QUESTION: I do know you’ve got mentioned you disagree with the entire tariff warfare. I consider you additionally mentioned if you had been right here in Calgary, there was no approach even Alberta may or ought to turn out to be the 51st state. Would you touch upon this newest submit of Trump draping the American flag over all of North America?
EP
ANSWER: This complete 51st state nonsense is simply unrealistic. If Alberta turned the 51st State, it might disrupt politics for then they might get two senators and untold congressmen. The Democrats would demand Puerto Rico and Guam be allowed to turn out to be states together with Washington DC. If one way or the other all of Canada and Mexico turned a part of the USA, who is aware of what that will disrupt politically. I believe it’d profit the Democrats greater than the Republicans. I couldn’t threaten to flee to Aruba anymore.
So, is Trump simply poking enjoyable at Carney? If he spoke to the State Division, they might absolutely be screaming are you insane! I’m undecided this could possibly be severe even on Trump’s half. The method for a territory to turn out to be a state is established by the U.S. Structure and granted particularly to Congress, not the president.
The precise authority is present in Article IV, Part 3 of the Structure. This part is sometimes called the “Admissions Clause” and states that “no new State shall be fashioned or erected throughout the Jurisdiction of some other State…with out the Consent of the Legislatures of the States involved in addition to of the Congress.”
Subsequently, Trump I consider is having enjoyable and he has to know that his meme is completely unimaginable. It appears to be extra of a dig at Carney, however it was Trump’s rhetoric of constructing Canada the 51st State that bought Carney elected within the first place. This tariff warfare is absurd and there may be NO RESOLUTION that may profit either side anymore. We have no idea the calls for that truly broke the deal since either side level on the different. I can say that Carney’s declare that the deal would limit Canada’s sovereignty by limiting its means to strike commerce offers with different international locations is admittedly dodgy. That’s the #1 approach individuals circumvent tariffs and commerce restrictions. You chop off commerce with a given nation so that they lower a take care of Canada and the merchandise seem to then be Canadian. Mexico now imports extra to USA than China on this kind of association.
Chinese language corporations have been organising vegetation in Mexico, and this technique is broadly seen as a solution to circumvent U.S. commerce limitations. Mexico’s location and its commerce settlement with the U.S. make it a pretty “nearshoring” vacation spot for Chinese language producers. I helped Japan to cut back its commerce surplus shopping for gold in NYC, exporting to London to resell and this revolving door labored.
If Carney actually killed the deal claiming this impeded on Canada’s sovereignty, I can’t consider he actually believed that when actually that’s the #1 solution to circumvent commerce points utilized by everybody.
If we study the numbers, Canada did have a commerce deficit in 2025. The info reveals that its merchandise commerce deficit widened considerably over the course of the 12 months. For 2025, the annual merchandise commerce deficit was C$31.3 billion. This was the biggest annual shortfall since 2020 and a considerable improve from the C$7.2 billion deficit recorded in 2024. Specializing in simply the USA & Canada, in U.S. greenback phrases, Canada had a commerce surplus with the USA in 2025 of about $50 billion. This means that others are importing items into Canda creating their commerce deficit general, however are then promoting then to the USA creating the commerce surplus with the USA.
Chinese language-made items are shipped to Canada, relabeled as Canadian, and exported to the USA with out ample processing to alter their nation of origin. That is customs fraud whether it is carried out to evade U.S. tariffs. U.S. and Canadian authorities have each acknowledged that this happens, though its general scale is troublesome to measure. Just lately, U.S. officers have stepped up scrutiny of alleged transshipment. The White Home has claimed that rerouting items via third international locations—together with Canada—is costing billions of {dollars} in misplaced tariff income, and U.S. Customs has elevated enforcement efforts utilizing AI and different investigative instruments.
Carney might imagine he’s defending Canada on this challenge, however an all out commerce warfare with the USA will even diminished the imports from different international locations to bypass commerce restrictions. That is a part of the issue.
Trump’s taunting Canada because the 51st State doesn’t assist issues when it’s unimaginable anyway. Then there may be the very challenge of tariffs and jobs. It is a Marxist philosophy however overpaying individuals to maintain jobs means the individuals are subsidizing jobs overpaying staff who ought to get one other job. You do NOT develop a head of lettuce within the Saudi desert importing water and prime soil so the fee is $10 a head when you should purchase it from another person for 50 cents. You do NOT make American Nice Once more by bringing again overpaid jobs.
Detroit destroyed its auto business like Mandami assuming that they had infinite revenues that they might tax. Not one auto producer was left by 1937 in Detroit. They didn’t go away due to cheaper labor. They left due to taxes. Detroit was bankrupt by 1937. They didn’t honor their money owed till 1963 paying again with cheaper {dollars}.
NYC was as soon as the biggest port within the USA. Between taxes, regulation, and corrupt unions, they chased everybody out to different ports. Till we have a look at the REAL causes manufacture left, you can’t carry these again to America and they’re exploited by progressives like Mandami. JP Morgan now employs extra individuals outdoors of NYC and the monetary Wall Road is abandoning NYC all due to Mandami. NYC will probably be a shadow of itself by 2030. Any firm seeking to return MUST go to states with no revenue taxes.
Texas has a Franchise tax (a privilege tax measured by “margin”) Tax Fee 0.375% for retail/wholesale; 0.75% for many different companies whereas Florida has a Company revenue tax 5.5% on web revenue. In Texas, the Tax Base Taxable margin (based mostly on income, not simply revenue) whereas Florida has a Web revenue (revenue) tax.
Wanting on the Exemption/Threshold, in Texas no tax is due if complete income is at or beneath $2.65 million. In Florida that may be a $50,000 exemption on web revenue. This is the reason Texas is the #1 place to go for Wall Road and firms. The Democrats screwed Florida corporately. They may NEVER be taught!!!!!
