
As Trump unleashes America, Trudeau shackles Canada
It’s not just Trump’s tariffs that will hit Canada’s economy, he is deregulating his industries while we go in the opposite direction
In 1992, Ross Perot warned of a giant sucking sound if the United States allowed Mexico into NAFTA. The billionaire businessman was running for president and said jobs and investment would flow south from letting Mexico join the Canada-U.S. free trade deal.
Right now, Canadians need to be worried about a giant sucking sound as jobs and investment head south to the United States.
It’s not just the tariffs, it’s the deregulation of the American economy, the unleashing of that country’s potential while we shackle and smother our own. As the Trudeau government continues with economically harmful policies like the carbon tax and emissions caps on oil and gas production, Trump has signed orders to allow America’s oil and gas sector to flourish.
He not only signed an executive order declaring a national energy emergency which will speed up the approval of energy infrastructure projects like pipelines, he signed another one allowing great exploration and drilling on federal lands and another opening up resource extraction – including oil – in Alaska. He has authorized the fast tracking of developing critical minerals projects, the expansion of timber harvesting and to prioritize the development of Alaska’s liquefied natural gas (LNG) industry.
Over the last several years, we have done the opposite of all of these actions. We have made it less attractive to get involved in developing natural resource projects, put a tanker ban in effect on British Columbia’s coast, and all but banned the further development of LNG.
Now, our closest ally and trading partner is about to make it really easy to do business in their country, while we continue to make it harder. Oh, and that’s before an ongoing threat of 25% tariffs on all exports to the United States.
Where do you think investment and jobs will flow? They won’t be going north, not until we have an election and rid ourselves of the Trudeau Liberals.