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Kevin O’Leary’s feedback come after repeated statements by Donald Trump encouraging Canada to turn into ‘our 51st state’
Printed Dec 27, 2024 • Final up to date 10 hours in the past • 5 minute learn
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Kevin O’Leary in January 2024. Picture by Kent Nishimura /Getty Photographs
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Canadian enterprise mogul Kevin O’Leary has expressed an curiosity in assembly with Donald Trump to debate the concept of “an economic union” between the US and Canada.
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After Trump claimed on social media that Canadians might pay 60 per cent much less in taxes by becoming a member of the U.S., O’Leary instructed Fox Enterprise on Thursday that he needs to pitch the U.S. president-elect on a extra restricted integration of the 2 nations.
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After telling Fox Enterprise that he would go to Trump’s Mar-A-Lago, the president-elect’s so-called “winter White House,” O’Leary clarified to Ontario Chronicle that he has not been invited to the resort in Florida, however shall be attending the inauguration in January, the place he could broach the topic.
“What is of interest and what has caught the imagination of Canadians is an economic union beyond what we have now, because the world’s changing pretty quickly and we both have things that each other need, and there’s never been two countries more aligned,” Leary instructed the Submit.
The businessman pointed to America’s rising demand for power and pure sources, which Canada has an abundance of, as an amazing place to begin the place the 2 nations would profit instantly. Enhancing the financial relationship between Canada and the U.S., Leary added, would allow the nations to shift their strategic focus to curb the affect of China and Russia. He mentioned he views the budding relationship between Alberta Premier Danielle Smith and incoming U.S. secretary of the inside Doug Burgum as proof of the rising overlap between Canadian Conservatives and American Republicans on the problem.
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Congratulations, Governor @DougBurgum, in your appointment as U.S. Secretary of the Inside and Chairman of the Nationwide Vitality Council! It is a pivotal second for North America’s power future.
Alberta stands prepared, as at all times, to be your trusted associate in delivering… https://t.co/LiZDN8TyIB
— Danielle Smith (@ABDanielleSmith) November 16, 2024
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O’Leary was cautiously optimistic {that a} new Canadian authorities within the new yr, coinciding with an ascendant Trump administration, unsaddled by worries of a midterm election, may very well be the appropriate substances to construct momentum behind the concept of an financial union.
“We have a unique time in Canada. This government’s collapsing. (Prime Minister Justin) Trudeau’s been a horrific manager, and the numbers say that. You don’t have to look at anything else except the economic numbers. They’re a disaster on every measure,” he mentioned. “You know, Trudeau’s like a little mouse running around the kitchen, and his own party has a broom, and they’re going to get the mouse. They’re going to get him soon. I don’t know when, but it’s soon. And that’s a whole new reset for the country…. Trudeau is the worst prime minister in the history of the country. He will go down in history as the idiot king.”
“Somebody has to start the narrative,” O’Leary mentioned, pointing to his private relationship with Trump as a place to begin to start the dialogue.
O’Leary first floated the concept of an financial union between Canada and America in an look on Fox Enterprise.
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“There’s 41 million Canadians — basically the population of California, sitting on the world’s largest amounts of all resources — including the most important, energy and water. Canadians, over the holidays the last two days, have been talking about this. They want to hear more,” mentioned the Montreal-born entrepreneur and actuality tv character, who’s a vocal Trump supporter.
“There’s obviously a lot of issues and more details, but what this could be is the beginning of an economic union. Think about the power of combining the two economies, erasing the border between Canada and the United States and putting all that resource up to the northern borders where China and Russia are knocking on the door.”
There’s 41 million Canadians sitting on the world’s largest quantities of all sources, together with crucial, power and water. Canadians over the vacations have been speaking about this. They need to hear extra. What this may very well be is the start of an financial union. Assume… pic.twitter.com/yp5PuLgxZJ
— Kevin O’Leary aka Mr. Great (@kevinolearytv) December 26, 2024
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O’Leary already lives within the U.S. The Shark Tank investor at present resides in Florida however lived for many years in Boston, Mass. He not too long ago mentioned he left the state because of excessive taxes.
The concept of deeper integration between Canada and the U.S., and typically Mexico, has been a supply of dialogue for many years, typically in comparison with a North American equal to the European Union, with a shared forex and identification papers. O’Leary pitched comparable concepts for an “economic union” throughout his Fox Enterprise look.
“Give a common currency, figure out taxes across the board, get everything trading both ways, create a new, almost EU-like passport. I like this idea, and at least half of Canadians are interested. The problem is the government’s collapsing in Canada right now,” O’Leary famous, referring to Trudeau’s embattled authorities, his cupboard reshuffle and a possible federal election. “Nobody wants Trudeau to negotiate this deal — I don’t want him doing it for me — so I’m going to go to Mar-a-Lago. I’ll start the narrative. The 41 million Canadians, I think most of them would trust me on this deal.”
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Such negotiations have traditionally stalled due to the initiative’s complexity, in accordance with a report from the nonpartisan analysis group the Peterson Institute for Worldwide Economics.
“The sad truth of North America is that very few leaders of Canada, Mexico and the United States have ever entertained serious discussion of North American goals or plans,” the report says.
“The three governments are not organized to approach North American issues, and officials in each government prefer to deal with problems by themselves or bilaterally…. An even more important reason why these ideas have not been discussed is the complex set of fears and prejudices that lurk deep in the souls of the three countries.”
O’Leary’s feedback come on the heels of repeated statements from Trump encouraging Canada to turn into “our 51st state” and belittling Trudeau as “the Governor of Canada.” He first floated the concept throughout a dinner at Mar-a-Lago with Trudeau and members of his cupboard. Trump has threatened to impose a 25 per cent tariff towards Canada upon taking workplace in January and on Nov. 29, he joked to Trudeau that if Canada needs to keep away from tariffs, it might at all times turn into the 51st state.
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A month later, Trump’s nonetheless repeating the identical joke.
Canada’s “taxes would be cut by more than 60%, their businesses would immediately double in size, and they would be militarily protected like no other Country anywhere in the World,” Trump wrote in a Christmas Day put up on Fact Social, a media platform based by the president-elect.
Trudeau appeared to interrupt his silence on Trump’s trolling for the primary time on Thursday in a terse message on X.
“Some information about Canada for Americans,” Trudeau wrote, above a video narrated by Tom Brokaw concerning the broad brushstrokes of Canadian politics, landscapes and historical past which aired forward of the 2010 Winter Olympics in Vancouver.
Explaining Canada to People: Right here’s what’s within the video Trudeau posted amid Trump’s trolling
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