Business
Will Trump’s ‘Liberation Day’ Tariffs End In Disaster Or Prosperity?

From the Daily Caller News Foundation
By J.D. Foster
“Liberation Day” has come. So what does it mean? Beats the hell out of me.
What we know is that President Trump’s avalanche of tariffs was to hit a peak on April 2; not end, mind you; not necessarily “the” peak, as more could be on the way; but a peak.
No Trump policy more completely breaks with America’s past than his “beautiful” tariffs on just about everything coming into the United States from just about anywhere.
Will this new policy liberate American manufacturing from foreign shackles? Will it usher in a new era of prosperity, keeping in mind the United States had for many years the consistently best-performing economy in the industrialized world, even overcoming the many inane obstacles erected by the Biden-Harris Administration?
Or will it leave the United States isolated, friendless, and weakened?
The correct answer at this point is no one knows, not even the bloviating talking heads on TV confidently predicting demise or Shangri-la.
Think of it this way. Suppose you’re a restaurant chef and a woman hands you a new recipe. Her father turns 75 soon and they want to have a party at the restaurant. The recipe is for the father’s favorite dish, one her mother made for years.
The recipe looks old, with odd ingredients and processes you’ve not seen before. Now judge it as a chef.
You can’t. Even as you start chopping and dicing, mixing ingredients as instructed, you’re not too sure how this is going to turn out. You have to wait until the dish is on the plate and taste it.
That’s the case with Trump’s tariffs. How will this all turn out? It’s too soon to tell.
The stock market sure doesn’t like it, but why should it? The investor class doesn’t understand this any better than you do. What they do understand is this new policy has upended assumptions and created enormous new uncertainties. We know that dish as those ingredients are always good for a big pullback.
Much of the confusion arises because we don’t know the underlying policy and likely this uncertainty is intentional. Trump likes keeping his counterparts, in this case our trading partners, guessing. If it means Americans are confused for a bit, Trump’s cool with that. Breaking eggs to make an omelette. It will pass and America will be great again afterward. Bon appetite.
If the core policy is to erect massive and mostly permanent tariff walls behind which American firms can hide, then we know how this will turn out: America, meet the dustbin of history.
If the core policy is to force our trading partners to deal with America fairly by reducing their trade barriers after which Trump will remove his tariffs, then this could turn out very well. Tariffs (and non-tariff barriers) in the U.S. and those of our trading partners would fall, reinvigorating the free trade that has energized prosperity for decades.
Which is it? Walls and doom or freedom and prosperity? Again, too early to tell.
Whatever else Trump does in his second term, these tariffs will define his presidency, akin in consequence to Ronald Reagan’s pro-growth tax cuts and Joe Biden’s inflation.
Trump in his second term clearly lives by the saying, “go bold or go home.” He’s got “bold” down pat. We will see over the next year or so whether he and the Republicans go home. Has he liberated Democrats from any fear of Republicans in the mid-terms or in 2028, or he’s liberated America from any fear of Democratic socialism and wokism returning in our lifetimes. The chips are all-in. Soon we will see the cards. Uncertainty, indeed.
JD Foster is the former chief economist at the Office of Management and Budget and former chief economist and senior vice president at the U.S. Chamber of Commerce. He now resides in relative freedom in the hills of Idaho.
Business
Bill C-8 would allow minister to secretly cut off phone, Internet service

From the Canadian Constitution Foundation
“I worry that this law could be used to secretly cut off political dissidents from their phone or Internet service on the pretense that they may try to manipulate the telecom system”
The Canadian Constitution Foundation is concerned about the civil liberties implications of the Carney government’s proposed cyber security bill, C-8, which would allow the minister of industry to secretly order telecommunications service providers like Telus, Bell and Rogers to stop providing services to individual Canadians.
The minister would be allowed to make such an order if she has “reasonable grounds to believe that it is necessary to do so to secure the Canadian telecommunications system against any threat, including that of interference, manipulation, disruption or degradation.”
An individual who does not comply, including by failing to keep the order secret, could face fines of up to $25,000 for the first contravention and $50,000 for subsequent contraventions. Businesses could face fines of up to $10 million for the first contravention and up to $15 million for subsequent contraventions.
The orders would remain secret indefinitely, with the minister required only to present an annual report to Parliament on the number of orders made and her opinion on their necessity, reasonableness and utility.
CCF Counsel Josh Dehaas said that the power to cut off the Internet or cellphone service of Canadians is a “very serious power that requires very strong safeguards, which are presently lacking in the bill.”
“While this power may be necessary in some cases to prevent cyber attacks, it also poses serious risks to civil liberties,” Dehaas said. “I worry that this law could be used to secretly cut off political dissidents from their phone or Internet service on the pretense that they may try to manipulate the telecom system,” Dehaas explained. “Such an action would violate our most cherished freedoms including free speech.”
CCF Litigation Director Christine Van Geyn said that the government cannot be trusted with such a power unless proper safeguards are in place.
“You may think that the idea of the government cutting off political dissidents from the necessities of life sounds far-fetched, but that’s exactly what happened during the 2022 Freedom Convoy protests in Ottawa,” she said. “The federal government ordered banks to freeze hundreds of bank accounts without any judicial authorization, cutting protesters off from their money in the middle of a very cold winter.”
“Although the Federal Court agreed with the CCF that freezing bank accounts this way violated the constitutional right to be secure against unreasonable searches and seizures, that kind of damage isn’t easily repaired,” Van Geyn added.
Ottawa has appealed the Federal Court’s finding. The CCF is awaiting a decision from the Federal Court of Appeal.
Dehaas said that Parliament should consider requiring either judicial pre-authorization or an immediate, automatic judicial review of any decision to cut off an individual or business from their Internet or phone.
The CCF is also concerned that Bill C-8 would allow the minister to weaken telecommunications companies’ encryption standards, allowing for unconstitutional access to Canadians’ private information.
Finally, the CCF is concerned that the bill could allow the minister or any person designated by the minister to engage in unconstitutional searches.
Joanna Baron, the CCF’s Executive Director, said that Canadians must be vigilant about their constitutional rights and freedoms because they can be easily taken away, especially in times of crisis.
“I would encourage Canadians to fight for their freedoms, whether it’s by taking the CCF’s free privacy course, signing up for our weekly Freedom Update newsletter or becoming a monthly donor,” Baron said.
“Concerned Canadians are also encouraged to write to their MPs using our form letter, to tell them to amend these bills to ensure Canadians’ rights to privacy and free expression are protected,” Baron added.
Alberta
Taxpayers: Alberta must scrap its industrial carbon tax

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Carney praises carbon taxes on world stage
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Alberta must block Carney’s industrial carbon tax
The Canadian Taxpayers Federation is calling on the government of Alberta to completely scrap its provincial industrial carbon tax.
“It’s baffling that Alberta is still clinging to its industrial carbon tax even though Saskatchewan has declared itself to be a carbon tax-free zone,” said Kris Sims, CTF Alberta Director. “Prime Minister Mark Carney is cooking up his new industrial carbon tax in Ottawa and Alberta needs to fight that head on.
“Alberta having its own industrial carbon tax invites Carney to barge through our door with his punishing industrial carbon tax.”
On Sept. 16, the Alberta government announced some changes to Alberta’s industrial carbon tax, but the tax remains in effect.
On Friday night at the Global Progress Action Summitt held in London, England, Carney praised carbon taxes while speaking onstage with British Prime Minister Keir Starmer.
“The direct carbon tax which had become a divisive issue, it was a textbook good policy, but a divisive issue,” Carney said.
During the federal election, Carney promised to remove the more visible consumer carbon tax and change it into a bigger hidden industrial carbon tax. He also announced plans to create “border adjustment mechanisms” on imports from countries that do not have national carbon taxes, also known as carbon tax tariffs.
“Carney’s ‘textbook good policy’ comments about carbon taxes shows his government is still cooking up a new industrial carbon tax and it’s also planning on imposing carbon tax tariffs,” Sims said. “Alberta should stand with Saskatchewan and obliterate all carbon taxes in our province, otherwise we are opening the door for Ottawa to keep kicking us.”
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