Due to Donald Trump’s rhetoric about annexing Canada, far-left, ESG-loving Canadian Prime Minister Mark Carney is aggressively seeking new trade partners. However, the problem is that Europe, Australia, New Zealand, and even many Asian countries are struggling with massive inflation caused by excessive government spending.
It’s not that these trade deals can’t work, and it’s not that Canadian energy shouldn’t have multiple destinations. The issue is that Carney’s strategy will cause prices in Canada’s domestic economy to skyrocket. Every country he’s negotiating with charges significantly higher prices for goods and services than the United States does.
The only major economy with consistently lower prices than America is China. In reality, if it weren’t for existing Canadian tariffs on U.S. imports, the cost of goods and services in Canada would already be much lower.
On top of that, most of Carney’s new trade partners are fully committed to ESG policies—essentially a tax. Europe, for example, imposes a Value Added Tax (VAT), which is a major factor behind its high cost of living and stagnant economy.
Canada, take note—this path leads to higher costs and economic trouble!