Metaneos

Trump promises 25% tariff on Mexico and Canada, extra 10% tariff on China  I've written prior on my belief we should return to a tariff system and do away with current trade agreements. I don't agree with a lot pundits out there calling tariffs "regressive" or whatever else. It's an economic system that benefits financial corporations at the expense of national industry and to protect Canadian labor, we never should've into the "Free" Trade agreements we had unilaterally imposed upon us by successive Liberal and Conservative governments. Anyway, the reality of Trump Tariffs is they're coming in. Canada will need to match these tariffs, because Trump is going to unilaterally impose them. Trudeau can't appear weak, so he'll have to match each tariff. And to offset the costs of tariffs, Canada will have to kill the GST/HST, which they're actually already doing, albeit temporarily for other reasons. But GST/HST were imposed upon Canadians...

 Welp, the Democrats lost big-time. Harris lost to Trump and it wasn't even close enough to bother with contesting it. Why? Who knows. There'll probably be any number of reasons developed: third parties, racism, and so on, and some of those reasons may even be relatively close to the truth. But what is true is Joe Biden didn't really do Harris any favors with his lack of action on combating inflation. He left it all up to the central bankers and they have exactly one tool for targeting inflation —raising interest rates— and this tool really isn't the best tool available for bringing inflation down in a hurry (it's taxes. Taxes are the best tool for combating inflation but no politicians ever speak about this). It basically took Biden's entire term for interest rates to finally go below 3%, and with that, Biden also probably would've lost the election, because average people are feeling the effects of the cost of living. It's basically a crisis out there ...