I have talked to a lot of Canadians on the issues of economics and trade. As a result, I can say with complete sincerity that not since the COVID-19 examples of New Zealand (lockdowns) and Australia (vaxx), has a nation engaged in such a level of mass cognitive dissonance as the govt of Canada on the issue of economics and trade – in the past few years. It is stunning.
To understand the reality of the situation Here’s an IN-DEPTH LINK. Apparently, few really understand the full scope of the issues.
President Trump responds to the latest decision of the Canadian government.
PRESIDENT TRUMP: “Canada was caught, red handed, putting up a fraudulent advertisement on Ronald Reagan’s Speech on Tariffs. The Reagan Foundation said that they, “created an ad campaign using selective audio and video of President Ronald Reagan. The ad misrepresents the Presidential Radio Address,” and “did not seek nor receive permission to use and edit the remarks. The Ronald Reagan Presidential Foundation and Institute is reviewing its legal options in this matter.”
“The sole purpose of this FRAUD was Canada’s hope that the United States Supreme Court will come to their “rescue” on Tariffs that they have used for years to hurt the United States. Now the United States is able to defend itself against high and overbearing Canadian Tariffs (and those from the rest of the World as well!). Ronald Reagan LOVED Tariffs for purposes of National Security and the Economy, but Canada said he didn’t! Their Advertisement was to be taken down, IMMEDIATELY, but they let it run last night during the World Series, knowing that it was a FRAUD.”
“Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now. Thank you for your attention to this matter!” [SOURCE]
President Trump said he will not be meeting with Prime Minister Mark Carney in Malaysia.
To give context to the situation in Canada, consider the decision by Stellantis auto-manufacturing to withdraw billions in planned manufacturing plants in favor of relocating to the USA (Illinois). {SOURCE}
For a company to walk away from billions in expenditures in a five-year plan, the financial and legal analysis by the company is extensive. Actuaries, lawyers, banks and a host of other operational systems are involved in such a decision. For the CFO and CEO to reach the conclusion that their best play is to abandon an investment of that scale, it reflects just how poorly the Canadian government is positioned toward the Stellantis interests.
Yet, even with that painful reality staring them in the face, the Canadian government is so entrenched in their opposition to President Trump, they cannot change direction or modify domestic economic policy to be in alignment with their North American best interest. The disconnect is stunning.
This is not going to end well for the “elbows up” tribe.
