Business
Trump raises China tariffs to 125%, announces 90-day pause for countries who’ve reached out to negotiate

MxM News
Quick Hit:
On Wednesday, President Donald Trump announced an immediate increase in tariffs on China to 125%, citing “a lack of respect” toward global markets. At the same time, he approved a 90-day pause and tariff reduction for over 75 countries that have engaged with the U.S. on trade reforms.
Key Details:
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Trump said the dramatic tariff hike on China is meant to send a clear message: “the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.”
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The president added that over 75 countries have reached out to the U.S. Departments of Commerce, Treasury, and the U.S. Trade Representative (USTR) to negotiate on issues including trade barriers, tariffs, and currency manipulation.
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As a goodwill measure, Trump authorized “a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” noting that these countries had not retaliated against the U.S. despite strong prior warnings.
Diving Deeper:
President Donald Trump on Wednesday took a major step in reshaping the global trade landscape, announcing via Truth Social that he is raising tariffs on China to 125% effective immediately. Trump attributed the decision to “the lack of respect that China has shown to the World’s Markets,” and said it is time for Beijing to face consequences for its trade practices.
“At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” Trump stated.
The president emphasized that this was not a blanket policy toward all trading partners. In contrast to China, Trump said more than 75 countries have reached out to American trade officials to address ongoing issues related to tariffs and trade barriers.
“More than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs,” he wrote.
Citing those discussions and the absence of retaliation against the U.S., Trump approved a temporary reduction in reciprocal tariffs for those countries. “I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”
The move reflects a two-pronged strategy—punishing China for what Trump sees as longstanding economic abuses while rewarding countries that have shown a willingness to work with the U.S. to level the playing field.
The 125% tariff marks one of the most aggressive steps in Trump’s America First trade doctrine, likely signaling to both allies and adversaries that a second Trump administration would continue its hardline economic policies.
Business
Canadian gov’t spending on DEI programs exceeds $1 billion since 2016

From LifeSiteNews
Some departments failed to provide clear descriptions of how the taxpayer funds were used. For example, Prairies Economic Development Canada spent $190.1 million on projects related to diversity, equity and inclusion ventures but could not provide details.
Federal diversity, equity and inclusion programs have cost Canadian taxpayers more than $1 billion since 2016.
According to information published September 18 by Blacklock’s Reporter, diversity, equity and inclusion (DEI) government grants have totaled $1.049 billion since 2016, including grants for “cultural vegetables.”
A $25 million grant, one of the largest individual grants, was given to the Canadian Gay and Lesbian Chamber of Commerce to “strengthen Canada’s entrepreneurship ecosystem to be more accessible to LGBTQ small businesses.”
The government payouts were distributed among 29 departments, ranging from military to agricultural projects.
The Department of Agriculture spent $90,649 for “harvesting, processing and storage of cultural vegetables to strengthen food security in equity-deserving Black communities” in Ontario.
Some departments failed to provide clear descriptions of how the taxpayer funds were used. For example, Prairies Economic Development Canada spent $190.1 million on projects related to diversity, equity and inclusion ventures but could not provide details.
“PrairiesCan conducted a search in our grants and contributions management system using the keywords ‘equity,’ ‘diversity’ and ‘inclusion,’” the Inquiry said. “Certain projects were included where diversity, equity and inclusion were referenced but may not be the main focus of the project.”
DEI projects are presented as efforts by organizations to promote fair treatment, representation, and access to opportunities for people from varied backgrounds. However, the projects are often little more than LGBT propaganda campaigns funded by the Liberal government.
As LifeSiteNews reported, the University of British Columbia Vancouver campus posted an opening for a research chair position that essentially barred non-homosexual white men from applying for the job.
Additionally, during his short time in office, Liberal Prime Minister Mark Carney has already shown Canadians that he is a staunch supporter of the LGBT agenda after he spent over $2 million in taxpayer funding on LGBT groups during his first week in office.
Canadians have repeatedly appealed to Liberals to end pro-LGBT DEI mandates, particularly within the education system.
As LifeSiteNews previously reported, in June 2024, 40 Canadian university professors appealed to the Liberal government to abandon DEI initiatives in universities, arguing they are both ineffective and harmful to Canadians.
Business
How the feds blew your money this week

The Governor General’s closet: A queen’s dream and a taxpayers’ nightmare
Governor General Mary Simon is spending your money like it’s her personal fund for Buckingham Palace’s boutique.
The governor general dipped into her taxpayer piggy bank (a.k.a. your wallet) to fund her shoe collection — six new pairs in 12 months — and is even charging you for her undergarments.
You read that right. Apparently, hundreds of dollars in silk undergarments are now considered essential to public services.
Simon spent $330 of taxpayers’ money on silk camisoles, $1,117 on shoes, $875 on a single blazer, $1,500 on a “sealskin chest piece” and $2,510 on luxury wool suits during the last fiscal year.
Simon spent $144 on a “black dress cardigan.” The “value of the item” according to the expense sheet is half that, listed at only $72. Is there anything the government doesn’t go overbudget on?
It’s very rare for any minister or prime minister to expense clothing. Only two ministers expensed apparel last year — each less than $300 for work boots for an event at a construction site.
Simon billed you for a total of $7,576 on shoes and clothing last year.
Simon’s annual salary is $378,000 a year. Let’s just say she doesn’t need to force you to pay for her clothes.
And that’s not all! Simon’s expansive wardrobe isn’t the only way the governor general’s office is draining the public purse.
Her lavish wardrobe is just the start of the spending spree. Since her appointment, she spent more than $120,000 on speech writers — and don’t get us started on her crazy travel expenses.
Simon has been enjoying mile-high catering — meals on airplanes include beef Wellington, carpaccio, stuffed pork tenderloin and hundreds of dollars on lemons, limes and bottled water. The list goes on.
Simon and her entourage billed you about $100,000 for airplane food during their week-long trip to the Middle East. A separate four-day trip to Germany totaled $103,000 in catering costs. She also spent hundreds of dollars on flowers to go along with the lavish meals.
All on your dime.
Oh, and the cost of those trips totalled $1 million and $700,000, respectively.
Simon also famously spent $71,000 at “Icelimo Luxury Travel” during a four-day trip to Iceland. The total bill for that trip cost taxpayers $298,000.
In fact, the governor general’s travel during her first year in office cost you almost $3 million.
Why is she even going on these far-flung excursions? The governor general’s role is to represent the monarchy here in Canada.
When was the last time you took your family on a vacation? Next time you agonize over fuel or air travel costs, remember you’re already footing the bill for an unelected figurehead’s opulent jet-setting.
The worst part of all this? The governor general’s flamboyant spending is all within rules laid out by the federal government.
Governors general can bill you up to $130,000 on clothes over their five-year term.
And all those posh clothes need cleaning, right? The governor general’s office spent $117,000 on professional dry-cleaning services since 2018, despite having staff dedicated to doing the laundry.
That works out to more than $1,800 per month spent on dry cleaning.
It’s time to close the royal boutique and stop treating taxpayers like an unlimited credit card.
Franco’s note: I just want to give a shout out to the great investigative news outlet, Blacklock’s Reporter. They were the first outlet to report on this spending. And that’s not the only big taxpayer story they uncovered this week. Check this one out: https://www.blacklocks.ca/d-e-
Carney shrinks from pro-active cuts — lets bureaucrats retire themselves
The Canadian Taxpayers Federation called out Prime Minister Mark Carney for his lackadaisical approach to Ottawa’s bureaucracy.
Carney needs to cut staff, not just wait for them to retire.
Here’s the back story:
The federal bureaucracy ballooned disproportionately under the Trudeau Liberals. Carney’s predecessor added nearly 100,000 paper pushers during his decade-long tenure.
The federal bureaucracy cost taxpayers $71.1 billion in 2024-25 — a 77 per cent increase from the $40.2 billion expense in 2016-17.
Enter Mark Carney, armed with a plan … based on inaction and procrastination.
The prime minister said he’s directed federal departments and Crown corporations to cut up to 15 per cent of their budgets over the next few years. He also claimed he would “balance the operating budget by Budget 2028.”
That seemed like a promising start — until Carney announced the cuts would “happen naturally through attrition.”
The bureaucracy now consumes about 55 per cent of the operating budget. And quality of service is decreasing.
Half of Canadians think services are worse than in 2016, according to a Leger poll commissioned by the CTF. Only 11 per cent say they’re better — proving the bureaucracy isn’t shrinking, it’s suffocating.
The poll showed most Canadians want to see the federal bureaucracy cut.
We’ll keep fighting for real cuts — not just a slow march to retirement.
Video: Carney clueless about his own gun confiscation
Carney called his gun confiscation “voluntary.”
Except the federal government announced a list of banned guns that many Canadians had stored in their homes.
Those firearms are suddenly illegal.
The Carney government plans to confiscate them in exchange for compensation. The penalty for illegal possession of a prohibited firearm under the Criminal Code is up to five years in jail.
And taxpayers like you are forced to pay those law-abiding Canadians after the government seizes their property.
“We’re not confiscating guns,” Carney said. “[It’s] an opportunity for Canadians to return guns for compensation.”
What does that mean? Taxpayers have questions.
The CTF’s Gage Haubrich and Kris Sims break it down in the video below and offer Carney an easy solution: scrap the gun ban and confiscation scheme.
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