If you can’t control what another country does, you can at least control how you prepare your own nation to compete and prosper. On that front, Justin Trudeau has failed miserably.
While some are trying to pin the blame on Justin Trudeau for not stopping Trump’s steel and aluminum tariffs, the truth is that nobody really has any influence on Trump, not even his own advisers. It is both a strength and a weakness of Trump’s that he is unpredictable.
So, Justin Trudeau is not to blame for Trump’s tariffs.
That said, Trudeau is certainly to blame for the fact that Canada is now facing off against the US from such a weakened competitive position.
While the US took steps to make it easier for businesses to grow, create jobs, and succeed, Justin Trudeau has been busy imposing a carbon tax, expanding bureaucratic regulations, cancelling energy projects, nationalizing a pipeline (while giving billions of our tax dollars to a US company), and talking about ‘gender budgets.’
Predictably, the consequence has been businesses and investment fleeing our country by the billions of dollars.
Ironically, despite his newfound tough stance vs the US, Justin Trudeau has been the best friend the US could have economically, since his policies have sent billions of dollars of investment south, along with thousands of jobs.
And it just keeps getting worse.
The competitive gap between the US gets worse every time the carbon tax goes up – and it’s going up every year. It also gets worse every time the government adds regulations, cancels an energy project, or makes it tougher to get projects approved.
And yet, despite being warned about that, and despite the endless list of credible businesspeople saying Canada is facing an investment collapse and a competitiveness crisis, Trudeau keeps doubling down on his failing approach.
This has resulted in the devastation of our ability to compete economically with the US.
Because of that, Canada is in a weaker negotiating position with the US. While our close relationship with many US states provides us with some significant leverage, that leverage is weakened by the fact that our wealth is starting to flow out of our country and into the US. When given the choice between the high-tax, heavy-regulation environment being imposed by Trudeau, and the low-tax, more hands-off approach in the US, businesses are understandably picking the place where they can grow more easily.
That is something Trudeau could directly control, by scrapping the carbon tax, reducing regulations, and sending a message that Canada is truly open for businesses.
Instead, he is refusing to give our country the ability to compete, and that is something he certainly can – and should – be blamed for.
Photo – YouTube