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Date: 2025-08-22 Page is: DBtxt003.php txt00028987

CANADA WHY IS TRUMP TAXING AMERICANS? Claus Kellerman POV: Canada Happily Watches as Trump Taxes Americans To Punish India Original article:
Canada Happily Watches as Trump Taxes Americans To Punish India Claus Kellerman POV 65.7K subscribers Aug 7, 2025 1 product Trump continues destroying the US economy with more #TrumpTariffTax - India and Russia ignore him. Canada benefits from his bad moves. Analysis here. Become a channel member; / @clauskellermanpov3004 I Choose Canada Sharing Group; / ichoosecanada Follow me on Bluesky; https://bsky.app/profile/clauskellerm... Support this channel through Patreon; / clauskellerman Claus Kellerman POV ... 65.7K subscribers Facebook Group Peter Burgess COMMENTARY Peter Burgess Transcript 0:00 Hello everyone, welcome back. I'm going to jump right to the headlines in this video and as you can see above me, reported on CNN, Trump announces new additional 25% tariff on India as punishment for importing Russian oil, which would bring the tariff level on India up to 50%. And as reported here on CBC, India and Russia hit back. And in a show of unity, the prime minister of India and the leader of the opposition in India vowed to continue purchasing Russian oil. Now, in this video, I'm not going to go through those articles and talk about the rhetoric and the spin and the reasons that each country is doing what they're doing. I'm going to concentrate on what the effect will be for the United States, which will be negative, and what the effect will be on Canada, which will be a positive. I'm going to give you an analysis of what's going to happen economically, mathematically. And as I go through this, I want you to understand that in no way should my comments be construed as support for Russia. I'm Canadian and >br> 1:00 we are in 100% support with Ukraine on this issue. But let's go through how this is going to affect the United States and Canada economically by looking at math. It's amazing how powerful numbers are. These particular numbers are taken from the US government website. This is the US trade in goods with India in 2024. And you can see imports and exports. The United States exported and these numbers are in millions of dollars. So 41.5 billion and they imported approximately 87 billion worth of goods from India into the United States. So right now, Donald Trump has taken the position that he's going to punish India for buying Russian oil by imposing what has amounted to a 50% tariff. 50% of 87 billion is approximately $42 billion. And what this means is if US consumers and companies continue to import $87 billion of Indian goods, they will pay approximately $42 >br> 2:02 billion in taxes to take possession of those goods. Now, because of such a high tariff, demand for these imports may fall in the US as importers may be reluctant to want to pay that extra 50% and this will hurt the Indian companies that export these goods to the United States. But the goods that US importers continue to import from India will be subject to this new Trump tariff tax. What are these products? Well, we can go to this trading economic site and they summarize what the products are. Electrical and electronic equipment, pearls, precious stones, metals, coins, pharmaceutical products, machinery, nuclear reactors, boilers, minerals, fuels, oils, distillate products, articles of iron and steel, other made textile articles, vehicles other than railway and tramway, organic chemicals, articles of apparel, fish, crustations, plastic, miscellaneous chemical products, carpets and other textile floor covering, furniture, lighting signs, pre-fabricated buildings, stone, plaster, cement, asbestous, micica, >br> 3:00 similar similar minerals, rubbers, optical, photo technical and medical apparatus, aluminum, articles of leather, animal gut, harness, travel goods, iron and steel, essential oils. Are there any oils that are really essential? The list goes on and on and on. The US imports lots of things from India. Now, that's the background. Okay, but let me get into the analysis. Why did I say this is going to be bad for the United States and good for Canada? Let me change the background here and show a beautiful Canadian background picture and we'll discuss that. what Donald Trump is doing. Remember, he's the guy that during the campaign said, 'I'll settle the war in Ukraine in one day. In fact, on inauguration day, I'll just give Vladimir Putin a call. He's a good friend of mine. We have a really good relationship and I'll make a deal and the war will be over in one day.' Do you remember the ridiculous rhetoric? Well, now we're 6 months on and Vladimir Putin has realized that Donald Trump speaks out of his ass and he's completely humiliated Donald Trump and escalated the war in Ukraine. And he >br> 4:01 has been able to do that mainly for one reason, and it's this. When Russia started the war versus Ukraine, the Western world, mainly NATO and like-minded countries, responded by helping Ukraine by supplying weapons and money and sanctioning Russia. and most of the western world worked together to impose massive sanctions against Russia. And they felt that this would Russia, their economy and stop their ability to fund the war. Europe cut off the import of Russian energy and countries around the world uh introduce massive sanctions against Russia, much more draconian, a thousand times worse than say the tariffs that the United States has recently imposed on Canada. So, how was Russia continuing to be able to fight this war and even escalate the war as they are right now? They simply pivoted, called other allies and friends, China and India being the two big ones, and just made deals with them >br> 5:01 and they pivoted from uh selling most of their energy to Europe to selling most of their energy to China and India. In fact, here's a graph of the Russian ruble from when Donald Trump took office to present. And you can see that in January, one US dollar would buy you 97 Russian rubles. And now that same US dollar will buy you 79 Russian rubles. The Russian ruble has appreciated about 25% versus the US dollar just in the last 6 months. So even though Donald Trump during the campaign told you that he would end the war with just a phone call, now what he's doing is he's going to charge US citizens attacks to try and punish India to try and convince India to stop importing Russian oil. India is not going to stop importing Russian oil. The one thing that's going to happen for sure to the very people that believe Trump, oh, I'll end the war in one day. What's going to happen to them for sure is if they work for a company who relies >br> 6:01 on importing a lot of their materials from India, they may get laid off as that company can't afford to keep importing those things if they cost 50% more. Now, any consumer who is buying things that some American companies are using Indian inputs for is going to find that those things will cost more. Now, the pendulum has just swung the other way. Rather than sanctioning Russia directly, Donald Trump now is going to tax his own citizens to try and put pressure, geopolitical pressure on India and he's all by himself. The United States is all by themselves doing it. Why are they by themselves? Now think about this. If the United States had friends and allies that they were trading with, that they had good working relationships with, maybe they could have discussed a multinational plan, perhaps getting Canada and Japan and Australia and all of Europe to go together versus India to punish India to put pressure on India to stop them >br> 7:00 buying Russian oil. But Donald Trump doesn't distinguish between enemies and allies. He's having a trade war versus all the countries that he would need. now that the United States would need to help them in this endeavor. There won't be any countries on earth stepping forward and saying we're going to join the United States and put pressure on India. We too will impose tariffs on India and stop them from importing Russian oil. That might have been the case had the US not been so hostile and threatened the whole world and impose tariffs on the whole world. The whole world is busy having their own fight with the United States. The United States is alone in this. Donald Trump is making his citizens foot the total bill with this new geopolitical attack on India. India could pivot their exports as well. We're talking about $80 billion in exports. Maybe China will step in and just import more goods from India. Maybe the BRICS nations will start working more closely together as the US keeps >br> 8:00 ramping up this tariff assault on the whole world. basically going it alone and becoming more and more and more isolated. And I said this would be positive for Canada. Let me explain that now. Positive in an indirect way. And I've always made the point that Canada is in a very good position to fight this trade war because time is on our side. And the reasons are these. Canada too can pivot its exports to other countries and form new trade alliances. We all know that the Canadian people are also galvanized in working together, choosing Canada, boycotting US products, not visiting the United States. We all know that. But a key factor is that Canada is fighting one trade war versus only the United States. The rest of the world can be our customers and our friends. The United States is fighting a trade war now with everybody. And as they keep escalating these tariffs on allies and enemies and everyone, the American people are going to be stuck with the bill. Every other day, he keeps announcing more and more tariffs. He >br> 9:01 keeps on his own desk. And the pile of is getting higher and higher and higher. And the only people that are going to have to eat this are Americans. And I know that the natural reaction for a noncritically thinking person would be, well, the US doesn't need India. We don't need their imports. And I'm going to stop right here to tell you that's completely not true. And the evidence is just the fact that the US is importing these things in the first place. The economy is working as efficiently as it can in whatever circumstance it finds itself in. And right now, for whatever reason, United States companies are importing about $80 billion of goods from India. Why are they doing that? because they feel that that's the most effective way to spend those $80 billion. If there was an option, if they could source those materials within the United States for less than 80 billion, they would do that. But they're not doing that. Oh, well, we don't need India. We need to >br> 10:01 punish India. We'll just get that stuff somewhere else. Now, that would be a good option if those products were available from, say, another country in the world. But guess what? The United States has tariffs on every country. There is no other option. If they want to try and get those products from anyone else, there's tariffs on them, too. The United States has just painted themselves into a corner. They're completely isolated. They have no friends. They have no other options. Everything they import from everywhere in the world now will cost more. So, time is on Canada's side. Canada can continue to diversify and probably even increase trade with India and just ignore the US as it continues to go down this path of destroying its own economy. And as the US economic position will weaken and get worse in the future over time, the US will have a greater incentive to do a deal and Canada will have a better chance of getting a better deal when the US MCA comes up for renewal next year. Canada just needs to >br> 11:01 take its time now and let the US continue to make blunderously disastrous trade decisions. Eventually, the United States may realize that it needs a solid, reliable source of some important inputs to their economy like potsh, steel, aluminum, electricity, oil, and gas, which are very easy to get from Canada. And in the meantime, Americans that think, well, you don't need anybody. You don't need India. You don't need Canada. You don't need Europe. you don't need the whole world. Well, you're supporting a guy whose solution to that is to just make you pay more for all the stuff that you get from the rest of the world. Now, almost every sophisticated American company that produces things sources products from all over the world and all those products will cost more. And Donald Trump is making his citizens pay the bill for these tariffs. Trump's tariff tax that Americans are going to have to pay. And I guarantee that what's going to happen in the future is you'll hear a speech or a comment from Donald >br> 12:00 Trump that the United States has to handle this all on our own. We have to be the guys that are handling the Russia situation. We have to save the whole world and no one in the world wants to help us. The rest of the world is getting a free ride. Maybe we should punish them more. And the fact of the matter is there's really no country in the rest of the world that's in a position to or would want to enter into a trade war with India now to help out the United States. we have our own trade war with the United States that we have to worry about. So once again, another policy from the US administration that's completely not thought through. They're not looking past the end of their nose, and they're going to live with the consequences. And I'm telling you that the consequences for the United States are going to be more taxes, higher prices, less jobs, and the consequences for Canada and the rest of the world are let's just wait and let them degrade their economy. and eventually they may decide that they need the rest of the world to buy some products reliably and more cheaply. So, I thought I'd close with this picture. I think this is the >br> 13:01 best one that's been posted on the I Choose Canada page so far. Beautiful picture of the Canadian Rockies. It looks like she's just ready to jump in that water and cool off. If you want to support my work and the research I do, consider becoming a channel member by hitting the join button. But if you want to help out the channel at no cost to yourself, the easiest way is just to share the videos. Copy the link and share it amongst your friends so maybe we can build our community and you can hear my thoughts and have some discussions in the comments section. A little bit more of an in-depth analysis on how these different things that are happening fit together rather than just the headlines and the rhetoric. Thanks for watching everyone and I will catch you all on the next one.

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