QUESTION: I do know you will have stated you disagree with the entire tariff conflict. I consider you additionally stated while you have been right here in Calgary, there was no means even Alberta might or ought to grow to be the 51st state. Would you touch upon this newest put up of Trump draping the American flag over all of North America?
EP
ANSWER: This entire 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 grow to be states together with Washington DC. If one way or the other all of Canada and Mexico turned a part of the US, who is aware of what that might disrupt politically. I think it would 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 certainly be screaming are you insane! I’m unsure this might be severe even on Trump’s half. The method for a territory to grow to be a state is established by the U.S. Structure and granted particularly to Congress, not the president.
The particular authority is present in Article IV, Part 3 of the Structure. This part is also known as the “Admissions Clause” and states that “no new State shall be shaped 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 totally inconceivable. It appears to be extra of a dig at Carney, but it surely was Trump’s rhetoric of creating Canada the 51st State that obtained Carney elected within the first place. This tariff conflict is absurd and there’s NO RESOLUTION that can profit each side anymore. We have no idea the calls for that truly broke the deal since each side level on the different. I can say that Carney’s declare that the deal would prohibit Canada’s sovereignty by limiting its means to strike commerce offers with different nations is de facto dodgy. That’s the #1 means folks circumvent tariffs and commerce restrictions. You narrow 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 any such association.
Chinese language corporations have been establishing crops in Mexico, and this technique is extensively seen as a method to circumvent U.S. commerce boundaries. 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 scale 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 not consider he actually believed that when in actual fact that’s the #1 method to circumvent commerce points utilized by everybody.
If we look at the numbers, Canada did have a commerce deficit in 2025. The info exhibits that its merchandise commerce deficit widened considerably over the course of the yr. For 2025, the annual merchandise commerce deficit was C$31.3 billion. This was the biggest annual shortfall since 2020 and a considerable enhance 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 suggests 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 US with out enough processing to alter their nation of origin. That is customs fraud whether it is finished to evade U.S. tariffs. U.S. and Canadian authorities have each acknowledged that this happens, though its general scale is tough to measure. Lately, U.S. officers have stepped up scrutiny of alleged transshipment. The White Home has claimed that rerouting items by means of third nations—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 subject, however an all out commerce conflict with the USA may even diminished the imports from different nations to avoid commerce restrictions. That is a part of the issue.
Trump’s taunting Canada because the 51st State doesn’t assist issues when it’s inconceivable anyway. Then there’s the very subject of tariffs and jobs. This can be a Marxist philosophy however overpaying folks to maintain jobs means the individuals are subsidizing jobs overpaying employees 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 buy 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 countless 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 not convey these again to America and they’re exploited by progressives like Mandami. JP Morgan now employs extra folks outdoors of NYC and the monetary Wall Road is abandoning NYC all due to Mandami. NYC might 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 Price 0.375% for retail/wholesale; 0.75% for many different companies whereas Florida has a Company revenue tax 5.5% on internet revenue. In Texas, the Tax Base Taxable margin (based mostly on income, not simply revenue) whereas Florida has a Internet revenue (revenue) tax.
Trying on the Exemption/Threshold, in Texas no tax is due if complete income is at or under $2.65 million. In Florida that could be a $50,000 exemption on internet revenue. That is why Texas is the #1 place to go for Wall Road and firms. The Democrats screwed Florida corporately. They’ll NEVER be taught!!!!!
