February 3, 2025
Well, it didn’t take long for Donald Trump to cave in again. Now he has paused tariffs on Canada for at least 30 days after he speaks with Trudeau.
He claims the reason is because of Canada’s efforts to secure the border.
Trudeau said in a statement that Canada is spending $1.3 billion on “reinforcing the border.” Roughly 10,000 “frontline personnel are and will be” working on border protection, the country is appointing a “Fentanyl Czar” and will designate drug cartels as terrorists, Trudeau said. He added that Canada would spend $200 million on a new intelligence program targeted at organized crime and fentanyl.
It looks like Trump escaped the guillotine for now. Canada is not doing this because of the fentanyl going between Canada and Mexico, because there isn’t any proof that a large amount is traveling from Canada.
Trudeau pacified baby Trump and at the same time, saved pain that his own country would feel if the tariffs went into effect tomorrow. He pacified a racist felon, self-centered autocrat, that we as Americans and the Canadians must live with for the next 4 years.
Is China next? So far, Trump is batting 2 strikes out of 3.
One thing good so far today. Tomorrow will be a good day for the markets, as the futures markets for the DOW, S&P 500 and NASDAQ are all in the green.