I want— and I covered this extensively. So, but again, you move on, you move on, you have to, uh, you move on. So, so I wish Australia would have learned the lesson. So I wish the Philippines could learn the lesson. I wish Japan could learn the lesson. Because no matter how you look at it, I believe China has the upper hand. And I am doing the research for the book, you know, and I'm— most of the resources that I'm looking into, of course, not all of them just here in the West, because I'm getting different perspectives from around the world regarding how they see. And the ones I saw so far, majority from outside the US, converge on one particular theme. And that theme is China has the upper hand economically. That's why I'm gonna do the, uh, the AI video for you, livestream. And I have somebody in mind who deals with this domain. I might reach out to him, or I might do two videos, one with the individual and one by myself here, because mine is based on the closed doors hearing that took place in Congress with someone that I'm very familiar with who deals with this stuff. So, oh, speaking of Canada— of Australia— yo, Carl Amal, good morning from Warrandigi, Australia. Good to see you, good to see you here. So hope you enjoyed this. Let me say thank you to Mr. Iman for your Super Sticker. Truly appreciate your support. And speaking of support for this, please, please remember, I do devote a lot of time in doing research for you. You know, I'm doing all this while I'm at the same time having to do the research for my China book, because I can't put a book out there that is not a good quality content. And, uh, Your support for the channel means a lot to me. So if you enjoy this, this analysis that I've been doing for you, I will greatly appreciate if you could contribute, if you can afford it. No, please don't go out of your way, but I will greatly appreciate if you could do that. I also want to share with you the link to my upcoming Asia trip, which is going to be in few months from now. No decision yet as to the dates, and, uh, usually you will know once I'm there. I will reach out to the community, say hi, and let you know that I am in whatever part of the world I'm going to be at. So I will greatly appreciate your support. And as always, remember, geopolitics impacts your daily life in more ways than one. Till next time, bye-bye.