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CANADA CANADIAN NAVY The Brief Reporter: Trump FURIOUS as Canada Buys Submarines from Germany & South Korea – U.S. Left Behind PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=5TBfNMhhOHk
Trump FURIOUS as Canada Buys Submarines from Germany & South Korea – U.S. Left Behind The Brief Reporter Sep 3, 2025 3.14K subscribers ... 12,186 views 4K likes #trumptariffs #DonaldTrump #ChinaTradeWar BREAKING: Trump FURIOUS as Canada Buys Submarines from Germany & South Korea – U.S. Left Behind Canada has chosen Germany’s ThyssenKrupp and South Korea’s Hanwha Ocean to build its next generation of submarines, a deal worth tens of billions of dollars. This decision leaves U.S. defense contractors out and marks a turning point in how Ottawa spends its defense budget. Prime Minister Mark Carney’s European strategy shows Canada is diversifying away from Washington just as Trump’s tariffs continue to punish Canadian industries. In this video, we explain why Canada turned to Europe and Asia, how Trump’s trade policies backfired, and what losing this submarine deal means for U.S. influence in NATO and global defense markets. Disclaimer: This video's content reflects the author's personal beliefs based on the information and research at hand. It is not a proposal for policy or financial advice. The Fair Use concept governs the use of third-party content for analysis, commentary, and teaching. This video uses AI-generated voices and images. Updates to policies and changes in the market could cause information to change. Before making choices, viewers should do their own research. #trumptariffs #DonaldTrump #ChinaTradeWar #breakingnews #TheBriefReporter #g7summit2025 How this content was made Altered or synthetic content Sound or visuals were significantly edited or digitally generated. Learn more Peter Burgess COMMENTARY Peter Burgess Transcript 0:00 Prime Minister Mark Carney is taking fresh steps to reposition Canada's trade relationships. When Donald Trump raised tariffs on Canada and the European Union, he presented it as tough leverage, but instead of strengthening US influence, the move has pushed allies to rethink their choices. Prime Minister Carney says his government is signing a partnership with Germany to develop critical minerals in Canada. The other development is about a big military spending program. Canada, America's closest neighbor, is now directing one of its biggest defense investments to Europe and Asia. It shows how a policy designed to project power has ended up weakening US influence. Canada is looking to replace its aging potentially worth tens of billions of At the center of this shift is Canada's submarine program. Ottawa plans to replace its four aging British-built 1:01 submarines with up to 12 new vessels, a project valued at tens of billions of Canadian dollars. CBC News reports that each submarine could cost around $2 billion US, making this one of Canada's largest defense procurements ever. Two finalists remain. Thyison Croop Marine Systems of Germany and Hunwa Ocean of South Korea. The German option is more expensive while the South Koreans promise earlier delivery, possibly before 2030. What matters most is who is not on the list. American contractors. In previous decades, Washington might have been the natural partner. Today, Canada is looking elsewhere. Billions that might have gone into US shipyards will now flow into Hamburg or Busousan. This pivot is not happening in a vacuum. Trump has raised tariffs on Canadian metals, copper, and softwood lumber to rates as high as 35 to 50%. Ottawa is signaling that if Washington treats 2:00 Canada like an adversary in trade, it cannot expect to be rewarded in defense contracts. The submarine deal is part of a bigger pattern. During his August trip, Prime Minister Mark Carney stopped in Poland, Germany, and Latvia with trade, energy, and defense at the core of every conversation. In Berlin, he signed a partnership on critical minerals, recognizing that Canada's 200 mining projects can supply Europe's industrial and defense sectors. In Warsaw, he reaffirmed NATO cooperation with Poland, a country that already spends over 4% of GDP on defense. Energy also plays into this strategy. Carney has supported the idea of exporting Canadian LNG to Europe through Churchill Port in Manitoba. For Europeans, it reduces dependence on Russian gas. For Canada, it creates new markets outside the United States. The message is clear. When Washington 3:00 imposes tariffs, Ottawa builds alternatives. Europe is making similar calculations. The EU recently secured a tariff ceiling of 15% from the US, but the process highlighted the cost of dealing with Trump's unpredictability. Canada is not waiting for the next shock. By deepening links with Europe now, it is protecting itself against future turbulence in Washington. Canada's choices highlight a central irony. Trump's tariffs were supposed to give Washington leverage. Instead, they have created openings for Germany, South Korea, and other partners to win business that once went to US firms. Defense spending where tens of billions is now leaving the American orbit. None of this means Canada is walking away from the United States. More than 85% of Canadian exports still flow tariff-free under CUSMA. But Ottawa is demonstrating that it has options. The submarine contracts, the minerals partnerships, and the energy 4:01 talks with Europe all reinforce one message. Canada will not be cornered. Trump is doubling down on tariffs that frustrate US consumers and alienate allies. Carney is using those same pressures to strengthen Canada's independence and build new partnerships. If tariffs were meant to keep friends close, they've instead driven them to look elsewhere. And in that realignment, Canada is not losing ground. It is emerging stronger with choices that no US tariff can take away. The headline here is Trump expands 50% steel and aluminum tariffs to include 47 additional product. I got a problem with that guy. He's signing all these forms. Cleveland cliffs. President Donald Trump has once again expanded his trade war. The White House confirmed that tariffs of 50% on steel and aluminum now cover hundreds of additional products. What began with raw materials now includes car parts, refrigerators, baby strollers, even the 5:02 aluminum and soda cans. For American families, this means higher grocery bills, and more expensive cars. For US partners like Canada, it disrupts exports that depend on metal packaging and industrial inputs. And why doesn't he just stay in the US? cuz I'm done with this guy signing signing letters saying, 'Yeah, bring all the steel down the US. Tariff the crap out of Canadians.' This is not just a technical trade measure. It is a shock that links everyday costs with international trade tensions. Let's take a closer look at what this expansion means inside the United States and across North America. The Trump administration is quietly making it even more expensive to import hundreds of items that all of us would see on storeshel as well. A whole bunch of household items impacted and some industrial items too. Look at this. Cranes, bulldozers, wind turbines, rail cars. For consumers, the most immediate 6:00 effect is inflation. CNN's reporting highlighted that import prices rose sharply in July, defying the White House claim that foreign exporters would absorb the tariffs. Analysts such as Pantheon Economics stressed that American businesses and households are carrying nearly all of the cost. That cost is not small. Supply chain experts have estimated that the expanded tariff list now covers around $320 billion of products, creating roughly $ 160 billion in extra expenses that flow directly into the economy. Industries tied to steel and aluminum are already reacting. Farmers and builders depend on tractors, gearboxes, pumps, and construction machinery now hit by higher tariffs. Legacy manufacturer John Deere recently announced layoffs at three Midwestern facilities, citing weaker sales and the impact of tariffs on production costs. When major employers respond this way, the shock spreads into local communities. The administration's 7:00 stated goal is to rebuild American steel and aluminum. Yet investment in those sectors requires billions of dollars and long-term certainty. The process so far has been anything but certain. Economists describe it as a policy direction that may be defensible in theory but clumsy in execution. This uncertainty, now often called Trumpian uncertainty, discourages companies from expanding or hiring because tariff rules can change with little warning. We aren't going to roll over. We're not going to kiss his backside. We're going to fight like we've never fought before. Trump's tariff expansion has not gone unanswered. Canada, America's closest trading partner, has pushed back on two tracks. At the public level, Ontario Premier Doug Ford has taken direct aim at Washington. He calls the tariffs a hidden tax on American families, noting that Canada buys more than $350 billion of US goods each year. Ford announced a 8:00 $70 million Canadian program to support workers, pressed Ottawa to tighten quotas on cheap steel, and made it clear Canada will not roll over. On the federal track, Prime Minister Mark Carney has chosen strategic patience. He has directed aid to sectors such as lumber and agriculture while keeping negotiations with Washington open. His government insists Canada will only accept a fair deal, not a short-term fix that weakens national interests. Ford and Carney show two sides of one response. Other provinces have also voiced strong opposition while unions, industries, and policymakers align behind the same message. Canada is standing firm, defending its workers and industries, and refusing to be cornered into a bad deal. The expansion of steel and aluminum tariffs is more than a policy adjustment. For Americans, it means higher prices when inflation is already a concern. For businesses, it adds uncertainty that discourages long-term 9:01 investment. For Canada, the answer has been resilience. Ottawa and the provinces are backing workers and reinforcing supply chains, sending a message that they will not accept a bad deal. Trump's strategy may unsettle markets, but it also reveals which partners are prepared to stand firm. The coming months will show whether these tariffs strengthen industry or simply confirm that trade wars rarely produce clear winners. And following the Swiss president's failure to reduce tariffs on her country after a visit to Washington earlier this week, the Financial Times is reporting that the US has imposed tariffs on imports of 1 kilo gold bars, dealing a further blow to Switzerland, which is the biggest uh player in gold refining. In early August 2025, Washington sent a jolt through the global markets. President Donald Trump's administration confirmed a 39% tariff on imported gold bars, hitting Switzerland, the world's largest gold refining hub, headon. It 10:02 wasn't just a blow to a small European country's exports. It was a message. No commodity, however entrenched in global trade, is beyond the reach of Trump's tariff playbook. For Canada, watching from across the border, this was a clear warning. If gold can be pulled into the fight, so can other high-v value sectors. The only thing I can tell you from a European perspective right now is that all shipments are on hold. So basically there's no trading of gold bars between um yeah between the Atlantic. Until the first week of August, traders believed bullion would be spared. Gold bars in the 400 ounce form for central banks, the 100 size traded on COMX and the 1 kg standard used in Asia were assumed to be outside the scope of tariffs. That changed when a Swiss refiner received a formal letter from US customs confirming that under tariff code 710813550. These bars would face the full 39% duty. 11:02 The immediate impact was severe. Gold shipments between the US and Europe halted overnight. US gold prices climbed above European levels, opening an arbitrage gap. According to US trade data, imports had surged earlier in 2025. 43 metric tonses in January alone, nearly double the average monthly US refining output of 22 tons as buyers tried to frontload shipments before any policy change. Now those stockpiles are all that's left to bridge the supply gap for the global gold market. This was more than a price shift. It was a sudden rupture in the supply chain. For Canada, the lesson is straightforward. Gold may not be a major export to the US, but the same logic could apply to Canadian strategic minerals, energy products, or even high-end manufacturing. Ottawa knows that even sectors long considered safe under USMCA can be targeted. The gold 12:00 shock proved how quickly decades old trade flows can be disrupted by a single enforcement letter. And with Trump's focus on bilateral trade imbalances, Canada's own surpluses in certain commodities could attract the same kind of attention Switzerland just received. We have um a lot to do in this country. We have a lot positive to do in this country. Building this country in in a way, building one Canadian economy. I have all the confidence in the world in the prime minister. Donald Trump is very very hard to deal with just because it's so so fluid. This is why Prime Minister Mark Carney's approach carries even more weight in the current climate. While Ford hits back publicly with numbers, Carney is quietly keeping negotiation channels open. Even as Canada faces the 35% rate, he is deepening trade cooperation with Mexico, expanding links with the EU, and safeguarding domestic industries against sudden US policy shifts. Canada's 13:01 leverage lies in what the US needs: strategic minerals, energy, and integrated automotive supply chains. The gold tariff episode only reinforces Ottawa's push to diversify export destinations and prepare contingency plans from steel and aluminum to copper and now gold. Trump is targeting sectors where the US can exert maximum short-term leverage. The element of surprise keeps opponents off balance. It's a tactic designed to push trade partners toward concessions before they can rally a coordinated response. But with Canada, the strategy has met resistance. Carney and Ford are aligned in rejecting a bad deal and in showing that Canada will not simply absorb US pressure without a counter plan. For Canada, the gold tariff is more than a dispute with Switzerland. It's a warning shot. Ottawa is combining public push back with measured diplomacy, signaling it won't be outmaneuvered. The contest is no longer about who can raise tariffs 14:00 higher, but about who can adapt faster to the shocks still to come. We've heard from Doug Ford, uh, the Ontario premier, saying that Donald Trump could pull the rug out from underneath NAFTA or or KOMA, USMCA, whatever you want to call it. Yeah. Uh, at as soon as November. No, Canada pulled out the rug from USMCA. He got that fact wrong. Or, you know, he didn't, you know, he doesn't realize this or that. The United States, Mexico, Canada agreement wasn't meant to face its first big test until 2026. That's when all three partners decide whether to extend it for another 16 years. But well ahead of that date, the pact is already caught in a political storm. Warnings from Canadian leaders about an early reopening have met with pointed push back from Washington, which accuses Ottawa of undermining the deal. Instead of serving as a stable base for North American trade, USMCA is being pulled into the high pressure arena of tariff politics. The question now is whether this is tactical posturing or 15:02 the opening move in a reshaping of the continent's commerce. At the biggest US complaint is the fact Canada retaliated at all. That harsh retaliation, counter tariffs on things like orange juice, motorcycles, and appliances. goods that have been covered under the Canada US Mexico free trade deal. A move that has seriously upset the Americans. From the White House view, USMCA is fair game. President Trump's team says every agreement is subject to review if it stops serving US interests. Their chief complaint, Canada's retaliatory tariffs on goods that should be duty-free under USMCA. US officials say that puts the pact itself in doubt. We're starting to get closer and closer to the point where the president will want to reopen negotiations on USMCA and I think that that poses a bit of a risk. So far, Washington has kept exemptions for Canadian goods meeting USMCA rules 16:02 of origin. Losing those protections would pull a much larger share of trade into the tariff net on top of the 35% already applied to Canadian exports outside the pact. According to Statistics Canada, 80 to 85% of Canada's exports to the US now qualify for duty-free treatment. Removing that shield would raise costs on both sides, but it would also give Trump another powerful lever, just as he used with the EU, Japan, and South Korea to extract tariff caps and investment pledges. Ottawa is not approaching this from a position of retreat. Prime Minister Mark Carney's strategy has been one of strategic patience, avoiding rushed concessions while keeping communication channels open. At the same time, Canada is preparing the ground. Ontario Premier Doug Ford's public warnings about USMCA have been aimed as much at US audiences as Canadian ones, highlighting the potential costs for American consumers and manufacturers if tariff walls go up. 17:03 Policy steps are equally deliberate. Federal and provincial leaders are working to increase the share of exports that meet USMCA rules, ensuring that the majority of trade remains shielded. Canada is also deepening partnerships with Mexico, the European Union, and the United Kingdom, building alternate routes for trade in case US market access narrows, and it holds serious bargaining chips. Canada is America's top foreign supplier of crude oil, natural gas, and electricity, and a key source of uranium and critical minerals for electric vehicles and semiconductors. In North America's integrated auto sector, these resources are not easily replaced without disrupting supply chains on both sides of the border. Under USMCA's review clause, a refusal to extend the deal in 2026 triggers annual reviews and the risk of expiry in 2036. Trump could push that process earlier by tying USMCA renewal to stalled Canada US 18:02 talks, widening the scope for concessions. Canada has options. One is a tariff cap similar to the 15% ceilings the US granted the EU, Japan, and South Korea. Another is to strengthen non US trade alliances to offset American pressure. And given US dependence on Canadian energy and industrial inputs, Ottawa can use that interdependence to protect key sectors. USMCA's early arrival in the political crossfire shows how fragile even modern trade packs can be when national strategies shift. Trump is willing to make the deal part of his tariff-driven approach. Canada under Carney is countering with preparation, diversification, and strategic leverage. The months ahead will decide if the tension produces a workable arrangement or turns 2026 into a flash point for a bigger confrontation. Either way, the outcome will shape not just tariff rates, but the balance of economic power 19:01 in North America for years to come. Canola farmers woke up to some tough news this morning. in China has slapped Canada canola with an over 75% tariff amid an anti-dumping investigation. A crushing blow to 5 billion in annual trade. In early August 2025, Canada found itself hit from two sides in the global trade arena. On August 1st, US tariffs on Canadian non USMCA goods jumped from 25% to 35%. Adding strain to already tense negotiations with Washington. Just 2 weeks later, on August 14th, Beijing delivered its own blow, a preliminary anti-dumping duty of 75.8% on Canadian canola, worth about 5 billion Canadian dollars in annual trade. According to the Canadian Canola Growers Association, China is the second largest export market for canola after the United States, accounting for roughly $4.9 billion in 2024. 20:02 The tariff announced right before harvest sent futures prices tumbling more than 6% in a single day. For farmers in the Canadian prairies, it meant immediate losses, in some cases hundreds of thousands of dollars per operation. And the risk of losing a market built over decades. And um it was just a matter of time before they escalated. And and we know we know where they're going to escalate it is to to Western Canadian farmers. And that's what they've done. Um, yeah, like this morning I walked up woke up to a $500,000 hit to my farm. Beijing's decision was not made in isolation. Chinese officials launched the anti-dumping investigation shortly after Canada imposed tariffs on Chinese electric vehicles, steel, and aluminum earlier this year. The canola tariff is widely seen as a targeted retaliation, hitting a flagship Canadian export with deep regional and economic importance. In response, the BC Conservative leader says BC fairies should scrap its 21:01 contract with a Chinese shipyard for four new vessels, even if it means paying a penalty. Domestic reaction was swift. In British Columbia, opposition leaders called for BC fairies to cancel a $1.2 2 billion contract with a Chinese shipyard for four new vessels, even at the cost of penalties, arguing that Canadian jobs should not be outsourced to a country imposing punitive measures on key agricultural sectors. Economists cautioned, however, that such moves could escalate the dispute further, noting that Canadian exports to China are concentrated in a few vulnerable sectors, while imports from China are far more diversified, giving Beijing significant leverage. At about the same time that President Trump was signing an executive order postponing increased US import levies, Beijing also announced the extension of its own tariff pause. While Canada deals with its own disputes, the US and China have temporarily paused theirs. On 22:00 August 7th, President Trump and Beijing agreed to a 90-day extension of their tariff truce, delaying planned increases and keeping current duties in place. This comes after a volatile year in which Washington in April imposed tariffs of up to 145% on Chinese goods, prompting Beijing to retaliate with rates as high as 125%. Both later scaled back, the US to 30%, China to 10% in May, but core disagreements remain unresolved. The sticking points are familiar and politically charged. the future of Tik Tok's US operations, control over fentanel shipments, market access for US firms in China, and Beijing's dominance in critical minerals. Trump has used tariffs not just as economic policy, but as leverage, applying pressure on allies and rivals alike. For Canada, the outcome of USChina negotiations will help set the tone for its own talks with both capitals, especially as the 35% 23:00 tariff from Washington remains in place. Prime Minister Mark Carney's government is steering a careful line with the US. Ottawa is keeping negotiation channels open, leveraging Canada's role in North American energy, critical minerals, and automotive supply chains, and avoiding rushed concessions. Trade diversification toward the European Union and Asia is a priority, reducing the risk of overdependence on the American market. With China, the immediate task is to cushion the blow to the canola sector. That means exploring alternative markets such as Japan, South Korea, and the Middle East while keeping diplomatic communication alive to prevent the dispute from spilling into other industries. Federal and provincial governments are under pressure from farmers groups to respond forcefully, but officials are signaling that maintaining some level of dialogue is essential to safeguarding long-term interests. In this volatile arena, Canada's challenge is to protect its industries, keep its leverage, and hold 24:00 firm against pressure from both Washington and Beijing without losing sight of its own priorities.

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