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Date: 2025-08-22 Page is: DBtxt003.php txt00028371
US POLITICS
TRUMP'S WRECKING BALL

Garage Heads: Canada's SHOCKING Power Move Has Tesla, Ford and GM On The BRINK of EXTINCTION!


Original article: https://www.youtube.com/watch?v=dyuD2-1g_Bw
Peter Burgess COMMENTARY



Peter Burgess
Canada's SHOCKING Power Move Has Tesla, Ford and GM On The BRINK of EXTINCTION!

Garage Heads

Apr 13, 2025

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Canada's SHOCKING Power Move Has Tesla, Ford and GM On The BRINK of EXTINCTION!

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No one expected Canada to be the one to bring America’s auto empire to its knees—but that’s exactly what just happened.

First came the tariffs. Then came the retaliation. Now, Tesla, Ford, and General Motors aren’t just losing money—they’re fighting for survival. While the media obsessed over trade talks and political headlines, Canada was quietly executing a ruthless, precision strike that blindsided Washington and Wall Street alike. This wasn’t a trade dispute. It was an economic power play—and the fallout is rewriting the future of the global auto industry. How did Canada pull this off so fast?
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Transcript
  • 0:00
  • no one expected Canada to be the one to bring America's auto empire to its knees but that's exactly what just happened
  • first came the tariffs then came the retaliation now Tesla Ford and General
  • Motors aren't just losing money they're fighting for survival while the media obsessed over trade talks and political
  • headlines Canada was quietly executing a ruthless precision strike that
  • blindsided Washington and Wall Street alike this wasn't a trade dispute it was
  • an economic power play and the fallout is rewriting the future of the global auto industry how did Canada pull this
  • off so fast what's happening on a seemingly ordinary morning in Washington President
  • Donald Trump announced a sudden and staggering 25% tariff on Canadian auto
  • imports there were no warnings no diplomatic back channels no lastminute
  • negotiations just a cold calculated decree that would send shock waves through two of the largest trading

  • 1:02
  • partners in the world for decades the relationship between Canada and the United States had been built on
  • crossborder trade and mutual economic growth but with one announcement that relationship was shattered publicly the
  • Trump administration framed the move as a matter of national security they claimed the tariffs were necessary to
  • protect American jobs shield domestic manufacturers and reduce trade deficits
  • but behind the curtain the motive was far more ruthless this was not about safety it was about leverage trump's
  • team knew that the Canadian economy was deeply intertwined with American automotive demand by targeting Canadian
  • auto exports they believed they could force Ottawa to the negotiating table and extract trade concessions that would
  • tilt the balance of power permanently in America's favor the shock in Canada was immediate and visceral within hours
  • economists were forecasting billions of dollars in potential losses automotive workers from Ontario to Alberta began to
  • fear for their jobs canadian political leaders blindsided by the move scrambled

  • 2:05
  • to understand how an ally had become an adversary overnight this wasn't just about tariffs it was about survival
  • every year over $300 billion in goods flow between the United States and
  • Canada much of it connected to the auto industry suddenly that flow was under threat the Canadian dollar dipped in
  • international markets investment forecasts were revised downward trade associations warned that the tariff's
  • impact would ripple far beyond car prices it would affect metals labor and
  • entire communities dependent on the auto trade truck drivers factory workers
  • small town grocerers and school teachers all now stood on shaky economic ground
  • but Canada's counterattack would be far more precise and devastating and if
  • you're starting to realize how deep this story actually goes now's the perfect time to hit that like button and
  • subscribe to our channel canada's retaliation ottawa didn't retaliate blindly they aimed right for America's

  • 3:07
  • corporate heart when Prime Minister Mark Carney's cabinet gathered in an emergency session they knew they
  • couldn't respond with scattered or symbolic measures they had to make it hurt where it counted the most so
  • instead of matching the tariff blow forblow they chose to apply pressure at America's deepest economic pressure
  • points bourbon Florida orange juice and most importantly electric vehicles this
  • was not random each target was selected for maximum political and economic
  • impact bourbon tariffs would anger voters in Kentucky the home state of powerful Senate Leader Mitch McConnell
  • orange juice tariffs would inflame Florida a key swing state in any presidential election but the master
  • stroke was the assault on electric vehicles canada's trade measures zeroed in on Tesla Ford and General Motors not
  • only three iconic American automakers but three companies deeply reliant on the Canadian market and supply chains

  • 4:05
  • tesla was America's crown jewel in electric vehicle technology ford and GM
  • were the old guard of Detroit's automotive empire together they symbolized American industrial strength
  • and future innovation by targeting these companies Canada wasn't just retaliating
  • they were undermining America's claim to economic supremacy and they knew it the tariffs on electric vehicles created
  • immediate chaos dealerships in Canada reported plummeting orders crossber
  • logistics became a nightmare as new duties slowed the flow of vehicles and parts american executives scrambled to
  • adjust production forecasts ottawa's move sent an unmistakable message to Washington if
  • you strike at us we will strike back with precision it wasn't just about dollars and cents it was about dignity
  • about economic sovereignty canadian officials made clear that they were done

  • 5:02
  • being collateral damage in Washington's political battles they would protect their industries their workers and their
  • future even if it meant economic warfare but Canada wasn't done they had one more
  • devastating move to make the EV rebate freeze tesla thought it could manipulate
  • the system until Canada shut the door as the tariff battle escalated Ottawa
  • delivered a blow that Tesla's leadership never saw coming the Canadian government
  • announced an immediate freeze on Tesla's participation in its multi-million dollar electric vehicle rebate program
  • overnight Tesla's Canadian customers lost access to lucrative incentives that had helped make the company's vehicles
  • affordable north of the border the move wasn't just economic it was personal
  • behind the scenes Canadian officials launched a formal investigation into Tesla's aggressive use of the rebate
  • system the numbers were staggering in a single weekend Tesla had applied for

  • 6:02
  • more than 8,000 rebates raising red flags across multiple agencies critics argued that Tesla had game the system
  • exploiting Canadian taxpayers while flooding the market and squeezing out domestic automakers the backlash had
  • been brewing for years tesla had previously manipulated Canada's rebate system by introducing a stripped down
  • artificially priced model to qualify for incentives even though that model was
  • rarely purchased when Ottawa tightened eligibility rules Tesla found new ways
  • to flood the system with applications to Canadian officials this wasn't innovation it was exploitation the
  • financial fallout was swift tesla's projected Canadian sales cratered overnight investors panicked as the
  • company's stock slid on news of the investigation canadian media coverage hammered Tesla's public image framing
  • the company as a foreign predator feeding off taxpayer money elon Musk's
  • tweets defending the company only poured fuel on the fire the public relations

  • 7:03
  • disaster compounded Tesla's growing list of political enemies and for the first time Musk's electric empire looked
  • vulnerable on the North American stage analysts warned that the rebate freeze could trigger a chain reaction damaging
  • Tesla's long-term market position in Canada and beyond and while Tesla reeled
  • Ford was about to face its own collapse ford's factory nightmare as Canada's
  • retaliation took effect Ford's tightly integrated crossber supply chains began
  • to unravel for decades the company's factories in Michigan and Ohio had depended on a seamless flow of Canadian
  • parts and labor that flow was now broken shipments that once arrived in 48 hours
  • were delayed for weeks critical components sat idle at border crossings
  • tangled in red tape and new tariff costs assembly lines in Dearbornne Toledo and
  • Flat Rock ground to a halt as workers stood idle waiting for parts that never came ford's leadership scrambled to

  • 8:05
  • reroute supply chains but the damage was done the human cost was immediate
  • thousands of factory workers were furled with no clear timeline for return
  • dealerships across the Midwest reported massive shortages of new vehicles inventory piled up while customers
  • walked away unwilling to pay higher prices driven by tariffs and production
  • delays entire towns dependent on Ford's payroll felt the squeeze local economies
  • buckled under the weight grocery stores diners hardware shops businesses that had thrived on Ford worker paychecks
  • began closing their doors school budgets shrank as tax revenue disappeared
  • mortgage defaults ticked upward in once thriving autotowns the ripple effects didn't stop there suppliers to Ford many
  • of them small businesses found themselves unable to weather the storm contracts were cancelled layoffs

  • 9:00
  • multiplied the cascading collapse of Ford's production network became a
  • cautionary tale of how quickly a trade war could devastate entire communities ford's leadership issued desperate
  • statements pleading for Washington to reverse course but their warnings fell
  • on deaf ears the political machinery that had triggered this disaster showed no signs of slowing down but Ford's
  • crisis was nothing compared to what General Motors was facing general Motors collapse for over half a century GM had
  • mastered the delicate balance of manufacturing vehicles across the United States and Canada the entire North
  • American auto ecosystem relied on this intricate synchronized model parts
  • manufactured in Ontario would be shipped overnight to Michigan engines assembled in Ohio would power vehicles finished in
  • Ashawa it was a seamless ballet of industrial cooperation but in the blink
  • of an eye that ballet became a disaster when Washington imposed its 25% tariffs

  • 10:02
  • on Canadian auto imports the fragile system collapsed what was once a welloiled machine of crossber
  • manufacturing turned into a bureaucratic nightmare gm's production model built on
  • free flowing trade was shattered canadian suppliers now faced prohibitively high costs to ship parts
  • to GM's American plants border delays stretched from hours to days essential
  • components disappeared from assembly lines the immediate consequence was chaos within weeks GM was forced to halt
  • production at its iconic plant in Ashawa Ontario thousands of workers were furled
  • with little warning soon after plants in Flint Michigan and Fort Wayne Indiana
  • faced the same fate inventory backups overwhelmed storage facilities as
  • completed vehicles sat idle unable to be delivered due to logistical breakdowns and rising costs investors panicked gm

  • 11:01
  • stock price tumbled as quarterly earnings forecasts were slashed behind closed doors GM's boardroom turned toxic
  • top executives clashed over how to respond some pushed for immediate negotiations with Canadian officials to
  • find relief others insisted on riding out the storm trusting Washington's
  • trade strategy to resolve itself neither side could agree and while they fought
  • the company's foundation crumbled the leadership crisis reached a boiling point when GM's chief operating officer
  • resigned citing irreconcilable differences with the board's direction shareholders demanded answers
  • market analysts predicted that GM's losses from the tariffs and supply chain collapse would exceed $10 billion by the
  • end of the year what had started as a tariff dispute had now triggered an existential crisis for one of America's
  • most iconic corporations but the economic shock wave wasn't just corporate it was about to hit the

  • 12:01
  • streets autotown's fightback the billiondoll fight between governments became a thousand-doll tragedy on Main
  • Street as GM Ford and Tesla scrambled to contain their corporate disasters the
  • human cost of the trade war was unfolding in towns across North America in places like Flint Michigan Windsor
  • Ontario and Toledo Ohio the layoffs weren't numbers on a spreadsheet they
  • were the lifeblood of entire communities when factories closed it wasn't just the assembly line workers who suffered the
  • entire economic ecosystem of these towns began to collapse cafes that served the
  • morning shift lost half their customers overnight local hardware stores barber
  • shops and grocery chains reported doubledigit revenue losses school
  • districts announced emergency budget cuts as property tax revenue evaporated
  • the anger didn't stay quiet for long workers took to the streets organizing mass protests outside shuttered

  • 13:05
  • factories in Michigan and Ohio union leaders staged walkouts and demanded
  • immediate political intervention in Ontario labor groups blockaded major roadways demanding Ottawa push back
  • harder against Washington's tariffs social media lit up with videos of workers confronting local politicians
  • demanding answers in town halls mayors and counselors struggled to explain why
  • their communities had become collateral damage in an economic war they didn't start families who had built their lives
  • around stable auto industry paychecks now faced eviction bankruptcy and the
  • looming threat of long-term unemployment the workers revolt spread quickly crossber solidarity protests emerged
  • with American and Canadian workers marching together against the political and corporate leaders they blamed for
  • their suffering for the first time in decades the phrase class war began to
  • surface in headlines but the workers weren't the only ones fighting the politicians were tearing themselves

  • 14:05
  • apart too the political firestorm this wasn't about tariffs anymore it was
  • about political survival as the economic devastation spread the trade war between the United States and
  • Canada triggered an allout political firestorm in Washington President Donald
  • Trump's administration faced mounting backlash the tariffs that were supposed
  • to protect American jobs had instead unleashed chaos in key battleground states in Michigan Ohio and Pennsylvania
  • voters who had backed Trump in the last election flooded town hall meetings demanding an end to the trade war
  • republican lawmakers in Congress began to break ranks warning that the president's trade policies were
  • alienating the very workers who had carried him to victory in Canada Prime Minister Mark Carney faced his own
  • crisis what began as a bold stand against American aggression now threatened his political career

  • 15:01
  • opposition parties accused him of mismanaging the conflict and failing to protect Canadian jobs protests erupted
  • outside parliament in Ottawa with signs reading 'End the tariffs and workers deserve better.' The political fallout
  • wasn't limited to North America european trade officials began questioning the stability of
  • transatlantic trade agreements asian markets reacted to the turmoil by
  • revising their investment strategies global financial analysts warned that
  • the North American trade war could trigger a broader recession desperate to contain the damage both Trump and
  • Carney's administration's dispatched teams of negotiators to attempt back channel talks but by now the wounds were
  • too deep neither leader wanted to appear weak by backing down first
  • and while the politicians fought Canada held one more card that could break the US economy america's hidden weakness

  • 16:00
  • canada controlled something far more powerful than car parts energy as the
  • tariff battle escalated and the political crisis deepened Canadian officials quietly prepared their most
  • dangerous countermeasure yet restricting the flow of oil natural gas and
  • electricity to the United States few Americans realized how much their energy security depended on their northern
  • neighbor nearly 20% of the crude oil consumed in the United States came from
  • Canada several northern states relied heavily on Canadian electricity exports to power their grids during winter
  • months natural gas pipelines ran across the border like arteries keeping homes
  • heated and industries running ottawa's threat wasn't announced in a press conference it didn't make front page
  • headlines instead quiet signals were sent to Washington if the tariffs
  • continued Canada would consider reassessing its energy exports the message was clear canada wouldn't pull

  • 17:02
  • the plug immediately but they could the mere possibility sent shivers through Wall Street and Capitol Hill economists
  • warned that even a temporary suspension of Canadian oil exports would double gas prices overnight a winter blackout in
  • the Midwest could trigger humanitarian and economic disaster the American energy market was built on the
  • assumption that Canadian resources would always be available that assumption was now in question in private meetings
  • American energy executives begged the Trump administration to resolve the trade dispute before it spiraled further
  • state governors warned of political fallout if heating bills spiked in the middle of winter congressional hearings
  • erupted with testimony from energy experts predicting long-term damage to America's energy infrastructure but as
  • North America descended into chaos the rest of the world was watching and ready to move in when investors turned on the
  • auto industry the trade war didn't just hit factories it hit the markets like a bomb as tariffs and counter tariffs

  • 18:05
  • ricocheted across North America Wall Street's confidence in the American auto industry collapsed in real time
  • investors who once viewed Tesla Ford and General Motors as rocksolid anchors of
  • American industry suddenly saw nothing but red flags on trading floors in New
  • York brokers and analysts watched in horror as the value of America's biggest automakers plummeted day after day the
  • downward spiral began with a whisper early warnings from economists that the tariffs would inflate production costs
  • and shrink profit margins but it didn't stay quiet for long within a matter of
  • weeks Tesla's share price dipped by double digits followed swiftly by Ford and General Motors panic set in like a
  • contagion institutional investors pension funds and even retail traders
  • began dumping auto stocks in droves unwilling to hold on as the trade war escalated without an end in sight for

  • 19:03
  • decades Wall Street had treated the American auto sector as a dependable investment a safe mature industry that
  • weathered economic storms but this was different this wasn't a market
  • correction it was a systemic threat the tariffs in Canada's ruthless counter
  • measures weren't just squeezing profits they were undermining the entire structure of North American auto
  • production behind closed doors hedge fund managers and corporate boards held frantic
  • meetings risk models were shredded and rewritten forecasts that once projected
  • steady growth turned into predictions of mass layoffs factory shutdowns and
  • permanent market shrinkage the sell-off accelerated dragging down related
  • sectors auto parts manufacturers logistics companies and even tech firms
  • with automotive partnerships all saw their valuation sink the panic spread beyond the United States and Canada

  • 20:00
  • global markets reacted violently as the trade war threatened to destabilize one of the world's most lucrative industries
  • european and Asian investors grew jittery watching American automakers bleed billions of dollars in market
  • value the media frenzy amplified the crisis financial networks ran breaking news banners about plummeting stock
  • prices headlines declared the death of Detroit and speculated on whether Tesla could survive the political crossfire
  • consumers seeing the headlines started pulling back on big purchases like vehicles further compounding the
  • industry's wos but as the markets burned the damage spread beyond Wall Street the
  • supply chain collapsed the trade war wasn't just tariffs it was an assault on
  • the entire supply chain as Canada's retaliation and Washington's tariffs collided the arteries of North American
  • commerce began to clog what started as a political standoff quickly evolved into
  • a logistical nightmare automakers like Tesla Ford and General Motors depended

  • 21:02
  • on a delicate just in time supply chain that stretched across borders parts
  • manufactured in Ontario crossed into Michigan assembled components returned to Ontario and finished vehicles shipped
  • back to the United States it was a dance of efficiency perfected over decades but the tariffs smashed that system to
  • pieces the first cracks appeared at the border delays that once lasted minutes stretched into hours then days customs
  • agents were overwhelmed by new paperwork tariff assessments and compliance checks parts shipments stalled assembly lines
  • slowed to a crawl the costs mounted quickly every delayed shipment meant idle workers missed deadlines and rising
  • overheads but it didn't stop at autos the supply chain collapse rippled outward into technology retail and
  • consumer goods electronics manufacturers that sourced lithium batteries from the same Canadian mines Tesla depended on
  • saw their production costs surge grocery stores struggled to stock products that crossed the border daily even mundane

  • 22:04
  • household items like light bulbs and cleaning supplies were affected as factories reliant on crossber components
  • ground to a halt truckers sat idle at border checkpoints burning fuel and losing wages warehouse inventories
  • swelled with incomplete shipments retailers raised prices to offset the rising costs only to watch consumers
  • tighten their wallets in response it was a cascading failure and the American
  • economy felt every blow behind closed doors logistics executives and government officials held emergency
  • meetings to find solutions but the supply chain wasn't something that could be patched overnight it was a finely
  • tuned machine and the tariffs had thrown sand in the gears and while factories stood empty new players entered the
  • battlefield China's silent invasion while America and Canada fought China
  • quietly took over as North America's trade war spiraled out of control

  • 23:01
  • Beijing's strategy unfolded with precision and patience chinese electric
  • vehicle manufacturers saw an opportunity and they move fast brands like BYD NIO
  • and Xping flooded the global market with affordable well-built electric vehicles
  • while Tesla Ford and General Motors were paralyzed by tariffs and supply chain disruptions Chinese automakers ramped up
  • production and aggressively expanded their export operations consumers in
  • Europe Asia and even South America began shifting toward Chinese brands not just
  • because they were cheaper but because they were available beijing didn't stop there behind the scenes China struck new
  • trade deals with Canada while Washington lectured Ottawa and imposed economic penalties Chinese diplomats and business
  • leaders courted Canadian officials agreements were signed to secure lithium
  • nickel and cobalt exports the very resources America's automakers were struggling to access the irony was

  • 24:05
  • brutal while American politicians raged about trade deficits and economic threats China was quietly replacing the
  • very companies they claimed to protect tesla Ford and General Motors watched as
  • their global market share eroded not from innovation or competition but from
  • their own government's political gambit chinese investment flowed into Canadian ports mining operations and
  • transportation infrastructure new partnerships allowed Beijing to bypass American tariffs entirely strengthening
  • their grip on the global electric vehicle supply chain by the time American analysts realized what was
  • happening it was too late china wasn't just competing they were winning and
  • China wasn't the only one moving in the old powers of Europe were ready to
  • pounce europe's economic offensive the European Union didn't stay

  • 25:00
  • neutral they seized their moment as North America's trade war scorched the
  • earth European automakers saw an opening and moved swiftly to fill the void germany's Volkswagen Group France's
  • Renault and Sweden's Volvo all pivoted their global strategies they accelerated
  • electric vehicle production slashed prices and aggressively pursued new
  • markets consumers in Canada burned by the chaos of American tariffs began
  • turning to European models that arrived without the baggage of trade war disruptions the European Union's
  • political leaders joined the offensive trade envoys fanned out across Ottawa negotiating new trade agreements
  • designed to sideline American automakers tariff-free access favorable
  • terms for European vehicle imports and joint ventures with Canadian suppliers became the new normal in boardrooms
  • across Europe executives toasted their good fortune years of playing second fiddle to Detroit's big three and Tesla

  • 26:00
  • were suddenly over north America's trade war had done what decades of competition could not it had opened the door for
  • Europe to dominate the global automotive market the shift wasn't just economic it was cultural and strategic canada once
  • tethered to American auto production began deepening its economic ties with Europe canadian consumers long loyal to
  • American brands now flooded showrooms in Toronto Montreal and Vancouver to buy
  • Volkswagens Peugeot and Volvos meanwhile American automakers found themselves
  • locked out their factories stood silent their dealerships sat empty their global reputation lay in ruins but the true
  • damage wasn't in boardrooms it was in everyday lives tesla's fall tesla wasn't defeated by
  • competitors it was destroyed by politics for over a decade Tesla stood as the
  • symbol of the electric vehicle revolution a company that defined the future of transportation and technology

  • 27:00
  • trade war one calculated power move to dismantle what Elon Musk had spent years
  • building tesla's fall was not the result of technological failure or consumer disinterest it was engineered in
  • government chambers and economic battlefields once Canada froze Tesla's multi-million dollar electric vehicle
  • subsidies and shut the door on its aggressive rebate strategy the company's
  • foothold in North America began to crumble what started as a regional setback soon snowballed into a global
  • crisis canadian consumers fled Tesla's showrooms wall Street grew jittery as
  • Tesla's share price tumbled north American media painted the company as a manipulative foreign profit but the
  • bleeding didn't stop at the border across the Pacific Chinese electric vehicle manufacturers like Build Your
  • Dreams and Neo pounced on Tesla's weakened position their low-cost highquality models flooded global
  • markets devouring Tesla's international market share in Europe companies like

  • 28:02
  • Volkswagen and Renault capitalized on the chaos tightening their grip on the
  • growing electric vehicle sector tesla's once commanding lead evaporated not because their cars had grown worse but
  • because they had become a political liability elon Musk who once wielded social media like a weapon now found
  • himself silenced his political outbursts and attempts to defend Tesla only deepened the divide attempts to
  • stabilize the company including price cuts production shifts and new product launches fell flat investors had lost
  • confidence consumers had moved on by the time the dust settled Tesla had become an afterthought in the very market it
  • had created once the king of electric vehicles Tesla now struggled to remain relevant but Tesla wasn't the only
  • casualty ford's fall would hit even harder how America's oldest automaker
  • died ford survived two world wars but it couldn't survive this trade war ford

  • 29:00
  • stood as a pillar of American industry a company synonymous with middle class prosperity and manufacturing might for
  • years but when Canada's trade war response took aim at the North American auto sector Ford's carefully balanced
  • production model began to unravel the early signs of collapse were almost
  • invisible small supply delays a few missed shipments but as tariffs took
  • hold and crossber supply chains buckled those cracks widened into chasms ford's factories in Michigan and
  • Ohio once humming with activity fell silent production lines shut down
  • permanently as the cost of sourcing Canadian parts became unsustainable
  • canadian retaliation had severed the arteries of Ford's industrial
  • heart the closures triggered an economic domino effect across America's rust belt
  • entire towns built around Ford factories collapsed almost overnight in Dearbornne

  • 30:01
  • Toledo and beyond the loss of thousands of jobs hollowed out local economies small businesses closed their
  • doors property values plummeted tax bases shrank leaving schools and public
  • services starved of funding but it wasn't just economic devastation it was
  • cultural annihilation for millions of American workers and families Ford wasn't just a company it was identity
  • security and pride the sight of shuttered plants and abandoned assembly
  • lines became a symbol of how fragile that pride really was
  • ford's leadership tried to hold the line they cut costs streamlined operations
  • and pleaded with Washington to ease the tariffs but the political machine that had triggered the trade war had no
  • reverse gear ford's fall was written in policy not profit margins and when Ford
  • fell General Motors was the last domino to topple GM's

  • 31:03
  • extinction this wasn't just a company it was America's industrial identity for
  • decades GM had stood as the world's largest automaker a corporation so vast
  • and entrenched that it seemed untouchable but when Canada's trade war retaliation decimated crossber
  • production and investor confidence even GM's empire couldn't withstand the
  • assault at the heart of GM's model was a finely tuned crossber manufacturing
  • system canadian factories assembled key components american plants finished the
  • job the system worked flawlessly until tariffs and retaliatory measures turned
  • efficiency into liability the cost of moving parts and vehicles back and forth
  • across the border became unsustainable as production slowed GM's
  • stock price plummeted investors who had weathered past storms finally jumped

  • 32:01
  • ship emergency board meetings produced no solutions the company's attempts to
  • pivot closing plants cutting jobs seeking new markets only accelerated the
  • downward spiral in the end it wasn't foreign competition that killed General Motors it was the trade war at its
  • doorstep by the time Ottawa and Washington realized the damage it was too late gm shuttered its last Canadian
  • plant american factories soon followed the brand that had once defined American
  • innovation and economic power was gone but the real victims weren't corporations they were ordinary people
  • left in the wreckage the consumer's collapse the war may be over but your
  • wallet never recovered as Tesla Ford and General Motors crumbled under the weight of political crossfire the consequences
  • rippled far beyond factory floors and stock markets they landed squarely in
  • the lives of everyday people who had nothing to do with trade policies corporate decisions or diplomatic

  • 33:03
  • posturing for consumers the collapse of North America's auto industry meant one thing: rising prices and not just for
  • cars as American automakers weakened and foreign competition tightened its grip
  • car prices soared affordable options vanished from dealerships leasing and financing terms
  • became stricter maintenance costs climbed as parts grew scarce and the
  • dream of owning a reliable reasonably priced vehicle drifted further out of reach for millions of
  • families but it didn't stop at the dealership the death of America's auto giants triggered a chain reaction across
  • the broader economy job losses in auto towns gutted local businesses overnight
  • tax revenues dried up crippling public services like schools hospitals and
  • emergency responders middle class families who once relied on stable factory paychecks were pushed into

  • 34:00
  • financial precarity forced to stretch every dollar just to
  • survive and while North American consumers struggled to adapt Chinese and European automakers surged build your
  • dreams neo Volkswagen and Renault filled the vacuum left by Tesla Ford and GM
  • their vehicles flooded global markets at competitive prices locking North American manufacturers out of the very
  • industry they had built the United States and Canada once the backbone of global automotive dominance watched
  • helplessly as leadership shifted overseas the trade war may have started as a fight over tariffs but it ended as
  • an irreversible economic power shift a shift that would take decades to recover
  • from if it could be recovered at all because once the dust settled the world
  • realized America's auto empire wasn't defeated by competition it was destroyed
  • by its own war so what do you think is this the end of America's auto empire or

  • 35:03
  • just the beginning of something even bigger drop your thoughts in the comments i want to hear from you and if
  • you want to stay ahead of these game-changing stories hit subscribe and turn on notifications the next chapter
  • in this economic war is coming fast and you won't want to miss it thanks for watching and I will see you in the next
  • video


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