As previously outlined, Canada is so entrenched with their ‘orange man bad’ syndrome, they just cannot get out of their own way on stupid trade decisions.  {GO DEEP}

You might remember Mexico retreating from Chinese electric vehicle (EV) development following the November 2024 election of Donald Trump.

China was on the cusp of investing $5 to $7 billion in new EV manufacturing in Mexico, when President Trump announced he would impose massive tariffs to block any import of Chinese EVs made in Mexico. Trump won the election and together China and Mexico scrapped their plan.

Europe then stepped on the Chinese EV rake and began purchasing carbon credits from Chinese EV companies to avoid the “climate change” auto goals and subsequent fines to EU car companies for not hitting EV production targets. In essence, Europe is paying Chinese EV companies for carbon credits, thereby subsidizing lower priced Chinese EVs in Europe. The EU is paying China to destroy their own auto industry.

Now, it’s Canada’s turn.

As a result of President Trump asserting tariffs against imported autos, the large auto companies are abandoning plans to build or expand auto manufacturing in Canada. The Canadians are angry, and the professional political class in Canada is doing everything they can to continue ramping up opposition to Donald Trump.

With increased tariffs against Canada, and with the likely dissolution of the USMCA (CUSMA) coming in the near future, the Canadian govt of Mark Carney has been traveling the world to find alternative markets for their goods and services. The main targets for new Canadian economic and trade relations are the U.K, EU and China.

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Wharton Professor and noted economist Mohamed El-Erian appeared on Fox News to discuss the jaw-dropping success President Trump is having with his global trade reset.

As noted by El-Erian no one, including El-Erian himself, expected President Trump to be able to navigate a global trade and economic reset with such stunning success.  The entire economic policy is being driven by the personal influence of President Trump as he leverages tariffs and policy incentives to the benefit of the USA economy exclusively.

The scale of Trump’s agenda is difficult to overstate, and China is now positioned to feel incredible pressure to align Beijing policy with the requests of President Trump.  “We thought there would be a massive retaliation against the US, there hasn’t been” El-Erian noted.  “We’re collecting $800 Billion of tariff revenue” and “inflation has waned,” he said.  This is a remarkable situation that few economists could accurately predict.  WATCH:

WOW — Economist/Wharton Professor says TARIFFS achieved something economists DIDN’T think possible!

“We thought there would be a massive retaliation against the US, there hasn’t been…we’re collecting $800 Billion of tariff revenue…inflation waned.”

INCREDIBLE, @POTUS !! 👏 pic.twitter.com/OaNtWqyTcf

— Townhall.com (@townhallcom) October 27, 2025

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This is not a surprise to readers here as we have discussed the Trump trade agenda with clear, non-pretending eyes.  The ASEAN trip by President Trump is a masterclass in leveraging trade relationships and creating isolation for China.  The downstream consequences for Canada continue to build as the Carney administration doubles down on their entrenched and futile opposition.

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Aboard Airforce One on route to Tokyo, Japan, President Trump, Secretary Rubio, Secretary Bessent and USTR Greer held a press conference and debriefing with the traveling press pool.  The main focus of their comments were trade and economics.

If you are interested in trade discussions, this video and presser is for you.  Video Below:

In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency.

This thread will refresh daily and appear above the Open Discussion Thread.

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Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.

For Thine is the kingdom and the power and the glory, forever and ever. Amen †

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Malaysia hosted the ASEAN conference attended by President Trump and positioned themselves very favorably for warm ongoing relations with the United States.

As President Trump thanked the various dignitaries for their warm hospitality, he invited them to the USA and delivered personal messages of great appreciation.  The departure ceremony is below.  WATCH:

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Next stop, Tokyo, Japan.

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CBS stenographer Margaret Brennan attempts to play the role of geopolitical trade expert in this interview with Treasury Secretary Scott Bessent.  She fails miserably.

Secretary Bessent gives a few more details on the upcoming trade agreement that will be signed by President Trump and Chairman Xi at the upcoming meeting in South Korea.   Brennan asks if the export controls on Chinese rare earth minerals “will be lifted.”  Bessent reminds Brennan the export controls have never been imposed.  lol  WATCH (or read):

[Transcript] – MARGARET BRENNAN: We begin this morning with Treasury Secretary Scott Bessent, who is traveling with President Trump. He joins us from Kuala Lumpur, Malaysia. Good evening to you.

TREASURY SECRETARY SCOTT BESSENT: Margaret, good to speak to you.

MARGARET BRENNAN: You have been negotiating directly with the Chinese. You said today a truce may have been reached. The threat on the table was a 155% tariff on China. The President said that would be effective November 1. Is that off the table? What are the terms?

SEC. BESSENT: Margaret, I think we had a very good two day meeting. I would believe that the- so it would be an extra 100% from where we are now, and I believe that that is effectively off the table. I’m not going to get ahead of the two leaders who will be meeting in Korea on Thursday, but I can tell you we had a very good two days. So I would expect that the threat of the 100% has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime.

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Treasury Secretary Scott Bessent made the legacy media rounds Sunday saying that he and his Chinese negotiating counterpart had reached an agreement on export controls for rare earth minerals, that would lead to the United States not imposing 100 percent tariffs on China.

Secretary Bessent said that trade negotiations with China had been very productive. The plan was to create a deal for President Donald Trump’s meeting with Chinese Chairman Xi Jinping this week in South Korea. However, NBC’s Kirsten Welker was not prepared for Bessent to make a positive announcement about U.S-China trade negotiations.

Because the script in front of her did not factor in the announcement by Bessent, what you see is Secretary Bessent breaking news about a U.S-China trade agreement, but Welker’s pre-scripted follow up questions didn’t align with that news. Welker ends up asking about tariffs and rare earth minerals, after Bessent says a deal to avoid tariffs and retain rare earth mineral access was developed.

Welker then continues asking about U.S-China trade conflicts until Bessent makes the point of saying something akin to ‘can you not hear me, the trade friction is resolved.’ Welker is then forced to abandon her script and ask about Canada. WATCH:

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Speaking to leaders of the Association of Southeast Asian Nations (ASEAN), President Trump delivered remarks during the working session.

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President Trump participates in a peace treaty, trade and critical mineral agreement signing with the Prime Minister of the Kingdom of Cambodia and the Prime Minister of the Kingdom of Thailand.

President Trump was the witness signatory for a declaration of peace and security between Cambodia and Thailand.

We, the Prime Minister of the Kingdom of Cambodia and the Prime Minister of the Kingdom of Thailand, as witnessed by the President of the United States of America and the Prime Minister of Malaysia, having met in Kuala Lumpur, Malaysia, on October 26, 2025, declare the following:

We reaffirm the unwavering commitment to peace and security between our two countries — as declared in Putrajaya, Malaysia, on July 28, 2025 — and reiterate our firm commitment to refrain from the threat or use of force, peaceful settlement of disputes, and respect for international boundary and of international law, for the promotion of peace, security, stability, and prosperity in the region on the basis of mutual respect for the independence, sovereignty, equality, territorial integrity, and national identity of our respective nations.

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