King Deal now decides who can make a deal with whom. 
Truth Social Threat
Truth Social Link: If Governor Carney thinks he is going to make Canada a “Drop Off Port” for China to send goods and products into the United States, he is sorely mistaken. China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric, and general way of life. If Canada makes a deal with China, it will immediately be hit with a 100% Tariff against all Canadian goods and products coming into the U.S.A. Thank you for your attention to this matter!
President DJT
King Deal is Back
The Wall Street Journal reports Trump Threatens New Tariffs on Canada Over China
President Trump threatened a major escalation in a brewing trade war against Canadian Prime Minister Mark Carney’s government, warning that the U.S. would impose 100% tariffs on all Canadian goods and products coming into the U.S. if “Canada makes a deal with China.”
Trump wrote on his Truth Social platform Saturday that if “Carney thinks he is going to make Canada a ‘Drop Off Port’ for China to send goods and products into the United States, he is sorely mistaken.” Trump added, “China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric, and general way of life.”
Trump’s trade threats against the northern U.S. neighbor were the latest in a war of words between the Trump administration and Carney’s government over Carney’s attempt to push smaller global powers to fight back against the aggressive use of U.S. economic clout.
Trump, in his Davos address this week, accused Carney of not being grateful enough to the U.S., saying in pointed comments, “Canada lives because of the United States.” He added, “Remember that Mark, the next time you make your statements.”
On Thursday, Trump said in a social-media post that he had revoked Canada’s invitation to join his Board of Peace, a proposition Carney said he was considering but hadn’t accepted.
China is Canada’s second-largest trading partner, with two-way annual trade of roughly $80 billion—or less than one-tenth of the $1 trillion in U.S.-Canada trade over a 12-month period.
Fen Hampson, an international politics professor at Ottawa’s Carleton University, said Carney’s trade resolution with China represents a hedge in the event Canada and the U.S. can’t salvage the existing U.S.-Mexico-Canada trade pact, or USMCA, on favorable terms. That deal will be renegotiated this year, and Commerce Secretary Howard Lutnick said this week that deepening Canada-China trade relations could pose a roadblock toward a successful USMCA renegotiation.
“Canada has decided to take its gloves and play hardball,” Hampson said, adding that Canada is the U.S.’s biggest export market. “The calculation here is to really up the ante, and call it the way it is.”
Global Leadership
Understanding the Supreme Court Delay
I was pretty confident there would be a decision in January. Well, that has come and gone. The next chance now is February 20.
The conventional wisdom is the longer the delay, the more likely Trump wins.
I don’t believe that’s true.
My constitutional expert friend made this comment: “All justices have right to respond to whatever any other justice writes in an opinion. This back-and-forth can take quite a long time.“
Add to that observation, Chief Justice Roberts will want the opinion written in a way that is least upsetting to Trump as possible.
Finally, the Court may be wrestling not with the opinion itself, but the process of refunds, if any, and who controls them.
Those are three good explanations, and they can all be true.
And while I do not think threatening Canada will change the decision (because it’s already against Trump), it should matter because this is insane madness.
Perhaps it influences some of the written back-and-forth. Or perhaps it persuades a justice (hello Kavanaugh) to make the case 7-2 against Trump instead of 6-3.
November 16, 2025: What Are the Odds the Supreme Court Rules Against Trump on Tariffs?
The Supreme Court decision is not random. I discuss a framework.
My take then was 75-25 against Trump. I expect a 6-3 ruling. Click for an analysis justice-by-justice.
I am still 75-25. Nothing has changed.
January 6, 2026: If the Supreme Court Rejects Trump’s Tariffs, What Are His Options?
I count seven options Trump is likely to try. There are serious problems with all of them.
January 13, 2026: If the Supreme Court Rejects Trump’s Tariffs, How Big Might Refunds Be?
US customs trade data, compared to Trump’s Truth Social claim.
I doubt the Supreme Court takes Trump’s Canada tariff threat into consideration. But I hope they do. It’s relevant.
Related Posts
January 20, 2026: I Salute Mark Carney’s Speech About Trump at Davos. Canadians Should be Proud
Thank you Prime Minister Mark Carney!
Read the post and play the speech.
January 18, 2026: We Are Now Bearing the Poisoned Fruit of Trump’s Self-Proclaimed Morality
Trump says his own morality is the only check on his power.
We found that out long ago.
Reader Comment Addendum
Reader: The US negotiated a trade deal with China in November. Canada negotiated their deal with China in January. Of course, Canada is negotiating with as many countries as possible now. Carney has been crisscrossing the globe seeking new trade alliances since he came into office.
Mish: Thanks for an excellent observation.
To that I will add, this is why Trump needs Venezuelan oil.
But that’s not so easy is it?
January 5, 2026: How Long Will it Take to Ramp Up Production of Venezuelan Oil?
Here are responses from AI, the WSJ, and an energy investor who posts on my blog.
January 6, 2026: What Are the Odds that the US Can Successfully Run Venezuela?
History is not kind to the idea. Nonetheless, let’s investigate a current take.
January 12, 2026: Trump Is “Probably Inclined to Keep Exxon Out” of Venezuela
Trump has a hissy fit because Exxon called Venezuela uninvestable.
In the FWIW department, I think oil has bottomed. And I expect to see a strong jump higher next week on this news.
Bloomberg Free Link for 1 Week
Comments PapaDave or Anyone
US Pushes for Quickest Fixes to Boost Venezuela Oil Output
https://www.bloomberg.com/news/articles/2026-01-24/trump-pushes-quick-fixes-to-boost-venezuela-oil-output?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc2OTI4MjYyNSwiZXhwIjoxNzY5ODg3NDI1LCJhcnRpY2xlSWQiOiJUOTlVVkxUOU5KTFMwMCIsImJjb25uZWN0SWQiOiJCMjVDNTA3RkQzRDY0QTg1OEQ5ODZGQzlGRDg0RjBFQiJ9.ck-waRDBLYLrEv9i0uZgsl6G6sJSseUwJfqkAzSkIpE
Good article. Completely agree. It is possible to boost production a little bit in the next year, but we are only talking 0.3 mbpd to 0.5 mbpd in a global market of 106 mbpd. Insignificant.
Of note: when looking at the map, notice the Chinese and Russian production near Chevrons in the Orinoco belt. What happens to that?
Also of note: at current oil prices, it is unprofitable to drill new US shale wells. So US drilling is slowing down. I can’t imagine them wanting to go to the expense to drill in Venezuela where they will also be unprofitable at current prices.
Interesting to see Trump trying to get prices lower, which screws over the US oil industry.
So, he needs to reduce prices and increase them at the same time.
Which is possible in his mind.
1500% possible!
Yes I had already picked that for a title of my next post on this subject, but it did not score well, so I changed it.
I will make that point in my next article.
Drilling rigs are being pulled from the Bakken and heading to Vaca Muerta in Argentina because of drilling affordability and profitability.
I bet those US drilling company employees that are loosing their jobs are not happy.
NO DOUBT those nit wits voted for Tariff Donald by a big margin over Genocide Joe’s Gal. sometimes in life, there is karma. i think amerikans are gonna find out what running and voting for an evil warmongering empire forever can do. like mike tyson said. everyone has a plan until THEY GET PUNCHED IN THE FACE
Simple he has to increase the price of oil coming out of the ground and reduce the price of it’s refined products. Kinda like the reverse of beef, where we have low prices of beef on the hoof but very high prices of butchered beef in the store. Easy-peasy for a genius like trump.
I agree with the article for the most part as a career petroleum engineer that worked in the upstream business. The first issue is to understand business models of oil companies and service companies. An oil company takes an equity position via direct ownership or lease arrangement; then operates the field(s) making all the operational decisions. Service companies are fee for service business models doing what they are contracted to do generally with no equity position in the production. Halliburton, Schlumberger, Baker Hughes, and all other service companies do not and will not be producing oil in Venezuela, but they will have an extremely large roll making things happen via their services. Oil companies get most of their work done via service companies.
It is true that the quick return will be lift equipment replacement/repair in existing wells after verifying well integrity (no casing collapse leaks or external casing problems such as communication between permeable zones freshwater aquifers or surface). Workovers or well repairs are a bit more complicated as more materials and equipment need to be mobilized but very doable. Hydraulic fracturing will be a necessary part of treating repair wells and new completions to get production rates elevated quickly. Drilling replacement wells is much more complex and costly, potentially making the economics less attractive.
Next consideration is surface treating equipment to separate oil, gas and water. These are mainly low-pressure vessels, some fired to facilitate separation. They will need integrity testing and servicing to meet product specifications. This is labor intensive and requires taking them out of service. Natural gas processing may or may not be an issue as natural gas is usually very small component in heavy oil reservoirs. If present, then gas processing to remove H2S and water are required for safety corrosion control and hydrate prevention.
Local and long-distance oil and gas pipelines all need integrity checks, particularly if throughput is increased as that requires increased operating pressure. Incrementally cathodic protection systems are usually first to be neglected as they’re absence does not show up as problem leaks for months to years, but neglect can result in long intervals of destroyed pipeline from corrosion. Terminal storage and transfer to ships is another issue that has to be examined.
Energy systems to operate equipment need evaluation. Electric supply needs to be safe, reliable and where needed to make expansion possible. I doubt the electric distribution system has been adequately maintained.
Reservoir management is long-term issue. In one of the comments below it was mentioned that heavy oil reservoir recovery is around 10%; generally speaking, a good estimate for primary recovery. I worked two small heavy oil reservoirs in Wyoming; one was suitable for enhanced recovery operations. We used steam very successfully, but it was not without preplanning particularly for the thermal effects of heat on all wells penetrating the steam flooded zone. Heated casing can fail due to the expansion if not well supported by cement in the annulus. Thermal recovery can more than double ultimate recovery.
One other problem working in what the oilfield would identify as a boom location; demand for services, particularly early in the expansion, is very high and available supply is never at required levels resulting is confiscatory pricing. Oil prices are low and heavy crude is normally discounted due primarily to more costly transport and refining. This burdens economic decisions to proceed with all but the most robust of projects Another added cost is the price of all labor in an unsettled/unstable location with respect to basic living services and safety is work bonuses required to attract qualified workers.
Thanks
Much Appreciated.
I may use that.
Do you want to be quoted by name, assuming Dave Smith is a real name?
Mish
great info sir. thanks
Great post Dave. An expert in the field providing valuable insight.
You make a great case to say that Venezuelan oil, particularly their extra heavy oil in the Orinoco, will not be produced in sufficient quantities to make a difference in global supplies. At least, not anytime soon.
Meanwhile, Canadian heavy oil production can be increased inexpensively and quickly if needed. Incidentally, recovery rates for Canadian oil sands is 80-90% vs 10% for Orinoco oil.
Is it possible the socialists stopped investing in their oil-field maintenance and improvement because, at current prices, it simply isn’t worth it?
No. They stopped investing the cash flow and used it for social programs for the populace instead.
The US negotiated a trade deal with China in November. Canada negotiated their deal with China in January. Of course, Canada is negotiating with as many countries as possible now. Carney has been criss-crossing the globe seeking new trade alliances since he came into office. China is important to Canadian agricultural exports, and these stopped when Canada, being a good neighbor, put 100% tariffs on Chinese EVs at the request of the US.
As Carney has said, the world has changed. Canada cannot rely on the US as a stable trading partner any longer. Too bad they made the mistake of choosing to integrate their economy with the US since WW2. It will take a long time to undo that; but what other choice do they have?
Other countries are currently negotiating trade deals with China; UAE, Japan, Brazil, S Africa, Australia and New Zealand. I wonder what Trump will say to them?
I want to see Trump put 100% tariffs on Canadian oil imports, currently at 4-5 mbpd. This is the oil that midwest refiners (PADD2) use. There is no easy way for them to find a replacement for this oil.
THANKS POPPA FOR YOUR SHARING EXPERTISE. HAT TIP TO YOU
Thanks for an excellent observation.
To that I will add, this is why Trump needs Venezuelan oil.
But that’s not so easy is it?
But I cannot wish Trump does this. If the only damage was to the US, I would not care.
I wish no ill on innocent parties whether I profit from it or not.
Thanks Mish.
I could go on a long time about Venezuelan oil being an insignificant source for the next decade. Since Trump’s recent actions in Venezuela, oil production in the Orinoco Belt has declined from 520kbpd to 360kbpd. Mostly because Chinese and other foreign oil companies working there have mostly stopped operations due to the uncertainty.
It will take more than a decade to boost Venezuelan oil production enough to replace Canadian oil imports. This also requires much higher oil prices. And the reversal of north to south flows in existing pipelines or the construction of new pipelines.
Not to worry. Exxon will step up production.
Wait, what?
Q: OK, what about Halliburton. It’s chomping at the bit isn’t it?
A: Halliburton does not produce oil and never did.
Q: Well, that’s OK because Chevron will do it all, right?
A: As soon as Trump gives them free money to fix Venezuela infrastructure AND oil prices are high enough.
Q: How long will that take?
A: Isn’t this where we started?
Yep. Trump makes it sound easy. But companies need time to ascertain if Venezuela is a good long term investment before committing long term capital. It currently is not. No rule of law. No infrastructure. An unsafe environment for staff. Oil prices that do not justify the investment. And no guarantees that they can recover previous expropriation losses. Boards would be firing management that choose to go in.
Incidentally, given current recovery techniques, only 10% of Orinoco belt oil is recoverable. At current prices, we are talking about only a 29 billion barrel reserve.
It’s the Star Trek syndrome. “Make it so, number one.” And by the end of the episode the problem at hand is solved.
YOU ARE THE BEST
Thanks. It helps that I have an interest in this topic.
“Other countries are currently negotiating trade deals with China; UAE, Japan, Brazil, S Africa, Australia and New Zealand. I wonder what Trump will say to them?”
Shhhhh……
Can you keep it quiet. Trump wouldn’t know about that because it isn’t reported by Fox. Down here in Australia we are now quite glad that Trump has barely noticed us.
(Thankfully Greenland looks bigger of Mercator projection maps. And the only thing he has gone after is tariffing our penguins)
Taco probably does believe the Mercator maps.lol
Trump is proud of the parrots in Greenland (of which there are zero).
But if he learns that, he may demand Australia’s.
Wait a second. Australia only has “Little Penguins”.
You are safe for now. Watch Out New Zealand.
Canada’s economy has been integrated with that of the US since the middle of the 19th Century and not after WW II as you claim. Even in 1860 60% of Canada’s exports were going to the US and the percentage increased in the next century to 70% and then to 80%. The reason is basic proximity. It’s also why hundreds of thousands of Canadians also voted with their feet in both centuries to come to the US.
If Carney was serious he would put an 100% export tax on Alberta’s oil exports to the US to gain leverage. Think he will go for it?
I made the same suggestion when this all started almost a year ago. I said Canada’s only chance was to punch the bully in the nose to make him back off. Hit him hard and fast. Put an export tax on all energy exports, no matter how much Alberta protests.
I also said this was very unlikely and that the most likely outcome was a protracted trade war where Canada will lose more than the US on a per capita basis. Which is where we are today.
So, let’s see if Trump follows through on a 100% tariff. What is your expectation? I would like to see him do it, but I expect him to chicken out.
You misunderstand what I mean by integration. I don’t mean just “exports”. Economic “integration”, took off following the first auto pact in 1965. Parts and products can cross the border over a dozen times before final assembly. Many companies have multiple operations on both sides of the border. This continuing cross border integration has expanded rapidly into other areas. This is far harder to change than who you sell lumber to.
That type of integration is specific to one industry. Will Trump do it? I don’t know. Either way it doesn’t matter. I don’t look at what he says. I look at what he does. That goes for other actors. For example Norad is operating seamlessly as well as coordination on the shadow fleet and on Iran. The Carney speech was the typical feel-good passive-aggressive style some intellectuals like to take. It’s rife in France and something Macron would say but Carney does have the European mindset. If the Chinese deal is his idea of a strong move then he is mistaken.
Nope. Integration is across multiple industries. Not just auto.
Beyond autos, the most deeply integrated cross-border industries between the U.S. and Canada include energy, agriculture and food processing, aerospace, chemicals, and forest products. These sectors rely on tightly linked supply chains, shared infrastructure, and harmonized regulations.
Here’s a breakdown of the most integrated industries:
Industry Integration Highlights
Energy Canada is the largest supplier of U.S. energy imports, including crude oil, natural gas, and electricity. Pipelines and power grids are highly interconnected
Agriculture & Food Shared food supply chains span both countries, with cross-border trade in grains, meat, dairy, and processed foods. Many products cross the border multiple times during production.
Aerospace Major firms like Bombardier, Boeing, and Pratt & Whitney operate across both countries. Components are often built in one country and assembled in the other.
Chemicals & Plastics The Great Lakes region hosts a dense network of chemical manufacturers with integrated logistics and shared environmental standards.
Forest Products Lumber, pulp, and paper products flow both ways, especially from British Columbia to U.S. markets. Longstanding disputes over softwood lumber tariffs highlight the sector’s importance.
Mining & Minerals Canada supplies the U.S. with critical minerals like nickel, cobalt, and uranium, essential for batteries, defense, and clean tech.
Logistics & Transportation Integrated rail and trucking networks move over $2.6 billion in goods daily across the border, supporting just-in-time delivery for manufacturing and retail.
I do wish that Trump would put 100% tariffs on Canadian oil. Not to hurt anyone, which it will. But to put a lie to the fact that we don’t need Canada’s oil.
Not to forget IT — remember the Montreal firm that was going to put together the Obama care website?
Maybe MI, MN and WI would like to join Canada as a new providence. The three together would give them a geographical area similar to most of the other Canadian Providences. It would give them better healthcare and more personal freedoms than those false freedoms under the trump administration. It may also improve their economy as they could trade with China without such punishing tariffs.
Maybe. But unlikely.
Let’s put it this way, if Trump puts a 100% tariff on Canada, I would support Canada blocking oil exports and car exports to the US and demand a US apology from Trump.
I suspect Canadians would put up with the pain much better than Trump.
How would Alberta react to that?
did lots of business in alberta with oil and cattlemen who were getting into the cannabis business a decade ago. great fun people, but like most wealthy oil men. they are just like a 2 bit whore and will do anything for another shekel…….i suspect they will go wherever the shekels are higher. china, toronto, houston, midwest, makes no difference. i’m talking about the owners, not the clowns in the oil patch getting dirty and cold.
Scotty Basement is promoting a separate, independent Alberta. I know two Albertans personally, and they’re both separatists. It’s a real movement, but I doubt a majority would actually vote for it. 1st nations have come out strongly against it. Carney’s popularity in Alberta has been improving. Trump support in Alberta is at 23%. I think the referendum’s chances go down every time Trump/Basement open their mouths.
Why Alberta?
Alberta never likes anything. Danielle Smith went to Mar a lago to kiss trumps ass thinking it would appease him. She doesn’t have a clue. Carney gets it though. Which is good for Canada.
Actually, Canada can effectively get the export tariff without technically enacting it. Currently Alberta heavy oil is heavily discounted to cover the cost of transporting it to US refineries among other things. All Canada has to do is transfer custody to the US at the point the oil enters the pipeline system and demand competitive world prices and Trump cannot claim they retaliated. Canada benefits from higher net oil price and US pays for the transportation.
interesting. thanks for the info
Not just any apology… he should be made to do the Truffle Shuffle.
It’ll end up VZ’s oil to US, Alberta oil to China
Both heavy crude
By the way the recoverable portion of VZ’s oil is 10% of total
At $130/bbl maybe more…
I doubt it. You can’t get VZ oil to the US midwest’s 26 refineries. That is where most of Canada’s oil goes.
I sincerely doubt Trump knows that.
Besides, his buddy Singer owns the former Citgo refineries on the gulf that DO process VZ’s crude
Yes. You do not pick your neighbors as a land mass.
Canada and the US will are largely integrated on a north/south axis, more than any east-west axis. Things like ocean ports, navigable waters, roadway, and proximity are objective factors that inevitably mold behavior.
You can try to change behavior to row against the current, but it the end it will always be “forced”.
“There is no easy way for them to find a replacement for this oil.”
It would be relatively easy if oil companies were to make the investments needed to refine lighter domestic grades of crude. The U.S. exports (3-4mbpd) what can’t be refined in the U.S., around the same amount as it imports (3-4mbpd).
U.S. crude imports are mostly the heavier grades that many refiners were designed for back in the 1970’s, when the U.S. supply mix was much different than today. Heavier crude is more costly to refine, and those costs are passed on to the U.S. consumer.
Meanwhile, fast-forward to today: the U.S. is self-sufficient in oil supply. It would be rational to refine all of U.S. production and save on transportation costs (and now tariffs), but U.S. refineries are reluctant to make the necessary investments, despite their huge cash flow. The oil companies prefer to make stock buybacks than make these essential investments.
Total Capex spend by the oil majors is roughly $25B/year vs. around $70B/yr in stock repurchases and dividends (these are rough figures, and vary with oil prices). Sometimes these bennies to stockholders exceed free cash flow by $10B/yr or more, indicating an appetite for higher debt and leverage (as encouraged by the tax code).
So, there is a relatively easy way to replace this oil, but that would require a willingness to invest in refinery upgrades. The oil majors have the capital, but the shareholders have other priorities in our highly financialized economy.
Tariffs on Canadian crude would give the oil companies a big incentive to upgrade their refineries to process the U.S. crude production mix of today (and the foreseeable future), which they should have done anyway. The Canadian crude derives from heavy tar sands; they should stay in the ground, from an environmental and CO2 emissions perspective.
As an aside, the recently released WEF risk report has these as the top-most long-term risks facing the planet: 1. Extreme weather events. 2. Biodiversity loss and ecosystem collapse. 3. Critical change to earth systems. Canadian tar sands should stay in the ground if we take WEF’s warning seriously. It is insane that this is not happening.
What do all of these WEF attendees do when they come home from Davos? They go back to their spreadsheets to maximize short-term ROI.
By my reckoning, the U.S. oil industry has lagged current realities by at least two decades. Such is the Tragedy of the Commons.
I’ve seen these arguments before. There is no way that companies will build new refineries to accommodate light shale oil. If they were going to do that, they should have already built them. Now it is too late. Shale oil production is already peaking, and will be in decline from this point forward. No one will build a refinery that needs 30 years of operation to justify it, when the resource will be mostly gone in 10 years time.
It all depends on oil prices. Tariff and geopolitical games just add to uncertainty and discourage investment, not just in refineries but everything else.
100%Tariffs on Canadian oil is (imho) typical Trumpian theatre. This would be highly inflationary and economically destructive. He campaigned on reducing inflation and creating jobs.
Maybe he doesn’t care about consequences. He’s approaching 80. His attitude, increasingly, is “I do what I do; who’s going to stop me?”
My hope is that POTUS stops him cold. He doesn’t have the authority to circumvent Congress on tariffs, by my reading of the Constitution.
In the last paragraph, I meant SCOTUS.
Exactly PapaDave. Incrementally, the permitting process would take at least half those ten years reservoir life you mention.
Shale oil production became feasible via the development of horizontal drilling and expanded use of hydraulic fracturing (the first frac job was done by Haliburton in 1954 for Stanolind Oil). It is possible new technology will be developed to increase shale recovery to more meaningful amounts, but for now shale wells are short lived when compared to wells drilled in conventional reservoirs.
Some say the US is self sufficient in oil production, but that is a myth that will get worse with time as current reservoirs deplete and production rates fall. We currently import crude from Canada and through Gulf of Mexico ports from many countries.
What does China have?
High-speed railChina doesn’t just have high-speed rail—it basically owns the category.
If you’ve ever wished Amtrak felt like a futuristic subway system… China already lives there.
🛣️ Roads & superhighwaysAlso yes—China’s road infrastructure is massive and modern.
Traffic can be brutal in big cities, but the physical quality of the roads is generally very good.
🏥 HealthcareThis one’s more mixed—but still better than many people expect.
What China does well
What does America have 14 aircraft carriers, China only has one.
Military SpendingCategory China vs United States Annual defense budget~ China $225–250 billion vs U.S. $850–900 billion.
China: ~1 formal overseas military base + maybe a handful of support/logistics facilities.
United States: ~700–800 overseas military bases and facilities.
Why would trump hate China so much? Think he’s jealous? Do you think many Americans know the above facts? Why not?
Do you think America is a second tier country headed to third world status outside the military category that is? But our military hasn’t won a war since WW2 so what does that say? Which govt has the peoples welfare at heart? Do you think all that inexpensive high speed rail is just for the elites?
Excessive use of word of TARIFF is getting cheaper and cheaper.
People think TACO is joking on the world stage now.
Chapter 492 on how to offend your neighbors and destroy alliances.
Trump is a fuckstain!
Time to wash the sheets…
– If Governor Carney thinks he is going to make Canada a “Drop Off Port” for China to send goods and products into the United States, he is sorely mistaken.
> I get this, crude but correct, point. A pass through to prevent Tariffs into America. Doesn’t China already do this through Mexico? Don’t other Countries do this already as well?
– China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric, and general way of life.
> While possible, it’s not Trumps concern at the moment now is it? Like Greenland, if it’s bothering You personally Trump, then find a reasonable, and acceptable way to do so, and it will get done, more than likely!!
– If Canada makes a deal with China, it will immediately be hit with a 100% Tariff against all Canadian goods and products coming into the U.S.A. Thank you for your attention to this matter!
President DJT.
> The issue is with Canada allowing a pass through to the US so China can avoid the Tariffs, so in making Canada pay the Tariff makes sense I suppose, but with that being said, it would ALSO make sense with Mexico and others too, right? Can’t be hypocritical about it, and expect others to listen.
>> Trump is choosing his battles unwisely in this arena imo, but he will do what he will do. I also do not obviously know what’s going behind the scenes, but if He does, then maybe let the rest of us know too… if possible obviously. Strange approach towards Canada, but who truly knows what’s going behind those curtains…
>>> That Davis speech was outstanding!!
Yes. Carney’s Davos speech was outstanding! Too bad Trump’s was a shit show.
a side note Realtor friend (homes) on the SW coast of FL stated to me this last week that buyers from Canada have all but evaporated
Sellers from Canada are abundant.
Duh!
“Exceptional countries have no friends because they have no equals, they can only have clients; but clients have to be fed or coerced.” (Patrick Armstrong)
What country are you referring to as exceptional?
Maybe China and they’re feeding the hell out of their clients. They are smart what makes us so dumb?
It’s seems as though America hates the world. Correct that to “America hates the world”. Why I wonder?
Our bloviating TACO president promised 90 deals in 90 days, all we got were a couple frameworks for negotiation. Carney stated in his Davos speech, “We have signed 12 other trade and security deals on four continents in six months.” All of TACO’s trade ‘progress’ has been via coercion, not negotiation and nothing has the consent of congress so it could all be thrown in the trash bin come January 20, 2029.
EPSTEIN FILES WILL DROP IN 3,2,1, PEDERAST porno films, might be a nice clean distraction from the unfolding civil war and gold and silver to the moon versus the amerikan peso. all evil empires crumble in a pile of worthless currency and tons of misery.
Expect another taco by trump as he can only make threats unless it is against totally defenseless and helpless entities.
China is laughing at Pedo Boy and buying up all the worlds strategic metals while El Blowhard Bloviates…
Police chief defies ICE as agents try to block local cops from latest Minneapolis shootingTHIS DOES AFFECT ECONOMICS. SILVER AND GOLD TO THE MOON WHEN AN EVIL EMPIRE DESCENDS INTO CIVIL WARFARE
They cancelled the NBA game this afternoon in Minneapolis because the streets are erupting
who watches sportsball besides little boys and girls?
100 times more people watch sports than read the news. Sad state of affairs.
Germany may be asking Trump to give them back the gold they have stored in the US, (Fort Knox?) but it may not be there anymore… https://www.theguardian.com/world/2026/jan/24/repatriate-the-gold-german-economists-advise-withdrawal-from-us-vaults
Interesting.
great point. i took a tour of the sub basement in the NYFED in late 90s where the worlds countries had stored gold bars, in garage like vaults with no country names on them. i believe a few smart countries have requested their gold the past few decades with very slow responses by US gov. i think they stopped the tours after 9.11.01. if i was a sporting man, i’d wager the donald is gonna keep that gold for his family or the amerikan oligarchs use. only place i have seen tons of gold was at the winter palace, the hermitage, in leningrad. i would think that gold and silver might go parabolic in the next few years as they did when the USSR and iron curtain countries were crumbling under their evil empire.
I would be worried my holdings of US bonds would not be paid upon maturity as well.
Bond has reached maturity – no problem – hold onto the worthless paper.
It took nearly two years to bring the last tranche back.
Part of the 75 year US institutional alliance and trade agreement system was that our allies buy US debt. With the chaotic dissolution of established trade agreements and more recent feckless territorial demands, our former allies are dumping US debt, and at a significant rate, affecting the US debt market via higher interest rates and lessening money supply growth and liquidity for the equity markets to sustain and further grow valuations. The short term trend for the 30 year bond and 10 year note has been higher interest rates for the last 14 weeks. After Davos, watch for a sudden significant delta rise in US interest rates. An equity crash and real economy aftermath recession will soon follow.
MN DOES BORDER CANADA………THIS MIGHT GET A LITTLE interesting, IN OUR CRUMBLING EVIL EMPIRE. BREAKING – A self-described antifa general in Minneapolis is urging people to arm themselves against the federal government following the defensive shooting of a man by CBP. gold and silver to the moon.
“It’s time for boots on the ground. I’m not talking about protest. Get your guns.” https://x.com/Rightanglenews/status/2015140208363090259
The main question in the recent incident is whether it was really a “defensive shooting”.
Regardless though, this video appears to be a dramatic escalation that may lead to more deaths.
nope. the main question is will the ongoing crumbling evil empire keep descending into more and more of a civil war, now that trump has declared war on amerikan people and amerikan citizens.
besides his declaring war against the entire world except our bitch and poodle, israel.
video of guy shot in Mpls
he was filming, ICE pushed another woman and he tried to intervene, had his hands in air in the open, assaulted by 2 officers, then more came, dog piling him, you can see his hands on the ground in front, not reaching for his gun, the ICE officer in the grey coat grabbed his gun and ran off, then the guy was shot 9 times
headline–unarmed man shot by ICE, or disarmed arm shot by ICE
video
https://bsky.app/profile/muellershewrote.com/post/3md734e3yo223
1st, 2nd and 4th amendment being
GESTAPO IS CHEERED BY SO MANY AMERIKANS. DEMOCRACY WORKS. ASSHOLES ELECT ASSHOLES. HAT TIP MUSSOLINI AND HITLER AND PLATO
Will be interesting to see if the MAGA movement finally completely bifurcates over this terrible tragedy today.
This wasn’t some liberal, gay, suburban mom driving a SUV in the general direction of a federal agent. This was a red-blooded American male (with no criminal record) card-carrying gun owner that was just shot multiple times while prone in a public street because he had a legal gun on him.
And he’s also already been called a ‘domestic terrorist’ by Trump officials. This may be the moment MAGA has to finally put up or shut up with Trump’s policies. If you exercise your constitutional 2A rights, you may be next. And the current administration may say you deserved it. Wait until the next Democrat administration gets into power to see what they do with your 2A rights.
Watch out below!
another site for the video
https://www.reddit.com/r/law/comments/1qlvpbr/footage_of_the_grey_coat_officer_retrieving_the/
Wonder what MAGA would say if the man/boy killed today was Kyle Rittenhouse? I’m eager to hear the mental gymnastics to justify any difference.
I hope the person this platoon of ICE agents was there to arrest is actually guilty of something worthy of another American dying.
Murderers.
I see no evidence this guy threatened anyone or ever pulled his gun out.
Something something…. 2nd amendment…
Waiting anxiously for MAGA degenerates to defend this murder
nice write up mish. keep it up. you are quick on the latest news in the crumbling evil empire, aka pax dumbfuckistan, aka idiocracy. pro tip. democracy works. hat tip plato. assholes will elect assholes. trump and biden are assholes, like their voters.
My opinion of course trade war with Canada is foolish.
Regarding Venezuela I do not think that the story is over meaning chaos is on the way. Keep your eyes on the colectivos.
Creating chaos in countries that do not bend the knee to Uncle Sam is the best that America can do; they can’t win wars so they just weaken non compliant governments.
As a Canadian I am proud to have a non compliant government, and will gladly have a lower standard of living and a higher level of self respect.
U.S. Automakers’ Foreign Troubles Now Extend to Canada
U.S. trade policy has devastated the Canadian auto industry and pushed the country to reach an agreement that will make it easier for Chinese companies to sell cars there.
U.S. Automakers’ Foreign Troubles Now Extend to Canada – The New York Times
The advantage is that they can import lower cost automobiles (deflation) now to make up for anything else that costs more.
Oil drilling rig counts in Canada are going up quickly as they prepare to export their oil to China and tell Trump to go fuck himself. Bullies get kicked in the nuts, it’s that simple.
And when that doesn’t work what then? Hold his breath? Stamp his tiny feet?
our own President Veruca asalts!
I don’t know if there’s a better example of how unfit he is for office. This doesn’t require a medical diagnosis or an MRI.
He lacks the essential maturity of an adult. His behavior is that of an active alcoholic – perpetually angry, incredibly paranoid, the thinnest skin you’ll ever see, and the ultimate narcissist.
What‘s mad is that there are Americans who think Trump‘s tariff threats are not mad.
democracy works perfectly. there were amerikans dumb enough to believe raygun, bush and clinton crime families and biden and obama crime families and trump crime families. democracy works. dumbfucks elect dumbfucks and grifters. hat tip plato
Trump better be careful, if he crashes the US financial system the US elites will remove him just like Nixon. There are no shortage of criminal actions to impeach him for. And there is always the 25th.
SCOTUS will constrain his “emergency” tariff power in some fashion.
Canada will do fine, Carney holds a strong hand. He knows if Canada is hurt hard economically so will the U.S. and Trump’s hold on power is getting precarious. Plus Japan and China not to mention the other Asian tigers will buy their natural resource output. Short term pain perhaps.
Don’t we all know he is going to chicken out again? Markets won’t like that. He needs a muzzle or his handlers need to control him somehow.
They need to yank Steven Miller’s arm out of the sock puppet and give someone else a turn.
Canada is the on and off again drug addicted, money laudering black sheep, perpetual college student studying basket weaving petty theif of the family that lives at home in the basement with a separate entrance who gets to attend Thanksgiving dinner. He spouted off at the table. We (the United States) tolerate its behavior because it (them. their, they) is family. Trump, as head of the family, warned him he was about to get evicted from the basement if he continued. He yelled and screamed and went back to the basement from where he came. All the while, Trump saying to him to get better freinds and make better choices. While the head of the family was telling him he should be more like the invited guest Poland. Often people forget that countries are often like families and we the United States love them and want the best for them. Canada you can do better.
God you are bleeping ignorant
he’s a troll. i know there are retards on the intertubes, but i don’t think he was special needs, just trolling. maybe i’m wrong. the dumbfucks who voted biden and trump are all dumbfucks, so perhaps he is for real. democracy works. always has. always will.
Instead of calling me names you could write something of a better analogy. Let talk about why most Canadian can not afford housing because the influx of migrants and chinese purchasing real estate. Let talk about the all the drug precursor for fetanlyl that Canada imports or let’s talk about the refusal to let one provience develop its resources that it wants to leave or lets talk about where Canada does trade; the US. The simple fact is Canada wants to align itself with communist and liberals in Europe. While it has the biggest and best trading partner at its door.
Wants to align itself with communists? It seems to me there is not much choice. Canada needs a market for it’s resources. Trump has made it virtually impossible to retain sovereignty and deal with the US. They are not just going to sit there and cry.
and what is so great about an analogy?
…also Mish is right.
Comments on this blog range from very insightful and well reasoned to partisan and to just plain ignorant. This comment extends the range beyond ignorant into plain bonkers. Not an easy task, well done
Masterful kookery indeed.
yep, he sure set the bar high.
My God, you’re dumb. I didn’t get past word number eight before I realized you’re just a raving lunatic.
Next time, don’t bother saying that much because no one’s going to listen. You’re wasting time
might have been abused by his father for years and years, and maybe still. it reads like a cry for help from a retard who is scared.
Seem there was enough energy and time again to call names in this echo chamber. It amazes me that all these comments talk about intelligence but dont come up with a reliable solution to a real issue. For the world to grow, we need reliable power and energy but it seems that Venezuela is some how more reliable than Canada. It maybe easier to overcome Venezuela politics than Canada’s. This is a time when the younger generations realize that the old ideals are just a coverup for political graft and selling their future down the drain. Canada politics dont want to let them prosper unless it benefits them.
I think your AI app had a hallucination.
Spelling bud, thief and friends, it’s i before e. Did you go to school?
Markets are closed is why he chose today then it will be TACO Tuesday like always. What a pathetic president!
New day, new Trump threat. 1061 to go.
THE scotus and constitution is a NON binding resolution. those twats codified torture and extra judicial executions of amerikans. trump is a twat by threatening canada. democracy works. amerikans are twats. not really too complicated. unless you are 12 years old and have not been paying attention the past few decades.
The Courts have to rule against Trump regarding the Tariff threats or else it will become a financial disaster for Canada. With 75% of Canadian trade being with America today there is no way Canada could quickly find alternative trading partners of that scale. American Tariff Wars to now even crush American Allies?
Blowing up Gas Pipelines from Russia to Europe to make Europe dependent on that higher cost gas shipped from America. Tariff is easier without blowing up anything.
I think you should accept, as your Prime Minister has, that you are screwed in this relationship. And yes, it will take time to find alternative trading partners. But you have no choice. Which is why Carney, a former financier and central banker, is working every connection he has, and working hard and fast to find those alternatives. You will have to be patient though. As you say, this won’t happen overnight. But at least you’ve got the right guy leading you. The other guy was a career politician who never had a real job as far as I know. He would be so far out of his league here, that you would probably become the 51st state before Trump’s term was over.
Is this another one of those “national emergencies” too? Lol. This guy is a joke. SCOTUS better stop this clown or the republic is over this year instead of 2030. Won’t make a difference to me but you guys can at least have 4 more years to prepare.
Got exit strategy?
prepared for this decades ago. the crumbling evil empire was so easy to see. 9.11.01 and the response was the nail in the coffin. democracy works. amerikans are assholes.
Americans are no different than other people. Their current context makes them often isolated, lonely and therefore in pain. And from my observation living in both the USA and Europe, this process of isolation has progressed much further in the USA. I don’t know how to reverse it, but I do think it’s a strong driver of these anger driven politics.
I disagree. Americans are assholes. And many of us are very proud of that and many of us are very embarrassed.
It depends on whether you believe in American exceptionalism and our manifest. Destiny or a more global concept taught to us in the 1940s. We can destroy humanity and civilization without even trying. It takes effort not to do that. On that, we are failing.
yup. it’s not in the DNA. it’s time and place. the assholes who voted mussolini from my homeland were assholes. now it’s amerikans turn. all these puppies hate to look in the mirror. dual citizen of italia and pax dumbfuckistan. mussolini 2028
the last crowd in europe to VOTE for world wide imperial warfare was hitler and mussolini and of course the romans way back. queen isabella did not put up to vote for her imperial warfare………
Or her Inquisition.
I am not a patriot, but for the first time this century I am proud enough of my prime-minister to hang a flag in my window.
Any politician that can deride the “rules based order” and stand up to the bully next door has my support.
hear hear
You should be proud. Carney impresses me. Maybe because he was never a “politician”. You elected the right guy. Heck if I was Canadian, i would vote for him. And I have never voted, because there was never anyone worth voting for. This guy is worth my vote.
Never voted, huh? Must be great to live above the world.
It’s a choice. I encourage everyone to vote if they have a good reason to. When someone worthwhile comes along, I may vote. Maybe I will write in Mish for President.
just vote libertarian or green for federal offices. not perfect, but 1000000000000 X better than uniparty blue and red team cunts. this is an adult blog. yes.
It would be futile. The two party system doesn’t allow for other parties.
Best speech I’ve seen from any politician from ANY country I’ve seen in a long time.
Australia shares alot in common with Canada (our recent economic paths have been quite similar too.) But we’ve had spineless politicians for decades.
I liked his “middle powers” point. Individually, they get run over by the major powers. But collectively they can fight back. And they can choose which issues to get together on. Different issues, different groups of middle powers working together.
And he said it all so eloquently! The comparison to Trump speaking is striking. Complete opposite ends of the spectrum.
The entire speech was one for the ages.
Trumps intonation and sentence structure are incredibly annoying, the facts he spouts such crap just intensifies the misery of listening to him,
fortunately my tv has an off button which see’s frequent use, especially if Trump, Bessent or Miller make an unwelcome appearance.
Lol, mine too.