TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2025-08-21 Page is: DBtxt003.php txt00028848

CANADA CROSS BORDER TRADE Deep State: Trump FURIOUS as Canadians Quietly Withdrew Billions from U.S. Stores PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=-jEXdT9jMl4
Trump FURIOUS as Canadians Quietly Withdrew Billions from U.S. Stores Deep State 28.3K subscribers Jul 10, 2025 #trump #tariffs #canada Trump FURIOUS as Canadians Quietly Withdrew Billions from U.S. Stores Six months ago, the Buffalo Walmart was packed with Ontario plates. Now? It looks like a ghost town. Canadians quietly withdrew billions from US stores, not in outrage, but through one quiet choice at a time: stay home. In just 60 days, more than 35,000 cars disappeared from U.S. border cities, erasing millions in tax revenue and retail sales. And it’s not over. With trust eroding and prices climbing, Canadians quietly withdrew billions from US stores might just be the beginning of North America’s first consumer cold war. If you like Deep State's political content, subscribe now to never miss a new video! / @deepstatechannel #trump #tariffs #canada Peter Burgess COMMENTARY I migrated to North America with my new wife in early 1967 ... initially moving from London to Montreal to Vancouver in Canada, and subsequently to Texas in the USA. In my first job, I earned more in 2 months than I had been earning in a year in the UK. I was an 'economic' migrant. But that was almost 60 years ago, and in many ways the US economy has stagnated during the past several decades since the 1960s. I tend not to agree with most of the economic and social analysis of US performance over the past 80 years since the end of WWII. Most of the analysis seems to be way too simplistic. For 20 years or so aftet the end of WWII, the United States dominated the global economy. The rest of the world was 'recovering' after the destruction of the war while the USA simply converted military production to civilian production to satisfy world demand. By the late 1960s the USA was losing some of its competitive edge. Specifically, the US was using energy ... mainly petroleum energy ... in a much less efficient way than the rest of the world. 'Gas guzzling' American automobiles were the norm and the price of gas 'at the pump' was less than 20 cents a gallon. Around that time in Europe the price of gas at the pump included a substantial tax and was at least twice as much. But things got far worse in 1973 when OPEC ... the Organization of Petroleum Exporting Countries ... got organizaed and imposed an embargo on crude oil exports from their member countries at the old prices. The wholesale price of crude oil rapidly moved from around $3.50 a barrel to $13,00 a barrel. Within a year this price had sisen to around $35,00 a barrel. This was an economic disaster for the 'gas-guzzling' USA, But the economics of 2025 are different from those that existed a decade ago ... and especially four decades ago. Most countries are not tied to the USA the way they were in the past ... both the distant past and indeed the quite recent past. And especially Canada! Peter Burgess Transcript 0:00 With the looming threat of US President Donald Trump's tariffs, a by Canadian movement has picked up across the country. You may have noticed it when you go into grocery stores or supply shops, a tag that tells you if the product you're about to pick up is made in Canada. This bullying, you know, we're a tenth of the size of that country. You know, 300 million or 400 million people in the States and about 40 million in Canada, but we pick no fight, but it just keeps coming to us. Just 6 months ago, the Buffalo Walmart parking lot was crammed with Ontario license plates. Now it sits empty like an abandoned landing strip. More than 35,000 Canada Plated cars have vanished in just the first 2 months of 2025, blowing away at least 5 million US in retail tax revenue for US border counties. And that is only the tip of the iceberg. So where are the billions of Canadian dollars that once poured into American retail wallets quietly drifting off to? No protests, no hashtags, simply wallets 1:02 that have stopped crossing the border. People call this a silent boycott, quietly punishing giants like Walmart, Target, and Macy's on their own turf as Canadians begin gradually boycotting US goods. In this video, we are not merely counting devalued cash. We are dissecting the emotional and trust pivot that makes Canadians turn away to see why one parking lot devoid of Ontario plates can shake an entire border economy. And don't forget to hit the subscribe button for Deep State and ring the notification bell so you never miss any of our latest political economic updates. This weekend, Peace Bridge and Rainbow Bridge are as empty as a drizzly Monday morning. In just two short months, February and March 2025, PeaceBridge lost 35,619 Ontario plates and Rainbow another 29,537 cars, the equivalent of a convoy that simply never showed up. Traffic plunged 2:02 11% year-over-year, gutting toll revenue to rock bottom. Yet, the knockout punch landed on the big box stores that once lived off the maple leaf. Right in Buffalo, the Walmart on Walden Avenue quietly rolls its shutters early. The official website now states a 2000 closing on weekdays instead of the prepandemic 2200 with doors locked from 9:00 p.m. every Saturday. Target in Blaine, the Washington border town, has also cut one entire part-time shift after northbound traffic evaporated by 50%. prompting Mayor Marylu Stewart to admit that the police budget depends on Canadian retail taxes for practically everything. Fox 13. Seattle's figures show plunging retail receipts have triggered layoffs and frozen new commercial projects, turning a once bustling border strip into an unemployment buffer zone in a single quarter. It is not only the retail giants frowning. Gas stations, 3:00 souvenir stalls, and motel along I-190, sold out every weekend two years ago, now glow with empty lights. A motel owner near Peace Bridge told WKBW that occupancy has fallen to 38% even after room rates were cut 15%. While the Buffalo Wings souvenir stand had to sack three night shift clerks just to survive. Every liter of gasoline that goes unsold, every Tim Horton's coffee that never gets brewed carves a fresh gouge in the sales tax stream Erie County is clinging to for dear life. Inside Erie's County Hall, the 2025 budget report is marked in red. Projected sales tax revenue is down 22.7 million USD from the 2024 forecast, a 2.1% slice that the paper calls modest. Yet it is enough to push road funds and local libraries to the back of the queue. Reality is uglier. By midFebruary, revenues had already fallen 4:02 another $4.9 million minus 7% because Canadian shoppers stayed away. Should that negative 7% pace last the year on the 585 million USD Erie keeps, the budget crater would swell to roughly 41 million USD, well beyond the 30 million the finance commissioner once feared and equal to 80% of the county's entire winter snow road fund. Put differently, every Ontario license plate that turns around in Toronto robs Buffalo of a few dozen tax dollars. And that domino alone is enough to drain a public hospital's lifeblood. Canadians are not chanting in protest. They simply stop spending on US goods and stay home. A silent boycott deadlier than any noisy one. As Walmart dims the lights, Target has its shifts and border motel hang vacancy signs year round. The picture is no longer about price gaps or a weak loony. It is an emotional shift 5:01 from the thrill of bargain hunting to disappointment over tariffs, fear of being held up at customs and anger at boycott threats from Washington. And as long as that sentiment stays as cold as Lake Eerie's wind, billions of CAD will keep quietly rrooting perhaps to Vancouver, perhaps to domestic e-commerce, but certainly not across PeaceBridge into the United States. Within just an hour's drive, the crossber sail hunt that once saved many Ontario families hundreds of dollars now turns into a hard loss. The Looney has slid to 0.733 USD, meaning 1 USD fetches 1.36 CAD, its weakest level since the pandemic. Reuters reported on June 30th, 2025. Filling a minivan before PeaceBridge now costs more than 1.55 CAD a liter. average price before Ottawa scrapped the carbon tax in early April 2025. Even before the wheels roll, over $100 6:01 Canadian in fuel is gone, and the driver must add an $8 US bridge toll without Easy Pass, double the $4 discount per the PeaceBridge Authority's latest tariff. Before you even queue at Walmart Buffalo, a hidden bill of almost $200 Canadian has wiped out the cheaper in America edge. The headache deepens on the return leg at Fort Erie. Since April 3rd, 2025, Canada has slapped a 25% sir tax on a 30 billion US roster of US origin goods applied to travelers who exceed their duty-free allowance. A 40 USD bottle of cosmetics now tags on 10 USD sir tax, 13% HST, exchange fees, and customs inspection. With just a few items, the US deal morphs into a pricey receipt. Many homemakers post online that they end up 12% poorer than if they had shopped in Toronto. 7:00 Meanwhile, domestic chains hit straight at wallet anxiety. On June 16th, 2025, Walmart Canada unveiled everyday price cuts on hundreds of staple items, claiming its everyday lowpric strategy lets a family of four pocket more than $450 Canadian a year over 2 weeks grocery money. Simultaneously, Lobla, Metro, and Soies plaster price freeze signs, turning Canadian supermarkets into discount fortresses right next door, displacing the weekend run to Buffalo. Survey data confirm the shift. Dunhumby's consumer trends. Tracker Wave 10 2025 finds 71% of Canadians will cut back on US food purchases this year and nearly 25% say the habit will become long-term draining 15 to 20 billion Canadian dollars in buying power from American shelves. Beyond price made in Canada pride is rising. An Angus Reed poll in 8:02 midFebruary shows 78% pledged to favor domestic goods, while 59% are ready to boycott products bearing the stars and stripes. From a two milk to prairie jeans, the lowcarbon made in Canada label now crowds counters, turning shopping choices into a soft political statement. Add up the math. A weak looney, pricier fuel and bridge fees awaiting 25% sir tax and deep home market discounts and the crossber shopping trip is no longer a bargain but a burden. Erie County officials warned that if the trend persists, they will forfeit more than $30 million US in retail tax revenue in 2025. Yet for millions of Canadian families, their wallets have already voted. This silent boycott needs no chance or banners. A chain of choices at the pump, the supermarket, and the toll booth has already siphoned billions of Canadian dollars from America's retail sector. 9:01 Quietly, but lethally, red alert numbers are flashing. In February and March alone, Peace Bridge and Rainbow Bridge lost more than 35,000 Ontario plates compared with the same period last year. Erie County's retail tax take evaporated by 7% about 4.9 million USD in just the first 6 weeks of the year. As the Maple Leaf traffic dried up, border money printing machines like the Buffalo Walmart Super Center or the Target in Blaine suddenly echoed with empty floors, part-time shifts were cut, and reduced hours signs flapped in the border wind. It is not just a few million in local taxes gone. The public-f facing retail giants are taking the heaviest blow. Placer.ai reports that foot traffic at the top 100 US retail and food chains fell 4.7% year-over-year with New York and Washington, the two main catch basins for Canadian shoppers, dropping even 10:01 deeper than the national average. A leaked internal Walmart memo shows three border format stores, outlets designed for Canadian drivers, have moved to closure watch after Q1 sales plunged more than 20%. If the trend runs all year, Barclays estimates Walmart and Target could lose over 1.6 billion US in revenue at 28 border stores. The next punch lands on burgers and fries. Retail deep dive using NPD group data and tax filings from 12 border counties finds the big three, McDonald's, Wendy's, and Burger King, shed $350 million US in sales in Q1 alone, mostly at outlets less than 25 km from Canada. Meanwhile, Canadians are switching to Merry Browns or Freshy at home, supporting local business and avoiding the risk of a duty check on the way back. A Niagara Falls, Ontario customer told Business Insider. 11:00 Electronics and pharmaceuticals are reeling, too. With iPhones marked up 30% by retaliatory tariffs and stringent customs checks, the Apple Store in Walden, Galleria logged a 25% drop in check-ins compared with pre-Newear figures. Placer.ai AI says Best Buy in Niagara Falls. New York has closed its Genius Bar on weekend evenings to save labor costs. At the same time, Amazon.ca reports sameday orders along the Ontario Quebec corridor have doubled versus 2024 and Shoppers Drug Mart has launched 2-hour prescription delivery in 22 cities, building a wall of convenience that leaves Maple Leaf shoppers with little reason to cross. Fashion and luxury are seeing an even sharper pivot. Trendex North America's luxury apparel market 2024/25 report notes. Domestic Canadian designer sales rose 4.2% in 2024 and are forecast to keep climbing on the wear Canadian 12:01 wave. Holt Renfruit and Simons, two high-end department store chains steeped in local identity, have for the first time overtaken Saks Fifth Avenue in revenue per square foot. By contrast, the Gucci outlet in Niagara, New York, laments missing 60% of weekend foot traffic. Staff now rotate 3 days on, one week off to avoid layoffs. Even membership fortresses like Costco and Sam's Club are not immune. SEC swipe card data from the two chains show Canadian membership renewals at five key border warehouses down 11.8% year-over-year, pushing area revenue to its lowest since the pandemic. A Costco executive admitted in a shareholder call, 'We're considering scaling back the border warehouse model because profit no longer covers rising labor costs.' Zooming out, the silent boycott doesn't just raid US corporate tills. It unsettles the entire service ecosystem 13:01 that clings to the border. Gas stations, motel, souvenir shops, even US mailbox rentals. When Canadian wallets turn around, countless economic links quietly snap. Local coffers drop tens of millions and a chain reaction layoff spiral begins. That silent wreckage, no protest chance, no political slogans, has opened a vast hole in America's retail flank. And the damage total keeps inching upward day by day. The silent boycott makes no noise. Yet every missing Ontario plate has triggered an economic earthquake at the border. Part-time jobs vanish. Road funds run dry. The motel gas souvenir chain slips into a mid July winter. Once trust and convenience flip, 70% off signs and duty-free coupons become rusty bait. A whole generation of shopping tour SUV drivers has discovered they save more, feel safer, and yes, feel prder swiping 14:03 their cards on Canadian soil. If Washington keeps anchoring retaliatory tariffs, tightening customs checks, and ignoring Maple Leaf consumer sentiment, will discounts be enough to lure shoppers back? Imagine after retail and fast food, will autos, medical tourism, or even US higher education be the next domino? Which shield do you think will fall first? Like, share, and subscribe so we can track the next chapter of this crossber wallet migration together before the next wave of red numbers knocks at the door.

SITE COUNT