Business
BREAKING ALERT: Trump Threatens 25% Tariff on All Goods From Canada and Mexico, Cites Flood of Fentanyl and Illegal Migrants
In a stunning announcement Monday, President-Elect Donald Trump vowed swift action to combat what he described as a surge in fentanyl trafficking and illegal migration at the U.S. borders with Mexico and Canada.
Trump pledged to impose a 25% tariff on all imports from both countries, citing their alleged failure to address the crises. He announced the policy would be enacted through an Executive Order on January 20, the day he officially takes office.
“Thousands of people are pouring through Mexico and Canada, bringing Crime and Drugs at levels never seen before,” Trump said in a statement. He singled out an incoming “unstoppable” caravan from Mexico as emblematic of what he described as the failures of both neighboring countries to address the crisis.
“This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” Trump posted on his Truth Social platform.
The backdrop to Trump’s shocking policy against Canada—long perceived as a strong ally of the U.S.—includes a recent high-profile case against TD Bank in the United States, resulting in a multi-billion-dollar fine. Months prior to Trump’s announcement, David Asher, a former Trump administration official and consultant on DEA investigations related to the TD probe, told The Bureau that U.S. investigators believe the “command and control” for the fentanyl money-laundering networks allegedly cited in the TD case leads directly to Toronto and Vancouver.
These networks—according to Asher—involve transnational Triads laundering cash from fentanyl distributed in America by Mexican cartels, who source their precursors from China.
In an exclusive interview with The Bureau, Asher criticized the Canadian government for inadequate cooperation in broader fentanyl-trafficking and Triad money laundering investigations, pointing to gang leaders in Canada with alleged ties to Beijing. Asher suggested that possible political and financial influences are hampering effective law enforcement in Canada.
“The key thing is the Canadian connection, and in almost all the investigations as far as money laundering, we saw the command control seemed to go back to our network analysis. When we seized their phones, we’d see Canada light up like a Christmas tree, especially Toronto, and also British Columbia,” Asher said.
Regarding allegations that Triads in Toronto and Vancouver are running fentanyl money-laundering networks for Mexican cartels, Asher added: “The question is, what does the Canadian government know, and why haven’t they tried to judicially prosecute?”
Asher emphasized that the failure to disrupt these networks is contributing to the ongoing fentanyl crisis, which claims tens of thousands of lives annually in the U.S. and Canada.
Furthermore, Asher disclosed that U.S. Congressional investigators allege the People’s Republic of China is not only incentivizing fentanyl precursor exports but also methamphetamine sales.
The tariff, Trump emphasized, will remain until Mexico and Canada take what he called their “absolute right and power” to stop the flow of illegal drugs and migrants.
“We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price,” Trump declared.
The announcement has already sparked sharp reactions from political leaders and trade experts. Critics warn that such sweeping tariffs could disrupt North American trade agreements and exacerbate economic tensions with key allies.
This is a developing story. Stay tuned to The Bureau for updates.
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Business
Canadian Businessman Kevin O’Leary Proposes ‘Erasing The Border’ Between US, Canada To Combat China
From the Daily Caller News Foundation
By Jason Cohen
Canadian businessman Kevin O’Leary proposed on Thursday that the United States and Canada eliminate the border between them to form a united front against China and Russia.
Trump suggested in a Christmas Day Truth Social post that Canada should become the United States’ 51st state, which the president-elect asserted would boost the northern country’s economy and provide it with military security. O’Leary, on “The Big Money Show,” said the potential economic and security benefits of the countries uniting are attractive prospects.
WATCH:
“There’s 41 million Canadians, basically the population of California, sitting on the world’s largest amounts of all resources, including the most important, energy and water. Canadians over the holidays the last two days have been talking about this. They want to hear more,” O’Leary said. “And so there’s obviously a lot of issues and more details, but what this could be is the beginning of an economic union. Think about the power of combining the two economies, erasing the border between Canada and the United States and putting all that resource up to the northern borders where China and Russia are knocking on the door.”
“So secure that, give a common currency, figure out taxes across the board, get everything trading both ways, create a new, almost EU-like passport. I like this idea and at least half of Canadians are interested. The problem is the government’s collapsing in Canada right now,” he continued. “Nobody wants [Canadian Prime Minister Justin] Trudeau to negotiate this deal. I don’t want him doing it for me. So I’m going to go to Mar-a-Lago. I’ll start the narrative. The 41 millions Canadians, I think most of them would trust me on this deal.”
Trump in November threatened to place a 25% tariff on all products from Canada and Mexico unless they do more to curb the flow of illegal immigration and drugs entering the United States, with the Canadian government subsequently boosting its border security apparatus. Trudeau also met with Trump at his Mar-a-Lago residence following the president-elect’s threat.
Business
Global Affairs Canada Foreign Aid: An Update
Canadian Taxpayers are funding programs in foreign countries with little effect
Back in early November I reached out to Global Affairs Canada (GAC) for a response to questions I later posed in my What Happens When Ministries Go Rogue post. You might recall how GAC has contributed billions of dollars to the Global Fund to Fight AIDS, Tuberculosis and Malaria, only to badly miss their stated program objectives. Here, for the record, is my original email:
I’m doing research into GAC program spending and I’m having trouble tracking down information. For instance, your Project Browser tool tells me that, between 2008 and 2022, Canada committed $3.065 billion to the Global Fund to Fight AIDS, Tuberculosis and Malaria. The tool includes very specific outcomes (like a drop of at least 40 per cent in malaria mortality rates). Unfortunately, according to reliable public health data, none of the targets were even close to being achieved – especially in the years since 2015.
Similarly, Canada’s $125 million of funding to the World Food Programme between 2016 and 2021 to fight hunger in Africa roughly corresponded to a regional rise in malnutrition from 15 to 19.7 percent of the population since 2013.
I’ve been able to find no official documentation that GAC has ever conducted reviews of these programs (and others like it) or that you’ve reconsidered various funding choices in light of such failures. Is there data or information that I’m missing?
Just a few days ago, an official in the Business Intelligence Unit for Global Affairs Canada responded with a detailed email. He first directed me to some slightly dated but comprehensive assessments of the Global Fund, links to related audits and investigations, and a description of the program methodology.
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To their credit, the MOPAN 2022 Global Fund report identified five areas where important targets were missed, including the rollout of anti-corruption and fraud policies and building resilient and sustainable systems for health. That self-awareness inspires some confidence. And, in general, the assessments were comprehensive and serious.
What initially led me to suggest that GAC was running on autopilot and ignoring the real world impact of their spending was, in part, due to the minimalist structure of the GAC’s primary reporting system (their website). But it turns out that the one-dimensional objectives listed there did not fully reflect the actual program goals.
Nevertheless, none of the documents addressed my core questions:
- Why had the programs failed to meet at least some of their mortality targets?
- Why, after years of such shortfalls, did GAC continue to fully fund the programs?
The methodology document did focus a lot of attention on modelling counterfactuals. In other words, estimating how many people didn’t die due to their interventions. One issue with that is, by definition, counterfactuals are speculative. But the bigger problem is that, given at least some of the actual real-world results, they’re simply wrong.
As I originally wrote:
Our World in Data numbers give us a pretty good picture of how things played out in the real world. Tragically, Malaria killed 562,000 people in 2015 and 627,000 in 2020. That’s a jump of 11.6 percent as opposed to the 40 percent decline that was expected. According to the WHO, there were 1.6 million tuberculosis victims in 2015 against 1.2 million in 2023. That’s a 24.7 percent drop – impressive, but not quite the required 35 per cent.
I couldn’t quickly find the precise HIV data mentioned in the program expectations, but I did see that HIV deaths dropped by 26 percent between 2015 and 2021. So that’s a win.
I’m now inclined to acknowledge that the Global Fund is serious about regularly assessing their work. It wouldn’t be fair to characterize GAC operations as completely blind.
But at the same time, over the course of many years, the actual results haven’t come close to matching the programs objectives. Why has the federal government not shifted the significant funding involved to more effective operations?
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