Key insights

• 🔄 🔄 Disagreements between the US, Canada, and Mexico have intensified over trade and border issues.
• 💵 💵 The total trade among the US, Canada, and Mexico stands at approximately $1.5 trillion.
• 📈 📈 Mexico boasts a trade surplus with the US of around $171 billion, highlighting economic dynamics.
• 🏦 🏦 Remittances from Mexicans total $63 billion, showcasing the financial ties between the countries.
• 🚫 🚫 Critics of external proposals on taxing Mexico raise concerns about political implications.
• 🏡 🏡 The importance of protecting Mexican nationals is vital, encouraging discussions about their return.
• 🎓 🎓 The transformation in higher education emphasizes the significance of intellectual freedom.
• 🌐 🌐 Pepperdine's University School of Public Policy is noted for its commitment to viewpoint diversity.

Q&A

• How do recent policies affect remittances and immigration? 🌍

  Proposed taxes on remittances could set a precedent for other countries, raising concerns about their potential influence on immigration policies and relations. The debate is heightened by events like the Olympics, where protests from Mexican nationals in the US may become more pronounced.

• What are the implications of Canada's new digital services tax? 💻

  Canada's implementation of a 3% tax on major tech companies retroactively from 2022 is significant. It affects companies like Amazon, Apple, Meta, and Google, potentially costing them billions. This move is seen as a direct response to ongoing discussions about the role and impact of these companies in Canada.

• How is intellectual freedom valued in higher education? 🎓

  The segment emphasizes a transformation in higher education where intellectual freedom is increasingly prioritized. This shift is highlighted by Pepperdine University's School of Public Policy, which champions viewpoint diversity, fostering an environment where varying perspectives can be discussed and debated.

• What is the significance of encouraging Mexican nationals to return home? 🏡

  Encouraging Mexican nationals to return home is viewed as a means to protect their welfare while also fostering economic development in Mexico. The speaker argues that this could enhance stability in both countries and reduce the strain on immigration policies.

• What criticisms are being leveled concerning taxes proposed on Mexico? ⚖️

  Recent criticisms target external comments suggesting taxes on Mexico, especially during a time when the country is already facing economic challenges. There are concerns about how such taxes could impact the flow of remittances and the support provided to Mexican nationals living abroad.

• How do remittances from Mexican nationals impact the economy? 💵

  Remittances from Mexican nationals in the US contribute significantly to the economy, totaling $63 billion. These funds play a critical role in supporting families and communities in Mexico, while also stimulating economic activity by providing additional income and purchasing power.

• Why does Mexico have a significant trade surplus with the US? 📈

  Mexico boasts a trade surplus of around $171 billion with the US, driven by robust exports, particularly in manufacturing and agricultural sectors. This surplus raises important discussions about financial policies and the overall economic relationship between the two countries.

• What is the total trade volume between the US, Canada, and Mexico? 💼

  The total trade between the US, Canada, and Mexico is approximately $1.5 trillion. This considerable amount underscores the interconnectedness of their economies and the importance of maintaining cooperative trade relations despite ongoing tensions.

• What are the main trade disagreements between the US, Canada, and Mexico? 🇺🇸🇨🇦🇲🇽

  The speaker highlights several key disagreements related to trade and border issues, notably Canada's recently enforced digital services tax, which complicates relations between the three North American partners. These tensions arise amidst broader discussions on trade dynamics, with concerns about surpluses and illegal immigration affecting the perceptions and actions of governmental policies.

• 00:00 The speaker discusses trade issues and concerns with North American partners, Canada and Mexico, emphasizing Mexico's trade surplus and the impact of financial policies, as well as the importance of intellectual freedom in education. 🇺🇸
• 01:12 Victor Davis Hansen discusses recent tensions with Canada and Mexico regarding trade and border issues, specifically highlighting Canada's enforcement of a digital services tax despite ongoing disagreements. 🇨🇦🛠️
• 02:16 Canada is implementing a 3% tax on tech companies like Amazon, Apple, Meta, and Google for services used by Canadian consumers, retroactively affecting transactions since 2022. This move could cost these companies billions amidst ongoing discussions regarding their market presence in Canada. 💰
• 03:20 The segment discusses trade dynamics and border issues between the US, Canada, and Mexico, highlighting the contentious relationship and recent tax enforcement by Canada despite trade surpluses and drug trafficking concerns. 🤔
• 04:32 The discussion highlights the complexities surrounding trade surpluses in Mexico and the implications of immigration policies, questioning the stance of certain politicians on taxation and support for Mexican nationals amidst ongoing tensions. 🤔
• 05:38 Victor Davis Hansen discusses the implications of proposed taxes affecting remittances and immigration policies, expressing concerns about their impact on the U.S. amidst upcoming events like the Olympics. 🌍