Daily Caller
Justin Trudeau Reportedly Planning To Resign

From the Daily Caller News Foundation
By Wallace White
Canadian Prime Minister Justin Trudeau is reportedly expected to resign from office as early as Monday in the wake of a public dispute with President-elect Donald Trump and plummeting popularity among even those in his own party, three sources familiar with the matter told The Globe and Mail.
The sources, who were not named, told The Globe and Mail that they do not know the exact time that he will make the move, but that it will be before he faces his Liberal Party peers at a key meeting. The decision would come in the wake of Finance Minister Chrystia Freeland’s resignation, which was prompted in part by Trudeau’s spat with Trump over tariff policy.
He would end his nine-year tenure as PM with a 33% approval rating, with citizens citing cost of living and immigration anxieties as top issues, according to an Ipsos poll taken in September.
Trudeau faced calls for his resignation from over 40 members of parliament before his decision, according to the New York Post Dec. 17. An interim PM would be selected from within the Liberal Party in the time before the next election.
Under the Canadian system, an election must be called by Oct. 20 next year, according to Reuters. However, a vote of no confidence by parliament could trigger an election sooner.
Trudeau’s tenure has been rife with scandals, including revelations in 2019 of his use of blackface at a party in 2001 and allegations of judicial interference in 2019 where he allegedly instructed former Attorney General Jody Wilson-Raybould to snuff out a corruption charge against Quebec mega-contractor SNC-Lavalin.
The rival Conservative party is almost certainly set for a majority in parliament when the next election takes place, leading the liberals by a whopping 21 points, according to CBC news polling updated Dec. 16. Conservative Party leader Pierre Poilievre will likely take over as PM in place of Trudeau’s Liberal party replacement in the next election.
Among Canadian voters top concerns are living costs, housing affordability, health care, the economy and immigration, according to an Abacus Data poll taken June 20 to June 25.
The median home price in Canada increased by a staggering 227% from 2003 to 2023 while annual earnings only increased by 74.3%, according to an analysis by NerdWallet.
The immigration issue in Canada is also intimately tied to a housing shortage, as Poilievre explained to CBC in August, Canada “cannot grow the population at three times the rate of the housing stock, as Trudeau has been doing.”
Trudeau has also faced criticism for his extreme gun control laws during his tenure, with his government outlawing “assault weapons” in 2020 while continuously adding new firearms to the ban list, according to the NRA. He also passed a carbon tax which drew the ire of conservatives and the general populace, according to CBC News.
Trudeau’s office did not immediately respond to the Daily Caller News Foundation’s requests for comment.
Business
Will Trump’s ‘Liberation Day’ Tariffs End In Disaster Or Prosperity?

From the Daily Caller News Foundation
By J.D. Foster
“Liberation Day” has come. So what does it mean? Beats the hell out of me.
What we know is that President Trump’s avalanche of tariffs was to hit a peak on April 2; not end, mind you; not necessarily “the” peak, as more could be on the way; but a peak.
No Trump policy more completely breaks with America’s past than his “beautiful” tariffs on just about everything coming into the United States from just about anywhere.
Will this new policy liberate American manufacturing from foreign shackles? Will it usher in a new era of prosperity, keeping in mind the United States had for many years the consistently best-performing economy in the industrialized world, even overcoming the many inane obstacles erected by the Biden-Harris Administration?
Or will it leave the United States isolated, friendless, and weakened?
The correct answer at this point is no one knows, not even the bloviating talking heads on TV confidently predicting demise or Shangri-la.
Think of it this way. Suppose you’re a restaurant chef and a woman hands you a new recipe. Her father turns 75 soon and they want to have a party at the restaurant. The recipe is for the father’s favorite dish, one her mother made for years.
The recipe looks old, with odd ingredients and processes you’ve not seen before. Now judge it as a chef.
You can’t. Even as you start chopping and dicing, mixing ingredients as instructed, you’re not too sure how this is going to turn out. You have to wait until the dish is on the plate and taste it.
That’s the case with Trump’s tariffs. How will this all turn out? It’s too soon to tell.
The stock market sure doesn’t like it, but why should it? The investor class doesn’t understand this any better than you do. What they do understand is this new policy has upended assumptions and created enormous new uncertainties. We know that dish as those ingredients are always good for a big pullback.
Much of the confusion arises because we don’t know the underlying policy and likely this uncertainty is intentional. Trump likes keeping his counterparts, in this case our trading partners, guessing. If it means Americans are confused for a bit, Trump’s cool with that. Breaking eggs to make an omelette. It will pass and America will be great again afterward. Bon appetite.
If the core policy is to erect massive and mostly permanent tariff walls behind which American firms can hide, then we know how this will turn out: America, meet the dustbin of history.
If the core policy is to force our trading partners to deal with America fairly by reducing their trade barriers after which Trump will remove his tariffs, then this could turn out very well. Tariffs (and non-tariff barriers) in the U.S. and those of our trading partners would fall, reinvigorating the free trade that has energized prosperity for decades.
Which is it? Walls and doom or freedom and prosperity? Again, too early to tell.
Whatever else Trump does in his second term, these tariffs will define his presidency, akin in consequence to Ronald Reagan’s pro-growth tax cuts and Joe Biden’s inflation.
Trump in his second term clearly lives by the saying, “go bold or go home.” He’s got “bold” down pat. We will see over the next year or so whether he and the Republicans go home. Has he liberated Democrats from any fear of Republicans in the mid-terms or in 2028, or he’s liberated America from any fear of Democratic socialism and wokism returning in our lifetimes. The chips are all-in. Soon we will see the cards. Uncertainty, indeed.
JD Foster is the former chief economist at the Office of Management and Budget and former chief economist and senior vice president at the U.S. Chamber of Commerce. He now resides in relative freedom in the hills of Idaho.
Business
‘Time To Make The Patient Better’: JD Vance Says ‘Big Transition’ Coming To American Economic Policy

JD Vance on “Rob Schmitt Tonight” discussing tariff results
From the Daily Caller News Foundation
By Hailey Gomez
Vice President JD Vance said Thursday on Newsmax that he believes Americans will “reap the benefits” of the economy as the Trump administration makes a “big transition” on tariffs.
The Dow Jones Industrial Average dropped 1,679.39 points on Thursday, just a day after President Donald Trump announced reciprocal tariffs against nations charging imports from the U.S. On “Rob Schmitt Tonight,” Schmitt asked Vance about the stock market hit, asking how the White House felt about the “Liberation Day” move.
“We’re feeling good. Look, I frankly thought in some ways it could be worse in the markets, because this is a big transition. You saw what the President said earlier today. It’s like a patient who was very sick,” Vance said. “We did the operation, and now it’s time to make the patient better. That’s exactly what we’re doing. We have to remember that for 40 years, we’ve been doing this for 40 years.”
“American economic policy has rewarded people who ship jobs overseas. It’s taxed our workers. It’s made our supply chains more brittle, and it’s made our country less prosperous, less free and less secure,” Vance added.
Vance recalled that one of his children had been sick and needed antibiotics that were not made in the United States. The Vice President called it a “ridiculous thing” that some medicines invented in the country are no longer manufactured domestically.
“That’s fundamentally what this is about. The national security of manufacturing and making the things that we need, from steel to pharmaceuticals, antibiotics, and so forth, but also the good jobs that come along when you have economic policies that reward investing in America, rather than investing in foreign countries,” Vance said.
WATCH:
With a baseline 10% tariff placed on an estimated 60 countries, higher tariffs were applied to nations like China and Israel. For example, China, which has a 67% tariff on U.S. goods, will now face a 34% tariff from the U.S., while Israel, which has a 33% tariff, will face a 17% U.S. tariff.
“One bad day in the stock market, compared to what President Trump said earlier today, and I think he’s right about this. We’re going to have a booming stock market for a long time because we’re reinvesting in the United States of America. More importantly than that, of course, the people in Wall Street have done well,” Vance said.
“We want them to do well. But we care the most about American workers and about American small businesses, and they’re the ones who are really going to benefit from these policies,” Vance said.
The number of factories in the U.S., Vance said, has declined, adding that “millions of workers” have lost their jobs.
“My town [Middletown, Ohio], where you had 10,000 great American steel workers, and my town was one of the lucky ones, now probably has 1,500 steel workers in that factory because you had economic policies that rewarded shipping our jobs to China instead of investing in American workers,” Vance said. “President Trump ran on changing it. He promised he would change it, and now he has. I think Americans are going to reap the benefits.”
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