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The finance minister is an unlikely champion of the Chicago Way, but she has just pulled off a coup that may end up toppling this government.. Who saw Chrystia Freeland pulling a gun, after Justin Trudeau unsheathed a knife? ... The finance minister is an unlikely champion of the Chicago Way, but she has just pulled off a coup that may end up toppling this government. Just hours before she was due to give her fall economic statement, she quit. Despite the widespread media speculation about a falling out between Freeland and Trudeau, it’s a good bet that no one...

After nearly a decade in power, the reign of Canada’s far-left Prime MInister Justin Trudeau may finally be coming to an attend. According to sources who spoke with CTV, Trudeau is currently “considering his options” after the shock resignation of his Finance Minister Chrystia Freeland. In a public resignation letter, Freeland said that Canada faces a “grave challenge” from the incoming Trump administration, which she described as “pursuing a policy of aggressive economic nationalism, including a threat of 25 per cent tariffs.” The letter read: We need to take that threat extremely seriously. That means keeping our fiscal powder dry...

Canadian Prime Minister Justin Trudeau has avoided a snap election so far but sooner or later his time is going to run out and when it does, polls suggest he and his party are going to face a big loss to the conservatives. Today the Free Press published a story helping to explain why so many young voters have turned on Trudeau. As the saying goes, it's the economy, stupid.At University Hospital in London, Ontario, Amanda Vanderley, 25, works grueling 12-hour shifts as an emergency room nurse. Each day includes not just providing critical care and assisting doctors with emergency...

Chrystia Freeland, Canada's finance minister, said in an explosive letter published Monday morning that she will quit cabinet. It has ignited a storm of confusion on Parliament Hill, coming the same day she was set to table her fall economic statement – a delayed document that typically includes key economic metrics such as the size of Canada's deficit. Follow along for live updates: 1:30 p.m. EST: Fall economic statement set to go forth The Department of Finance has confirmed that the fall economic statement lockup will begin at 1:45 p.m. EST, with Deputy Minister Chris Forbes providing remarks at 2...

Canadian Prime Minister Justin Trudeau is reportedly considering submitting his resignation after a public battle over the economy amid U.S. President-elect Donald Trump's tariff threats. Sources told CTV News that Trudeau told his cabinet that he was considering prorogation or resignation and potentially planning to address Parliament this afternoon. Canada's Deputy Prime Minister Chrystia Freeland quit Monday morning in a surprise move after disagreeing with Trudeau over the threats. In a post on X, she said that she was offered a different position, but upon reflection just assumed she'd leave. Want more breaking political news? Click for the latest headlines...

Canada's Finance Minister Chrystia Freeland has resigned from her post, citing disagreements with Prime Minister Justin Trudeau on how to respond to incoming President Donald Trump's threat of tariffs. She announced her resignation in a letter to Trudeau on Monday, in which she said the two have been "at odds about the best path forward for Canada", and pointed to the "grave challenge" posed by Trump's policy of "aggressive economic nationalism". Freeland said the decision comes after Trudeau informed her last week that he no longer wanted her to be his government's top economic adviser. Her resignation came hours before...

Ontario premier spoke after Prime Minister Justin Trudeau met with Canada's premiers Wednesday Premier Doug Ford says Ontario could cut off energy to the U.S. if president-elect Donald Trump makes good on a threat to impose steep tariffs on Canadian goods. Ford told reporters at Queen's Park that federal Finance Minister Chrystia Freeland will put together a list of items upon which Canada could impose retaliatory tariffs and so will Ontario government. "We will go to the full extent depending how far this goes. We will go to the extent of cutting off their energy, going down to Michigan, going...

One key motivation for imposing tariffs on imported goods is to protect U.S. firms from foreign competition. By taxing imports, domestic prices become relatively cheaper, and Americans switch expenditure from foreign goods to domestic goods, thereby expanding the domestic industry. In a recent Liberty Street Economics post, we highlighted that our recent study found large aggregate losses to the U.S. from the U.S.-China trade war. Here, we delve into the cross-sectional patterns in search of segments of the economy that may have benefited from import protection. What we find, instead, is that most firms suffered large valuation losses on tariff-announcement...

I do not have an economics degree from Boston University, like AOC, and I’m not a professional economist by trade. I only play one. Nevertheless, here are five cases for Trump’s tariffs.1. As we saw last week with his new tariffs on Mexico, Canada, and China, Trump’s plan is to use tariffs punitively, to alter behavior.The president-elect said that he would impose across-the-board tariffs on Day 1 and that they would stay in place until Canada, Mexico and China halted the flow of drugs and migrants.All three countries have wittingly produced fentanyl (China) or aided in the smuggling and distribution...

President-elect Trump suggested to Canadian Prime Minister Justin Trudeau last week that if a tariff for failing to address trade and immigration issues would kill the neighbor to the north’s economy, maybe it should become the 51st state, sources told Fox News. Last Friday, Trudeau flew to Mar-a-Lago unannounced after Trump threatened to impose sweeping tariffs on Canadian products. Specifically, Trump is threatening to impose 25% tariffs on Canada and Mexico over their failures to curb the flow of illegal immigrants and illicit drugs from those countries into the U.S. Now, new details are beginning to emerge about the meeting...

Russia and China could face economic chaos after Donald Trump threatened BRICS nations with 100% tariffs on US imports. The nine-strong alliance led by Russia and China, including Brazil, India, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates, has expressed frustration with the dominance of the US dollar. According to the IMF, nearly all commodities, including oil and crops, are traded using the US dollar, accounting for around 58% of all foreign exchange reserves. The bloc is set to be joined by applicants Turkey, Azerbaijan, and Malaysia. It has said it wants to trade in non-dollar currencies to...

President Trump is, for all intents and purposes, already President of the United States again. Donald Trump is effectively running the country right now, and we're so much better off because of it. World leaders rightly recognize that Trump is in charge, and they're running down to Mar-a-Lago (the real White House) to make deals that protect our borders and people. https://t.co/ejEp96J3pN— James Fishback (@j_fishback) November 29, 2024Barring Biden handing over nuclear weapons to Ukraine--and yes, the administration has been discussing that possibility--the transition from one administration to the next has already happened in the eyes of the world. If...

Tariffs, Bitcoin, 2032, last election? More….

Earlier this week, as we covered at the time, President-elect Donald announced tariffs on Canada and Mexico, citing concerns with fentanyl and "Open Borders." Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum were quick to scramble to address such matters, with Trudeau stressing to reporters on Tuesday morning that he had had "a good call" with Trump. Just days after that, on Friday, it was revealed that Trudeau traveled to Mar-a-Lago. 🚨 #BREAKING: Canadian PM Justin Trudeau has just arrived at Mar-a-Lago to have dinner with President TrumpTrump isn’t even in office yet, and world leaders are ALREADY...

Is far-left Canadian Prime Minister Justin Trudeau about to bend the knee to President-elect Trump even before he takes office? Trudeau arrived in West Palm Beach a short time ago to meet President Trump for dinner at Mar-A-Lago for dinner. The visit comes as Trump has vowed to impose 25% tariffs on all products from Canada and Mexico until the illegal alien invasion. As The TGP previously reported, more than 15 million illegal aliens – poured over the border since Joe Biden assumed power in January 2021. Below is footage of Trudeau arriving in West Palm Beach: Canadian PM Justin...

Prime Minister Justin Trudeau's plane landed in West Palm Beach, Fla., this evening, not far from where incoming U.S. president Donald Trump's transition team is based at his Mar-a-Lago estate. The Prime Minister's Office is refusing to comment on whether the two are meeting. This comes days after Trump threatened to impose a 25 per cent tariff on all imports from Canada and Mexico unless the two countries stop migrants and illegal drugs from crossing the border. Trudeau and Trump spoke on the phone Monday evening after the president-elect made the threat on social media. Trudeau also convened an emergency...

Yesterday, it was CNN scaremongering Trump's tariffs, absurdly claiming they would raise Walmart prices by 250%. Today, it was Morning Joe's turn to trash Trump's tariffs. The show ran a segment on the tariffs featuring Hallie Jackson of NBC News. Every point Jackson made about the tariffs was negative. [snip] Jackson offered her notion of an economics lesson: "Remember, tariffs are a tax on things other countries send here. And those other countries don't pay the tax directly. It gets passed down to companies instead—and often to you.That last warning was accompanied by a finger literally pointing at the viewer...

Mexico President Claudia Sheinbaum, who has pledged to have a good working relationship with President-elect Donald Trump once he takes office, has responded to Trump's statement on November 25, 2024, in which he promised tariffs on Mexico and Canada due to their allowing illegal immigration and the flow of drugs across their borders into the United States to go unchecked.MORE: Trump Pledges Tariffs on Canada, Mexico, and China in Sweeping Trade Policy Announcement As everyone is aware, thousands of people are pouring through Mexico and Canada, bringing Crime and Drugs at levels never seen before. Right now a Caravan coming...

MEXICO CITY -- President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% import duties on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border. Sheinbaum said she was willing to engage in talks on the issues, but said drugs were a U.S. problem. “One tariff would be followed by another in response, and so on until we put at risk common businesses,” Sheinbaum said, referring to U.S. automakers that have plants on both sides of the border. She said...

On CNN This Morning, CNN senior political analyst Mark Preston warned that under Trump's proposed tariff increase on China, "when you go to Walmart, you're not going to get something for like $3.99. It's going to be $13.99." That's a 250% price increase! Trump has proposed increasing existing tariffs on Chinese goods by only 10%. So Mark, where's the additional 240% coming from? CNN correspondent Jeff Zeleny agreed with Preston's absurd scaremongering: "Exactly." Get the rest of the story and view the video here.