Well, howdy there, internet people it spell again.

So today, we're going to talk about Trump versus Canada, Defense Industry Edition.

Canada was set to release its new strategy paper dealing with defense production last week.

But due to events in British Columbia, that release was

delayed. Well, the new strategy paper says Canada will increase its defense spending to 5% of its

GDP, raise serviceability rates of Canadian equipment, increased defense exports by 50%. That's right,

exports. And it will create more than 100,000 jobs. That brings us to the question. Bell, I'm just

wondering if Trump just destroyed 125,000 defense manufacturing jobs in the United States

with a stupid trade war. I'm looking at the Canadian plan, and it looks like they're basically

scrapping all reliance on the U.S. Am I reading this wrong? He's reshoring jobs to other countries while we lost 100,000

manufacturing jobs last year. Is there any reversing this? Yes. The economists were right. Trump was wrong.

The trade war is absolutely backfiring in big ways. Okay, so let's hit

these questions one at a time. Did Trump really just destroy 125,000 defense manufacturing

jobs? Not exactly. It isn't a zero-sum game. The addition of jobs in Canada doesn't mean that exact

number of jobs will disappear in the U.S. Canada was a customer of the U.S. defense industry,

so them striking out on their own will damage the U.S. industry. But by how much isn't certain yet? I'd say

tens of thousands, but not 100,000. From the Canadian side of things, this is part of a much

larger reinvestment in their defense industry. In fact, the funding for this is only taking about 10% of

money allocated for defense revitalization in last year's budget. It turns buying domestically for

defense into the default option. As Carney recently said, quote, 75 cents of every dollar of capital spending

for defense goes to the United States. That's not smart. This attitude signals a long-term shift.

This isn't the country saying,

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