Trump Threatens Tariffs on Canada As Well As Mexico
Some readers may have been surprised to see President-Elect Trump threaten to levy tariffs on Canada as well as Mexico in response to drugs and illegal migrants flowing over our borders.
Open Borders And An Increasingly Third World Canada
We all know about the problems with America's southern border, but we're not used to thinking about problems from our rich neighbor to the north. As it turns out though, illegal migration from Canada started to spike under Biden.
Yes. The Northern border has gotten out of control pic.twitter.com/7STIk59Y3w
— Jonatan Pallesen (@jonatanpallesen) November 27, 2024
Partly, this has been due to the Biden Administration's de facto open borders policy, and partly it has been due to the increasingly third world population of Canada, as this post about an Indian ferrying his fellow Indians across the border illustrates.
Indians are offering illegal border crossing services on Instagram
— The Pleb 🌍 Reporter (@truckdriverpleb) November 26, 2024
Videos saying "Call Akash he's got great prices. This experience was so enjoyable. Only took 45 minutes to cross to USA"
They are bold enough to advertise this openly because Trudeau is soft on crime pic.twitter.com/orZRKseHwA
How This Works In Practice
An account on X called "Hickman" gave a detailed explanation of how this works in practice. It's a long post, so we'll just quote a key part below.
Here's what "Akash" does: He's a glorified taxi driver. He picks people up in MTL and drives to:
— 🇺🇸 𝙷𝚒𝚌𝚔𝚖𝚊𝚗 🇺🇸 (@shagbark_hick) November 26, 2024
-- Chemin Rennie, Hinchinbrooke
-- Ch. de Covey Hill
-- Ch. Nichols, Hemmingford
-- one of the dirt spurs off Ch. Fisher
-- Ch. Beaver, St-Anciet
Or a couple others. He has an… https://t.co/EXB4ahvV4B
The key part is that when the U.S. Border Patrol finds these migrants, rather than deporting them, agents just give them a "notice to appear", which the illegal migrants ignore:
If detected, BP sends agents out to arrest them. But once detained, they are often released quickly -- not deported. This is because deportation requires a hearing before a federal judge, and it takes resources to wait for those hearings. So USBP gives them Notice-to-Appear tickets and releases them. I've heard they usually wind up in Plattsburgh once this happens [...]
Most wind up in NYC, and either stay there in the migrant motel system / Governor's Island / Floyd Bennet field, or they catch coach buses to elsewhere.
A Market Reaction To Trump's Promised Deportations
Something interesting we noticed last night:
On the back end, we have a bunch of calibration factors we use to both select these securities and aid hedged portfolio construction and analysis.
— Portfolio Armor (@PortfolioArmor) November 27, 2024
This "Expected Return Adjustment", for example, is a ratio of actual returns to our estimated returns 6 months ago. 2/6 pic.twitter.com/NhDvKhGzTb
Check out the bit spike in $GEO right after the election this month. 4/6 pic.twitter.com/Ng2Ad6Osbc
— Portfolio Armor (@PortfolioArmor) November 27, 2024
Looks like $GEO is a private prison contractor.
— Portfolio Armor (@PortfolioArmor) November 27, 2024
The stock's up because investors think the Trump Administration will use them to detail illegal aliens prior to deporting them.
Options market sentiment put them on our system's radar 6 months ago. 6/6 pic.twitter.com/gOMTJasUgo
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