Two fundamental issues that Canadian politicians and media keep hidden from Canadians. First, in the 2025 U.S. Supreme Court decision last year about tariffs, the court outlined that the executive branch can constitutionally ban trade with another country. Second, the U.S. can exit the USMCA with a six-month notification.

There is an awful lot of pretending and gaslighting within this general discussion segment; purposefully advanced to keep the Canadian people in the dark. However, that said, Canada’s chief trade negotiator to the United States, Janice Charette does admit that tariff free access to the U.S market is lost forever.

Janice Charette is participating in a discussion at the Toronto Global Forum, where she is questioned by Brian Tobin, vice chair of the BMO Financial Group about the trade relationship with the United States and the opinion that many Canadian officials have espoused that Canada just needs to outlast President Donald Trump.

Charette informs the audience that regardless of who is the U.S. President, tariffs will likely remain in place permanently because the amount of revenue being generated to the U.S. Treasury is too great for any President or congress to stop. PROMPTED – WATCH:

While almost all of her analysis is flawed, skewed and seriously underestimates the nature of the dynamic that Canada is facing, what Janice Charette outlines about how Donald Trump has shifted the national revenue model using global tariffs to offset national expenditures (her baseline) is accurate.

Beyond her statement it is worth pausing for a moment and using Charette’s frame of reference to reconsider the post WWII European revenue model.  It was/is President Trump’s model in reverse.

The Marshal plan, was essentially one-way tariffs on American trade that provided one-way benefits (revenue) that permitted the EU to rebuild after the second world war.  To Charlette’s framework, how willing was the EU mindset to change this beneficial economic outcome?

Answer: The EU fought it (and is still fighting it), perceiving the elimination of that benefit as an existential threat to their economic power. The EU became reliant on the Marshal Plan.

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Toward the end of this important meeting readout presented by President Putin’s closest Kremlin advisor Yury Ushakov, the Russian Federation confirms a willingness to participate in a historic trilateral meeting between Chairman Xi Jinping, President Donald Trump and President Vladimir Putin on the sidelines of the APEC Summit in Beijing.

If Xi organizes this meeting, we can be certain all elements of what we traditionally call “the western powers” will be going bananas. Like, literally heads will be exploding from Washington DC, through Brussels, Ottawa and even Sydney and Tokyo. However, Sanae Takaichi, Japan’s prime minister, will certainly be in the loop with Trump.

Presidential Aide Yury Ushakov: Good afternoon, colleagues,

Today, at the Constantine Palace in St Petersburg, President of the Russian Federation Vladimir Putin received the US President’s Special Envoy Steve Witkoff. This was a scheduled meeting that had been agreed upon several days ago. As before, Jared Kushner was also expected to participate but was unable to travel due to health reasons. However, a videoconference link was arranged, allowing him to share his assessments and views on the issues under discussion.

I would like to note that this marks the ninth meeting between our President and US representatives, a useful addition to regular telephone conversations held between the Presidents of Russia and the United States.

At the outset, in the presence of the media, our President and Steve Witkoff outlined the issues they intended to raise during the conversation and shared their assessments of the current state of dialogue between the two countries.

For my part, I would like to add that, as always, the conversation was substantive and candid and lasted nearly three hours.

This time, the meeting between the Russian President and Steve Witkoff was preceded by the US envoy’s talks in Oslo with Vladimir Zelensky and representatives of a number of European countries, NATO and the European Commission. Naturally, Steve Witkoff briefed Vladimir Putin on the substance of the talks in Oslo, shared his observations and highlighted certain new approaches and elements in the positions of the European side and Kiev, although there was little in them that could help resolve the Ukraine crisis.

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Canadian Industry Minister Mélanie Joly has threatened to sue Stelco Inc for shutting down its Hamilton finishing operations and laying off around 500 workers.

Stelco owner Cleveland Cliffs is calling Joly’s bluff, citing the government’s own Investment Canada Act guidelines.

OTTAWA — Stelco Inc. says Canadian exports of cold-rolled and coated steel to the United States have plunged 58 per cent compared with pre-trade-war levels, while continued foreign imports put pressure on domestic producers.

In a seven-page letter to Canada’s industry minister obtained by The Canadian Press, Stelco president Paul Simon says Canadian exports of those steel products to the United States fell by 226,000 tonnes in the second quarter of 2026 compared with the 2024 quarterly average.

At the same time, he says imports accounted for 45 per cent of market share for those products, despite Ottawa’s efforts to protect the industry by restricting steel imports.

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Canadian Prime Minister Mark Carney has recently promoted an expansive LNG pipeline deal to center the domestic infrastructure development around the concept of “Buy Canadian.”  However, when questioned about the actual construction of the proposal, Carney now admits the developers will determine what resources will be used – and it will not be Canadian product.

The unfortunate reason is not complicated.  Canada does not have the industrial capacity to make the heavy components for the LNG expansion pipeline because Canada does not have the ability.

[SOURCE]

CALGARY — LNG Canada is planning to use Chinese steel in major components of its $33-billion second-phase expansion despite Ottawa’s promises that nationally significant projects would help drive Prime Minister Mark Carney’s Buy Canadian policy.

The joint venture says Canada lacks the specialized fabrication facilities needed to manufacture the massive modules required for its expansion and plans to buy more components from state-owned China Offshore Oil Engineering Co. Ltd. (COOEC), which manufactured modules for the project’s first phase. (read more)

I would remind readers this inability to manufacture industrial goods is exactly what former Canadian Prime Minister Justin Trudeau outlined to President Trump in December 2025 in Mar-a-Lago, when President Trump challenged Trudeau to stop importing Chinese steel and aluminum.  Canada’s clean energy policy blocks the country from creating heavy industrial components.  WATCH:

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The United States is hosting the G20 Summit this year.  As part of the G20 Process various ministers and ambassadors from all of the G20 ministerial sessions, attend summits in the lead-in to the political leader summit in Miami this December.

During the opening session of the G20 trade plenary session, Greer outlined four strategic priorities that President Trump is bringing to the center of the G20 trade group this year. “There are four workstreams the U.S. Presidency has focused on over the course of the year: (1) the weaponization of food, (2) structural excess capacity and production, (3) the Most-Favored-Nation principle, and (4) forced labor in global supply chains.” [READ MORE] These were the directed topics at the beginning of the summit.

Speaking from Milwaukee, Wisconsin, at the G20 Trade Ministerial Session, U.S. Trade Representative Jamieson Greer gives important remarks and answers questions from the media at the conclusion of the two-day event. WATCH: 

Within one question from an EU/Canada media stenographer, there’s a rather brutally obvious statement from USTR Greer. Absolutely epic. Both Canada and Europe are missing a very key something from their economic model, CONSUMERS!

Instead of focusing on growth within their domestic economies, both Canada and Europe rely on the USA to provide the CONSUMERS for their goods. Negotiating from that position is not too difficult.

ESSENTIALLY, currently Canada sends their overproduction to the USA (hence their trade surplus). Currently the EU send their overproduction to the USA (hence their trade surplus). Block those inbound surpluses and what exactly is Canada and the EU going to do with their newly acquired excess?

The two lowest growth economic systems, that are both missing the critical component of ‘consumers’, are going to send their excess products to each other?  Think about it.

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When asked about a statement this week where Stelco Holdings Inc. announced they were laying off 500 workers from their steel plant in Hamilton, Ontario, immediately Canadian Prime Minister Mark Carney blamed the United States.

He’s lying. It’s ridiculous. However, that’s all Carney can do at this point.

In reality it is (1) Canadian energy, climate and manufacturing policy; in combination with (2) the specific decision to allow the import of cheap steel from China; in combination with the decision to (3) rebuke U.S requests to stop purchasing that Chinese steel; that has driven out Canadian steel manufacturing.

(1) Canada carbon emission policy changes steel manufacturing. (2) Canada admits to lying about the import of Chinese Steel. (3) Canadian steel manufacturers warn Canada of pending exit. Mark Carney denied all three points. The receipts are in the links right there.

WATCH Prime Minister Carney blatantly lie on camera:

This announcement by Stelco happened on the exact same day that President Trump announced a new $18billion investment in U.S. steel manufacturing in Iowa. {SOURCE}

In fact, in a world full of irony, during a media segment discussing the closure of the Canadian steel plant, CBC cut away to live feed of President Trump who was making the Iowa steel plant announcement.  The timing was rather remarkable.

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I was quite confused by this distinctly European approach until I had dinner with a Chinese actuary working in the auto warranty insurance industry.

Europe asks China to voluntarily limit exports (mostly autos) to the European Union.  Europe doesn’t want to get China angry with them about this issue.  However, China is sending massive numbers of EVs into Europe.  Europe is losing its auto business. I couldn’t figure out why the EU didn’t take an aggressive/confrontational position.

Then I was reminded.  Europe cannot force Beijing through a trade action (tariffs, ban, EU limit etc.) because Beijing might stop selling them EV carbon credits.  If the European automakers cannot purchase Chinese EV carbon credit certificates, the fines levied by Brussels against gasoline powered autos will destroy the EU auto business.

Think about this for a while, then read the EU media report:

EuroNews –  Brussels is pressing Beijing to accept quotas on Chinese exports as negotiations enter their final stretch, with the EU threatening trade measures unless tangible progress is made by next month.

Brussels and Beijing are fighting over quotas that would limit Chinese imports to the EU market, as the Europeans seek to rebalance their trade relationship with China, Euronews has learned.

Both started intense negotiations last June over EU and Chinese access to each other’s markets, with an October deadline set by the European Commission to reach “tanglible” results. However, China is pushing hard against the EU’s attempts to protect its market.

According to one person familiar with the matter, the Commission, which is negotiating on behalf of the 27 EU countries on trade issues, wants China to accept quotas on specific products. However, it is unclear how China would accept and respect such quotas.

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Treasury Secretary Scott Bessent appears on Sunday Morning Futures now hosted by Larry Kudlow who has replaced Maria Bartiromo.  The primary topic of the conversation is the current state of the economy.

Secretary Bessent notes we have entered the phase of prior policy implementation where the economy now accelerates growth based on former policy changes including, targeted tax reductions, capital investment prioritization and expensing, regulatory changes and direct investment.  GDP growth now looks to achieve 5% or more.  WATCH:

Oil prices are the underlying friction within the economy creating higher gasoline and diesel prices.  However, when you take the energy sector out of the inflation calculation, the current rate of wage growth is exceeding inflation.

Bessent also notes, currently the only oil not coming through the Strait of Hormuz is Iranian oil.  Other than those supplies, oil flows through the Strait are at normal levels.

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Promethean Action’s Susan Kokinda gives a good recap of Chinese Chairman Xi’s state visit, including the nuanced respect and policy alignment visible between President Trump and Chairman Xi.

In essence, the comments by Marco Rubio about putting USA sovereign policy ahead of prior USA multilateral global policy, are a baseline for Chairman Xi to pivot his own interpretations of Trump’s policy objective.  With U.S policy focused on America’s interests and Beijing policy focused on China’s interests, there is no room for conflict, only terms.

This episode argues that media outrage over a White House “autopen” joke and criticism of Trump’s summit with Xi Jinping obscures a deeper shift: Trump is dismantling a 50-year geopolitical framework associated with Henry Kissinger. It contrasts Chatham House’s “China Rising, America in Decline?” panel and its Thucydides Trap framing—linked to Graham Allison—with Xi’s evolution from posing the trap as an open question to asserting it “can be overcome” after Trump’s UN speech and claimed actions in Iran, Venezuela, the Shield of America, and the Greenland Treaty, alongside a push for reindustrialization.

The script also highlights a UN Board of Peace session on Gaza focused on reconstruction led by Gazans and a new security structure involving Muslim-country troops, presenting it as ending “outside forces” control. It notes Rubio’s permanent dual role as Secretary of State and National Security Advisor and frames his stance as reversing Kissinger’s legacy.  WATCH:

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Terms of Greenland Deal Here

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President Donald Trump delivered impromptu remarks to the media as he departs the White House this morning. WATCH:

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