Connect with us
[the_ad id="89560"]

Uncategorized

Trump boasts of America’s might, draws headshakes at UN

Published

9 minute read

CAMEROON, Cameroon — President Donald Trump delivered a sharp rebuke of global governing at the United Nations on Tuesday, drawing headshakes and even mocking laughter from fellow world leaders as he promoted his aggressive “America First” agenda and boasted of America’s economic and military might.

Trump arrived late, forcing a last-minute scheduling switch, then received polite applause but also blank stares as he took his blustery brand of policies to the annual General Assembly.

Speaking in triumphal terms, Trump approached the address as an annual report to the world on his country’s progress since his inauguration. He touted economic figures, declared that the U.S. military is “more powerful than it has ever been before,” and crowed that in “less than two years, my administration has accomplished more than almost any administration in the history of our country.”

Five sentences into the president’s remarks, the audience began to chuckle and some leaders broke into outright laughter, suggesting the one-time reality television star’s puffery is as familiar abroad as it is at home. Appearing briefly flustered, Trump smiled and joked that it was not the reaction he expected “but that’s all right.”

The moment only reinforced Trump’s isolation among allies and foes alike, as his nationalistic policies have created rifts with erstwhile partners and cast doubt in some circles about the reliability of American commitments around the world. Since taking office, Trump has removed the U.S. from the Paris climate accord, promoted protectionist tariffs and questioned the utility of alliances like the North Atlantic Treaty Organization in furtherance of what he termed on Tuesday a strategy of “principled realism.”

In addition to the keynote speech, Trump is to chair a meeting of the U.N. Security Council on the topic of countering nuclear proliferation on Wednesday. His four days of choreographed foreign affairs were designed to stand in contrast to a presidency sometimes defined by disorder, but were quickly overshadowed by domestic political troubles.

The fate of his second Supreme Court nominee, Brett Kavanaugh, was in fresh doubt after a second allegation of sexual misconduct, which Kavanaugh denies.

Drama also swirls around the job security of Trump’s deputy attorney general. Rod Rosenstein was reported last week to have floated the idea of secretly recording the president last year and to have raised the idea of using the 25th Amendment to remove him from office.

At the U.N., Trump seized his opportunity to assert American independence from the international body. He was unapologetic about his decisions to engage with the erstwhile pariah North Korea, remove the U.S. from the international Iran nuclear accord and object to U.N. programs he believes are contrary to American interests.

“We reject the ideology of globalism and we embrace the doctrine of patriotism,” Trump said.

He referenced a long list of U.N. initiatives, from the International Criminal Court to the Human Rights Council, that his administration is working to undermine.

“As far as America is concerned, the ICC has no jurisdiction, no legitimacy and no authority,” he said. The U.S. is boycotting the Human Rights Council, arguing it overlooks abuses by some and serves as a venue for anti-American and anti-Israeli action.

“The U.S. will not tell you how to live and work or worship,” Trump said. “We only ask that you honour our sovereignty in return”

Trump’s denunciation of globalism drew murmurs from the room that stands as the very embodiment of the notion.

Barely an hour earlier, U.N. Secretary-General Antonio Guterres defended international co-operation as the only way to tackle the challenges and threats of increasingly chaotic times.

“Democratic principles are under siege,” Guterres said. “The world is more connected, yet societies are becoming more fragmented. Challenges are growing outward, while many people are turning inward. Multilateralism is under fire precisely when we need it most.”

Other tense moments included Trump’s criticism of Germany’s pursuit of a direct energy pipeline from Russia, which drew a dismissive headshake from a member of the U.S. ally’s delegation. His mention of the United Arab Emirates, Saudi Arabia and Qatar all in one breath, was received by stone-faced Saudi officials. The UAE and Saudi Arabia have been boycotting Doha since last year as part of a political dispute tearing apart the typically clubby Gulf Arab nations.

The laughter in the first moments of the address evoked a campaign line Trump frequently deployed against his predecessor Barack Obama — who embraced international engagement — suggesting that due to weak American leadership, “the world is laughing at us.”

In 2014, Trump tweeted “We need a President who isn’t a laughing stock to the entire World. We need a truly great leader, a genius at strategy and winning. Respect!”

Appearances on the global stage tend to elevate the stature of presidents both abroad and at home. But even before his arrival for the annual gathering of world leaders and diplomats, the desired image was being eclipsed as Trump was forced to confront the salacious and embarrassing in the controversies over Deputy Attorney General Rosenstein and Supreme Court nominee Kavanaugh.

With cable news chyrons flashing breathless updates about both Beltway dramas, news of Trump’s foreign policy moves from the U.N., led by a new trade deal with South Korea, struggled to break through and disappointed White House aides.

A year ago, Trump stood at the international rostrum and derided the North Korean leader as “Little Rocket Man” and threatened to “totally destroy North Korea.”

“It was a different world,” Trump said Monday of his one-time moniker for Kim Jong Un. “That was a dangerous time. This is one year later, a much different time.”

Trump praised Kim as “very open” and “terrific,” despite the sluggish pace of progress toward denuclearization on the Korean Peninsula.

The president said the location for a second summit with Kim is still to be determined, but officials have said Trump is holding out hope it could take place on American soil.

Trump and South Korean President Moon Jae-in on Monday signed a new version of the U.S.-South Korean trade agreement, marking one of Trump’s first successes in his effort to renegotiate economic deals on more favourable terms for the U.S. Trump labeled it a “very big deal” and said the new agreement makes significant improvements to reduce the trade deficit between the countries and create opportunities to export American products to South Korea.

___

Follow Lemire on Twitter at http://twitter.com/@JonLemire and Miller at http://twitter.com/@zekejmiller

Jonathan Lemire And Zeke Miller, The Associated Press

Storytelling is in our DNA. We provide credible, compelling multimedia storytelling and services in English and French to help captivate your digital, broadcast and print audiences. As Canada’s national news agency for 100 years, we give Canadians an unbiased news source, driven by truth, accuracy and timeliness.

Follow Author

Uncategorized

Taxpayers Federation calling on BC Government to scrap failed Carbon Tax

Published on

From the Canadian Taxpayers Federation

By Carson Binda 

BC Government promised carbon tax would reduce CO2 by 33%. It has done nothing.

The Canadian Taxpayers Federation is calling on the British Columbia government to scrap the carbon tax as new data shows the province’s carbon emissions have continued to rise, despite the oldest carbon tax in the country.

“The carbon tax isn’t reducing carbon emissions like the politicians promised,” said Carson Binda, B.C. Director for the Canadian Taxpayers Federation. “Premier David Eby needs to axe the tax now to save British Columbians money.”

Emissions data from the provincial government shows that British Columbia’s emissions have risen since the introduction of a carbon tax.

Total emissions in 2007, the last year without a provincial carbon tax, stood at 65.5 MtCO2e, while 2022 emissions data shows an increase to 65.6 MtCO2e.

When the carbon tax was introduced, the B.C. government pledged that it would reduce greenhouse gas emissions by 33 per cent.

The Eby government plans to increase the B.C. carbon tax again on April 1, 2025. After that increase, the carbon tax will add 21 cents to the cost of a litre of natural gas, 25 cents per litre of diesel and 18 cents per cubic meter of natural gas.

“The carbon tax has cost British Columbians a lot of money, but it hasn’t helped the environment as promised,” Binda said. “Eby has a simple choice: scrap the carbon tax before April 1, or force British Columbians to pay even more to heat our homes and drive to work.”

If a family fills up the minivan once per week for a year, the carbon tax will cost them $728. The carbon tax on natural gas will add $435 to the average family’s home heating bills in the 12 months after the April 1 carbon tax hike.

Other provinces, like Saskatchewan, have unilaterally stopped collecting the carbon tax on essentials like home heating and have not faced consequences from Ottawa.

“British Columbians need real relief from the costs of the provincial carbon tax,” Binda said. “Eby needs to stop waiting for permission from the leaderless federal government and scrap the tax on British Columbians.”

Continue Reading

Uncategorized

The problem with deficits and debt

Published on

From the Fraser Institute

By Tegan Hill and Jake Fuss

This fiscal year (2024/25), the federal government and eight out of 10 provinces project a budget deficit, meaning they’re spending more than collecting in revenues. Unfortunately, this trend isn’t new. Many Canadian governments—including the federal government—have routinely ran deficits over the last decade.

But why should Canadians care? If you listen to some politicians (and even some economists), they say deficits—and the debt they produce—are no big deal. But in reality, the consequences of government debt are real and land squarely on everyday Canadians.

Budget deficits, which occur when the government spends more than it collects in revenue over the fiscal year, fuel debt accumulation. For example, since 2015, the federal government’s large and persistent deficits have more than doubled total federal debt, which will reach a projected $2.2 trillion this fiscal year. That has real world consequences. Here are a few of them:

Diverted Program Spending: Just as Canadians must pay interest on their own mortgages or car loans, taxpayers must pay interest on government debt. Each dollar spent paying interest is a dollar diverted from public programs such as health care and education, or potential tax relief. This fiscal year, federal debt interest costs will reach $53.7 billion or $1,301 per Canadian. And that number doesn’t include provincial government debt interest, which varies by province. In Ontario, for example, debt interest costs are projected to be $12.7 billion or $789 per Ontarian.

Higher Taxes in the Future: When governments run deficits, they’re borrowing to pay for today’s spending. But eventually someone (i.e. future generations of Canadians) must pay for this borrowing in the form of higher taxes. For example, if you’re a 16-year-old Canadian in 2025, you’ll pay an estimated $29,663 over your lifetime in additional personal income taxes (that you would otherwise not pay) due to Canada’s ballooning federal debt. By comparison, a 65-year-old will pay an estimated $2,433. Younger Canadians clearly bear a disproportionately large share of the government debt being accumulated currently.

Risks of rising interest rates: When governments run deficits, they increase demand for borrowing. In other words, governments compete with individuals, families and businesses for the savings available for borrowing. In response, interest rates rise, and subsequently, so does the cost of servicing government debt. Of course, the private sector also must pay these higher interest rates, which can reduce the level of private investment in the economy. In other words, private investment that would have occurred no longer does because of higher interest rates, which reduces overall economic growth—the foundation for job-creation and prosperity. Not surprisingly, as government debt has increased, business investment has declined—specifically, business investment per worker fell from $18,363 in 2014 to $14,687 in 2021 (inflation-adjusted).

Risk of Inflation: When governments increase spending, particularly with borrowed money, they add more money to the economy, which can fuel inflation. According to a 2023 report from Scotiabank, government spending contributed significantly to higher interest rates in Canada, accounting for an estimated 42 per cent of the increase in the Bank of Canada’s rate since the first quarter of 2022. As a result, many Canadians have seen the costs of their borrowing—mortgages, car loans, lines of credit—soar in recent years.

Recession Risks: The accumulation of deficits and debt, which do not enhance productivity in the economy, weaken the government’s ability to deal with future challenges including economic downturns because the government has less fiscal capacity available to take on more debt. That’s because during a recession, government spending automatically increases and government revenues decrease, even before policymakers react with any specific measures. For example, as unemployment rises, employment insurance (EI) payments automatically increase, while revenues for EI decrease. Therefore, when a downturn or recession hits, and the government wants to spend even more money beyond these automatic programs, it must go further into debt.

Government debt comes with major consequences for Canadians. To alleviate the pain of government debt on Canadians, our policymakers should work to balance their budgets in 2025.

Tegan Hill

Director, Alberta Policy, Fraser Institute

Jake Fuss

Director, Fiscal Studies, Fraser Institute
Continue Reading

Trending

X