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Trump Puts China On Notice With First Wave Of Tariffs

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By Dan Scavino - https://twitter.com/Scavino45/status/1069069893549490176, Public Domain, https://commons.wikimedia.org/w/index.php?curid=80055244

President Donald Trump announced he is planning a 10 percent tariff on Chinese imports on Feb. 1 over the country’s role in fentanyl trafficking. 

“We’re talking about a tariff of 10% on China, based on the fact that they’re sending fentanyl to Mexico and Canada,” Trump told reporters at the White House on Tuesday. “Probably February 1st is the date we’re looking at.” 

When asked about a conversation he had with Chinese President Xi Jinping ahead of his inauguration this week, Trump added that “We didn’t talk too much about tariffs other than he knows where I stand.” 

During his campaign, Trump threatened tariffs as high as 60 percent on goods from China. He recently pledged on Truth Social to create an “External Revenue Service” to “collect our Tariffs, Duties, and all Revenue that come from Foreign sources.” 

At a press briefing Wednesday, Chinese foreign ministry spokesperson Mao Ning told reporters that “We always believe that there is no winner in a trade war or tariff war,” according to Reuters. 

In late November, Trump wrote on his Truth Social account that he would implement such tariffs on Jan. 20 as one of his first Executive Orders and that the tariffs “will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” 

Those promised tariffs haven’t gone into effect yet, but on Monday, Trump did sign an executive order titled “America First Trade Policy.” 

“The Secretary of Commerce, in consultation with the Secretary of the Treasury and the United States Trade Representative, shall investigate the causes of our country’s large and persistent annual trade deficits in goods, as well as the economic and national security implications and risks resulting from such deficits, and recommend appropriate measures, such as a global supplemental tariff or other policies, to remedy such deficits,” the order says. 

“The Secretary of the Treasury, in consultation with the Secretary of Commerce and the Secretary of Homeland Security, shall investigate the feasibility of establishing and recommend the best methods for designing, building, and implementing an External Revenue Service (ERS) to collect tariffs, duties, and other foreign trade-related revenues,” it adds. 

On Wednesday, President Donald Trump in a Truth Social post said he will institute tariffs on Russia if the yearslong invasion of Ukraine doesn’t come to an end.

Read Trump’s lengthy statement below:

I love the Russian people, and always had a very good relationship with President Putin – and this despite the Radical Left’s Russia, Russia, Russia HOAX,” he said, referring to allegations from Sen. Adam Schiff (D-Calif.) and others that he colluded with Moscow to defeat Hillary Clinton.

“We must never forget that Russia helped us win the Second World War, losing almost 60,000,000 lives in the process. All of that being said, I’m going to do Russia, whose Economy is failing, and President Putin, a very big FAVOR. Settle now, and STOP this ridiculous War! IT’S ONLY GOING TO GET WORSE,” Trump wrote.

“If we don’t make a “deal,” and soon, I have no other choice but to put high levels of Taxes, Tariffs, and Sanctions on anything being sold by Russia to the United States, and various other participating countries. Let’s get this war, which never would have started if I were President, over with.”

‘We can do it the easy way, or the hard way – and the easy way is always better. It’s time to “MAKE A DEAL.” NO MORE LIVES SHOULD BE LOST!!!”

Trump Accuses Former House Speaker Of Making ‘Dumbest’ Choice In Years

Photo via Gage Skidmore Flickr

President-elect Donald Trump blindsided former House Speaker Kevin McCarthy (R-Calif.) on Sunday calling the debt ceiling suspension approved in 2023 as “one of the dumbest political decisions made in years.”

However, while targeting the former top House GOP lawmaker, Trump leveled the criticism by describing McCarthy as a friend and a good person.

“The extension of the Debt Ceiling by a previous Speaker of the House, a good man and a friend of mine, from this past September of the Biden Administration, to June of the Trump Administration, will go down as one of the dumbest political decisions made in years. There was no reason to do it – NOTHING WAS GAINED, and we got nothing for it – A major reason why that Speakership was lost. It was Biden’s problem, not ours. Now it becomes ours,” Trump declared in the post. 

“I call it ‘1929’ because the Democrats don’t care what our Country may be forced into. In fact, they would prefer ‘Depression’ as long as it hurt the Republican Party. The Democrats must be forced to take a vote on this treacherous issue NOW, during the Biden Administration, and not in June. They should be blamed for this potential disaster, not the Republicans!” he added.

A deal passed by Congress and signed by President Joe Biden last year suspended the debt limit through Jan. 1, 2025, but Trump has been calling for the ceiling to be increased before he takes office. 

“In June 2023, the Fiscal Responsibility Act of 2023 was enacted, suspending the debt limit through January 1, 2025.  On January 2, 2025, the new debt limit will be established at the amount of outstanding debt subject to the statutory limit at the end of the previous day,” Treasury Sec. Janet Yellen wrote in a recent letter to congressional leaders. “Treasury currently expects to reach the new limit between January 14 and January 23, at which time it will be necessary for Treasury to start taking extraordinary measures. I respectfully urge Congress to act to protect the full faith and credit of the United States.”

Responding to Trump’s post about McCarthy, Rep. Chip Roy (R-Texas) wrote in a post on X, “Sadly, this bad debt ceiling extension was opposed by only 71 House Republicans 18 months ago (notably opposed by virtually the entire @freedomcaucus).”

“Democrats did vote on the recent debt ceiling increase proposal on 12/19: 197-2 against it (their price to support is very high – more spending/taxes),” Roy added. “Yes, we can & should address the debt ceiling – thru reconciliation in January with mostly GOP votes – but with real, meaningful spending cuts.”

Trump Pauses Tariffs For One Month After Talks With Mexico

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Trump at the border wall via Wikimedia Commons

Mexico‘s President Claudia Sheinbaum Pardo has announced a temporary suspension of tariffs for one month following a productive conversation with U.S. President Donald Trump. The move comes as part of a broader effort to address critical security and economic concerns between the neighboring countries.

As part of the agreement, Mexico will deploy 10,000 troops to bolster security along the U.S.-Mexico border. In return, the U.S. has pledged to ramp up efforts to curb firearm trafficking into Mexico, a persistent issue fueling cartel violence.

CNBC repots:

Sheinbaum also said in a tweet, that after speaking with Trump, Mexico “will immediately reinforce” its northern border with the U.S. with 10,000 National Guard soldiers “to prevent drug trafficking from Mexico to the United States, particularly fentanyl.”

“We had a good conversation with President Trump with great respect for our relationship and sovereignty; we reached a series of agreements,” Sheinbaum wrote in the tweet, according to a translation from Spanish.

“The United States is committed to working to prevent the trafficking of high-powered weapons to Mexico,” she wrote.

The announcement underscores the ongoing collaboration between Mexico and the U.S. on border security and trade, particularly as both nations navigate shifting political landscapes.

Article Published With The Permission of American Liberty News

Trump Peels Back China Tariffs In Trade War Truce

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By The White House from Washington, DC - President Trump at the G20, Public Domain,

The Trump administration has reached a key deal in its ongoing trade war against China.

Early Monday morning, the U.S. and China released a joint statement revealing that “the United States and China will each lower tariffs by 115% while retaining an additional 10% tariff,” according to the White House. 

The U.S. imposed tariffs as high as 145% on Chinese goods earlier this year as the president looks to bring parity to the nation’s chronic trade deficit with foreign countries.

The move was confirmed by Treasury Secretary Scott Bessent, who told reporters: “The consensus from both delegations this weekend was neither side wants a decoupling.”

Bessent also praised Chinese officials for engaging seriously on fentanyl, saying it was “the first time the Chinese side understood the magnitude of what is happening in the US.”

Secretary of the Treasury Scott Bessent“I’m happy to report that we made substantial progress between the United States and China in the very important trade talks. First, I want to thank our Swiss host. The Swiss government has been very kind in providing us this wonderful venue, and I think that led to a great deal of productivity we’ve seen. We will be giving details tomorrow, but I can tell you that the talks were productive. We had the vice premier, two vice ministers, who were integrally involved, Ambassador Jamieson, and myself. And I spoke to President Trump, as did Ambassador Jamieson, last night, and he is fully informed of what is going on. So, there will be a complete briefing tomorrow morning.”

The truce peels back some of the harshest duties imposed under President Donald Trump’s April tariff hike, which sent U.S. levies on Chinese goods to 125%. China hit back with countermeasures and restricted key mineral exports, rattling global supply chains. Under the new agreement, Chinese tariffs drop to 10%, while U.S. tariffs fall to 30% — though the 20% fentanyl-related tariff remains untouched.

China’s commerce ministry called the move a win for “producers and consumers in both countries,” urging Washington to “completely correct” its unilateral trade posture.

The trade negotiations come as President Trump is slated to depart Washington, D.C., on Monday for visits to Saudi Arabia, Qatar and the United Arab Emirates. The president disclosed last week, when Canadian Prime Minister Mark Carney visited the White House, that he would be making “a very, very big announcement” ahead of his departure for the Middle East, but has not shared additional details. 

Trump Indicates Plan To Lower or Eliminate Income Taxes Thanks To Tariffs

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This could be huge…

President Donald Trump said that some people’s income taxes will be lowered or perhaps even completely eliminated due to tariffs.

“When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than $200,000 a year,” he declared in a post on Truth Social.

“Also, massive numbers of jobs are already being created, with new plants and factories currently being built or planned. It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!” the president added.

The president touched on the subjects of income taxes and tariffs while addressing reporters on Sunday.

“And eventually we’ll be reducing taxes very substantially for the people of our country, because the money is so great coming in from tariffs that I’ll be able to reduce taxes … to a very large extent, and maybe almost completely,” he said.

“And it’s possible we’ll do a complete tax cut, because I think the tariffs will be enough to cut all of the income tax,” he noted. 

The president indicated Americans will be given “a tremendous tax cut,” starting “with people making less than $200,000 dollars a year.”

Trump, who has been in the Oval Office for nearly 100 days, has moved at breakneck speed to revitalize America.

Speaker Mike Johnson (R-La.) told Fox News exclusively that President Donald Trump has accomplished more in the first 100 days of his tenure than “most politicians or presidents accomplish in their entire lifetimes.”

“So much of what we’ve done is leading up to the big reconciliation bill, and that is the legislative vehicle, as I’ve explained to people, it will help us, through which we will deliver the president’s America First agenda,” Johnson told Fox News Digital.

“We’ve done it with arguably the smallest margin in the history of the Congress, so challenges every day, but it’s been very rewarding to lead us through that.”

 The speaker also acknowledged that Trump has acted quite a bit on his own, as well.

“He’s issued, I think, 110 executive orders and many other executive actions. And we’ve been working to codify so much of that. It’s been kind of a partnership,” Johnson said.

“I don’t think we’ve ceded any authority. I think that he’s doing what is within his scope to do. There’s an assumption made by Congress that the administration, whoever is in the administration, will use the money that is appropriated to the executive branch as a good steward, that they will take every measure possible to prevent fraud, waste and abuse,” Johnson said. 

“And tariffs as well – the president, whomever is president, has a responsibility and I think an expectation from Congress that they will deal with unfair trade partners around the globe.”

However, while many conservatives have praised Trump’s recent accomplishments, many Democrats have openly decried the moves and spurred concerns they will seek to impeach Trump if they regain control of Congress.

CNN host Dana Bash recently asked Senate Minority Leader Chuck Schumer if he agreed with Sen. Jon Ossoff (D-Ga.) who signaled recently that he would support an impeachment effort against Trump.

“Would that be a priority if Democrats were to take back Congress?” Bash asked. 

“President Trump is violating rule of law in every way. And we’re fighting him every single day in every way. And our goal is to show the American people over and over again, whether it’s the economy, whether it’s tariffs, whether it’s Russia and overseas and whether it’s rule of law, how bad he is. And you know, two years is too far away to predict. Our job is day to day to day, to show who Trump is, what he is doing, and it’s having an effect,” Schumer said.

Bash pressed him further and said, “You’re not saying ‘no.’”

“Look, it’s too far away to even judge,” Schumer responded.

Ossoff signaled support for impeaching Trump during a town hall event in Georgia.

“I saw just 48 hours ago, [Trump] is granting audiences to people who buy his meme coin,” Ossoff said. “There is no question that that rises to the level of an impeachable offense. And the reality is that that’s just one of many [examples] — defying a federal court order, for example.”

Trump Holds ‘Productive’ Call With New Canadian Prime Minister

President Donald Trump said he held an “extremely productive call” with Canadian Prime Minister Mark Carney on Friday. 

“I just finished speaking with Prime Minister Mark Carney, of Canada. It was an extremely productive call, we agree on many things, and will be meeting immediately after Canada’s upcoming Election to work on elements of Politics, Business, and all other factors, that will end up being great for both the United States of America and Canada,” Trump wrote on his Truth Social account. 

It was the first time the two leaders have spoken.

On Thursday, Carney said the “old relationship” with the U.S. “is over” while vowing to engage in a renegotiation over a trade agreement.  

Carney, 60, won the Liberal leadership this month with 86% of the vote after former Prime Minister Justin Trudeau stepped down.

In an address to reporters in Ottawa on Thursday, Carney offered a blunt rebuke to the Trump administration as it prepares to slap a 25 percent tariff on foreign car imports — a move the prime minister said won’t go unanswered.

“The old relationship we had with the United States, based on deepening integration of our economies and tight security and military co-operations, is over,” Carney said.

He continued: “What exactly the United States does next is unclear. But what is clear is that we, as Canadians, have agency. We have power. We are masters in our own home. We can control our destiny. We can give ourselves much more than any foreign government, including the United States, can ever take away.”

He added: “We can deal with this crisis best by building our strength right here at home. It will take hard work. It will take steady and focused determination from governments, from businesses, from labour, from Canadians. We will need to dramatically reduce our reliance on the United States. We will need to pivot our trade relationships elsewhere. And we will need to do things previously thought impossible at speeds we haven’t seen in generations.”

Carney vowed a “broad renegotiation” of Canada’s trade and security ties with the U.S., marking a sharp departure from the conventional diplomacy that has long defined cross-border relations.

“We will fight back with everything we have to get the best deal for Canada. We will build an independent future for our country, stronger than ever,” Carney said, promising “retaliatory trade actions” designed for “maximum impact in the US and minimum impacts in Canada.”

Trump To Ban Corporations Buying Single-Family Homes

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President Donald Trump announced on Wednesday a plan to ban “large institutional investors” from buying “more single-family homes.”

In a Truth Social post, the president declared the “American dream is increasingly out of reach for far too many people, especially younger Americans.” He blamed economic struggles on former President Joe Biden while announcing his plan to restrict home buying by companies.

Trump wrote:

For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans. It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations. I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks.

Mediaite reported the housing market has faced challenges in recent years, with inflation and other economic issues leading to fewer and younger people actually buying homes. According to data from the National Association of Realtors (NAR), the average age of a first-time home buyer is around 40, a big jump from previous years. According to the 2025 data, first-time home buyers dropped to a record low of 21%.

The Hill noted that the proposed ban could prove to be a way in for Trump and Republicans to address the issue of affordability ahead of this year’s midterm elections. The president and his Republican allies have struggled to message on the issue as inflation persists and as Democrats have won a number of special and off-year elections.

In his TruthSocial post, the president laid blame on former President Biden for current inflation, which have remained stagnant during Trump’s second-term so far.

“For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans,” the president noted. 

Trump Says Americans May Soon Pay ‘No Income Tax’

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President Donald Trump on Tuesday floated the idea that Americans could see their federal income taxes drastically reduced—or potentially eliminated—if tariff revenue continues to rise, calling the amounts collected under his administration “so great… so enormous” that the government may be able to abandon the current system.

Speaking to reporters in a post–cabinet meeting press gaggle, Trump said, “at some point in the not too distant future you won’t even have income tax to pay,” arguing that tariff-driven revenue could eventually replace money now raised through taxes on wages and personal income.

“Whether you get rid of it or just keep it around for fun or have it really low, much lower than it is now, but you won’t be paying income tax,” Trump added.

If pursued, the proposal would amount to one of the biggest shifts in the U.S. tax structure in generations. The federal income tax is a central funding source for Washington, while tariffs—taxes on imported goods—have historically played a smaller role in modern federal budgeting. Trump, however, has repeatedly praised an older era of American finance, when the federal government relied more heavily on customs duties and other consumption-style taxes.

“It’s time for the United States to return to the system that made us richer and more powerful than ever before,” the president said in January. “Instead of taxing our citizens to enrich foreign nations, we should be tariffing and taxing foreign nations to enrich our citizens.”

Trump has previously previewed narrower versions of the same concept. Earlier in his second administration, he floated eliminating income tax for individuals earning under $150,000, again describing tariffs as the replacement revenue stream. That idea—like full repeal—would still require major legislative action and raise large questions about how the federal government would maintain funding levels for defense, Social Security and Medicare administration, interest payments on the national debt, and other functions now supported by income-tax receipts.

The president has also framed the idea as a common-sense bargain rather than a technical redesign of federal finance. Asked by podcaster Joe Rogan whether he was serious about eliminating personal income taxes, then-candidate Trump replied, “Yeah, sure, why not?” and suggested tariffs could fund government operations “instead of wage taxes.”

Even if the White House embraces the concept, the path to implementation is steep. Eliminating or dramatically shrinking the income tax would require rewriting large sections of the tax code—changes that must pass Congress and withstand scrutiny from budget scorekeepers and lawmakers concerned about deficits, household costs, and the economic consequences of sharply expanding tariffs. Those hurdles could be especially high amid tight margins in the House, where leadership often struggles to keep large coalitions together on complex fiscal votes.

Trump’s views on taxation have also shifted over time. During his brief exploration of a 1999 presidential run under the Reform Party banner, Trump considered a one-time “net worth” tax for people with wealth over $10 million—an approach that contrasts with his current push to shift more of the federal tax burden toward imports.

While outright abolition of the income tax has traditionally been a fringe policy idea, Trump’s increasingly explicit endorsement has pushed it closer to mainstream political debate—especially as tariffs become a larger and more central feature of his economic message.

Wall Street Journal Board Urges Potential Trump Impeachment

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Image via Gage Skidmore Flickr

Yikes…

In a column published late Friday, a member of the Wall Street Journal editorial board claimed it would be “desirable” to subject Donald Trump to a third impeachment.

According to longtime columnist Holman W. Jenkins Jr., Trump’s on-again, off-again tariff threats almost makes it appear he wants to be impeached, with Jenkins writing, “A future Trump impeachment seemed all but guaranteed by last Wednesday morning. It seems only slightly less likely now. It may even be desirable to restore America’s standing with creditors and trade partners.”

Read more from the report:

As he sees it, the president’s last great achievement was being re-elected in 2024, and the damage he has been creating since then belies his promise of a “golden age,” so an impeachment is “already ion the cards.”

“No consensus or even significant coalition exists for trying to force into existence a new American ‘golden age’ with tariffs, which anyway is like asking a chicken to give birth to a lioness. He invented this mission out of his own confused intuition,” he accused.

Noting that conservative historian Niall Ferguson labeled Trump’s trade policy going “full retard,” he contributed, “I go with ‘neurotic’ for the word’s wider applicability to any leader who, lacking a clear bead on his times, fabricates a gratuitously ambitious mission to meet his misguided sense of importance.”

“Nobody in Mr. Trump’s orbit actually shares his belief in the magical efficacy of tariffs because it makes sense only in a world that doesn’t exist, where other countries don’t retaliate,” he pointed out before concluding, “The founders never anticipated today’s instantly responsive trillion-dollar financial markets. And yet these markets neatly adumbrate the founders’ scheme of checks and balances, also known as feedback. Mr. Trump, still sane enough to appreciate what’s good for Mr. Trump, listened this week to their feedback.”

President Donald Trump vowed on Sunday that nobody was getting “off the hook” for unfair trade balances and tariff barriers, which other countries have used against the U.S.

The Trump administration announced Friday that it was exempting imported smartphones, laptops and other electronics from reciprocal tariffs, but the president wanted to clear a few things up.

“There was no Tariff ‘exception’ announced on Friday,” Trump said in a post on X on Sunday. “These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff ‘bucket.’  The Fake News knows this, but refuses to report it. We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations.

Customs and Border Protection issued new guidance on reciprocal tariff negotiations late Friday, noting the exemption of those goods from Trump’s April 2 executive order that declared a national emergency due to non-reciprocal trade practices and structural imbalances in the global trading system. Subsequent executive orders ramped up tariffs on China to 125%.

The updated guidance, which cites a presidential memorandum issued Friday, excluded the products from Trump’s 125% China tariff and his baseline 10% global tariff on some countries. They apply to goods that left a warehouse as of April 5.

Products included in the exemption are things like hard drives, computer processors, solar cells, semiconductor manufacturing equipment, flat-panel TV displays and memory chips.

But in light of the easing of tariffs on electronics, Commerce Secretary Howard Lutnick said Sunday the exemption would be temporary.

“They’re exempt from the reciprocal tariffs, but they’re included in the semiconductor tariffs, which are coming in probably a month or two,” Lutnick told ABC’s “This Week” on Sunday.

Lutnick’s comments Sunday made clear that more changes were on the horizon.

Canada Threatens To Retaliate Against U.S. If Trump Admin. Imposes Sweeping Tariff

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The premier of a critical region in Canada is threatening to cut off energy and critical oil exports to the U.S. if President-elect Donald Trump implements a tariff on all Canadian products. 

Trump recently threatened a 25% tariff on all Canadian and Mexican exports in an effort to stop the flow of illegal immigration and drugs coming into the U.S.

Doug Ford, the premier of Ontario, said that he would consider retaliatory measures against the U.S. if the incoming president acted on his promise.

“We will go to the extent of cutting off their energy – going down to Michigan, going down to New York State and over to Wisconsin,” Ford, who represents a region known for its crude oil production, told reporters. 

The premier added that other officials in the country are reportedly identifying ways they can hurt U.S. exports if Trump enacts a tariff.

“Some premiers proactively identified products that their provinces produce and export to the United States and which the U.S. relies on, and which should be considered as part of the Canadian response. This included some critical minerals and metals,” Ford said.

“Canadians get hurt, but I can assure you one thing: the Americans are going to feel the pain as well, and isn’t that unfortunate?” Ford said.

Trump has responded to the threats, saying “that’s okay if he does that.”

“The United States is subsidizing Canada, and we shouldn’t have to do that,” Trump told CNBC at the New York Stock Exchange on Thursday. “And we have a great relationship. I have so many friends in Canada, but we shouldn’t have to subsidize a country.”

However, a Canadian political science professor noted Ford might not be able to unilaterally cut off the province’s energy supply to the U.S.

“I do not believe Ontario could unilaterally stop electricity exports to the U.S. without Ottawa’s approval. Similarly, Michigan cannot unilaterally stop the flow of western Canadian natural gas to eastern Canada without Washington’s approval,” University of Toronto political science Professor Nelson Wiseman told Now Toronto in response to Ford’s retaliatory threat.