{"id":2398212,"date":"2025-02-03T10:58:02","date_gmt":"2025-02-03T15:58:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oleary-says-canadas-new-government-can-make-better-tariff-deal\/"},"modified":"2025-02-03T11:01:17","modified_gmt":"2025-02-03T16:01:17","slug":"oleary-says-canadas-new-government-can-make-better-tariff-deal","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oleary-says-canadas-new-government-can-make-better-tariff-deal\/","title":{"rendered":"O&#8217;Leary says Canada&#8217;s new government can make better tariff deal"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Foleary-says-canadas-new-government-can-make-better-tariff-deal%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2398212&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Kevin O&#8217;Leary, a Canadian investor known from &#8220;Shark Tank,&#8221; expressed concern\u2062 over\u2062 teh canadian \u2063goverment&#8217;s inability to negotiate tariffs with the U.S.\u2063 under President Trump. As Canada and Mexico face the \u200dimplementation \u200dof 25% tariffs and 10% tariffs\u200b on\u2063 energy, O&#8217;Leary \u2064emphasized \u2062the deteriorating relations \u200cbetween Trudeau&#8217;s government and Trump, which he <a href=\"https:\/\/amzn.to\/3YuVZYV\">believes \u2063hampers \u2062effective negotiations<\/a>. He noted that many \u2064Canadians and investors would prefer a\u2063 new\u2062 government to handle this situation. O&#8217;Leary\u200d commended Alberta Premier Danielle Smith for efforts that\u200c have kept <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bank-of-england-raises-rates-to-2-25-despite-likely-recession\/\" title=\"Bank of England raises rates to 2.25%, despite likely recession\">energy tariffs<\/a> relatively\u200c low \u200csince Alberta is a major crude oil\u2064 supplier to \u200dthe U.S. He sees the \u2063current tariff\u200d challenges as the\u200b beginning of a negotiation phase, urging for an economic union to emerge from \u200dthe chaos,\u200c despite potential \u2062tax increases that might\u2063 arise from the tariffs.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Kevin O&rsquo;Leary says Canada&rsquo;s new government can make better tariff deal<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1973045\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><em>Shark Tank<\/em>&nbsp;investor&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/?p=2955478\" target=\"_blank\" rel=\"noreferrer noopener\">Kevin&nbsp;O&rsquo;Leary<\/a> lamented that the Canadian government that will replace Prime Minister <a href=\"http:\/\/washingtonexaminer.com\/tag\/justin-trudeau\" target=\"_blank\" rel=\"noopener\" title=\"\">Justin Trudeau<\/a> couldn&rsquo;t negotiate tariffs with President Donald Trump.<\/p>\n<div class=\"article-paywall\">\n<p>Canada and Mexico are facing 25% tariffs slated to begin Tuesday. Additionally, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tariffs-crypto-and-interest-rates-set-to-dominate-2025-economic-agenda-washington-examiner\/\" title=\"Tariffs, crypto, and interest rates set to dominate 2025 economic agenda - Washington Examiner\">10%&#038;nbsp<\/a>;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/vance-explains-tariffs-are-meant-to-improve-imported-products-compete-on-quality-washington-examiner\/\" title=\"Vance explains tariffs are meant to improve imported products: \u2018Compete on quality\u2019 - Washington Examiner\">tariffs&#038;nbsp<\/a>;will go into place against Canadian energy. Meanwhile, China was handed down 10%&nbsp;tariffs&nbsp;to replace what was already in effect from Trump&rsquo;s first term, which former President Joe Biden largely kept in place.<\/p>\n<p>&ldquo;There is no love lost between Trudeau and [Chrystia] Freeland and Trump. They had a bad relationship in this first mandate, it&rsquo;s obviously gotten worse,&rdquo; O&rsquo;Leary said on Fox News&rsquo;s <em>Fox &amp; Friends<\/em> on Monday. &ldquo;I would prefer &mdash; and many Canadians feel the same way and many investors, really I&rsquo;m an investor &mdash; would rather have the new government in place to negotiate the new deal but that&rsquo;s not what happened.&rdquo;<\/p>\n<div style=\"width: 100%; max-width: 640px; max-height: 360px; min-width: 320px; min-height: 180px; overflow: hidden;\">\n<div style=\"position: relative; width: 100%; padding-top: 56.25%;\"><iframe src=\"https:\/\/share.grabien.com\/share.php?id=2784596&amp;userid=11311&amp;loginid=10455&amp;playercolor=%23000000&amp;playersize=auto&amp;code=31b5bf483387da3d300e814537b3132a\" style=\"position: absolute; top: 0px; left: 0px; width: 100%; height: 100%; border: 0px;\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>O&rsquo;Leary is Canadian by citizenship but invests on both sides of the border. He credited Alberta Premier Danielle Smith for keeping the energy tariff low by visiting Trump at Mar-a-Lago. Smith represents Alberta, Canada&rsquo;s largest crude oil producer and the largest crude oil exporter to the United States. In 2023, the last year the data was available, Alberta sourced <a href=\"https:\/\/www.cer-rec.gc.ca\/en\/data-analysis\/energy-markets\/market-snapshots\/2024\/market-snapshot-almost-all-canadian-crude-oil-exports-went-to-the-united-states-in-2023.html\" target=\"_blank\" rel=\"noopener\" title=\"87.4% of the total volume \">87.4% of the total volume <\/a>exported to its southern neighbor.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><\/strong><\/a><\/p>\n<p>&ldquo;I look at this as the beginning of a negotiation,&rdquo; O&rsquo;Leary said of the tariffs. &ldquo;The real opportunity comes out of the chaos, an economic union. I think this is the beginning of that narrative.&rdquo;<\/p>\n<p>According to an estimate from the nonpartisan think tank Tax Foundation, Trump&rsquo;s latest&nbsp;tariffs&nbsp;could raise taxes by more than a trillion dollars between 2025 and 2034 if they continue that long. Canada has since announced&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/news\/world\/3308025\/mexico-canada-order-retaliatory-tariffs-on-us\/\" target=\"_blank\" rel=\"noreferrer noopener\">retaliatory&nbsp;tariffs<\/a>, which could raise taxes even further.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1973045\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1973045\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kevin O\u2019Leary believes Canada\u2019s new government can negotiate better tariffs<\/p>\n","protected":false},"author":2631,"featured_media":2398213,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/03\/AP22348592700480-scaled-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[3957,5045,8964,13991,42205],"class_list":["post-2398212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-canada","tag-government","tag-oleary","tag-tariffs","tag-trade-policy"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/03\/AP22348592700480-scaled-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2398212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2631"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2398212"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2398212\/revisions"}],"predecessor-version":[{"id":2398216,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2398212\/revisions\/2398216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2398213"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2398212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2398212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2398212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}