Tom Zawistowski
👤 SpeakerAppearances Over Time
Podcast Appearances
I think so.
Correct.
So that tells you how important it is.
And when you see the map there and you see how all this freight comes from all over the place, the Panama Canal was the shortcut for east to west.
It's a huge economic importance for all the stuff that comes from the Pacific Ocean coming to, again, New Orleans, Montana.
Houston and Miami, which are actually Port Everglades, bigger, are the ports that are bringing product here to the United States.
I'm sorry, Pat.
No, no, go for it.
I think the bottom line here is national security has got two components, economic security and defensive security.
Panama Canal is economic security.
Greenland is defensive security.
And it's pretty straightforward.
Tom, what's going on here?
So let me translate that for you.
China got Canada to agree to take BYD, which is the largest EV maker in the world by number of units, and to send over their $30,000 EVs, which is not going to be good for Tesla.
But what Mark Carney is doing there is dancing around a simple truth.
He went back and renegotiated with China, which he feels is a trade deal that's good for Canada, and that's how he's spinning it.
Meanwhile...
President Trump is pointing out that the $2.3 trillion economy of Canada, which is less than half of California, that – by the way, Rob, I don't know if you can find this in a flash.
I didn't tell you.