Business
‘We Had A Bad Experience’: Chinese Officials Losing Sleep Over Thought Of Dealing With Second Trump Term
From the Daily Caller News Foundation
By Jake Smith
Chinese Communist Party (CCP) officials quietly believe that a second Donald Trump presidency would be more dangerous to them than a Kamala Harris administration, The Wall Street Journal reported on Tuesday.
The Biden-Harris administration’s relationship with Beijing has been marred with tensions in recent years over diplomatic, economic and national security disputes. But Chinese officials would seemingly still rather have Harris win in November over Trump because they worry that the former president will open up another trade war against China, officials told the WSJ.
“Chinese officials and scholars, in private conversations over many months, are largely exceptionally wary of a Trump victory,” Richard McGregor, China expert at the Lowy Institute in Sydney, told the WSJ.
Those worries are largely kept quiet. Publicly, Chinese officials maintain a stance of neutrality toward the U.S. elections. Chinese President Xi Jinping wrote in a letter last week that China had always handled relations with the U.S. with “mutual respect” and said that Beijing “is willing to work with the United States as partners and friends.”
“The presidential elections are the United States’ own affairs,” a spokesman from the Chinese Embassy in the U.S. told the Daily Caller News Foundation. “We hope that whoever gets elected will be committed to growing sound and stable China-U.S. ties.”
Beijing wants whoever the next president is to take a predictable stance toward relations and dial back the U.S.’ tough-on-China stance. Privately, officials felt that standard was better reflected in President Joe Biden over Trump and thought his reelection would be better for China, according to the WSJ.
After Biden dropped out of the race in July, Beijing felt the same about Harris, officials told the WSJ.
“Under Trump, we had a bad experience,” senior CCP diplomat Liu Jianchao bemoaned during a closed-door session with U.S. think tanks earlier in the year.
The concerns of a second Trump term among Chinese officials stem from fears he will launch a second trade war against China, as he did in his first term, according to the WSJ.
Trump issued a sweeping set of tariffs against China during his first term — adding a tax to imports coming in from the country — in a bid to encourage domestic U.S. investment and compel China to buy more American goods.
Xi and those and his orbit became exhausted in trying to maneuver the trade war and Trump’s demands, according to the WSJ. Trump has weighed the idea in his second term to issue a 60% tariff against incoming Chinese goods, which economists at UBS have predicted could mark a 2.5% blow to China’s GDP growth over a year-long period.
Trump has also recently weighed the idea of using the threat of tariffs to deter China from invading Taiwan, even musing that he would completely halt trade relations if the island is taken by force, which has been received extremely poorly in Beijing.
“I would say: If you go into Taiwan, I’m sorry to do this, I’m going to tax you”—meaning impose tariffs—“at 150% to 200%,” Trump told the WSJ in an interview on Thursday.
The Trump and Harris campaigns did not immediately respond to a request for comment.
ESG
Can’t afford Rent? Groceries for your kids? Trudeau says suck it up and pay the tax!
Watch Canada’s Prime Minister tell an anti-poverty group, your ability to buy “groceries for my kids” is less important than sacrificing to pay his carbon tax.
In case you still thought there might be even the tiniest chance Justin Trudeau might come around.. well this settles it. He is as they say, ‘beyond the pale’.
Sure we’ve pieced this together over the last number of years, but it’s still SHOCKING to see him say it directly, proclaim it proudly. This week Trudeau received applause from an audience of the intellectually suffering at something called the “Global Citizen Now” panel discussion on the sidelines of the G20 Leaders’ Summit in Rio.
Much appreciation for the first short video below to Opposition Leader Pierre Poilievre who shared his ferocious reaction to Trudeau’s anti-human comments, challenging the current PM to call an immediate election.
Or course there will be no quick election call. To Justin, it’s more important to cling to the undercarriage of a taxpayer funded jet so he can fly the globe stunning audiences unfortunately already stunned by their utter terror of losing the planet.
In their horror at their inability to turn the switch off and let us all freeze/starve to death this winter, they applaud lovingly for their intellectual leader/sock model as he describes how hard it is to convince angry, hungry people they really need to suck it up.
If only he read a history book.. any history book.. apologies, any book at all. Truly even spending some time with the literary version of an Al Gore video rant would at lest keep JT occupied so he couldn’t speak for a few moments. I’m pretty sure every time he opens his mouth, the temperature in Canada rises as millions of frustrated hotheads (hello there) explode, spewing steam high up into the upper atmosphere where water particles do much more damage to our planet than the final exhaling of a non grocery-eating-planet-loving-Canadian.
Watch Pierre Poilievre’s video and assuage the ensuing headache by mapping out your route to a polling booth. If this doesn’t sell a couple of those ‘Axe the Tax’ shirts for the Poilievre team, well.. enjoy your stroll to the foodbank.
Here’s a link to his entire discussion. If you have a strong stomach and 20 minutes of your life to donate to a higher cause… No silly, not the intended cause of the anti-poverty group… But to the intellectual cause of understanding just how twisted the logic has become for those who fly around the world to wine and dine, only to break long enough to tell us they think it’s perfectly fine if we can’t buy groceries for our kids.
By the way, please save a bit of your shock and disappointment for the hapless host of the ‘anti-poverty’ Global Citizen. This was apparently on the sidelines of a G20 Summit. I would expect this drivel to be called out at a respectable middle school debate. Apparently the ‘anti-poverty’ Global Citizen people aren’t overly concerned with poverty. Do we need to say that not being able to afford groceries is in fact THE definition of poverty? Or course not. It would be much easier for them to change their name to Former Global Citizens.
You were warned.
Business
Carbon tax bureaucracy costs taxpayers $800 million
From the Canadian Taxpayers Federation
By Ryan Thorpe
The cost of administering the federal carbon tax and rebate scheme has risen to $283 million since it was imposed in 2019, according to government records obtained by the Canadian Taxpayers Federation.
By 2030, the cost of administering the carbon tax is expected to total $796 million, according to the records.
“Not only does the carbon tax make our gas, heating and groceries more expensive, but taxpayers are also hit with a big bill to fund Prime Minister Justin Trudeau’s battalion of carbon tax bureaucrats,” said Franco Terrazzano, CTF Federal Director. “Trudeau should make life more affordable and slash the cost of the bureaucracy by scrapping the carbon tax.”
The government records were released in response to an order paper question from Conservative MP John Barlow (Foothills).
The carbon tax and rebate scheme cost taxpayers $84 million in 2023, according to the records.
There were 461 federal bureaucrats tasked with administering the carbon tax and rebate scheme last year, according to the records.
The CTF previously reported administering the carbon tax cost taxpayers $199 million between 2019 and 2022.
Projected costs for administering the carbon tax and rebate scheme between 2024 and 2030 are $513 million, according to the records.
That would bring total administration costs for the carbon tax and rebate scheme up to $796 million by 2030.
But the true hit to taxpayers is even higher, as the records do not include costs associated with the Fuel Charge Tax Credit for Farmers or the Canada Carbon Rebate for Small Businesses.
“It’s magic math to believe the feds can raise taxes, skim hundreds-of-millions off the top to hire hundreds of new bureaucrats and then somehow make everyone better off with rebates,” Terrazzano said.
The carbon tax will cost the average household up to $399 this year more than the rebates, according to the Parliamentary Budget Officer, the government’s independent, non-partisan budget watchdog.
The PBO also notes that, “Canada’s own emissions are not large enough to materially impact climate change.”
The government also charges its GST on top of the carbon tax. The PBO report shows this carbon tax-on-tax will cost taxpayers $400 million this year. That money isn’t rebated back to Canadians.
The carbon tax currently costs 17 cents per litre of gasoline, 21 cents per litre of diesel and 15 cents per cubic metre of natural gas.
By 2030, the carbon tax will cost 37 cents per litre of gasoline, 45 cents per litre of diesel and 32 cents per cubic metre of natural gas.
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