Daily Caller
Kevin O’Leary Says Trump’s Tariffs A Gateway To US-Canada Economic Unity
From the Daily Caller News Foundation
By Mariane Angela
‘It’s The Beginning Of A Giant Negotiation’
“Shark Tank” co-star Kevin O’Leary said Monday on Fox Business that President Donald Trump’s looming tariff on steel and aluminum imports have broader implications for US-Canada relations.
During an appearance on “The Evening Edit,” O’Leary discussed the impact of tariffs as the start of significant negotiations. He said there is potential for broader economic integration between the U.S. and Canada. Trump plans to impose tariffs of 25% on imports from Mexico and Canada, along with an additional 10% tariff on Canadian oil, natural gas, and electricity. Despite these significant figures, Trump has imposed only a 10% tariff on oil, the cheapest U.S. imports. O’Leary said this is merely the opening move in what could be a transformative economic negotiation.
“So all of this to me, if you separate the signal from the noise, forget the noise. The signal is, let’s get an economic union together,” O’Leary said. O’Leary said there is a global uproar over the U.S.’s proposed 25% tariffs and the reciprocal tariffs from countries like India, which have set their tariffs on some U.S. products at up to 23%.
“Those are two different baskets. Obviously, the one that people are talking about quite a bit tonight is India. They’ve got certain product services in different sectors, up to 23%. Now we’re going to have reciprocal tariffs in the U.S. against them. [Indian Prime Minister Narendra] Modi will immediately fly to Washington. The negotiations will begin,” O’Leary said.
O’Leary, however, said Canada’s situation differs from others.
“It’s the same everywhere. The Canadian situation is unique. Almost the entire 200 million deficit that the president’s talking about comes from one single source. That’s energy coming out of Irving Refineries on the east coast down to Boston, and all of that oil, 4.3 million barrels a day coming in at Alberta into the west,” O’Leary said. “And so that’s the most inexpensive oil [that] the U.S. imports. That’s why he only put a 10% tariff on it. But it’s the beginning of a giant negotiation. Aluminum, 70% of aluminum comes in the U.S. It’s made in Canada for one singular reason.”
While some skeptics doubt Canada’s willingness to merge economies, a growing number of Canadians, O’Leary said, are open to exploring such a possibility.
“What is on the table that now 43% of Canadians want to explore more of? Forget all these tariffs. Let’s join the two economies, become a behemoth, common currency perhaps, and then take on China,” O’Leary added. “I mean, that’s really what we’re talking about here. We’re talking about the security of the north, not the 49th parallel.”
When asked about what the U.S. could gain from such tariffs beyond economic leverage, O’Leary said it’s about the broader geopolitical benefits:
“Let me assure you that 11 out of 10 Canadians would rather trade their Trudeau pesos for American dollars. They already have American dollar accounts. Trudeau has wiped out 41% of their net worth the last nine years. They want an economic union because it’s good for business. Everybody understands that. The two countries are so intertwined, and they both believe in democracy and free speech and freedom and all the rest,” O’Leary said.
O’Leary was asked what can Trump get for the American consumer and the American voter in return for these tariffs.
“Security on energy,” O’Leary said.
“Alberta has five times more oil and gas than the entire United States. Complete security on uranium, aluminum, all of the incredible resources Canada has with only 41 million people there and access to it in a free flow. No tariffs.”
Trump aggressively employed tariffs to coerce Canada and Mexico into making concessions aimed at resolving the crisis at the southern border. In response, Canada has committed to bolstering security along its northern border, while Mexico has agreed to station 10,000 National Guard troops at the border.
During former President Joe Biden’s tenure, approximately 8.5 million migrants were encountered at the U.S.-Mexico border, and this period also saw an increase in fentanyl seizures, primarily driven by Chinese chemical companies. Meanwhile, even though less frequent, illegal crossings at the northern border also surged during the Biden administration.
From the Daily Caller News Foundation
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Ahead of the COP30 climate summit in Belém, Brazil, developers are carving a four-lane highway through protected tracts of the Amazon rainforest to ease travel for attendees.
The highway, one of several infrastructure projects fast-tracked for the summit, is meant to ease congestion for the more than 50,000 attendees expected in November. The state government insists the road is a “sustainable” development with wildlife crossings, bike lanes and solar lighting, but local critics argue it contradicts the very mission of the climate conference, according to the BBC.
“Everything was destroyed,” Claudio Verequete, a local resident whose family depended on the açaí trees that once stood where the road now cuts through the forest, told the BBC. “Our harvest has already been cut down. We no longer have that income to support our family.”
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The highway, known as Avenida Liberdade, had been shelved multiple times in the past due to environmental concerns but was revived as part of a broader push to modernize Belém ahead of COP30, according to the outlet. State officials say the city’s transformation will leave a lasting legacy, including an expanded airport, new hotels and an ungraded port to accommodate cruise ships.
Adler Silveira, the Brazilian state of Pará’s infrastructure secretary, defended the highway project in a statement to the BBC, calling it an “important mobility intervention” that will benefit the local population long after the summit ends.
Satellite images of the area appear to show miles of cleared land where dense rainforest once stood. Conservationists warn that beyond immediate deforestation, the road could enable further illegal logging and land speculation, fragmenting ecosystems critical to carbon absorption, the BBC reported.
“From the moment of deforestation, there is a loss,” Silvia Sardinha, a wildlife veterinarian at a university near the site of the new highway, told the BBC. “Land animals will no longer be able to cross to the other side, reducing the areas where they can live and breed.”
The annual UN Climate Change Conference gathers world leaders, lawmakers, scientists and industry representatives to negotiate global climate policy. Discussions typically center around greenhouse gas emissions, phasing out fossil fuel, adapting industries to climate benchmarks and enforcing international agreements like the Paris Accord, as well as topics like deforestation. At previous summits, speakers have advocated for policies such as taxing meat products and naming extreme heat events to create greater awareness of temperature changes. Taliban officials from Afghanistan also attended the COP29 in 2024, as UN agencies reportedly considered unlocking funds for the nation to combat climate crises. The COP28 the year prior included a discussion on sustainable yachting.
The Amazon rainforest, previously called the “lungs of the Earth,” now reportedly emits more carbon dioxide than it absorbs due to rampant deforestation, according to the National Oceanic and Atmospheric Administration.
Attendees of the 2025 climate summit are expected to include representatives from nearly every UN member state, as well as corporate leaders in the renewable energy industry such as Siemens Gamesa.
Luiz Inácio Lula da Silva, Brazil’s president, remarked that “it’s a COP in the Amazon, not a COP about the Amazon,” adding the conference will be “historic and a landmark” in a February press release. The COP30 summit is scheduled for Nov. 10 through Nov. 21.
Business
Ontario Premier Doug Ford Apologizes To Americans After Threatening Energy Price Hike For Millions
From the Daily Caller News Foundation
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Ontario Premier Doug Ford apologized to Americans Tuesday after he suspended a 25% electricity surcharge that he initially said he would be “relentless” in pursuing.
Ford implemented a 25% surcharge on electricity to New York, Michigan and Minnesota on Monday, but quickly rescinded the policy and apologized to Americans on WABC’s “Cats & Cosby” radio show the following day. The tariffs were initially a retaliatory measure against President Donald Trump’s flurry of tariffs against Canada since he assumed office.
Canada is highly dependent on U.S. exports, economists told CNN, and the planned electricity surcharge would likely hurt Canada’s energy industry much more than it would the U.S., although an estimated 1.5 million homes and businesses would have been affected.
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“I want to apologize to the American people. I spent 20 years of my life in the US, in New Jersey, in Chicago. I love the American people,” Ford said. “I absolutely love them … Secretary Lutnick and President Trump are brilliant businesspeople. They are hard negotiators. We need to put this behind us and move forward and build the two strongest countries in the world.”
Initially, Ford had a much more aggressive tone when he instituted the tariffs.
“We will not back down. We will be relentless. I apologize to the American people that President Trump decided to have an unprovoked attack on our country, on families, on jobs, and it’s unacceptable,” Ford said on MSNBC in response to Trump’s hiking of steel and aluminum tariffs.
Trump, in turn, threatened to increase the steel and aluminum tariffs on Canada to 50%, with the increase going into effect the next day.
Ford then talked with Secretary of Commerce Howard Lutnick, with the premier describing the call as “productive.” Once Ford backed down on his plan to implement the export fees, Trump reversed his planned hike to 50% on steel and aluminum tariffs. Ford is expected to meet with Lutnick Thursday in Washington, D.C.
If a deal is not reached by the April 2 deadline, the tariffs will resume.
Ontario sold around 12 terawatt hours of electricity to America in 2023, with the U.S. being Ontario’s largest energy customer outside Canada. The tariff would have likely added “100$ a month” to the bill of Americans in the affected states, Ford claimed according to CNN.
The U.S. and Canada have entered into a contested debate over trade policies, with Canada announcing an additional $20 billion in retaliatory tariffs on American goods in response to Trump’s initial 25% steel and aluminum tariffs.
Trump initially gained concessions from Canada in February, forcing them to aid in curtailing the illegal fentanyl trade in exchange for a pause on a 25% general goods tariff enacted Feb. 1. However, Trump eventually let the pause expire, with the tariff resuming in March.
“Canada is a tariff abuser, and always has been, but the United States is not going to be subsidizing Canada any longer,” Trump said on Truth Social Mar. 10.
The Ontario Premier’s office did not immediately respond to the Daily Caller News Foundation’s request for comment.
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