By Dale Roberts
Special to Financial Independence Hub
We all know that Canadians are up in arms (well, elbows are up to be more specific) over President Trump’s strategy to destroy Canada, economically. There is a national wave of pride that says ‘Buy Canadian’ and avoid most anything produced in the U.S. More Canadians refuse to cross the border as well, tourism to the U.S. is down significantly. And while U.S. produce rots on the shelves at No Frills, many Canadian investors are also dumping their U.S. stocks in protest. This is the financial equivalent to cutting of your nose to spite your face. Don’t avoid U.S. stocks. Embrace a global portfolio.
Now I certainly understand, here’s the kind of motivation that gets our elbows up …
Of course Canadians will take a pass on that 51st State offer. But we should not take a pass on U.S. stocks. While you may not be a fan of the United States of America, it is still where they keep most of the best companies on earth. It is where they keep the best stock market on the planet. It’s where the entrepreneurial spirit and innovation rages like no place on earth.

Good luck hanging out in Rogers
Ironcially, the best way to protect against economic attack might be embracing our attacker. At least in a portfolio sense. What if they win? What if they destroy Canada economically? They can. Trump might. The U.S. would get stronger as we get weaker. Good luck hanging out in Rogers, Bell, BMO, CIBC, Enbridge, Magna and Suncor. Remember, America doesn’t need anything that Canada produces 😉
A portfolio can be used to hedge most economic events in life, even our country’s economic demise. I suggest that you protect yourself and your family first. Don’t remove what might be your best line of defence. If the U.S. remained an economic powerhouse (with U.S. companies leading the way), and the Canadian stock market and Canadian dollar collapsed, owning these great U.S. companies would make you rich in your own land. And in grotesque fashion, the greater the divide the richer you would get in your own land by way of those U.S. holdings. Here’s the U.S. market going up 4-fold from 2013 with the added currency boost. The weaker the Canadian Dollar, the greater your return.

Warren Buffett does not hate you
Keep in mind that the C.E.O.’s and management at Berkshire Hathaway, Pepsi, Microsoft, Home Depot, Johnson & Johnson and Apple are not out to get you. Quite the opposite, they know a massive tariff war is a very, very, very bad idea for everyone.
In fact, Warren Buffett slams Donald Trump’s tariffs on Canada and Mexico and calls them an act of war. Most business leaders don’t like what’s going on, and it’s the same for so many, or most Americans …
And in Vermont …
The fact that a tariff war is a bad idea might be reason for optimism. For Seeking Alpha this week I offered Defensive stocks for unpredictable Trump policy.

From that article.
My take on the global tariff war concept is …
The bad news is a global tariff war spells economic destruction.
The good news is a global tariff war spells economic destruction.
Essentially, it can’t happen, I think and hope. The markets will push back and so will voters if the economy continues to weaken, and we see a spike in inflation.
It’s safe to say that Trump does not want to be a half-term President, again. They have mid-term elections in 2026.
But U.S. stocks are underperforming
Yes, you might have noticed. And I’ve been pointing this out to readers for several weeks. The markets have been turning their back on U.S. stocks and are embracing international equities. Continue Reading…