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we Canadians despise this blackface Trudeau \na little info on this socialist mascot \nJustin Trudeau's corrupt and unqualified government has increased the Canadian federal debt by more than all previous Canadian governments in history combined.\nHis track record displays complete incompetence, with literally no substantial accomplishments in eight years. He is morally empty, completely corrupt, and ignorant. His arrogance is disgraceful, but it's typical behaviour for narcissists.\nHe has legalized hard drugs and issues them out for free. He encourages citizens to end their lives if they feel depressed, by promoting his assisted dying program. He has also increased the catch and release of repeat violent offenders.\nHe Used the Emergencies Act to Lock Up Protesters and Freeze Bank Accounts\nHe Has Multiple Cases of Direct Illegal Interference with the Justice System\nJustin Trudeau is a master of failure. Turn the page, shut down the committee, fire the Attorney General, throw fellow cabinet ministers under the bus, lie, shift the blame, and accuse your opposition of the very crime you're committing.\ni can keep going

Justin Trudeau's drug policies in Canada have been a disaster and now he pretends he is concerned about Fentanyl [a member of the class of drugs known as fentanyls, rapid-acting opioid (synthetic opiate) drugs that alleviate pain without causing loss of consciousness (analgesic). Fentanyl depresses central nervous system (CNS) and respiratory function. Exposure to fentanyl may be fatal.] going into the United States. He is a lame-duck Prime Minister on his way out of political life let alone public office as Prime Minister of Canada. His poll numbers were miserable and he was not supported within many in his own cabinet because of his divsisive decisions with Alberta, female MPs and hypocritical and harmful actions and words as well as broken promises to the Canadian Tax payers.

Who would image the man who bankrupted multiple companies is now working to destroy America’s economy. Republicans are you winning yet? Ready for the next economic depression?

we will watch the US become a land of Hoovervilles- there will be a grand Depression and this is just what the architects of 2025 want. this is King Musk at work and his minions. Not all of us support this monstrosity in the White House and their dismantling of our democracy. Thank you Prime Minister Trudeau for speaking TRUTH.

The Smoot-Hawley Tariff Act of 1930... this is what caused the world-wide depression. I thought that the governing have learnt... Oh, how naive I was.

Do people actually think that Trump will tell the truth? He's the father of lies.\nDo people think that fentanyl is NOT made in the USA?\nWhy does the USA have SO MANY DOPE FIENDS??\n\nTo all republicans that voted for Trump and you have lost your job or are hurting....GOOD FOR YOU!!!! I wish things become unbearably WORSE. Trump showed ya'll during his first administration, ya'll saw what he did while not in office, and we WARNED ya'll but some way ya'll got amnesia. Basic elementary understanding economics will tell you that:\n1) Tariff is another tax on the people in the country that is issuing the tariff\n2) Cost will always be lower four years prior (except for the period near the great depression) than the current year.\n3) Did ya'll forget about the damage the pandemic did and how some merchants were price gouging...and Biden was going after price gougers?\n\nI could go on and on but I assume that if you didn't listen or pay attention for 8 years, you definitely aint listening to me.

Canada’s Retaliation Against the Smoot-Hawley Tariff (1930)\nOne of the most immediate and severe retaliatory responses to the Smoot-Hawley Tariff came from Canada, which was heavily dependent on trade with the United States. Canada was the largest export market for U.S. goods at the time, and when the U.S. imposed high tariffs on Canadian imports, Canada responded with its own punitive tariffs on American products.\n\nBackground: U.S.-Canada Trade Before Smoot-Hawley\nIn 1929, about 75% of Canadian exports went to the U.S.\nCanada was also a major supplier of lumber, wheat, cattle, and minerals to American markets.\nThe two economies were deeply intertwined, and Canada had traditionally followed a low-tariff trade policy with the U.S.\nCanada’s Response: Retaliatory Tariffs (1930)\nPrime Minister R.B. Bennett responded to Smoot-Hawley by raising tariffs on American goods, specifically targeting products from the U.S. Midwest and industrial centers.\nCanada increased tariffs on over 16 U.S. goods, including:\nFarm machinery\nAutomobiles\nFruits and vegetables\nTextiles\nThese tariffs redirected Canadian trade away from the U.S. and toward Britain and other Commonwealth nations, under a new imperial preference system.\nEconomic Consequences\nFor the United States:\n❌ Sharp decline in U.S. exports to Canada\n\nU.S. exports to Canada dropped by 55% between 1929 and 1932.\nAmerican automobile and farm equipment industries suffered severe losses.\nMany Midwest farmers, who had relied on Canadian sales, went bankrupt.\n❌ Loss of a major trading partner\n\nCanada sought alternative suppliers in Britain, Australia, and other Commonwealth nations.\nThis permanently weakened U.S.-Canada economic ties, forcing the U.S. to reconsider its trade policies.\nFor Canada:\n✅ Diversification of Trade\n\nCanada strengthened trade ties with Britain and other Commonwealth countries.\nCanadian exports to Britain increased, helping Canada avoid complete economic collapse.\n❌ Short-term economic pain\n\nWhile Canada successfully retaliated, the tariffs raised prices for Canadian consumers.\nThe Canadian economy still suffered from the global depression, but it recovered faster than the U.S. by diversifying trade.\nLong-Term Impact\nPermanent Shift in Canadian Trade Policy\n\nCanada moved away from dependence on the U.S. and pursued closer economic ties with Britain.\nThis weakened U.S. economic influence in Canada for decades.\nRepeal of Smoot-Hawley and the Start of U.S. Trade Liberalization\n\nThe failure of Smoot-Hawley contributed to the Reciprocal Trade Agreements Act (1934) under Franklin D. Roosevelt, which lowered tariffs and encouraged bilateral trade deals.\nU.S.-Canada trade eventually recovered, but the economic damage lasted for years.\nConclusion\nThe U.S. intended to protect its industries, but Smoot-Hawley backfired by provoking Canada’s retaliation. This case study highlights how tariffs can damage relationships with key trading partners, disrupt industries, and reduce exports, ultimately harming the economy.

Trump will put in a depression

Gen wesley clark tells the truth.im canadian and let me tell you this,all the people close to me will boycott almost everything that comes from us.restaurant,business like homedepot,starbuck,amazon,walmart,budweiser,alcool,krispy creme,name it ....the list goes on.we already have a list of business for food , cleaning ,clothes.you have to get him out of presidency impeched quick or We fellas wil go throught a economic depression .

❤ Canada. We, the sane, non-MAGAt Americans, also do not want this, nor did we vote for this because we did NOT vote for an obviously mentally ill, functionally illiterate, elderly man with signs of dementia, whose main function besides destroying our country to enrich himself & all of his millionaire & billionaire buddies, is acting as a useful idiot pain for Putin. We, the Americans who value what our country has stood for, whose fathers & and grandfathers fought in both World Wars, who lived in the time before all of the current vaccines existed, who believe in equality, who value the immigrants--documented or undocumented, who believe our country should welcome them & make their paths to citizenship easier because we understand how our country & economy benefit from them living in this country, who understand & value the roles that the WHO, NATO, & the United Nations have played in keeping us ALL safer for many decades bc we REMEMBER or were told by our parents, what it was like b4 those things existed, who either lived thru The Great Depression or had parents & grandparents did, understand what the economic crisis that Trump & his band of greedy ahole idiots are deliberately causing. WE didn't do this. WE fought against it. We tried to explain & warn people about what is happening & what will happen, but you didn't EFFING LISTEN. WE are ANGRY. WE will NOT help any of you who caused this & this includes every MSM who is too afraid to speak truth to power. Start doing that NOW. Start with THIS: It's called The Gulf of Mexico, NOT the Gulf of America. Eff every Trump supporters & GOP politician--at EVERY level of government. Trump can TRY to hide what he's doing to the economy in his stupid reports. Do you honestly believe the average American pays attention to those? No, most are too busy worrying over how to pay their bills & all they'll see is that their situation is getting worse. They can't find a job. They can't afford gas. They can't afford groceries. You can't cover any of that up. WE stand with Canada, Ukraine, the EU, & every other ally nation. Not Russia. Putin can go straight to hell & the sooner the better.

This is Great...Maybe the Naive MAGA Cult Clowns will finally see that they got Conned and Scammed by Donnie Stump and Elon. \n\nDonnie, Elon and all the Rich will get richer and All Americans will suffer and get poorer. \nThe good thing is the MAGA Cult Clowns Red states will get hit the hardest. \n\nPrepare for the next Great Depression...\n\nHigher prices, Loss of jobs and suffering...while Donnie Stump and the Corporations make Billions and Billions...

The Great Depression 2.0 ?

Canada needs to get together with EU, Mexico, UK, Australia, Japan, etc. to prevent depression. Together we can manage through these dark times. EU countries will buy ALL of the oil, gas and minerals that Canada can sell. Europe is energy and resource hungry.

TRUMP is creating not a recession he's creating a bloody depression ......

My Canadian health products I use for my colon has gone up 50% today. Unemployed, prices high at grocery store and my stock investments I use to survive and pay my bills tanked as market has reached bottom. Thanks to Trump we Americans will go on a recession and a depression soon.

Fired Ex Fed workers will take their depression to bad Ftnyl drugs...guess thats on you Donald

As an US resident, I am in no way in agreement with our government…..I hate the fact that our closest neighbors for centuries hate us. I am depressed every single day since Trump entered the White House the first time. Our former and greatest president allowed me a reprieve but now I am thinking about moving from this country due to my extreme depression. Our family helped build this country as we were here before the revolutionary war. I was expecting a nice retirement and Trump and his cronies are making that impossible by possibly stealing our social security that I was told was I would get back for the last 50 yrs. I certainly understand why other countries do not like us…….I do not even talk to my family anymore as I voted for the prosecutor and they voted for the felon.

Here comes the next great depression

This summer will be in the biggest recession just a great depression and it’ll be due to the Trump’s and the Trumper’s the price is a good goods will be astronomical. Thank you Republicans.

This summer will be in the biggest recession just a great depression and it’ll be due to the Trump’s and the Trumper’s the price is a good goods will be astronomical. Thank you Republicans.

This is sheer STUPIDITY. I have no idea what Trump is trying to accomplish here. What good can come from such policies? Is he trying to start a new Great Depression? Start a Third World War? I see no rational thought put in to this at all.

I don’t think the majority of Americans want this. I did not vote for Donald Trump and I’m sure a lot of people that did are regretting their decision. This is so sad and depressing and stressful. God bless us all.

The Smoot-Hawley Tariff Act of 1930, raised U.S. import duties significantly to protect domestic farmers and businesses. Sponsored by Senator Reed Smoot and Representative Willis Hawley, the act increased tariffs on over 20,000 goods by an average of 40% to 60%\n\nAlthough intended to shield American industries during the Great Depression, the act backfired. It led to retaliatory tariffs from over 25 countries, a collapse in global trade, and exacerbated the economic downturn. U.S. exports and imports fell by two-thirds between 1929 and 1932.  Economists widely regard it as one of the most disastrous economic policies in U.S. history.

Canadian is already really hurting. They say they are there for their citizensyet offer euthanasia for being depressed because they’re in poverty. Justin speaks about dictators yet he is a dictator too.

Sir as an American I am with you. The respect that should be among nations is not any longer in the USA. My respect to you sir. We know that orange is lying and wants a war. He wants to copy history by creating a new depression influence by the devils that are surrounding him. He is decrepit, highly influenciable and someone not to trust. I am disgusted for all that is happening. We need you as a nation to help us combat evilness with logic and kindness. God Bless you. Americans are with you and in spite of all this madness we are with you and your people.

As an American I am once again infuriated! I wish we could get rid of this dictatorship in our country! He fires at random and without justification. Now he wants us to go through a Great Depression. It’s not Canada’s fault! I hope most Canadians know that most Americans love our neighbors and are mortified by the great pumpkin and his antics. I’m scared of being taken over by Russia

That government had a somewhat level deficit UNTILL TRUMP AGAIN. This time the +3% growth that was there for him to start either is ALREADY at a -2%. Americans… that means your country is going to LOOSE MONEY IN THE FIRST QUARTER!!!\nThat’s a 5% drop!! That’s depression drop in what is “the best ever”, “the most healthy economy ever seen before” blah blah blah!! \nHe is starting the third world war and it will happen if y’all continue to take the lawlessness and bullshit\nNo one will survive two years, we won’t make it untill midterms!! Please someone take care if private bone spurs and his Bunions!!!\nI Am Canadian ??????

The US has already tried the Tariff experiment.....\nTariffs in 30's by the US contributed to the great depression \nSmoot–Hawley Tariff Act. The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, was a law that implemented protectionist trade policies in the United States\nAnd obviously that didn't work, quite the opposite!\nDeliberate Economic Sabotage?\nSo much for Trump saying historically the American economy did the best under tariff policies\nTo make smart decisions you should also pay regard to history

Every day I now get up and never felt more depressed about what Trump is doing not just to Canada, Ukraine, Europe. Wake up America before it’s too late. Surely you can’t support a so called president that if he is let will take Greenland, Gaza , Canada . I hope not, stand firm . He is as bad as Putin in my eyes!

Hilarious when Canada goes into depression. Remember Trudeau did that to you instead of fair trade he chose to plummet the Canadian Economy we can get all our resources domestically and pay a little bit more. You're a joke Trudeau

Little Trump is not a president nor is he a businessman. He’s a scared little rat a draft dodger and think America if he was afraid to fight in the war then what makes us think that he would protect us now he’s a scared rat. He’s afraid of his own shadow. The family kids and the grandchildren are the ones that are going to feel the damage he will do to this country in four years. I feel so sorry for our men and women in the military now and our veterans are taking a pounding very sad . He’s only doing it to benefit for his own greed. Very sad human being. He’s miserable he’s depressed. You can see it in his face. He was a piece of shit to the American people before he ever even thought of being a president he owes contractors millions of dollars through his life no wonder he has a bull’s-eye on his back and they say he can’t sleep at night well, I wonder why he fucked the American people and he will keep fucking American people nobody will stop him He will keep fucking us until he’s done. And after all that damage that he will do to this country, in the four years it will be so damaged. It will never heal.

Trump will usher in the next Great Depression and it will be devastating. And Elon musk will compromise internal government systems. 2025 will see the crash of the economy on a scale greater than the Covid crash,

Trump is so in love with himself that he cant imagine putin not being his friend. And putin admiring him..putin is playing him..of course trump probably owes him and putin is collecting..not up to me or all of us to pay putin. That is trumps bill.. trump has us on a collision course with possible depression..i hope all those billionaires lose all their money..how stupid and greedy could they be..

Trump stopped targeting Russian hackers. The US ordered cyber command to longer monitor Russisn hackers or to go after them. \n\nTrump ends the consumer watching agency that protected the US citizens from fraud and cyber fraud and the watching general who was tasked to monitor fake money scams like some bit coins which many are dark web money payments from crooks and money laundering. I wonder who this move helped? All of the inspector generals who were looking ok not the scam artist and corporate welfare wuuen Elon Musk. \n\nI was just hearing that gas prices are going up a dollar at least tomorrow, so you had better go and fill up. it's about all any of us can do at this juncture, is my guess. The tariffs are a tax on all of us, plus the oil we used to get from Canada is now going to China or Europe. I'd tend to say you all should be thanking a Republican. Prices up in groceries? thank a Republican. Inflation going up? thank a Republican. thousands of jobs lost. Thank a republican. higher gas prices? Thank a Republican. Don’t forget, thank a Republican, the switchboard number to the House of Representatives is 202-224-3121 be sure and call and let them know what you think. thank your representatives. Firing Veterans thank a Republican. Firing the people who care for the Veterans, thank Republicans. The cascading job losses can be attributed to Trump and his tariffs and the tariff wars. Maybe it will be a depression he will cause worldwide? Thank a republican.\nRuined our government and ruined our status in the world. Thank a Republican.

The "Great" trump depression is a bout to begin. But dont worry maga cult your billionaire cult leader trump wont be affected ?

We are less than two months into DJT's term, and I have to say it's turning out much worse than I expected (and I thought it would be pretty bad). It is terribly depressing to see the country fail while roughly half of it's people cheer it on. We're seeing the fall of the US in real-time, and I'm not sure how we come back from this. I'm exhausted, and we're just getting started.

Why is this dude speaking to Americans ? Run your own damn country lol you’re about to go into a depression ?

NAFTA was a terrible deal for Canadian workers & We are definitely going to endure one of the worst depressions, but it's important to decouple from America going down in flames.

What a HORRIBLE feeling it is to be targeted this way by a big ugly SOCIOPATHIC criminal!!! I am in tears. This is the most depressing, surreal, gut punch. ALL BECAUSE HE IS AFTER OUR HOME SOIL … LITERALLY. He is even more evil than Putin if you ask me.

@EconomicsExplained How about a new video about Finland? The economy is entering depression, with unemployment close to 10% here

This video and these comments are so shocking and depressing. 10 years ago, people still widely praised and raved about Canada and it was a leading country in healthcare and standard of living. Now people are saying the complete opposite and saying it's in a terrible state. I know countries have their downfall at some point, but Canada, of all places, having a really horrendous \n economical crisis is so hard to grasp.

Just looking at this is depressing. The fact there's so many people who hate themselves that are rooting for the destruction of their own country is beyond words. We have Trump for 4 years but what happens after that? Next Democrat that gets elected just opens up the borders again and the cycle begins again, but each time more permanent damage is done to the country.

This channel is so depressing. Good reporter, just no good news.

CATHOLIC CHARITIES IS SPONSOR TO ILLEGAL IMMIGRANTS IN BUFFALO. THEY HELP THEM GET APARTMENT,JOBS,CARS. ITS SO DEPRESSING

I “hate” Canada mainly for its absolutely brutal and barbaric fur trade that STILL continues, before any other reasons (which are multiple). \n\nPlease spread the word about it. \n\nMeanwhile young Canadians are rightfully depressed because Canada is a shithole and not a genuine country. It’s a huge open institution and a corrupt company at once.

what does the modern world offer them? you might say medicine but would they need it if not for modernised peoples? i'm sure there are some aspects of modern life they'd like such as anaesthesia and antibiotics (if someone got injured and needed surgery for example), new yummy foods and so on but it would also mean drug addiction, alcoholism, fast food, depression, unemployment, suicides, racism, chronic illness, alienation and knowledge of how a modern lifestyle is dependent on exploitation of other people and destroying their home at every turn. they are better off without us. we can learn a lot from Indigenous peoples around the world

Boycott and uninstall Facebook,Twitter, Instagram and all American companies in india.We are boosting then,and they are puncturing us.This is not good.As Indian I feel very depressed on this incident occurred.Why we go America,we should make India above America.

Its corporate greed which has trickled down into all areas of life. Rents, property values etc etc. No government can fix it in a democracy because capitalism gives greed the platform. Record profits during covid says it all. Recessions give a partial temporary reboot and depressions are devastating and take a long time to recoup from. I live in a rural small town, retired, own my house and debt free . Low property tax and affordable housing and rents but in the Maritimes. Cities are the worst to survive in. I feel for all that are struggling but Canada is a great country and better than most but one must be willing to relocate to areas that they can afford to live in and still have steady work.

Born and raised in Canada. Truly a depressing country. It is just not the cost of living. It is the monotonous lifestyle, cold and boring. Thank God I speak fluent spanish, due to the fact my father is of spanish background. Therefore, Costa Rica, or Spain here I come ❤.

This will destroy Canada. Trump will cut off all trade, and the Canadian economy will collapse. There is nothing the USA needs from Canada.Add that with cutting off aid, Canada will fall into a deep depression... So as a American ,this makes me very happy