Business
BREAKING ALERT: Trump Threatens 25% Tariff on All Goods From Canada and Mexico, Cites Flood of Fentanyl and Illegal Migrants
In a stunning announcement Monday, President-Elect Donald Trump vowed swift action to combat what he described as a surge in fentanyl trafficking and illegal migration at the U.S. borders with Mexico and Canada.
Trump pledged to impose a 25% tariff on all imports from both countries, citing their alleged failure to address the crises. He announced the policy would be enacted through an Executive Order on January 20, the day he officially takes office.
“Thousands of people are pouring through Mexico and Canada, bringing Crime and Drugs at levels never seen before,” Trump said in a statement. He singled out an incoming “unstoppable” caravan from Mexico as emblematic of what he described as the failures of both neighboring countries to address the crisis.
“This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” Trump posted on his Truth Social platform.
The backdrop to Trump’s shocking policy against Canada—long perceived as a strong ally of the U.S.—includes a recent high-profile case against TD Bank in the United States, resulting in a multi-billion-dollar fine. Months prior to Trump’s announcement, David Asher, a former Trump administration official and consultant on DEA investigations related to the TD probe, told The Bureau that U.S. investigators believe the “command and control” for the fentanyl money-laundering networks allegedly cited in the TD case leads directly to Toronto and Vancouver.
These networks—according to Asher—involve transnational Triads laundering cash from fentanyl distributed in America by Mexican cartels, who source their precursors from China.
In an exclusive interview with The Bureau, Asher criticized the Canadian government for inadequate cooperation in broader fentanyl-trafficking and Triad money laundering investigations, pointing to gang leaders in Canada with alleged ties to Beijing. Asher suggested that possible political and financial influences are hampering effective law enforcement in Canada.
“The key thing is the Canadian connection, and in almost all the investigations as far as money laundering, we saw the command control seemed to go back to our network analysis. When we seized their phones, we’d see Canada light up like a Christmas tree, especially Toronto, and also British Columbia,” Asher said.
Regarding allegations that Triads in Toronto and Vancouver are running fentanyl money-laundering networks for Mexican cartels, Asher added: “The question is, what does the Canadian government know, and why haven’t they tried to judicially prosecute?”
Asher emphasized that the failure to disrupt these networks is contributing to the ongoing fentanyl crisis, which claims tens of thousands of lives annually in the U.S. and Canada.
Furthermore, Asher disclosed that U.S. Congressional investigators allege the People’s Republic of China is not only incentivizing fentanyl precursor exports but also methamphetamine sales.
The tariff, Trump emphasized, will remain until Mexico and Canada take what he called their “absolute right and power” to stop the flow of illegal drugs and migrants.
“We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price,” Trump declared.
The announcement has already sparked sharp reactions from political leaders and trade experts. Critics warn that such sweeping tariffs could disrupt North American trade agreements and exacerbate economic tensions with key allies.
This is a developing story. Stay tuned to The Bureau for updates.
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The Canadian Taxpayers Federation is calling on the federal, Ontario and municipal governments to publicly reject subsidizing a new arena for the Ottawa Senators.
“Politicians need to stand up for taxpayers and tell the Ottawa Senators’ lobbyists NO,” said Noah Jarvis, CTF Ontario Director. “Prime Minister Mark Carney, Ontario Premier Doug Ford and Ottawa Mayor Mark Sutcliffe all need to publicly reject giving taxpayers’ money to the owners of the Ottawa Senators.”
The Ottawa Citizen recently reported that “the Ottawa Senators have a team off the ice lobbying federal and provincial governments for funds to help pay the hefty price tag for a new arena.”
The Ottawa Senators said they don’t intend on asking the city of Ottawa for taxpayer dollars. However, the Ottawa Citizen reported that “it’s believed Senators’ owner Michael Andlauer would like a similar structure to the [Calgary] arena deal.” The Calgary arena deal included municipal subsidies.
As of December 2024, the Ottawa Senators were worth just under $1.2 billion, according to Forbes.
Meanwhile, both the federal and Ontario governments are deep in debt. The federal debt will reach $1.35 trillion by the end of the year. The Ontario government is $459 billion in debt. The city of Ottawa is proposing a 3.75 per cent property tax increase in 2026.
“Governments are up to their eyeballs in debt and taxpayers shouldn’t be forced to fund a brand-new fancy arena for a professional sports team,” said Franco Terrazzano, CTF Federal Director. “If the owners of the Ottawa Senators want to build a fancy new arena, then they should be forced to fund it with ticket sales not tax hikes.”
From the Fraser Institute
By Jake Fuss and Grady Munro
The number of Canadians donating to charity—as a percentage of all tax filers—is at the lowest point in 20 years, finds a new study published by the
Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“The holiday season is a time to reflect on charitable giving, and the data shows Canadians are consistently less charitable every year, which means charities face greater challenges to secure resources to help those in need,” said Jake Fuss, director of Fiscal Studies at the Fraser Institute and co-author of Generosity in Canada: The 2025 Generosity Index.
The study finds that the percentage of Canadian tax filers donating to charity during the 2023 tax year—just 16.8 per cent—is the lowest proportion of Canadians donating since at least 2003. Canadians’ generosity peaked at 25.4 per cent of tax-filers donating in 2004, before declining in subsequent years.
Nationally, the total amount donated to charity by Canadian tax filers has also fallen from 0.55 per cent of income in 2013 to 0.52 per cent of income in 2023.
The study finds that Manitoba had the highest percentage of tax filers that donated to charity among the provinces (18.7 per cent) during the 2023 tax year while New Brunswick had the lowest (14.4 per cent).
Likewise, Manitoba also donated the highest percentage of its aggregate income to charity among the provinces (0.71 per cent) while Quebec and Newfoundland and Labrador donated the lowest (both 0.27 per cent).
“A smaller proportion of Canadians are donating to registered charities than what we saw in previous decades, and those who are donating are donating less,” said Fuss.
“This decline in generosity in Canada undoubtedly limits the ability of Canadian charities to improve the quality of life in their communities and beyond,” said Grady Munro, policy analyst and co-author.
Generosity of Canadian provinces and territories
Ranking (2025) % of tax filers who claiming donations Average of all charitable donations % of aggregate income donated
Manitoba 18.7 $2,855 0.71
Ontario 17.2 $2,816 0.58
Quebec 17.1 $1,194 0.27
Alberta 17.0 $3,622 0.68
Prince Edward Island 16.6 $1,936 0.45
Saskatchewan 16.4 $2,597 0.52
British Columbia 15.9 $3,299 0.61
Nova Scotia 15.3 $1,893 0.40
Newfoundland and Labrador 15.0 $1,333 0.27
New Brunswick 14.4 $2,076 0.44
Yukon 14.1 $2,180 0.27
Northwest Territories 10.2 $2,540 0.20
Nunavut 5.1 $2,884 0.15
NOTE: Table based on 2023 tax year, the most recent year of comparable data in Canada
Generosity in Canada: The 2025 Generosity Index
- Manitoba had the highest percentage of tax filers that donated to charity among the provinces (18.7%) during the 2023 tax year while New Brunswick had the lowest (14.4%).
- Manitoba also donated the highest percentage of its aggregate income to charity among the provinces (0.71%) while Quebec and Newfoundland and Labrador donated the lowest (both 0.27%).
- Nationally, the percentage of Canadian tax filers donating to charity has fallen over the last decade from 21.9% in 2013 to 16.8% in 2023.
- The percentage of aggregate income donated to charity by Canadian tax filers has also decreased from 0.55% in 2013 to 0.52% in 2023.
- This decline in generosity in Canada undoubtedly limits the ability of Canadian charities to improve the quality of life in their communities and beyond.
Jake Fuss
Director, Fiscal Studies, Fraser Institute
Grady Munro
Policy Analyst, Fraser Institute
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